Insurance News and Headlines
Insurance News and Headlines
Insurance Pulse
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Every morning
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Extratropical windstorm Nils struck southwest France in mid‑February, generating €586 million (≈$633 million) in insured losses, primarily on property and motor lines. The storm cut power to 900,000 households, caused flooding in the Garonne, Dordogne and Charente basins, and heightened avalanche risk in the Alps. PERILS, the catastrophe‑data aggregator, based its estimate on insurer reports and will release a revised figure on May 13, 2026. The event follows the recent Windstorm Goretti and precedes Storm Pedro, underscoring a volatile season for French insurers.
Aon has broadened its Automated Event Response (AER) platform to cover U.S. severe convective storms (SCS), adding daily loss modeling and real‑time analytics. The move follows 2025 data showing SCS generated $52 billion in U.S. insured losses, the highest‑cost peril of...
Moody’s has kept a negative outlook on the U.S. health‑insurance sector, citing persistent medical‑cost inflation that is crushing profit margins. EBITDA margins have slipped into the low‑single‑digit range as loss ratios climb faster than premium hikes. Insurers are expected to...
The Lagos State government has launched a parametric flood‑risk insurance policy covering up to 4 million vulnerable residents, with a maximum payout of $7.5 million for flood response and recovery. The product is part of the Tripartite Agreement Programme, a public‑private partnership...
GAM Investments announced that its catastrophe bond and insurance‑linked securities (ILS) partnership with Swiss Re’s SRILIAC subsidiary is now fully activated, bringing together multi‑billion‑dollar ILS assets. The co‑management arrangement grants GAM access to Swiss Re’s underwriting expertise, risk management and...
Recent conflicts, from the US‑Israel war on Iran to the Russia‑Ukraine crisis, have highlighted China's dependence on foreign maritime insurance providers. Expert Chen Jihong warned that while China excels in shipbuilding hardware, its "software"—legal and financial services like insurance—remains underdeveloped....
The Trump administration touts recent reductions in Affordable Care Act (ACA) enrollment fraud while unveiling a sweeping set of 2027 regulations aimed at tightening eligibility verification and curbing broker misconduct. Complaints about unauthorized enrollments climbed to 341,906 in 2025, prompting...
A risk prioritization matrix transforms vague risk lists into a structured grid that plots likelihood against business impact, enabling teams to spot the most threatening issues at a glance. The guide outlines a seven‑step process—from building a clean risk inventory...
Law firms are rapidly adopting generative AI for tasks ranging from client chatbots to document drafting, prompting insurers to reassess professional indemnity coverage. While AI promises efficiency, it introduces liability exposures such as hallucinated content, confidentiality breaches, IP infringement, and...
The No Surprises Act, enacted in 2020 to shield patients from unexpected medical bills, relies on an Independent Dispute Resolution (IDR) process when insurers and providers cannot agree on payment. Health‑care leaders now warn that the IDR system is being...
The American Hospital Association (AHA) warns that Anthem’s new facility administrative policy forces hospitals in 12 states to guarantee every physician treating an Anthem enrollee is in‑network. Non‑compliance could cut hospital reimbursements by roughly 10% or result in removal from...
Treasury Secretary Scott Bessent announced that the U.S. insurance and naval‑escort program for vessels transiting the Strait of Hormuz will launch imminently, aiming to revive oil and gas flows that account for roughly one‑fifth of global supply. The initiative, run...
A U.S. District Judge in Georgia ruled that ALPS Property & Casualty Insurance Co. has no duty to defend attorney Jeremy Cohen in a trade‑secret theft lawsuit because the alleged conduct does not fall within the scope of legal services....
The Utah Supreme Court narrowed a century‑old rule barring employer liability waivers, limiting its reach to injuries that occur within the scope of employment. In Deer Valley Resort Co. v. Olson, the court upheld dismissal of vicarious liability claims but...
The National Council on Compensation Insurance (NCCI) reports that hiring slowed dramatically in 2025, with only 116,000 net job gains—the weakest pace outside a recession since 2003. Despite the weak labor market, rising wages kept workers‑compensation payroll growth near pre‑pandemic...
Surety underwriters are tightening criteria as U.S. contractors chase larger megaprojects and face rising labor and material costs. They focus on three pillars—capital, capacity, and character—requiring strong profitability, liquid balance sheets, and disciplined growth. Digital tools are helping evaluate smaller...
