Humana, Caught up in the Metastasizing Medicare Overbilling Scandal, Enters Our Imploded Stocks
Humana’s Medicare Advantage business, once a profit engine, is now under intense federal scrutiny for alleged overbilling and kickback schemes. The crackdown has stalled revenue growth and led to a February loss, pushing the stock 71% lower from its November 2022 peak and into the "Imploded Stocks" category. Congressional estimates suggest Medicare Advantage overpayments added $76‑84 billion to government costs in 2025, inflating Part B premiums for seniors. Humana also settled a $90 million Part D overbilling case and faces a civil lawsuit over alleged broker kickbacks.
How Chameleon Carriers Influence Trucking Insurance, Risk Management
Chameleon carriers—trucking firms that shed their identities to evade FMCSA violations—are re‑entering the market under new DOT numbers, masking prior safety issues. This recycled risk distorts insurers’ underwriting models, leading to unexpected losses and higher premiums across the industry. Regulators...
Carriers Lose Millions on Manual Claims
Insurance carriers are still spending $7‑$15 per claim document, driving up to $375 in overhead per claim and $10‑$18 million annually for a mid‑size P&C insurer. The root cause is legacy, paper‑centric workflows that extend average claim cycles to about 30...
P&C Profitability Nears Peak Amid Rising Competition and Strong Balance Sheets, Says Moody’s
Moody’s says P&C reinsurance profitability peaked in 2025 as European reinsurers benefited from lower catastrophe claims and strong investment returns. However, risk‑adjusted pricing fell in the 2026 renewals, and underwriting ratios are expected to drop 2‑4 percentage points. Life reinsurance...
Vermont Passes House Bill 649 Impacting RRG Investments and Cell Funding
Vermont Governor Phil Scott signed House Bill 649, a statewide captive insurance update that bars risk retention groups (RRGs) from extending loans or making investments in their member‑owners or affiliates. The law also mandates quarterly financial statement filings for RRGs,...
Alberta Captive Market Continues to Flourish with Foreign Interest Set to Rise
Since Alberta introduced its captive statute in July 2022, the province has attracted 29 captive insurers, outpacing British Columbia and drawing increasing foreign interest. Legal and insurance experts say Alberta’s G7 status, diversified trade strategy, and flexible partnership‑based framework position...
Risk Intelligence
Artificial intelligence is reshaping risk management by delivering predictive analytics, real‑time monitoring, and automated mitigation. AI algorithms now parse historical and live data to flag emerging threats, while automated response systems reduce reaction times and human error. The technology also...
UK Bulk Annuity Market Sees Record Deal Volumes as Competition Intensifies, Says Aon
UK bulk annuity market recorded its busiest year by deal count in 2025, with 367 transactions surpassing the 293 deals in 2024. Although the number of deals rose, total written premium fell to £38.2 billion (≈$47.8 billion), down from £49.1 billion the year...
Alejandro Pedroza to Lead MISSION’s Recently Launched Latin America Platform
MISSION Underwriters has launched a new Latin America platform, operating from Miami, to develop specialised facultative reinsurance programmes. Alejandro Pedroza was appointed President, Latin America, bringing two decades of regional reinsurance experience. The platform will initially focus on property, financial...
Premium Hike Despite Zero GST
A recent customer complaint highlights that health‑insurance premiums in India have surged despite the government’s GST waiver. The policy cost rose from Rs 21,996 (≈$265) in March 2021 to Rs 34,409 (≈$415) in March 2024 – a 24.86% increase after GST removal. Insurers cite...
Low-Income ACA Enrollees Shifted Heavily From High-CSR Silver to Bronze in 2026
In 2026, low‑income ACA marketplace enrollees dramatically shifted from high‑CSR silver plans to bronze, accelerating a multi‑year trend. The average actuarial value (AV) for HealthCare.gov states fell from about 80% in 2025 to 76% in 2026, while total enrollment dropped...
Final 2026 Open Enrollment Report: Broker/Agent Assistance (Part 10)
The Centers for Medicare & Medicaid Services released its first dataset showing how many ACA Open Enrollment participants received help from certified brokers, agents, or other assisters. The data, limited to the 30 states that use the federal HealthCare.gov exchange,...
Swiss Re Flags Accumulation Risk in Data Centres as Key Underwriting Challenge
Swiss Re’s Institute report warns that the rapid expansion and technical complexity of data centres, especially those powering AI workloads, are creating major underwriting challenges. Global data‑centre insurance premiums are projected to more than double to $24.2 bn by 2030, reflecting...
XS Global Appoints Daniel Abramson as Head of Construction Underwriting, APAC
XS Global has expanded its Asia‑Pacific footprint with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong and now appoints Daniel Abramson as Head of Construction Underwriting for the region. Abramson brings over 25 years of underwriting...
SEADRIF and AHA Centre Sign Agreement to Advance Disaster Risk Financing in Southeast Asia
SEADRIF Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre) signed a Memorandum of Intent in Bali to strengthen disaster risk financing across Southeast Asia. The pact creates a framework for improved disaster impact reporting and explores...
