Know What's Happening in Insurance
Know What's Happening in Insurance
Delaware Supreme Court revives insurers' breach‑of‑contract claims in Blackbaud cyber breach
The state's highest court reversed lower‑court dismissals, permitting insurers that covered Blackbaud's 2020 ransomware incident to pursue breach‑of‑contract claims against the nonprofit software provider. Blackbaud previously paid a $3 million SEC fine and $49 million to state attorneys general for misleading breach disclosures.
Motive’s 2026 AI Road Safety Report, analyzing 1.2 billion hours of dash‑cam video across the U.S., Mexico and Canada, finds driver behavior—not mileage, road conditions, or external factors—to be the chief predictor of commercial‑vehicle collisions. The data shows a 9.5% year‑over‑year drop in severe crashes and a 7.7% decline in injuries, especially among long‑haul, heavy‑duty fleets. Collision risk spikes dramatically at 3 a.m., around dusk, and during early‑morning hours, driven largely by drowsiness, aggression and distraction. State‑level results vary, with Florida cutting collisions by 42.6% while Rhode Island saw a rise despite low baseline volumes.
CVS Health announced a proposed settlement with the Federal Trade Commission concerning its insulin pricing practices. The agreement, negotiated by CVS’s pharmacy benefit manager Caremark, is modeled after the FTC’s recent deal with Express Scripts, a Cigna subsidiary. While the...
Howden Re’s new report outlines a framework for a secondary reinsurance market, arguing that tradable risk would let insurers and reinsurers re‑balance exposures and release capital more efficiently. The broker highlights that reinsurance currently acts as static contingent capital, with...
Cardinal Compliance Consultants announced a March 17, 2026 launch of an adult First Aid, CPR and AED certification course for employers. The digital certification, valid for two years, is positioned as a tool to lower workplace injury costs and strengthen...
A recent industry report warns that U.S. auto insurers seldom notify drivers of diminished‑value claims after accidents, creating an estimated $25 billion “blind spot.” The finding could spur regulatory scrutiny and push insurers to improve disclosure practices.
Wisedocs unveiled an AI‑powered decision intelligence platform that transforms raw claims documents into structured, decision‑ready insights across the entire claims lifecycle. The solution automates document classification, deduplication and timeline creation, while AI analyzers flag risk signals, inconsistencies and treatment outliers....
The U.S. Treasury Department has opened a public comment period to consider expanding the Terrorism Risk Insurance Program (TRIP) to cover cyber‑related losses stemming from acts of terrorism. The agency will incorporate feedback into a mandatory report to Congress due...
The Centers for Medicare & Medicaid Services is weighing a policy that would automatically enroll seniors into a Medicare Advantage (MA) plan, shifting the default from traditional fee‑for‑service Medicare. CMS officials say beneficiaries could still opt out or select a...
A new FMCSA‑based study of 314,078 interstate for‑hire carriers links insurance underwriting type to safety outcomes. Non‑underwritten carriers consistently post higher composite risk scores and dirty‑inspection rates than peers in underwritten programs, with gaps widening for mid‑size fleets. Risk Retention...
JBA Risk Management has launched an upgraded global flood model that features richer hazard maps, a broader suite of future climate scenarios, faster processing, and finer exposure‑disaggregation. The enhancements give insurers, corporates and asset managers a clearer view of current...
Nephila Capital’s flagship Lloyd’s Syndicate 2357 posted a 48% profit jump in 2025, delivering $235.6 million versus $159 million the prior year. Gross written premiums fell to about $465 million from $610 million as the syndicate scaled back capacity and closed legacy exposures. After...
PMI offers a strong foundation, but rarely, if ever(?), has 100% enrolment Even for those who do enrol/opt-in, life stage health matters are too often excluded either due to being categorised as "normal aging", chronic health, pre-existing conditions or otoh...
The Medicare Payment Advisory Commission (MedPAC) is reviewing three payment pathways—outlier payments, guaranteed add‑on payments, and a case‑mix adjustment—to broaden Medicare hospice coverage of high‑acuity palliative services such as radiation, chemotherapy, dialysis and blood transfusions. These treatments are often withheld...
U.S. homeowners' insurance premiums jumped 12% last year to an average $2,948, driven by soaring climate‑related losses. Insurify’s report warns of further hikes, especially in fire‑prone California and hurricane‑hit Georgia, prompting lawmakers to consider resilience incentives.
