Landlord Insurance: Failures & The Truth Investors Are Never Told
Many real estate investors rely on landlord insurance, assuming it shields them from all risks. In reality, policies are riddled with exclusions—habitability, environmental, vacancy, and claim reclassification—that can void coverage when a claim arises. The article warns that insurance alone is insufficient and recommends combining detailed policy review with asset protection structures such as separate LLCs. Anderson Business Advisors offers free consultations to help investors design comprehensive protection plans.
Trump’s Beautiful Bill Puts 446 Hospitals At Risk Of Closing. Here’s The Full List
President Donald Trump signed the One Big Beautiful Bill Act on July 4, 2025, slashing Medicaid and CHIP funding and imposing new work‑requirement rules. A March 2026 Public Citizen analysis flagged 446 hospitals—representing 69,000 beds, 6.6 million patients and roughly 275,000...
Mapfre Re Targets Low-End Pricing for $200m Recoletos Re 2026-1 Cat Bond
Mapfre Re is targeting the low‑end of its pricing guidance for the $200 million Recoletos Re DAC Series 2026‑1 catastrophe bond, fixing the spread at 4.25% after a prior range of 4.25‑4.75%. The bond will provide indemnity‑triggered retrocession protection for all U.S....
Zurich Malaysia Fined for Sanctions Screening Failures
Zurich General Insurance Malaysia (ZGIMB) and Zurich General Takaful Malaysia (ZGTMB) were hit with Administrative Monetary Penalties of RM1,040,000 and RM520,000 respectively, totalling RM1.56 million (approximately $343,000). The fines stem from outdated sanctions screening databases that allowed prohibited entities onto the...
Allstate Buys Nationwide Occurrence Reinsurance to $11.5bn, Gets $1bn New Aggregate Cover
Allstate’s April 2026 reinsurance renewal lifted its Nationwide per‑occurrence excess catastrophe tower to a record $11.5 billion, while securing a new $1 billion aggregate excess reinsurance program covering all property and auto lines, including Florida. The move follows a series of incremental...
Jamaica Returns for New $150m World Bank Cat Bond to Replace Coverage Triggered by Melissa
Jamaica is issuing a $150 million parametric catastrophe bond through the World Bank’s IBRD, slated for a 2026‑2030 term. The new CAR Jamaica 2026 bond replaces the coverage that paid out after Hurricane Melissa triggered the 2024 issuance. It uses a...
Australia’s APRA Issues AI Risk Warning to Banks and Insurers
APRA issued an AI risk warning to banks, insurers and superannuation trustees, highlighting that governance, risk management and operational resilience have not kept pace with rapid AI adoption. The regulator’s supervisory review found fragmented assurance practices, limited model transparency and...
Apologetic Insurer Claims Customers Were Not Tricked in Renewal Notices
The Australian Securities and Investments Commission (ASIC) has sued RACQ over more than 434,000 insurance renewal notices that listed a “last period premium” inconsistent with what customers actually paid. The regulator alleges up to 70% of those notices overstated prior...
Allstate Quarterly Profit Jumps on Sharp Drop in Catastrophe Losses
Allstate’s first‑quarter profit surged to $2.43 billion, driven by a dramatic reduction in catastrophe losses that fell to $1.24 billion, down from $2.20 billion a year earlier. The insurer’s property‑liability combined ratio improved to 82%, well under the 97.4% ratio recorded in the...
Sixth Circuit, Sitting En Banc, Rejects Class Certification in Auto Insurance Total Loss Case
The Sixth Circuit sitting en banc denied class certification in Clippinger v. State Farm, holding that plaintiffs cannot base a class on a single challenge to the insurer’s typical negotiation adjustment (TNA). The 10‑7 ruling aligns the Sixth Circuit with...
Mississippi Federal Court Finds Social Engineering Endorsement Required Pre-Existing Business Relationship
A Mississippi federal court ruled that a law firm’s cyber policy did not cover a $158,850 wire fraud because the social‑engineering endorsement required the imposter to pose as an existing client, not a fabricated one. The court held the endorsement’s...
Report: Cargo Thieves Grow More Sophisticated
The 2025 Global Cargo Theft Report by TT Club and BSI Consulting shows thieves using coordinated, intelligence‑driven tactics across road, rail, sea and digital channels. Trucks still account for about 70 % of incidents, while insiders are involved in 22 % of...