Axa XL introduced an environmental combined form that bundles pollution insurance with general liability coverage. The package offers primary limits of $1 million per occurrence and $2 million aggregate, with optional excess up to $25 million for certain businesses. It includes lead excess,...
Aon Affinity’s Nurses Service Organization and CNA have introduced a professional liability policy specifically for certified midwives and certified nurse‑midwives. The coverage protects prenatal, postnatal, gynecological, and labor‑and‑delivery services performed in hospitals or clinical settings. Limits are set at $1 million...
Aviva announced it will launch a U.S. surplus lines business in the second quarter of 2026, operating from a new New York hub. The venture, led by former Everest Insurance CEO Mike Karmilowicz, will underwrite property, casualty and specialty risks through...
A federal judge ruled that Old Republic’s directors‑and‑officers insurance does not cover the antitrust lawsuit against Supernus Pharmaceuticals over its 2020 acquisition of USWM Enterprises. The court held that the policy only applies to securities issued by Supernus or its...
On 26 March 2026 the European Parliament approved the crisis management and deposit insurance (CMDI) package, bundling the Bank Recovery and Resolution Directive, the Single Resolution Mechanism Regulation and the Deposit Guarantee Schemes Directive. The reforms broaden the resolution framework...
A new CB Insights report identifies the 25 most active investors in UK insurtech, who together completed 97 equity deals between 2021 and 2025. Despite a broader slowdown in venture capital, 11% of UK insurtech equity deals involved companies ranked...
Gordon Graham credits the California Highway Patrol (CHP) as the foundation of his 30‑year law‑enforcement career, from a childhood ride‑along to senior leadership roles. His tenure was defined by mentors who prioritized caring for officers, shaping his people‑first leadership style....
Amwins reports that the public‑entity property insurance market stays favorable for buyers, with strong carrier competition, ample capacity and innovative pricing. However, casualty coverage is under pressure from rising nuclear verdicts, reviver statutes and aggressive litigation funding. Proposed FEMA Public...
Direct primary care (DPC) practices have exploded, growing 83 percent since 2018 to over 2,700 sites serving roughly 250,000 patients, and the global market is projected to reach $93 billion by 2034. While DPC delivers longer visits and lower utilization, the migration...
PartnerRe dramatically reduced its risk cessions to the Lorenz Re special‑purpose cells, dropping from $529 million in 2023 to just $155 million in 2025. Correspondingly, the reinsurance recoverable tied to Lorenz fell from $921 million at the end of 2022 to $445 million by...
International insurance markets are entering a new cycle phase, with rates slipping 4% in Q4 2025 – the sixth consecutive quarter of moderation. U.S. casualty lines remain an outlier, seeing price hikes driven by litigation funding and class actions. Meanwhile, heightened...
Algorithmic Insurance Services (LIRG) has arranged a $15 million quota‑share reinsurance deal for New York‑based managing general agent DLT Alert. The capacity backs the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers, with...
SmartSearch warns claims management firms and law practices that the FCA’s motor‑finance compensation scheme will go live after final rules are published on 30 March 2026, initiating a three‑to‑five‑month implementation window. Millions of consumers are expected to receive compensation before year‑end, creating...
The EPA announced a proposal to extend the compliance deadlines for the 2024 TSCA risk‑management rules covering perchloroethylene (PCE) and carbon tetrachloride (CTC). For non‑federal entities, initial monitoring would move to June 21, 2027, with key milestones in September and December 2027. The...
The Centers for Medicare & Medicaid Services (CMS) issued a Request for Information seeking feedback on proposed rules that would tighten ownership and identity verification for Medicare‑enrolled providers and suppliers. The agency is weighing a citizenship or permanent‑resident requirement for...
A Delaware court denied Meta coverage under its Commercial General Liability policy for thousands of lawsuits alleging that Facebook and Instagram were intentionally designed to foster addiction and mental‑health harms. The judge applied a narrow definition of “occurrence,” concluding that...
The House Financial Services Committee unveiled a new legislative package to reform deposit insurance, featuring a revised Main Street Depositor Protection Act that caps coverage for non‑interest‑bearing business accounts at $5 million, down from earlier proposals of $10‑$20 million. The bill delegates...