The National Human Rights Commission (NHRC) has served a notice on the Insurance Regulatory and Development Authority of India (IRDAI) demanding action on alleged denial of life‑insurance policies to individuals with hearing and speech disabilities. The commission gave IRDAI 15...
WTW has been chosen by digital MGA Thimble to implement its Radar Live platform, modernising the insurer’s commercial‑lines pricing engine. The solution enables faster rate deployment, real‑time market responsiveness, and tighter pricing governance as Thimble expands its short‑term liability products....
We are standing at the intersection of profound digital disruption and escalating physical risk. Last year, secondary climate perils drove a record 92% of global insured natural catastrophe losses. The physical world is demanding as much transformation as the digital one. The...
Congrats to the @withshepherd team on their $42M Series B! They're rebuilding commercial construction insurance for the AI era. When a broker submits an account, Shepherd delivers an indication in minutes—not weeks. 1,500+ policies issued, $400B in insured value, 600+ commercial...
Schroders Capital’s latest report argues that combining public catastrophe bonds with private insurance‑linked securities (ILS) can temper the inherent trade‑offs of each structure. Public cat bonds deliver market liquidity and transparent pricing, while private ILS provide higher illiquidity premiums and...
Centene, the nation’s largest Medicaid insurer, posted a 20% revenue increase to $194.8 billion last year but recorded a $6.7 billion net loss after a massive write‑down tied to the Trump‑backed One Big Beautiful Bill Act, which trims federal Medicaid spending by...
Ki, the algorithmic Lloyd’s digital platform, has appointed Helen Rios as an Active Underwriter for Syndicate 1618, effective March 2026 pending regulatory approval. Rios, who has served as Underwriting Director for Ki’s Casualty Division since the firm’s 2020 launch, will...
In late February 2026, coordinated U.S.–Israeli airstrikes triggered a rapid insurance‑driven shutdown of the Strait of Hormuz. War‑risk premiums surged fivefold, Lloyd’s Joint War Committee reclassified the entire Arabian Gulf as a conflict zone, and major insurers withdrew affordable coverage,...
In this episode, Sean McGovern, CEO of AXA XL UK & Lloyd's and newly appointed chair of the Lloyd's Market Association (LMA), outlines the LMA’s five‑point agenda: enhancing technical expertise through training, advocating for managing agents with regulators and government,...
Governor Kathy Hochul has unveiled a package of auto‑insurance reforms aimed at lowering New York drivers’ premiums by cracking down on staged‑accident fraud, curbing excessive litigation and limiting insurer profit margins. The proposals, which include new criminal liability for fraud,...
Berkshire Hathaway, through its reinsurance subsidiary National Indemnity Company, is investing roughly $1.8 billion to acquire a 2.5% stake in Japan’s Tokio Marine Holdings. The deal, announced on March 23, includes a treasury‑stock purchase and sets the stage for deeper reinsurance...
A new KFF survey shows 80% of returning Affordable Care Act marketplace enrollees report higher premiums, deductibles or cost‑sharing after enhanced subsidies expired. Average annual premiums are projected to rise 114% to about $1,904, driving 55% of respondents to cut...
A new Insurify report shows the average U.S. homeowner insurance bill rose 12% last year to $2,948 and is set to climb another 4% this year. The surge, driven by escalating natural‑catastrophe losses, is concentrating in states like California, Georgia...
Twelve Senate Finance Committee Democrats unveiled a health‑care plan aimed at reversing recent premium spikes, simplifying enrollment, and curbing insurer profiteering. They cite the expiration of ACA‑enhanced premium tax credits, which caused average premiums to double, as a key driver...
CMS is broadening its accountable care organization (ACO) portfolio, but more than 90% of skilled nursing facilities remain excluded. Administrative hurdles and misaligned design keep fewer than 10% of SNFs in existing ACOs. Industry leaders propose a dedicated long‑term‑care ACO...
Sixteen years after its enactment, the Affordable Care Act (ACA) remains a cornerstone of American health policy. In a new CareTalk episode, the host and guests Diane Archer of Social Security Works and Louise Norris of HealthInsurance.org dissect the law’s...
Chubb Chairman and CEO Evan Greenberg told investors that managing general agents (MGAs) are “a bad bet in the majority of cases,” warning that the delegated‑authority model often inflates costs without delivering underwriting value. He also announced that AI will...
