Insurance News and Headlines
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Alignment Healthcare posted a fourth‑quarter loss of $11 million, but revenue rose 44 percent to just over $1 billion and membership jumped 25 percent to 236,300. The loss narrowed sharply from $31 million a year earlier, and the full‑year loss shrank to $724 000 versus $128 million in 2024. Its medical benefits ratio improved to 87.7 percent, well below rivals’ 90 percent‑plus levels, indicating better cost control. The company raised 2026 revenue guidance to $5.14‑$5.19 billion, signaling continued expansion.
A Florida appeals court struck down a 2023 rule that would have forced workers‑comp insurers to reimburse medications dispensed by physicians, ruling the measure exceeded the statutory “free, full, and absolute choice” language for pharmacy selection. The court held that...
Louisiana lawmakers introduced S.B. 162 to amend the state workers' compensation medical treatment schedule. The bill would keep the existing appeal framework but restrict the evidentiary record on further appeal to only what the medical director or associate medical director...
Liberty Co. Insurance Brokers announced the launch of Liberty Collateral Protection, a new collateral protection facility aimed at lenders and loan servicers with large, multi‑state portfolios. The offering blends lender‑placed insurance, real‑estate‑owned (REO) coverage, and collateral protection insurance with centralized...
Africa’s insurance protection gap remains stark, with only about three percent of the population covered. Mobile‑money, AI and API‑driven models are enabling a new wave of insurtech startups to offer micro‑insurance at scale. The article highlights six innovators—Pula, Lami, Pineapple,...
Berkshire Hathaway Specialty Insurance provides a broad suite of commercial property, casualty, professional liability, and specialty lines tailored for high‑risk sectors, including life sciences. The insurer underwrites policies on the paper of Berkshire Hathaway’s National Indemnity group, which carries an...
Munich Re reported a 12% decline in fourth‑quarter net profit, posting €945 million versus €1.068 billion a year earlier, missing analyst expectations of €1.030 billion. The drop was primarily driven by adverse currency effects from a weaker U.S. dollar. Despite the quarterly dip,...
Extreme heat in the United States hit record levels in 2025, driving a sharp rise in heat‑related occupational deaths and injuries. OSHA has extended its National Emphasis Program and proposed a new heat‑injury rule, while several states already enforce stricter...
In 2025 the Centers for Medicare & Medicaid Services launched a voluntary Premium Stabilization Demonstration for Medicare Part D standalone drug plans to curb steep premium hikes and protect enrollment. GAO analysis showed that without the program, average premiums would have...
The A&E professional liability market recorded its fifth consecutive year of premium growth in 2025, yet claim severity surged, with 60% of insurers reporting larger loss payouts. Defense costs now dominate, driven by aggressive litigation and rising counsel fees. While...
Wakam UK launched in April 2024 as a fully authorised digital insurer built to serve MGAs, insurtechs and embedded insurance platforms. Leveraging an API‑driven, AI‑native core, the firm can design, underwrite and launch bespoke products in weeks rather than months....
New York enacted a sweeping workers’ compensation amendment in December 2024 that allowed any employee to claim compensation for “extraordinary work‑related stress,” but the law was repealed less than a year later due to vague definitions and fear of claim...
To meet the stringent data‑privacy demands of enterprise insurance, the company abandoned the traditional multi‑tenant SaaS model and built a single‑tenant AI platform where each client receives an isolated database and compute environment. By eliminating middleware and moving business logic...
The United Kingdom announced it will back a full ban on maritime services – including insurance and shipping – for Russian crude and refined oil, moving beyond the existing $44.10‑per‑barrel price‑cap rule. Trade Minister Chris Bryant said the UK will...
U.S. product recalls surged to 3,295 incidents in 2025, the highest in a decade across five key industries. Consumer products led with 414 recalls, while FDA‑regulated food recalls hit 517, a nine‑year peak. Automotive and medical device recalls slipped modestly,...
San Diego’s city council approved a $6 million settlement with 17 insurers to resolve subrogation claims stemming from the January 2024 floods. The payment, drawn from the city’s self‑insurance program, concludes part of a broader litigation wave accusing the municipality of neglecting...
The U.S. 4th Circuit Court of Appeals ruled that under North Carolina law an excluded cause must be the sole cause of damage for an all‑risk policy exclusion to apply, reaffirming the 1973 Avis v. Hartford standard. The decision overturns...