For the first time in five years, the ACA’s enhanced premium tax credits expire at the end of 2025, restoring the pre‑pandemic subsidy structure. Households earning just above 400% of the federal poverty level—about $62,600 for an individual or $84,600...
MedRisk’s latest trends report shows workers‑comp insurers accelerating injured‑worker treatment while scaling artificial‑intelligence tools beyond pilot projects. AI adoption is driven by rising claim complexity and the need for faster, data‑informed decisions, though many firms still wrestle with data quality,...
The U.S. property‑casualty (P/C) sector posted a $61 billion underwriting gain in 2025, nearly three times the $22 billion recorded in 2024. A stronger combined ratio of 92.6% and a 6% rise in net premiums earned reflected disciplined underwriting and improved pricing...
Verisk’s latest data shows U.S. catastrophe losses fell sharply in 2025, dropping roughly 30% to about $5.5 billion. The decline propelled the domestic property‑casualty market into a net underwriting gain of roughly $1.2 billion, reversing a multi‑year loss trend. Analysts attribute the...
The Florida First District Court of Appeal ruled that the state workers’ compensation statute of limitations is tolled—meaning the two‑year clock stops—while an employee receives benefits and resumes one year after the last payment. This reinterpretation overturns decades of case...
Marsh Risk announced it has arranged insurance coverage for TerraPower’s Kemmerer Unit 1 nuclear plant, the first commercial reactor approved for construction in nearly a decade. The policy involves insurers in the United States, London and Bermuda, as well as nuclear...
On 24 March 2026 the Australian Prudential Regulation Authority (APRA) published its Insurance Climate Vulnerability Assessment, a stress test that projects how climate change could erode home‑insurance affordability through 2050. The analysis models two severe climate scenarios—heightened physical weather risks and costly...
Heat-related injuries are surging, with roughly 34,000 incidents and 479 fatalities between 2011 and 2022, prompting a wave of legislative activity. States such as Arizona, New Hampshire and California are introducing or revisiting bills that require written heat‑illness mitigation plans...
Lloyd’s of London says war risk insurance premiums for commercial vessels have surged to 7.5% of a ship’s value following the outbreak of the Iran conflict. Insurers warn that the cost for the most hazardous voyages could approach 10%, dramatically...
Roofing has moved from a peripheral maintenance task to a central risk‑management priority as insurers tighten underwriting standards and leverage satellite imagery to assess condition. Small, untreated defects can snowball into multi‑million‑dollar losses when storms cause water intrusion, equipment damage,...
Aviva has launched a pilot ChatGPT app that delivers instant home‑insurance quotes within minutes. The app, available through the ChatGPT App Store, asks users basic details—name, address, contact and policy type—to generate a quote for Aviva’s Signature Home Insurance product....
Wisedocs unveiled an AI‑powered decision intelligence platform that automates the entire claims lifecycle, from intake to closure, for insurers, TPAs and legal teams. The solution’s WisePrep, WiseInsights and WiseShare modules classify, deduplicate and analyze documents—handling files over 100,000 pages—while delivering...
Life‑science firms face volatile valuations that can trigger securities lawsuits whenever clinical data or regulatory decisions diverge from investor expectations. Shareholder litigation often begins with books‑and‑records demands after sharp stock declines, exposing directors and officers to costly D&O claims. Berkshire...
IAG, Australia’s largest insurer, is undergoing a sweeping digital transformation to strengthen its response to climate‑driven events and improve customer experience. The initiative consolidates legacy systems, moves to cloud‑native platforms, and integrates AI‑powered claim handling. A strategic partnership with Optus...
Hong Kong insurers are set to raise the risk profile of their investment portfolios, with 92% planning to do so over the next two years. The move is driven by a desire for higher private‑equity and venture‑capital returns, as assets...
The article clarifies how general‑conditions costs are evaluated in builder’s risk claims, separating truly incremental expenses from fixed or duplicated overhead. It presents three typical claim scenarios—repair‑period costs, delay‑only costs, and combined repair‑and‑delay costs—and explains why only incremental or extended...
AXA warns that Thailand’s insurance protection gap, especially in general insurance, hampers economic resilience. While life and health coverage is strong among affluent Thais, low‑income households and many SMEs remain under‑insured against floods, earthquakes and other catastrophes. AXA’s Southeast Asia...