Everest Reports First Quarter 2026 Results
Everest Group posted a strong first‑quarter 2026, delivering $653 million net income, or $16.21 per share, more than triple the prior‑year figure. Gross written premium slipped 18.5% to $3.6 billion, yet the combined ratio improved to 91.2%, reflecting disciplined underwriting. Investment income...
Payment Models Taking Shape for Advanced Therapies: Fran Gregory, PharmD
Advanced therapies priced up to $4 million are prompting a rethink of how they are funded. Fran Gregory of Cardinal Health says the gap between limited launch data and payer expectations can be bridged with robust real‑world evidence. The company is...
Understanding Prepaid Insurance: Definition, Benefits & Examples
Prepaid insurance is an advance payment for future coverage that appears on a company’s balance sheet as a current asset until the policy period begins. As the coverage period progresses, the asset is systematically re‑classified to insurance expense, typically on...
California Comp Audits Cite $1M in Assessable Penalties
California’s Division of Workers’ Compensation Audit & Enforcement Unit reported $1.01 million in assessable administrative penalties after completing 40 audits of insurers, self‑insured employers and third‑party administrators in 2024. The audits covered 2,698 claim files, cited 4,531 violations and generated $1.35 million...
Willis Unveils Specialty Cover for M&A Transactions
Willis Towers Watson’s retail broking arm launched Merger Protect, a specialty insurance product that reimburses costs tied to U.S. antitrust reviews under the Hart‑Scott‑Rodino Act. The coverage is available to buyers, sellers and their advisers on transactions valued at $5 million...
Productivity Top Outcome of Managing Risk: Marsh
Marsh’s 2025 risk‑management survey of 4,517 HR and risk leaders found that 40% of respondents view increased workforce productivity as the primary benefit of effective risk mitigation. A close second, 36%, said managing risk accelerates strategic initiatives such as AI...
Independent Agents Can Get Appointed to Sell Root Auto Insurance in One Day
Root Insurance unveiled a 24‑hour agent appointment program that lets independent agents complete onboarding and begin selling policies within a single day. The initiative, launched in 2025, has already added roughly 7,500 agents, including 2,400 in 2026, bringing the total...
Bank of England to Curb Offshore Life Insurance Trades
The Bank of England’s Prudential Regulation Authority announced a plan to raise the capital charge on funded reinsurance deals to roughly 10%, up from the current 2‑4% range. The move targets roughly £40 billion ($54 billion) of existing exposure, which the PRA...
Virginia Enacts Paid Family and Medical Leave Program to Apply to Most Private Employers
Virginia enacted a state‑administered paid family and medical leave (PFML) program that will cover most private employers. The Virginia Employment Commission must launch the insurance trust fund by January 1 2028, with payroll contributions starting April 1 2028 and benefits payable beginning December 1 2028. Eligible...
Gas Prices, Wildfire, Insurance, Climate — What Each Gubernatorial Candidate Said Last Night
California’s gubernatorial debate highlighted a worsening wildfire‑insurance crisis as insurers retreat amid rising climate‑driven risks. Candidates offered divergent fixes, from Tony Thurmond’s plan to withhold subsidies from non‑cooperative insurers to Chad Bianco’s call for stricter vegetation‑management policies. Tom Steyer pushed...
RenaissanceRe’s Bottom Line Rebounds
RenaissanceRe reported a sharp rebound in its first‑quarter 2026 earnings, posting a net profit of $210 million versus a $50 million loss a year earlier. Revenue climbed to $1.2 billion, driven by stronger underwriting results and $120 million of investment income. The combined ratio...
A Guide to Car Insurance In Dubai For International Businesses
International businesses operating in Dubai must treat car insurance as a strategic risk‑management tool rather than a mere compliance tick‑box. While the emirate mandates third‑party liability coverage, most firms quickly adopt broader policies to curb financial volatility and limit downtime....
California Adopts Rules Allowing Testing And Deployment of Heavy-Duty AVs
The California Department of Motor Vehicles approved new regulations that lift the ban on autonomous vehicles over 10,001 pounds, allowing heavy‑duty driverless trucks to be tested and eventually deployed on state roads. Manufacturers must start testing with a safety driver,...
