Insurance News and Headlines
Insurance News and Headlines
Insurance Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Konkrd, a digital broker founded by former iSelect executives, completed Australia’s first fully autonomous health‑insurance sale using its agentic AI platform. The end‑to‑end process guided a real customer through a needs analysis, policy recommendation, and final purchase without manual intervention, while a human‑in‑the‑loop system ensured compliance. The Autonomous Sales Infrastructure (ASI) audits each step in real time, reading fine print and interpreting regulatory rules. Konkrd plans to extend the same AI‑driven workflow to other regulated services such as energy, telecom and mortgages.
The Delaware Supreme Court reversed a lower‑court dismissal and revived insurers’ claims against Blackbaud for costs incurred after the 2020 ransomware breach. The insurers, who paid more than $2 million for forensic, legal, and credit‑monitoring services, met the state’s notice‑pleading standard...
Munich Re’s primary insurer, Ergo, will eliminate roughly 1,000 positions in Germany, driven by AI automation of routine telephony and claims‑processing tasks. The reductions will be phased over five years, ending in 2030, and support the group’s goal of €600 million...
A wave of strategic moves reshaped the global insurance landscape on Feb. 17, 2026, as Aon secured a major reinsurance appointment and Zurich received an extension on its Beazley bid, while Ardonagh acquired a controlling stake in a Hong Kong...
Aon announced that Nick Fraccalvieri will assume the role of CEO of global facultative for its Reinsurance Solutions division effective March 1, succeeding Andrew Laing after a decade at the helm. Laing will transition to UK CEO of Reinsurance Solutions while retaining his...
A new study presents a cloud‑native microservice architecture designed for insurance analytics, leveraging Docker, Kubernetes, Kafka, and Spark to replace legacy monolithic systems. The design enables real‑time data ingestion, continuous AI model deployment, and automated scaling across services. Performance tests...
Most Wisconsin dairy producers have yet to enroll in the USDA’s Dairy Margin Coverage (DMC) program, with only 1,616 of the state’s 5,116 licensed farms—31.5%—signed up as of Feb 17. The enrollment deadline is Feb 26, prompting FSA officials and risk‑management advisors...
The U.S. Department of Labor’s Occupational Safety and Health Administration ordered two Houston construction firms, Rise Construction LLC and Niko Group LLC, to reinstate two workers they fired for raising asbestos safety concerns during a hotel repair after Hurricane Beryl....
Bayer AG is set to announce a $10.5 billion settlement initiative to resolve Roundup litigation, combining a $7.5 billion class‑action proposal in Missouri with $3 billion for existing U.S. cases. The German conglomerate has already spent more than $10 billion on verdicts and settlements...
Legal & General Investment Management will keep its catastrophe‑bond exposure despite recent spread compression. The firm’s portfolio, estimated at a minimum of $400 million, remains in diversified multi‑asset funds while it waits for more attractive entry points. Turner and Dietz note...
In a recent InsuranceAUM interview, Chris Gudmastad, Head of Private Credit, discusses the growing convergence between public and private credit markets. He highlights how blended financing structures are blurring traditional asset class boundaries and reshaping investment opportunities. The conversation underscores...
Vanessa Slowey, CEO of TelyRx, highlights a growing shift as millions of Americans, burdened by rising premiums, limited ACA subsidies and fragile telehealth policies, are opting for cash‑pay digital care. Uninsured rates sit at 27 million, and roughly one‑quarter of insured...
Florida Attorney General announced the arrest of six suspects linked to an organized cargo theft ring responsible for 32 cargo thefts and one vessel theft across six counties, causing nearly $7.8 million in losses. The ring, classified as a Major...
Intrepid Travel, the B Corp‑certified adventure operator, has signed the Safer Tourism Pledge, the travel industry’s leading framework for traveller risk, health and safety. The company runs more than 900 small‑group trips in over 120 countries, and the pledge adds...
Lockton Re, together with Lockton International and Armilla AI, released a report urging insurers to treat artificial intelligence as a distinct risk class. The study maps AI‑related exposures across cyber, errors‑and‑omissions, casualty, D&O and employment lines, exposing coverage silences and...
A ValuePenguin study finds that a median‑income American household would need to allocate about 7.3% of earnings to afford a two‑milligram monthly supply of Ozempic, the flagship GLP‑1 weight‑loss drug. In the poorest states, the cost can approach one‑tenth of...