Insurance Europe Flags Proportionality Concerns in Response to Eiopa IRRD Consultations
Insurance Europe, the EU’s leading insurance trade body, has responded to the European Insurance and Occupational Pensions Authority’s (Eiopa) draft consultations on the Insurance Distribution Directive (IRDD). While it endorses the overarching consumer‑protection and market‑integrity objectives, the association warns that...
The Material Evolution in Bermuda's Approach to Insurance Regulation
Bermuda’s insurance regulator, the BMA, is overhauling its supervisory framework to better manage asset‑intensive reinsurance, the surge in private‑credit fund participation, and the growing use of artificial intelligence. The new rules tighten capital adequacy, demand granular asset reporting, and introduce...
Continued Middle East Conflict Drives ‘New Equilibrium’ in Terrorism and Political Violence Reinsurance: WTW
WTW says the prolonged Middle East conflict is establishing a new baseline for terrorism and political violence reinsurance. Insurers are now offering reduced line sizes, tighter terms, and higher rates. Capacity outside the MENA region remains near $8.5 billion, with only...
AM Best Affirms Sompo’s Ratings Following Aspen Acquisition
AM Best removed the under‑review status and affirmed an A+ (Superior) Financial Strength Rating for Sompo Japan Insurance, with a stable outlook, alongside an aa‑ Long‑Term Issuer Credit Rating carrying a positive outlook. The agency also affirmed an a‑ rating...
TMK Adds Francesca Kevill as Underwriter to Its Cyber & Enterprise Risk Team
Specialist insurer Tokio Marine Kiln (TMK) has appointed Francesca Kevill as an underwriter on its Cyber & Enterprise Risk team, reporting to Head of Delegated Cyber & IP Ellie Webb. Kevill brings extensive cyber underwriting experience from Tokio Marine Australia,...
Total Losses From March Kona Storms in Hawaii Said to Be at Least $1bn: Aon
Aon’s latest catastrophe report estimates that the back‑to‑back Kona storms that battered Hawaii in March 2024 will generate at least $1 billion in combined economic and insured losses. The two‑week deluge produced record rainfall—over 52 inches at mountain peaks—the heaviest event...
Louisiana to Modernise Captive Laws, Targets Captives Insuring Commercial Trucking
Louisiana lawmakers have introduced three bills aimed at modernizing the state’s captive insurance framework, with a particular focus on entities that underwrite commercial trucking risks. House Bills 936 and 904 would tighten capital requirements, impose stricter governance standards, and broaden...
Architects’ Mutual the Wren to Shut Down Due to High Number of Cladding Claims
The Wren Insurance Association Limited, a mutual insurer that provides professional indemnity coverage for architects, will cease writing new business on 1 July 2026. The decision follows a surge in cladding‑related claims that have strained the mutual’s capacity. Wren remains...
David Carlin's Weekly Digest: Mar 23 - 27 2026
A new World Meteorological Organization assessment shows Earth’s energy imbalance accelerating, with over 90% of excess heat stored in oceans, intensifying systemic climate risks. Swiss Re data reveal secondary perils such as wildfires, floods and storms now account for 92%...
Another Round of Crop Insurance; Update From the Policy Design Lab
The Policy Design Lab released interactive county‑level visualizations of USDA’s crop insurance data for 2014‑2024, highlighting stark geographic imbalances. Midwest counties, such as those in Illinois, consistently pay more in premiums than they receive in indemnities, while counties like Gaines...
China Can Become Golden Area for Captive Opportunity – Yves Betz
China’s rapidly expanding multinational corporations are creating a fertile market for captive insurance structures, with Hong Kong positioned as the regional hub. Yves Betz, head of AXA XL Multinational Solutions, highlighted this emerging opportunity in an exclusive Global Captive Podcast...
Totalis Program Underwriters Acquires Specialist Provider ShoreOne
Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a niche provider of homeowners insurance with integrated flood coverage. The deal terms were undisclosed, and ShoreOne will operate as an independent business unit under Totalis, with Cameron Rhodes taking over as...
Hawaii Introduces Senate Bill 2950, Allows Captives to Write Catastrophic Risk
Hawaii Senate Bill 2950 authorizes captive insurers to write catastrophic property and casualty risks, provided they obtain approval and remain under the ongoing supervision of the state insurance commissioner. The legislation defines catastrophic risk as exposures that could generate severe,...
Markel International Appoints Camilla Roughan to Senior Underwriter – Energy
Markel International has named Camilla Roughan as Senior Underwriter – Energy, effective immediately. Based in London, Roughan will lead underwriting for the firm’s upstream and midstream energy portfolio, focusing on tighter risk selection and stronger broker relationships. Her 20‑plus years...
Extreme Heat and Drought Dominated Extreme European Weather Risks
European weather risk assessments now highlight extreme heat and drought as the primary threats for the continent. Recent climate data shows record‑breaking temperatures and prolonged dry spells across major economies, raising concerns for agriculture, energy, and public health. Insurers and...