Why the GLP-1 Boom Has a Litigation Wave Right Behind It
GLP‑1 receptor agonists such as semaglutide and tirzepatide have surged from diabetes treatment to popular weight‑loss drugs, creating a multi‑billion‑dollar market. Their rapid adoption across physician offices, weight‑loss centers, compounding pharmacies, and online platforms has exposed gaps in patient screening,...
D&O Market Stabilizes as Litigation Severity Surges
The D&O insurance market for REITs is stabilizing after a prolonged soft cycle. While securities class‑action filings dropped 9% in 2025, total disclosure losses surged to a record $694 billion, a 62% year‑over‑year increase driven by higher market caps and defense...
Trump’s Medicaid Fraud Crackdown May Sound Sensible, but It Could Harm Americans Who Require Long-Term Care
CMS Administrator Mehmet Oz announced a nationwide push for states to revalidate Medicaid providers deemed high‑risk, targeting home‑and‑community‑based services. The directive follows Trump‑era enforcement actions that have already threatened to withhold funds from states such as Minnesota, New York, California and...
Palomar Raises Target for Torrey Pines Re 2026-1 Catastrophe Bond to as Much as $410m
Palomar Insurance Holdings has increased the size of its Torrey Pines Re 2026-1 catastrophe bond to a target range of $380 million‑$410 million, up from the original $375 million request. The issuance comprises four tranches—three for California earthquake risk and one for Hawaii...
Federal Employees Health Benefits Program: Additional Actions Needed to Address Significant Risks in Verifying Provider Eligibility
The Government Accountability Office found that OPM’s control activities allow ineligible providers to submit claims to the Federal Employees Health Benefits (FEHB) program. GAO identified roughly 400 claims from deceased providers and more than 2,000 claims from providers excluded from...
Is Your State Becoming Uninsurable? We Have the Latest Data.
A new Insurify report shows U.S. homeowner insurance premiums jumped 12% last year to $2,948 and are set to rise another 4% in 2026, outpacing inflation. The surge is driven by escalating climate‑related losses, with states such as California, Georgia,...
Convex Reduces Hypatia 2026-1 Retro Cat Bond Size Target to Between $150m – $175m
Convex Group has lowered its target for the Hypatia Ltd. Series 2026‑1 catastrophe bond to a retrocession range of $150 million to $175 million. The tranche of Class A notes will be priced at the midpoint of the original guidance, roughly a 5%...
How Underwriting Can Support South Africa’s Efforts Against Non-Performing Contractors
South Africa’s Minister of Public Works blacklisted 52 construction firms for corruption and poor performance, marking a shift toward stricter accountability. The move highlights the limits of punitive measures alone, as under‑performing contractors can re‑emerge under new entities. Industry experts...
UK Gov to Legislate for Risk Transformation and ILS Flexibility to Promote Innovation and Growth
The UK Treasury will push primary and secondary legislation to make the risk transformation regime for insurance‑linked securities (ILS) more flexible. Reforms will loosen funding rules, allowing the PRA to waive full paid‑in capital, and broaden authorisation processes for insurance...
USAA Now Targets up to $825m of Reinsurance From Residential Re 2026-1 Cat Bond
USAA has increased its target for the Residential Re 2026‑1 catastrophe bond to between $800 million and $825 million, making it potentially the insurer’s largest ever cat‑bond sponsorship. The issuance comprises three tranches – a $150 million Class 14 aggregate, a $150‑$175 million Class 15 aggregate,...
Radiologists Implore HHS to Punish Payers Who Undermine Surprise-Billing Protections
More than 100 specialty societies, led by radiology groups, wrote to the U.S. Health and Human Services, Labor and Treasury departments urging stricter enforcement of the No Surprises Act. They allege insurers are sidestepping the law by shifting costs to...
TT Club Extends War Risk Cover for Containers on Land in Middle East
TT Club announced an "exceptional policy change" that extends marine war‑risk insurance to cover containers while on land in the Gulf and broader Middle East. The new cover supplements existing ship‑, voyage‑, and port‑call protection, allowing shippers to insure rail...
