CurifyLabs raises $14 mn Series A for US pharmacy expansion
Finnish health technology firm CurifyLabs secured $14 mn to expand US operations and advance automated systems for personalized medicine compounding
Insurance News
Latest Insurance news of insurers & global insurance industry. Explore latest insights, trends and breaking insurance market news from Beinsure Media.
Insurance News delivers current updates and outlooks in the insurance industry, section provides timely coverage of significant events, regulatory changes, and market trends that impact insurers and policyholders. It highlights new insurance products, technological advancements, and major mergers or acquisitions within the sector. The focus is on presenting relevant news that affects the insurance landscape, ensuring that readers stay informed about the latest shifts and emerging issues.
Startup EquiLibre reaches €438 mn valuation in Series A
Prague startup EquiLibre raised a Series A at a €438 mn valuation to build a major Central and Eastern European AI compute cluster
UK regulator FCA urged to review AI models used for financial advice
UK regulator faces calls to review ChatGPT, Claude and Gemini as consumer use grows and AI concentration risks deepen
UK calls for global AI safeguards as security risks risev
Yvette Cooper seeks international AI safeguards amid warnings over cyberattacks, autonomous weapons, extremist chatbots and child sexual abuse
Louisiana suspends insurance cancellations after Tropical Storm Arthur
Louisiana Emergency Rule 50 delays policy cancellations, renewals and claim deadlines in seven parishes after Tropical Storm Arthur
Missouri warns drivers as vehicle theft losses top $8 bn
Missouri DCI urges drivers to prevent vehicle theft and review insurance coverage during Vehicle Theft Prevention Month
Farmers Insurance settles TCPA calls case for $2.9 mn
Farmers Insurance agreed to a $2.87mn TCPA settlement over alleged unwanted calls and texts, with claims due July 24, 2026
New Jersey charges 63 in $8 mn luxury car insurance theft case
New Jersey prosecutors charged 63 people over an alleged $8mn auto theft network shipping stolen luxury vehicles to Ghana and Nigeria
Hub International targets $3 bn IPO amid U.S. listing surge
Hub International seeks about $3 bn through an IPO, joining a growing group of private equity-backed companies pursuing U.S. listings
Nord Stream insurers avoid €580 mn claim under war exclusion
A London court ruled Nord Stream pipeline damage resulted from the war in Ukraine, removing a €580mn insurance claim against Lloyd’s and Arch
Iran mandates insurance for vessels transiting Strait of Hormuz
Iran has introduced mandatory insurance requirements for all vessels transiting the Strait of Hormuz, a move that maritime industry observers see as the first step
London marine insurers discuss replacing cancellation notices after wartime cover changes
London marine insurers discuss replacing cancellation notices after wartime cover changes in the Gulf triggered political backlash and disrupted shipping
DFC and MIGA launch political risk insurance for Ukraine fund
DFC and MIGA agreed to create a political risk insurance framework supporting private investment through the U.S.-Ukraine Reconstruction Investment Fund
Florida approves Citizens commercial insurance clearinghouse
Florida approved a new clearinghouse to move Citizens commercial policies into the surplus lines market and expand private insurance participation
Farmers Insurance faces a California class-action lawsuit over rejected tracking cookies
Farmers Insurance faces a California class-action lawsuit alleging it placed third-party cookies after users rejected tracking on its website
ACCC clears Zurich’s £8.1 bn acquisition of Lloyd’s underwriter Beazley
Australia’s ACCC approved Zurich’s £8.1 bn acquisition of Beazley, saying the deal is unlikely to reduce competition in insurance markets
Life insurance settlement payouts reached $627 mn in 2025
LISA members paid consumers $626.6 mn in 2025, with life settlements delivering nearly nine times policy surrender values
North Carolina bans third-party litigation funding in civil cases
North Carolina became the first US state to ban third-party litigation funding in civil suits, targeting lawsuit costs and insurance pressures
FCA censures CACEIS UK as bank agrees £31.7 mn WealthTek payment
CACEIS UK will pay £31.7 mn to WealthTek clients after the FCA found failures in controls over client assets and financial crime risks
New York City advances affordable housing insurance program
New York City selected Pinnacle Actuarial Resources and opened a private-sector RFEI for a city-backed affordable housing insurance program
Allianz warns Iran war could drive major marine insurance claims
Allianz said insurers face major marine claims after ships were damaged during the Iran war, with $125 bn in vessels and cargo trapped in the Persian Gulf
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
FEMA funds Mid-Atlantic hazard mitigation projects
FEMA opened FY 2026 hazard mitigation funding for projects in Delaware, Maryland, Pennsylvania, Virginia and West Virginia
FEMA opens $1.5 bn in preparedness grants for security risks
FEMA made more than $1.5 bn available across seven FY 2026 preparedness grant programmes for terrorism prevention, infrastructure security and resilience
Tesla sued after fatal Model 3 crash into Texas home
Tesla faces a Texas lawsuit after a Model 3 crashed into a Katy home, killing Martha Avila, with claims tied to driver-assistance software
NAIC says Oracle PeopleSoft breach did not expose personal data
NAIC said a PeopleSoft zero-day attack exposed limited data, while investigators found no evidence of stolen personal or payment information
Asia-Pacific cyber insurance faces 135,000 ransomware attacks
INTERPOL’s cyber threat report shows Asia-Pacific insurers face ransomware, scams, DDoS, deepfakes, and widening coverage gaps
Hong Kong’s SFC seeks $150 mn Target Insurance share buyout order
Hong Kong’s SFC seeks a share buyout order against former Target Insurance chairman Ng Yu over alleged fiduciary breaches and fund losses
Canada life insurers use AI to close 42% insurance coverage gap
Manulife and PolicyMe expand AI underwriting as 42% of Canadians lack life insurance or remain unsure about their coverage
Alberta homeowners insurance premiums rise 392% in 20 years
