Insurance News and Headlines
Insurance News and Headlines
Insurance Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
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 that lifted overall yield by 40 basis points but generated a $40 million after‑tax loss on fixed‑income sales. The company launched an AI‑powered excess workers’ compensation product and cut its expense ratio to 21.7%, citing broader AI deployment. Share repurchases continued at a 20% discount to book value, supporting an 11% rise in book value per share to $51.31.
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...
Financial & Legal, a UK‑based insurer founded in 1995, provides in‑house underwritten After the Event (ATE) and Before the Event (BTE) insurance alongside assistance and ancillary cover. The firm is regulated by the PRA and FCA, fully Solvency II compliant, and...
Congress missed its Jan. 30 deadline to extend ACA subsidies, leaving roughly four million Americans without financial assistance and prompting a surge in uninsured individuals. The lapse underscores a broader health‑care cost crisis that has become a flashpoint ahead of the...
Zurich‑based Plenum Investments announced that its assets under management have topped US$2 billion, roughly doubling the figure achieved in July 2023. The growth stems from four UCITS catastrophe‑bond and insurance‑linked securities funds, which now enjoy institutional‑scale assets. The firm’s organic expansion reflects...
The California FAIR Plan secured a $400 million wildfire reinsurance cat bond from Golden Bear Re Ltd. (Series 2026‑2), priced at a 9.5 % spread and an expected loss of 2.65 %. The single‑tranche issuance runs three years to February 2029 and brings the plan’s...
Goodlord's analysis shows a 41% surge in rental‑insurance demand between September and December 2025 after the Renters’ Rights Bill received Royal Assent. A survey of 234 letting agents and landlords found 76% are now more likely to purchase protection insurance...
Universal Insurance Holdings reported a strong Q4 2025, posting adjusted EPS of $1.36 and a 30.6% adjusted ROE. Core revenue rose 4.9% to $400 million, driven by higher net premiums earned and investment income, while the net loss ratio improved to...
National MI 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, while fourth‑quarter new insurance written hit $14.2 billion, driving total...
International General Insurance Holdings (IGIC) posted Q3 2025 net income of $33.5 million and $94.9 million for the first nine months, delivering a 20% annualized return on equity. The company saw gross premiums written dip 5% in Q3, driven by long‑tail pressure,...
A new ACT survey shows that more than two‑thirds of independent agencies intend to increase AI use within the next 12 months, yet only 8% currently have AI embedded in daily workflows. Operational efficiency (60%) and staff productivity (52%) drive...
McLarens has appointed former Crisis24 executive Kevin Moran as executive general adjuster and U.S. team lead for malicious assailant, war, terrorism and political violence within its crisis management practice. The newly created role will oversee incident investigation and insurance reporting...
AM Best upgraded RLI Group’s financial strength ratings to A++ and its long‑term issuer credit ratings to aa+, reflecting superior balance‑sheet fundamentals and capital management. The insurer reported $1.9 billion policyholder surplus and $264.2 million underwriting income for 2025, marking the 30th consecutive...
CMS has released draft regulations that will reshape Medicare Advantage (MA) and Affordable Care Act (ACA) Marketplace operations beginning in the 2027 compliance year. The proposals tighten enrollment verification, mandate greater cost and benefit transparency, and introduce stricter documentation standards...
Origami Risk hosted an on‑demand webinar titled “Using RMIS as a Strategic Enabler,” highlighting how risk leaders can turn risk‑management information systems (RMIS) data into better business decisions. The session detailed the platform’s ability to aggregate insurance, safety, and claims...
The Florida Insurance Guaranty Association (FIGA) announced it will terminate the 1% emergency assessment on homeowners and commercial policies two years ahead of schedule, effective Oct. 1. The early end is attributed to a calm 2025 hurricane season, absence of insurer...
Volvo Cars announced a recall of 40,323 EX30 electric SUVs after discovering that the high‑voltage battery packs can overheat and pose a fire risk. The recall targets both single‑motor extended‑range and twin‑motor performance variants, requiring replacement of the faulty modules....
Zywave unveiled four AI agents in its Winter 2026 release, already deployed with more than 35 insurance firms. The agents automate prospect identification, lead scoring, research enrichment, and outreach, while new platform features add TurboRater single sign‑on and expanded Benefits CPQ...
The Nevada Division of Insurance approved a 21.6% increase in workers‑compensation loss costs effective March 1, citing state‑specific pressures rather than a national trend. Elevated large losses, flattening claim frequency, rising claim severity, and a $36,000 payroll cap that skews premium...
WTW’s 2026 crisis‑management review shows a sharp rise in politically motivated threats in 2025, with U.S. incidents accounting for two‑thirds of the global surge. Despite active‑assailant attacks and high‑profile assassinations, the U.S. terrorism insurance market softened, delivering average premium cuts...
London‑based airline parts firm director Jose Alejandro Zamora Yrala forged documents to sell tens of thousands of CFM56 engine components, injecting roughly 60,000 suspect parts into the global supply chain. The scheme, spanning January 2019 to December 2023, generated £6.9 million in revenue for...
The European Central Bank has launched a focused inquiry into banks’ exposure to the artificial‑intelligence sector, requesting detailed loan information on data‑center financing and related AI firms. Parallel workshops are probing how banks deploy generative AI, covering governance, business models...