A federal court in Massachusetts ruled that Blackboard Specialty Insurance Co. is not liable for a $1.9 million consent judgment against three strip‑club owners accused of using professional models' images without permission. The decision hinged on the fact that most photos...
MBIA Inc. reported a markedly narrower Q4 2018 GAAP loss of $7 million, driven by reduced loss‑adjustment expenses on its Puerto Rico exposure and lower LAE across structured‑finance assets. The company completed a restructuring of COFINA bonds, cutting insured debt service exposure...
National MI (NMI Holdings) reported a record 2025 year, posting $388.9 million net income (up 8%), diluted EPS of $4.92 (up 11%) and a 16.2% return on equity. Insurance in force reached $221.4 billion, a 5.4% year‑over‑year increase, while fourth‑quarter new insurance...
Hagerty Inc. reported Q3 2025 revenue of $380 million, an 18% year‑over‑year increase, propelled by 16% written‑premium growth and strong State Farm policy conversions. Operating profit jumped 240% to $34 million, lifting margins to 9% and net income to $46 million, a 143%...
Vrbo has teamed with WeatherPromise to sell a weather‑guarantee add‑on that automatically refunds guests when rain exceeds predefined thresholds during their stay. The coverage price varies dynamically between 3 % and 8 % of the total trip cost, reflecting destination, dates and...
Clalit Health Services, Israel’s largest HMO, announced it is probing a suspected cyberattack after the Iranian‑linked group Handala claimed to have breached its systems. The hackers released thousands of documents containing patients' personal and medical information on public platforms. Clalit...
The Council of Insurance Agents & Brokers (CIAB) reports that commercial property‑casualty premiums in Q4 2025 grew a mere 0.2%, the weakest pace since 2017. Nine lines of business, including cyber and workers’ compensation, posted declines, with directors & officers premiums falling 3.8%...
Private mortgage insurers collectively wrote 12% more new insurance in 2025, driven by a sharp rate‑cut‑induced surge in fourth‑quarter originations. While MGIC remained the top writer for the sixth straight quarter, the sector’s share continues to slip to the FHA...
Resilience’s 2025 Cyber Risk Report reveals a decisive shift from ransomware‑focused disruption to extortion attacks that rely on stolen data. Data‑theft‑only extortion claims rose to 65 % of incidents in the second half of last year, turning cyber incidents into multi‑year...
The CPCU Society’s In2Risk 2026 conference will take place in Las Vegas from October 19‑21, featuring the theme “High Stakes. Smart Strategies.” Organizers are accepting educational session proposals from any professional until March 6, with topics ranging from AI and predictive...
A federal lawsuit filed by families of nine children and counselors alleges Texas health officials licensed Camp Mystic without enforcing the state‑required evacuation plan. The suit targets six Department of State Health Services officials, claiming they knowingly approved a camp...
Fixed income specialist Cohen & Company announced that its European subsidiary raised €481.5 million for the PriDe IV subordinated insurance debt fund, the firm’s largest European vintage to date. The fund continues the company’s strategy of providing Tier II capital to small and...
Britain has placed sanctions on New Zealand‑based Maritime Mutual Insurance Association and its Gibraltar affiliate, accusing them of insuring dark‑fleet tankers that transport Iranian and Russian oil. The measures include an asset freeze and the disqualification of company directors. Maritime...
Santam, South Africa's leading insurer, announced the appointment of a senior Munich Re executive as its new chief executive officer. The move follows a strategic review aimed at accelerating growth and deepening reinsurance capabilities. The new CEO brings extensive global...
Harper, an AI‑native insurance brokerage founded by Y Combinator alumnus Dakotah Rice, announced a $46.8 million Series A and seed round led by Emergence Capital. Launched in 2024, the platform automates underwriting, routing, and document collection, enabling it to process over 1,000 policies...
Charter Space has launched the Charter Interplanetary Risk Corporation (CIRC), a nationally licensed brokerage dedicated to providing insurance for space missions and related commercial risks. Building on its mission‑management software and data‑driven risk analytics, CIRC will place policies ranging from...
In 2026 insurers, MGAs and InsurTechs face a shift from tech experimentation to meeting hyper‑instant, personalized customer expectations. Research shows 80% of policyholders will demand real‑time updates and 75% prefer tailored experiences. Executives highlight the rise of "micro‑engagement," the need...