Travelers Returns with $500m Target for New Long Point Re IV 2026-1 Cat Bond
Travelers Companies is re‑entering the catastrophe‑bond market with a $500 million target for the Long Point Re IV 2026‑1 issuance, a multi‑peril reinsurance deal covering the Northeastern United States. The bond will issue a single Class A tranche, attaching at $2.85 billion of losses...
Policy Paper: Changes to the Risk Transformation Regulations
The UK government has released a policy paper outlining reforms to the Risk Transformation Regulations, targeting the insurance‑linked securities (ILS) and captive insurance sectors. The proposals introduce more flexible funding and streamlined authorisation for transformer vehicles, and allow protected cell...
Scope of Insurers Subject to Recovery and Resolution Planning Requirements in the Key Attributes: Overview of Consultation Responses
The Financial Stability Board released its final report on the scope of insurers subject to recovery and resolution planning (RRP) in the FSB Key Attributes, incorporating feedback from nine public and private stakeholders. The consultation, launched in November 2025 and closed...
Identification of Critical Functions of Insurers: Practices Paper – Revised Version
The revised Practices Paper examines how Australia, China, France and the Netherlands identify insurers' critical functions for resolution planning. It compares each jurisdiction’s policy background, scope, methodology and review process, and lists the core functions—such as policy issuance, claims handling...
Key Attributes Assessment Methodology for the Insurance Sector: Revised Version
On 29 April 2026 the Financial Stability Board released a revised Methodology for assessing a jurisdiction’s insurance resolution framework. The paper updates the definition of a “critical function” and aligns the sector‑specific criteria with the FSB’s Key Attributes of Effective Resolution Regimes....
Developing Effective Resolution Strategies and Plans for Systemically Important Insurers: Revised Version
The Financial Stability Board released a revised guidance on resolution strategies for global systemically important insurers. It stresses that a credible plan must preserve essential economic functions, protect policy‑holders, and avoid taxpayer bailouts by ensuring shareholders and unsecured creditors bear...
Rational Market? How About ‘Dumb’ and ‘Bizarre’?
In Q1 earnings calls, W.R. Berkley’s CEO warned that standard carriers are chasing marginal property business at steep discounts, while Chubb’s CEO described a "dumb" softening of large‑account property pricing and disclosed a 14% drop on shared‑layered accounts. The Hartford highlighted...
IIHS: Speeders Are More Likely to Be on Their Cellphones Too
The Insurance Institute for Highway Safety (IIHS) found that drivers who exceed speed limits are also more likely to use their cellphones. For every 5 mph over the limit, phone‑handling time rises 12% on limited‑access roads and 3% on arterial streets....
Ategrity Specialty Insurance Company Holdings (ASIC) Q1 2026 Earnings Call Transcript
Ategrity Specialty Insurance Company Holdings reported record Q1 2026 results, with adjusted net income jumping to $25.6 million and gross written premiums up 23.1% year‑over‑year. The combined ratio improved to 87.4%, reflecting stronger loss and expense ratios, while fee income tripled...
Can Agentic AI (Finally) Modernize Core Technologies in Insurance?
Insurers have long struggled to modernize legacy core systems, citing complexity, cost and risk. Agentic AI—autonomous software agents that can reverse‑engineer code, generate configurations, run tests and orchestrate cutover—promises to reshape the modernization cost curve. McKinsey’s analysis shows productivity gains...
Employers Holdings Inc (EIG) Q1 2026 Earnings Call Transcript
Employers Holdings reported Q1 2026 results showing an 11% drop in gross premiums to $156.8 million, while losses and LAE rose 18.7% to $134.4 million. Net investment income jumped 17.6% to $31.4 million after strong private‑equity returns, but a $40...
Everest Group Ltd (EG) Q1 2026 Earnings Call Transcript
Everest Re Group reported a strong start to 2021, posting $342 million net income and a 15% annualized return on equity. Gross written premiums rose 14% YoY, while the combined ratio improved to 98.1% despite significant U.S. winter storm and Australian...
AXIS Capital Holdings Ltd (AXS) Q1 2026 Earnings Call Transcript
Axis Capital reported a strong Q1 2021, with gross premiums written up 17% to $1.1 billion and net income of $116 million, delivering a 9.9% annualized ROE. The insurer’s combined ratio improved to 88% ex‑cat, while the reinsurance segment saw a 4%...