The Workgroup for Electronic Data Interchange (WEDI) announced a survey to assess how health‑care providers are delivering good‑faith cost estimates to uninsured and self‑pay patients under the No Surprises Act. The questionnaire, which will remain anonymous, seeks insight into implementation...
The U.S. Department of Health and Human Services issued a final rule on March 20 establishing a uniform electronic format for health‑care claim attachments under HIPAA, along with mandatory electronic signature requirements. The Centers for Medicare & Medicaid Services projects the...
The FAIR Business Practices Act took effect on February 17, 2026, revamping New York’s General Business Law § 349 to cover not only deceptive but also unfair and abusive practices. The law expands the Attorney General’s enforcement reach to out‑of‑state entities...
Vortex Weather Insurance has launched HailSafe, a parametric hail insurance product now available directly through the company to brokers and weather‑exposed businesses such as solar projects. The 12‑month policy pays out automatically when hail of at least one inch in...
A Minnesota federal court granted plaintiffs discovery into UnitedHealth’s AI system nH Predict, which the insurer uses to evaluate and deny post‑acute care claims. The ruling required production of documents describing the AI’s development, functionality, and oversight, while limiting some financial...
The US pension fund of Coca‑Cola saw its insurance‑linked securities (ILS) portfolio rise to $266 million at the end of 2025, the highest valuation since 2022. After a decline from $330 million in 2021 to $248 million in 2024, the fund recorded a...
The Gemini Space Station IPO promised crypto‑exchange growth, but within months the company announced a strategic shift to a prediction‑market platform called “Gemini 2.0,” cutting staff by roughly 25 % and prompting the exit of its CFO, COO and CLO. Shareholders filed...
Everest Group has agreed to sell its Canadian Retail Insurance business, Everest Canada, to mutual insurer Wawanesa, with the transaction slated to close in the second half of 2026 pending regulatory approval. The deal will transfer an estimated CAD305 million (about...
A recent Society of Actuaries and Casualty Actuarial Society survey finds financial volatility ranked as the most impactful risk for insurers in 2026, cited by 25% of respondents. The concern is strongest among life insurers, where 63% selected volatility, while...
Maine auditors disclosed that Gateway Community Services received more than $1 million in improper MaineCare payments, prompting the state to suspend the provider’s reimbursements. Lawmakers and health‑care advocates say the case highlights systemic billing flaws and the need for broader insurance...
USAA is inserting a 100% retained quota‑share layer into the stated reinsurance of several of its Residential Re annual aggregate catastrophe bonds after a Verisk risk‑model update raised the expected loss from severe thunderstorms. The adjustment covers bonds issued in...
Medicare Part B premiums jumped to $202.90 a month in 2026, the first time they have cleared the $200 threshold. The Social Security cost‑of‑living adjustment added $56 to the average benefit, leaving retirees with a net gain of only about $38...
GuideFire, a Kansas City‑based firm, launched its captive advisory, management, development, formation and feasibility services in January. Although initially hesitant to expand into captive management, the division has quickly become a revenue driver. President Jesse Olsen describes the management side...
The French Prudential Supervision and Resolution Authority (ACPR) granted a captive reinsurance licence to CapQuartz, a subsidiary of industrial‑waste specialist CHIMIREC Group, on 18 March. The licence expands CapQuartz’s ability to underwrite its own risks and those of related entities. This...
UK home insurers are projected to post a Net Combined Ratio of 103% in 2026, slipping back into loss‑making territory after a brief profitability rebound in 2025. Premiums are expected to fall about 3%, lowering the average policy price to...
Zocks, an AI assistant originally built for financial advisors, is extending its workflow automation platform into the life‑insurance sector. The tool captures data during discovery meetings, auto‑generates notes, applications and fact‑finds, and processes PDFs, scans and photos in under a...
HSB, a Munich Re subsidiary, introduced an AI liability insurance product aimed at small and medium‑sized enterprises. The policy bridges gaps in conventional general liability coverage by protecting against bodily injury, property damage, and personal or advertising injury arising from...
UK‑based financial services group Just has chosen Sapiens to power a new end‑to‑end life and pensions platform. The deployment will use Sapiens CoreSuite, DigitalSuite and DataSuite to boost scalability, integration speed and product‑to‑market timelines. The solution targets complex retirement products...
Employers face a clear legal duty to manage work‑related driving risks, as roughly one‑third of road accidents involve employees behind the wheel. Many organisations still lack formal policies, exposing them to legal, financial and reputational fallout. In 2026, best‑practice guidance...
