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.
The Connecticut Supreme Court ruled that passengers injured in a rental car crash can claim uninsured motorist benefits under the driver’s Progressive policy when bodily injury coverage applies to the rental vehicle
Albertsons will pay $774 mn over nine years to settle opioid claims, taking a roughly $600 mn charge that pushed the grocer to a quarterly loss
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
A cyber incident at EBR Systems points to a wider rise in targeted attacks across Australia, where healthcare data carries high value and breach fallout often extends well beyond initial disruption
S&P Global Ratings said insurance demand tied to data center construction could reach $10 bn in premiums in 2026 as AI-driven expansion reshapes risk markets
PERILS raised its second industry loss estimate for the January 2026 Victoria bushfires to AUD 810 mn, with a further update due in July
WTW said general aviation insurance stayed competitive in early 2026, though major losses, M&A activity and reinsurance pressure could tighten capacity and slow rate reductions
EIOPA and the ESM proposed an EU-wide catastrophe risk-sharing framework to improve insurance access, support affordability and keep private insurers at the centre
Verisk reported lower insurance claim volumes in 2025, though wildfire, motor theft, gig work and newer liability risks drove tougher loss patterns
Vienna Insurance Group approved board changes across the group, Wiener Städtische Versicherung and DONAU Versicherung, with all appointments taking effect on 1 July 2026
Aon increased its Data Center Lifecycle Insurance Program to $3.5 bn, adding coverage for operational data centers as digital infrastructure risks grow
Standard Life agreed to acquire Aegon UK for £2bn, creating the UK’s largest retirement savings and income business with 16mn customers
S&P Global completed its acquisition of Enertel AI, adding short-term AI-driven power price forecasting to its long-term energy market analytics
Federal prosecutors charged three associates of Frank Carone in an alleged no-fault insurance fraud scheme, while Carone said he and his firm were victims too
A federal judge allowed providers’ antitrust case against Zelis, Aetna, Cigna, Elevance, Humana, and UnitedHealth to proceed over out-of-network payment claims
Hartford agreed to contribute $100 mn toward clergy abuse survivor claims in the Baltimore archdiocese bankruptcy, pending court approval of a reorganization plan
A court-appointed special master recommended about $1.6 bn in restitution for victims tied to Greg Lindberg’s insurance fraud, narrowing who qualifies for payment
Illinois lawmakers are weighing insurance reforms aimed at rate oversight, fairer pricing, and stronger consumer protections as auto coverage costs climb
Rising medical costs and higher insurance premiums pushed healthcare back to the top of US domestic concerns, with affordability now outpacing the economy
Brittni Mealy asked a Georgia court to hold Future in contempt, alleging he failed to secure a $500,000 life insurance policy for their son Prince
A Missouri federal court ruled Mount Vernon owed no more than $875,000 on a $2.5 mn church fire policy after the insured failed to support its claim under the policy terms
India is preparing sovereign support for marine insurers as Gulf war-risk premiums surge, with proposed backstops worth $1.8 bn to keep cover in place
Minnesota posted the biggest rise in US homeowner insurance premiums, with costs up 34% as severe weather, repair expenses, and aging homes pushed rates higher
CMS raised 2027 Medicare Advantage payments by 2.48% on average, with risk-model changes pushing the total increase near 5% and insurer shares jumping
DFC and Chubb added six US insurance partners, doubling maritime reinsurance capacity to $40 bn to support trade through the Strait of Hormuz
Farmers plans to add nearly 1,700 agency owners, launch an Elite program for well-capitalized recruits, and expand growth across underrepresented markets
Georgia lawmakers passed a bill allowing property owners to seek damages from local governments over alleged failures to enforce camping and immigration rules
A Texas insurance investigator and analyst helped identify and track a Russian national accused of filing $400 mn in fake Medicare claims
NHTSA closed its probe into Tesla’s Smart Summon feature after finding about 100 low-speed crashes caused minor property damage and no injuries