Experian has launched an Insurance Marketplace app on ChatGPT, enabling users to compare auto insurance rates from 37 carriers via conversational AI. The service offers real‑time quotes, customized recommendations, and leverages Experian’s data expertise. The company says the tool could...
AIG announced that its generative‑AI platform, AIG Assist, has dramatically outperformed the aspirational goals set at last year’s Investor Day. The tool now handles over 370,000 commercial‑line submissions, edging toward a 500,000 target for 2030, while cutting processing time without...
Challenger Life, an Australian life insurer, reported that its catastrophe bond and broader insurance‑linked securities (ILS) investments outperformed the Plenum CAT Bond UCITS Fund Index over the last six months. The cat bond segment delivered a return above the index’s...
Convenience has made ultra‑processed foods a staple, but emerging scientific evidence links them to chronic diseases and early‑onset cancers. A CDC study shows children obtain roughly 62% of daily calories from these products, prompting early product‑liability and public‑nuisance lawsuits. Casualty...
Brian Deephouse, chief actuary at Auto Club Enterprises, was elected chair of the Insurance Institute for Highway Safety (IIHS) board for 2026, succeeding Allstate’s Ginger Purgatorio. Dawn Lee, PEMCO Mutual’s chief product and underwriting officer, will continue as chair of...
OpenAI’s latest IRS filing removed the word “safely” from its mission, replacing it with a broader pledge to benefit all of humanity. The change coincided with a legal restructuring that split the organization into a nonprofit foundation and a for‑profit...
California’s surplus lines market is undergoing a structural shift accelerated by the 2025 Los Angeles wildfires. The Surplus Line Association of California reports surplus‑line policies have jumped over 500%, rising from about 50,000 in 2023 to 320,000 in 2025, while standard...
Radiology societies, led by the Society of Interventional Radiology, have asked Cigna to reverse policy 0539, which labels implantable peripheral nerve stimulation (PNS) for chronic pain as medically unnecessary. The groups cite robust randomized trials, FDA clearance, and a favorable...
UK‑based AI InsurTech mea Platform announced a €42.2 million minority growth equity investment from SEP to accelerate product development and customer engagement. The company, founded in 2021, has remained bootstrapped and profitable for four consecutive years. Its domain‑specific AI platform, already...
Medicare Advantage insurers are confronting a perfect storm of rising medical costs and a flat payment increase of less than 1% announced by CMS for 2026. The new risk‑adjustment formula and stagnant reimbursement fall below the medical‑cost trend, compressing margins...
Telefónica Tech is launching a unified digital identity platform for Spain’s insurance sector, enabling secure, self‑sovereign access to digital services. The initiative builds on a 2023 European trial and integrates cloud, IoT, big‑data and blockchain capabilities. Partnering with the insurance...
Employers who actively manage workers’ compensation claims can dramatically lower expenses, according to Kinetic Insurance’s new guide. Reporting injuries within 24‑48 hours reduces medical utilization and litigation risk, while delayed reporting can increase costs by 30‑40 percent. The guide identifies...
Insurance Australia Group (IAG) warned Australian policyholders of upcoming premium increases after a wave of severe weather events strained its loss portfolio. Over four months, 17 storms and bushfires across Queensland triggered A$800 million in claims for RACQ Insurance, which IAG...
IRB Brasil Resseguros SA reported a 35% jump in net income to 505 million Brazilian reais ($97 million) for 2025. Underwriting profit surged 64% year‑over‑year to 741 million reais, while written premiums fell 12% to 5.8 billion reais. The premium decline reflects a wave...
Spain‑based Mapfre Re Compañía de Reaseguros SA has secured regulatory approval to open a branch in Gujarat, India. The reinsurer plans to commence operations within weeks after completing pre‑opening procedures with local authorities. This marks Mapfre Re’s first dedicated presence...
MS Amlin reported a 380% jump in gross written premiums, marking a dramatic turnaround for the Lloyd’s syndicate. The surge stems from robust growth in specialty underwriting and reinsurance contracts across Europe and Asia. The company also highlighted improved loss...
Insurance Revolution has teamed with CM.com to embed WhatsApp into its broker workflow via the Mobile Service Cloud. The move has driven a 50‑fold rise in message volume, cut email traffic by 22% and reduced calls per agent by 11%....