MGA Banyan Risk Deploys Hx’s Full Agentic Underwriting Suite
hyperexponential (hx) has partnered with MGA Banyan Risk to become the first managing general agent to deploy hx’s full agentic underwriting suite across the United States, United Kingdom, Canada and Bermuda. The hx platform will sit at the core of...
Agentic AI Poised to Shape Both Offensive and Defensive Cyber Measures: Munich Re
Munich Re’s 2026 cyber‑insurance report warns that agentic AI will soon automate multi‑stage attacks, generate hyper‑personalised phishing, and manipulate AI models through prompt injection and data poisoning. The technology expands the attack surface while also offering defenders autonomous tools to...
Ci DataHub: South African, Malaysian Companies Form Mauritius Captives
Mauritius Financial Services Commission licensed two new pure captive insurers in December, doubling the jurisdiction’s non‑PCC captive count. One of the new entities, Master Drilling Captive, Ltd., received approval on 22 December 2025. The additions were driven by South African and Malaysian...
Cayman’s Framework and Stability Key to Japanese Multinational’s Re-Domiciliation – SRS’ Jenny Pooley
Japanese conglomerate Itochu Corporation decided to re‑domicile its Bermuda captive to the Cayman Islands. The move was driven by the Cayman Islands Monetary Authority’s robust regulatory framework and the jurisdiction’s political and economic stability. The new captive, named GUNA Re,...
How to Communicate Risk to the C-Suite and Board
The NC State ERM Initiative released a practical guide for enterprise risk management leaders on how to communicate risk to the C‑suite and board. It outlines four pillars—focusing the message, structuring the process, designing concise materials, and ensuring messages are...
Chubb's CEO Just Challenged the Entire MGA Model
In its March 17 shareholder letter, Chubb CEO Evan Greenberg labeled managing general agents (MGAs) a "bad bet" and unveiled a four‑year plan to automate roughly 85% of underwriting and claims. The initiative includes cutting about 8,600 positions and targeting...
New Dawn Risk and Continent 8 Partner for iGaming Cybersecurity and Insurance
New Dawn Risk, a Lloyd's specialist broker, has teamed up with Continent 8 Technologies to deliver a combined cyber‑security and insurance offering for iGaming operators. The package bundles managed SOC, MDR, DDoS mitigation, WAAP and MFA with tailored insurance coverage,...
HKIA Reforms Seen Strengthening Hong Kong’s Reinsurance Hub Status: AM Best
AM Best’s latest report says HKIA’s proposed reforms to non‑life insurers’ capital rules could boost Hong Kong’s reinsurance hub status. The changes would scale back prescribed natural catastrophe risk factors and let insurers exclude offshore reinsurance from capital calculations, improving...
New KeyState PCC Was From Broker-Driven Demand
KeyState has created a District of Columbia‑domiciled captive insurance entity, KeyState PCC LLC, aimed at mid‑sized firms exploring captive structures for the first time. The move responds to strong broker‑driven demand and comes with a pipeline of ready‑to‑use candidates. Founded...
DUAL UK Introduces Credit Risk Insurance Solution to Sustain Cross-Border Transactions
DUAL UK, the underwriting arm of Howden Group Holdings, has launched a new Credit Risk Insurance (CRI) solution to help clients manage payment and contractual risks in cross‑border trade. The product offers contract‑frustration coverage for up to 15 years and...
Berkshire (BHSI) Introduces New Executive First D&O Insurance Policies in Switzerland
Berkshire Hathaway Specialty Insurance (BHSI) has rolled out two new Executive First Directors & Officers (D&O) liability policies in Switzerland, one aimed at commercial and industrial firms and the other at financial institutions and investment managers. The policies promise straightforward,...
Readhunt Gains Lloyd’s of London Broker Registration
Readhunt, an independent UK insurance broker, has secured Lloyd’s of London broker registration, granting it direct access to Lloyd’s syndicates. The accreditation expands the firm’s capacity to design bespoke insurance programmes for technically complex or non‑standard risks across sectors such...
Forge Insurance Update: A Small P&C Insurer Reaches the Inflection Point
Forge Insurance, a nano‑cap property‑and‑casualty carrier focused on commercial auto, reported 2025 results that signal a decisive inflection point. Net premiums earned jumped 41% to $31.1 million and underwriting income turned positive at $2.4 million after a loss the prior year. Net...
JBA Risk Management Brings Out Enhanced Global Flood Model
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...
Ki Adds Helen Rios as Active Underwriter for Syndicate 1618
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...
The Affordable Care Act Turns 16: What's at Stake in 2026 #CareTalk
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 Just Told the MGA Market What It Really Thinks
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...
Prediction Markets and Emerging D&O Risk
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...
Starr Completes IQUW Deal, Strengthens Specialty Re/Insurance Presence
Starr has finalized its acquisition of IQUW Group, creating a larger specialty re/insurance platform that now ranks as the ninth‑largest managing agency at Lloyd’s. The deal integrates IQUW’s London syndicates and Bermuda reinsurance operations under the new Starr Re brand,...
Everest to Sell Canadian Retail Insurance Operations to Wawanesa
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...