Insurance firms face over $100 billion in annual natural‑disaster losses, prompting a shift toward predict‑and‑prevent technologies. While IoT sensors, fortified building standards, and AI‑driven flood detection are gaining traction, the article highlights a less‑visible opportunity in the cold‑chain supply‑chain. Technova Industries...
Allstate has priced and closed two catastrophe‑bond series, Sanders Re IV Ltd. (2026‑1A) and Sanders Re III Ltd. (2026‑1B), delivering a record $1.2 billion of multi‑peril, multi‑year reinsurance in a single market visit. The issuance comprises four tranches—two four‑year and two...
Hiscox Capital Partners lifted its insurance‑linked securities (ILS) assets under management to $1.5 billion as of 1 January 2026, driven by $330 million of new inflows over the past year. The inflows offset planned capital returns and boosted deployable capital for the January reinsurance...
One year after the Palisades and Eaton wildfires, first‑party property claims are increasingly turning into legal disputes as insurers lag on replacement cost adjustments and customer service. Many carriers initially undervalued rebuild costs in California’s high‑price market, then froze allowances...
Root Inc. reported a record‑setting 2025, with revenue up 29% and net income rising 30% to $40 million, driven by a 1,619% jump in gross written premium and a doubling of policies‑in‑force. The company’s AI‑enhanced pricing lifted average customer lifetime value...
United Fire Group reported a record‑setting 2025 year, delivering $67 million underwriting profit, a 9% rise in net written premium to $1.3 billion, and a combined ratio of 94.8%. Investment income jumped 20% to $98 million, pushing return on equity to 13.7%, the...
Fidelis Insurance Holdings reported its strongest underwriting results to date, posting a 79% combined ratio—its lowest as a public company—and an annualized operating ROAE of 21.4%, up five points year‑over‑year. Gross premiums written rose 8% to $798 million, while the reinsurance...
Amerisafe Inc. reported Q4 2025 earnings with an 11.7% quarterly increase in gross premium written and a 6.7% year‑over‑year rise, driven by strong voluntary premium growth and a 93.7% renewal retention rate. The insurer posted a 18.5% return on equity...
Employers Holdings reported Q4 2025 gross premiums of $156.8 million, an 11% decline driven by weaker new business and audit premiums, while losses and LAE jumped 18.7% to $134.4 million. Net investment income rose 17.6% to $31.4 million after a strategic portfolio rebalancing...
The mental health crisis is evolving, prompting insurers to reassess risk strategies. Philadelphia Insurance Companies (PHLY) highlights a multi‑faceted approach, offering product‑specific resources, alliances, and services such as safety program development, site audits, and interactive web‑based training. These capabilities aim...
At its Galveston meeting, the Texas Windstorm Insurance Association (TWIA) Board voted to purchase reinsurance and catastrophe bonds only up to the statutory 1‑in‑50 year probable maximum loss (PML) level for 2026. The revised funding target of $4.3051 billion translates to...
Cartel violence erupted in Mexico after the killing of leader Nemesio Oseguera Cervantes, halting flights and disrupting tourism in Puerto Vallarta. Tourism, which contributes about 10% of Mexico’s GDP, faces short‑term setbacks and longer‑term perception risks. AM Best issued a negative...
A Texas law, HB 2067, took effect on Jan 1 2026 requiring all property‑and‑casualty insurers to provide written reasons when declining, canceling, or not renewing auto or homeowners policies. The mandate rolls out in three phases—first residential property and private passenger auto, then...
CMS has unveiled a sweeping overhaul of the Medicare Advantage Star Ratings, targeting the 2028 and 2029 rating cycles. The agency will drop 12 administrative and two clinical measures, eliminate the Health Equity Index incentive, and introduce a depression‑screening metric....
Camunda introduced a Skyflow connector that tokenizes and de‑identifies PII/PHI within BPMN workflows. The connector forwards selected fields to Skyflow’s vault, replaces them with tokens, and permits controlled re‑identification only at approved steps. This approach shrinks the cleartext data footprint...
Toronto AI startup General Magic announced a $7.2 million financing round led by Radical Ventures with participation from a16z Speedrun and several angel investors. The company’s agentic AI texting platform automates insurance customer interactions across quoting, coverage queries, and claims, promising...