Alberta homeowners insurance premiums rose 391.6% from 2005 to 2025 as hailstorms, wildfires, floods, and rebuilding costs increased claims
Insurance AI hiring rises 32% despite workforce cuts
Insurers hired 32% more AI specialists last year as overall headcount fell 2.2%, according to Evident’s latest sector index
Oklahoma insurance commissioner race heads to runoff
Bob Sullivan and Marty Quinn advance to Oklahoma’s Republican insurance commissioner runoff as rising premiums dominate the campaign
Hormuz war risk insurance costs rise 4,000 times
Ships crossing the Strait of Hormuz face war risk insurance costs 4,000 times higher as mines, missiles, and attack boats threaten transit
Emirates adds $25,000 conflict cover to travel insurance
Emirates launches travel insurance with $25,000 conflict medical cover, hotel stays, rebooking support, and disruption protection
South Korea fines Coupang $409 mn after regulators found weak data controls
South Korea fines Coupang $409 mn after regulators found weak data controls, improper access, and non-consensual data collection
California insurance race narrows to Jane Kim and Ben Allen
Jane Kim and Ben Allen advance in California insurance commissioner race as homeowners insurance reform dominates the 2026 campaign
Georgia judge impeachment targets court handling insurance cases
Two Georgia Republicans seek impeachment of Judge Eleanor Ross after misconduct findings involving chambers conduct and investigators
Florida property tax plan risks $175 bn debt market
S&P warns Florida local governments face credit pressure if voters approve a property tax plan affecting more than half of homes
Coastal flood risk now 12 times higher, study finds
New research finds extreme coastal floods are now 12 times more likely as human-driven climate change pushes sea levels higher worldwide
Ex-Texas police chief loses $14,400 insurance fraud appeal
Federal appeals court affirms fraud conviction of former Texas police chief over burned vehicle, false theft report, and insurance payout
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots for logistics, retail, manufacturing, and warehouse automation
Helsinki startup Rotomate raises €2.1 mn in pre-seed for industrial AI maintenance
Helsinki startup Rotomate raises €2.1 mn to expand AI maintenance software for industrial plants across Finland, Sweden, Germany, Netherlands, and Poland
AI startup Poetic raises $50 mn Series A at $500 mn valuation
Poetic raises $50 mn from Kleiner Perkins, Founders Fund, First Harmonic, and OpenAI to scale enterprise AI workflows
ING and bolttech launch embedded insurance in European markets
ING partners with bolttech to launch embedded insurance across the Netherlands, Italy, Poland, and Belgium through digital banking journeys
94% of US business owners worry their insurance might not fully respond to a specific loss
Gallagher survey shows U.S. business owners are shifting toward proactive risk management across AI, cyber, supply chain, and weather risks
UK insurers move past AI pilots but struggle to scale
Earnix survey shows 55% of UK insurers use AI in business functions, yet execution, governance, and personalisation remain difficult
Florida property insurers face 2026 hurricane test
Fitch says Florida property insurers enter the 2026 hurricane season with stronger capital, better reinsurance, and lower Citizens exposure
ICEYE raises €450 mn in Series F led by General Atlantic at €10 bn valuation
ICEYE secures €450 mn in Series F funding led by General Atlantic to expand SAR satellites, sovereign intelligence systems, and global operations
Google sues Chinese cybercrime group over AI scams
Google says Outsider Enterprise used AI and Telegram to send 2.5 mn scam texts, create fake sites, and target Android users in the U.S.
23andMe data breach victims get $46.75 mn settlement
23andMe bankruptcy plan administrator will pay $46.75 mn to settle data breach litigation, with cyber insurers funding about $13 mn
OpenAI faces state attorneys general investigation
U.S. state attorneys general investigate OpenAI over user data, minors, advertising, engagement practices, and ChatGPT safety claims
War risk models reshape insurance and Wall Street
Investors, banks, and insurers are adapting catastrophe-model methods to forecast war, regime change, shipping disruption, and political violence
U.S. commercial insurance price growth slows to 2.5%
WTW’s CLIPS survey shows U.S. commercial insurance prices rose 2.5% in Q1 2026, with excess liability still leading increases
Insurtech Pace raises $46 mn Series B for AI insurance operations
Insurtech Pace secures $46 mn Series B funding to expand AI agents for insurer workflows, policy servicing, claims, renewals, and submissions
Digital insurer Honeycomb raises $40 mn for AI property underwriting
Honeycomb Insurance raises $40mn led by Zeev Ventures to expand U.S. property coverage, agent tools, products, and AI underwriting
Allianz Partners buys nib travel insurance portfolio
Allianz Partners will acquire major parts of nib’s Australia and New Zealand travel insurance portfolio, including TID and a 20-year distribution deal
Tennessee limits insurer gender questions for minors
Tennessee law bars insurers from requiring doctors to ask minors certain gender identity questions, drawing criticism from LGBTQ advocates
Colorado e-bike crashes raise insurance coverage questions
Colorado e-bike growth creates insurance uncertainty for riders and drivers, with uninsured motorist coverage gaining more attention after accidents
California reviews wildfire deductibles in surplus homeowners insurance policies
California will review surplus homeowners policies after wildfire deductibles left some fire victims facing large out-of-pocket costs after losses
How U.S. homeowners can lower insurance premiums
U.S. homeowners face rising insurance premiums, but policy reviews, deductibles, mitigation work, and shopping around can help control costs
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events
Six months after wind-driven wildfires killed 30 people and destroyed thousands of homes and businesses in and around Los Angeles, the scenes in Altadena and Pacific Palisades remain severe
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance
The rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and extraordinary inflation