The National Association of Insurance Commissioners (NAIC) unveiled its 2026 strategic priorities, emphasizing stronger capital and investment frameworks, advanced data architecture, heightened disaster resilience, and robust AI model governance. Regulators will pursue a harmonized investment regime, expand analytics capabilities, and...
The U.S. Centers for Medicare & Medicaid Services (CMS) has renewed the Accreditation Commission for Health Care’s (ACH C) deemed status as an accreditor for both hospice providers and critical‑access hospitals. The six‑year renewal, effective through 2031, confirms that ACHC’s standards...
Global Parametrics’ new whitepaper argues that catastrophe bonds and parametric insurance can help bridge the widening humanitarian financing gap, which stands at roughly 36% of the projected $50 billion need in 2024. The report highlights that multi‑year cat bonds can unlock...
Lumen Re, the reinsurance arm of LGT ILS Partners, completed its debut Photon Re Series 2026‑1 catastrophe bond, locking in $175 million of fully‑collateralized retrocession protection against North American peak perils. The issuance was priced below the original guidance, with the...
Prediction markets have evolved from niche mood indicators to liquid platforms handling billions in weekly turnover. Asset managers are increasingly viewing them as direct hedges for event risk that traditional derivatives cannot cover. Regulatory clarity, exemplified by CFTC approval of...
The article outlines ten practical do’s and don’ts for crafting a smart Own Risk and Solvency Assessment (ORSA) report. It highlights that many insurance CEOs, CFOs, and CROs view ORSA as a burdensome compliance exercise rather than a strategic tool....
UK banks are confronting mounting flood‑risk exposure as climate change pushes millions of homes into high‑risk zones. Nationwide led the way by halting loans to flood‑prone properties, prompting peers such as Barclays, NatWest, Lloyds and HSBC to map flood exposure...
Genworth Financial reported a modest Q4 2024 net loss of $1 million but delivered $15 million adjusted operating income, driven largely by Enact’s record $585 million contribution. Full‑year 2024 net income rose to $299 million, bolstered by $378 million pre‑tax statutory earnings and a $355 million...
United Fire Group reported record 2025 results, delivering $67 million underwriting profit and $1.3 billion net written premium, a 9% increase year‑over‑year. The combined ratio fell to 94.8%, and return on equity climbed to 13.7%, the highest in two decades. A 25%...
Erie Indemnity reported a stronger Q3 2025 with the combined ratio improving to 100.6% from 113.7% a year earlier, and net income rising 14% to $183 million. Direct written premiums grew double‑digit year‑to‑date, while policyholder surplus topped $9.6 billion, supporting capital resilience....
Oscar Health reported a 28% revenue jump to $11.7 billion for 2025, driven by strong membership growth that lifted year‑end enrollment to 2 million and a total of 3.4 million members by February 2026. The company posted a $443 million net loss, largely from...
Palomar closed 2025 with a record $2 billion in gross written premium, up 32% year‑over‑year, and delivered adjusted net income of $216.1 million, a 62% increase that exceeded guidance. The company posted a 25.9% adjusted return on equity and a combined ratio...
Ransomware attacks jumped 32% in 2025, targeting manufacturing, health care, education and supply chains, while third‑party breaches accounted for roughly 30% of incidents. The surge has driven a rapid expansion of cyber insurance as companies seek protection against AI‑fuelled threats...
New Jersey lawmakers introduced a bill requiring the Department of Health to create uniform admission contracts for nursing homes and assisted‑living facilities and to restrict Medicaid "assistors" from providing legal or financial guidance. The legislation also mandates clear notification of...
The Canadian Bitcoin Consortium (CBC) has launched Blockchain Insurance Inc., the first association‑based captive insurer dedicated to digital‑asset businesses. Licensed in Alberta in December 2025, the carrier offers member companies up to 25% discounts on premiums, cutting costs that can...
The California 4th District Court of Appeal ruled that workers‑comp benefits are the exclusive remedy for San Diego city employees who alleged asbestos exposure, rejecting the fraudulent concealment exception. The workers claimed the city knowingly exposed them and hid the risk,...
The U.S. Supreme Court issued a 6‑3 decision rejecting President Donald Trump’s authority to impose sweeping tariffs, a move hailed by rating agency AM Best as a relief for the insurance sector. The court’s ruling eliminates the tariff‑related uncertainty that has...
Liberty Mutual announced that Matthew Moore will become president of its Global Risk Solutions division, effective March 6, 2026. Moore, who has served as president of underwriting for GRS and held senior roles across the company’s specialty and reinsurance businesses...
Munich Re Specialty – North America appointed Robin Udhwan as Head of Canada Programs. In this role, Udhwan will oversee underwriting and management of the MGA portfolio, reporting to Claudia Carnevale and Derek Stewart. He brings extensive underwriting and operational...
Mercury Insurance warns that drivers aged 16‑19 are three times more likely to be involved in a fatal crash per mile than drivers 20 and older. National Highway Traffic Safety Administration data and CDC figures show over 2,800 teen deaths...
India extended permission for four Russian marine insurers for one month, allowing them to continue covering tankers calling at Indian ports. The extension comes as India remains the top buyer of Russian seaborne crude in 2025, while facing U.S. pressure...
The Centers for Medicare & Medicaid Services released draft ACA rules for 2027 that could make individual major‑medical coverage cheaper and more attractive. Key changes include broader availability of catastrophic plans, higher annual out‑of‑pocket caps, and the option for monthly...