The editorial highlights a surge of insurance‑broker poaching lawsuits, ignited by Howden’s aggressive hiring of hundreds of producers from rivals. It exposes a broken industry approach to employee mobility, where firms cling to proprietary data while brokers argue their client...
Insurance brokerage M&A activity has settled into a lower‑than‑peak but sustainable level. Total reported transactions fell 12% in 2025 to 691, aligning with a ten‑year average of 686 when the 2021‑22 surge is excluded. Private‑equity‑backed (PE‑hybrid) firms continue to dominate,...
Mixed-use mega venues such as SoFi Stadium and The Sphere are expanding beyond traditional sports arenas to include retail, dining, residential, and high‑tech features. This diversification creates broader, more complex liability exposures, prompting owners to purchase higher limits and layered...
Risk & Insurance Management Society (RIMS) has elected Manny Padilla, a veteran risk executive at MacAndrews & Forbes, as its 2026 president. Padilla, who transitioned from the U.S. Navy and Coast Guard Auxiliary to insurance, emphasizes that risk management is...
Securities class-action lawsuits are emerging as tariff uncertainty under the Trump administration creates new D&O exposure. Although overall federal securities filings fell 10.7% in 2025, four suits specifically cited tariff‑related misstatements, targeting companies such as Dow, CarMax and Tronox. Insurers...
Business Insurance has partnered with Litmus Analysis to publish a composite rating table for North American commercial‑line insurers. Litmus uses its proprietary Litmus Composite Score (LCS) to blend A.M. Best, Fitch, Moody’s and S&P ratings into a single numerical outcome,...
Shepherds Friendly surveyed 1,500 workers and found that younger employees are the least likely to have income protection and have the lowest awareness of policy coverage. Six in ten respondents don’t realize the policy can cover mental health, and 69%...
CMS issued new guidance that widens the grandfathering window for Medicaid state‑directed payments (SDPs), allowing states to lock in higher rates through business‑day calculations. The expanded windows—Oct 11 2024 to July 3 2025 and July 7 2025 to March 27 2026—let providers preserve rates above the caps that...
Oklahoma’s insurance commissioner announced that the state will abandon the federal health‑insurance marketplace and launch a decentralized, state‑run exchange beginning in the 2028 plan year. The new platform will rely on web‑based brokers to handle enrollment, giving the state greater...
Open enrollment for the Affordable Care Act closed in February, revealing the first impact of the December 31, 2025 expiration of enhanced premium subsidies. While total sign‑ups exceeded some analysts' forecasts, enrollment was still 1.2 million lower than the same period...
Telehealth and wellness brand Hims & Hers Health announced it will enter the multi‑cancer early‑detection market. The move comes as the company’s GLP‑1 weight‑loss segment slows and it seeks new growth avenues. Hims is leveraging the current regulatory gap for...
New data from the Danish Maritime Authority shows that 292 EU‑sanctioned Russian tankers sailed through the Øresund, Great Belt and Skagerrak in 2025, confirming the Danish straits as a critical gateway for Russia’s shadow fleet. The fleet has expanded since...
Jim Marcoulier has been promoted to director of underwriting at A.I.M. Mutual Insurance Companies, a workers’ compensation carrier based in Burlington, Massachusetts. Previously a senior underwriting manager, he will now oversee underwriting operations across New England and report directly to...
Venbrook Group LLC announced the appointment of Awais Farooq as chief claims officer, effective immediately. Farooq arrives with nearly two decades of experience leading claims transformation at firms such as Crawford & Company, State Farm, Chubb, and Berkshire Hathaway GUARD....
Marsh Risk has created a new global supply chain practice and appointed James Crask as its leader. The role merges the firm’s supply‑chain insurance and risk‑consulting capabilities with advanced analytics, notably the AI‑driven mapping platform Sentrisk. Crask, based in London,...
Aon PLC appointed Joe Peiser as CEO of Risk Capital, overseeing Commercial Risk and Reinsurance Solutions and reporting to Andy Marcell, Global Solutions CEO. Peiser brings more than 30 years of experience across North America, the UK and Bermuda, having served as...
Voya announced an average 24% increase in stop‑loss premiums for employers renewing on Jan. 1, citing strong demand and limited supply. The company’s loss ratio improved to 96% from 115.4% a year earlier, though it still exceeds its 77‑80% target. Stop‑loss...