Deere agreed to a $99 mn settlement over repair access claims and said it will provide digital repair tools for large farm equipment for 10 years
Jones Day said a phishing attack exposed dated files tied to 10 clients, as the Silent cybercrime group claimed responsibility for the breach
Moody’s said Allianz, AXA, Generali and Zurich posted strong 2025 results, though weaker pricing momentum and rising geopolitical risk threaten earnings growth
Allianz says severe convective storms are driving heavy insured losses, with hail as a major factor and AI becoming more important in resilience planning
Fitch said US mortgage insurers delivered a 7.7% loss ratio in 2025, helped by reserve releases, stable home values, and continued high policy persistency
KYND says privacy lawsuits tied to website tracking are rising fast, with SMBs showing higher exposure and insurers facing a harder-to-detect accumulation risk
Fitch says private credit disclosure is rising in North America, though the market remains largely opaque, especially around links to the wider financial system
The Geneva Association says cyber threats are rising faster than many firms can manage, with cyber insurance still underused as a resilience tool, especially among SMEs
WTW said 12 mega deals worth $10 bn or more closed in Q1 2026, pushing total completed deal value to a five-year high of $438 bn
Insured losses from the March 2025 ice storm in Ontario and Quebec reached CAD 466mn, sharpening calls for stronger resilience planning across Canada
Acrisure UK Broking acquired Confidas, Heathwoods, Marrs and Smith Greenfield, expanding its specialist strength in commercial, property and private client insurance
Aon appointed Stephen Fox and Brian Hearst to strengthen digital infrastructure and builders’ risk advisory as demand rises for data centres and AI projects
FireWatch uses satellite data, weather forecasts, and environmental signals to help insurers, utilities, and governments track wildfire risk in near real time
Treasury Secretary Scott Bessent said a US insurance programme for Strait of Hormuz shipping will begin soon, aiming to support safer tanker traffic
A Connecticut appeals court ruled GEICO is protected by absolute immunity when filing DMV complaints over towing and storage charges
QBE and Aurora launched an automated underwriting capability for Yacht P&I, cutting broker submission-to-bind time to under 10 minutes
FHFA Director William Pulte sent criminal referrals accusing Letitia James of false statements in insurance filings tied to a Virginia property
A New Bedford couple pleaded guilty in federal court after prosecutors said they stole more than $750k from insurance clients, lenders, and providers
China launched a long-term care insurance system to support people with lasting disabilities and ease pressure on families as the population ages
Prudential filed another WARN notice in New Jersey, bringing total planned job cuts in Newark to 237 since July despite stronger recent earnings
Oklahoma lawmakers advanced HB 2933, adding claims reporting, mediation rules, a Homeowner Claims Bill of Rights, and stronger consumer protection
Senator Jeanne Shaheen introduced a bill to cut crop insurance costs, curb abuse, save $40 bn over 10 years, and shift support toward smaller farms
UK insurer First Central is working with Deutsche Bank and UBS on a potential London IPO that could value the company at around £1 bn
The UK will board Russian shadow fleet vessels in its waters, tightening pressure on oil shipments tied to Moscow’s war funding and sanction evasion
Illinois lawmakers advanced a bill giving regulators power to review home and auto insurance rates, with insurers warning the overhaul would raise costs
A bipartisan Senate bill would cap insulin at $35 for privately insured Americans and launch a pilot to extend the same limit to uninsured patients
Cotality says hail has become a major insured loss driver, with modern storms causing damage on par with a Category 4 hurricane in the US
Pacific Life’s underwriting survey shows wider AI use, stronger demand for structured health data, and growing concern over underwriting talent
Munich Re says agent-based AI will change cyber offence and defence, widening attack surfaces, pressuring trust, and raising the pace of cyber threats
Munich Re says cyber risks are widening beyond ransomware and calls for stronger resilience, broader cyber insurance uptake, and closer market collaboration
MSIG Asia made a strategic investment in Ancileo and formed a regional partnership to grow digital travel insurance across Asia’s fast-moving travel market
