Stryker reports renew focus on healthcare cyber risk
Alleged Stryker cyber incident coverage renews focus on healthcare, life sciences, and medical device cyber insurance preparedness
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.
Berkshire Hathaway operating earnings rise to $11.3 bn
Berkshire Hathaway Q1 2026 operating earnings rose 17.7% to $11.3 bn, supported by stronger insurance underwriting, BNSF, energy and manufacturing
Allianz Commercial shifts stand-alone cyber portfolio to insurtech Coalition
Allianz Commercial signed a 10-year cyber insurance deal with Coalition, making it the group’s exclusive global partner for stand-alone commercial cyber
Howden Re expands cyber reinsurance team
Howden Re added five cyber reinsurance specialists to expand US coverage, actuarial analytics, broking, account management, and exposure modelling
Heart Foundation and life insurer TAL target heart myths in young Australians
Heart Foundation and TAL are tackling heart health myths among younger Australians, urging prevention before risks build into later-life disease
NAIC private rating review may pressure US insurers
Fitch says NAIC scrutiny of private letter ratings could raise capital pressure for US insurers with heavier exposure to complex private assets
Fitch puts Prudential ratings on negative watch after Japan sales misconduct
Fitch placed Prudential ratings on Rating Watch Negative after Japan sales misconduct led to a 270-day suspension and earnings pressure
The Australian Securities and Investments Commission warns finance sector over AI cyber risks
ASIC urged Australian financial firms to strengthen cyber controls as frontier AI tools such as Mythos raise new vulnerability risks
Illinois settles Vee Pak no-poach case for $625,000
Illinois AG Kwame Raoul reached a $625,000 settlement with Vee Pak over no-poach claims affecting temporary workers.
Michigan Supreme Court backs Progressive policy rescission
Michigan Supreme Court ruled Progressive properly rescinded a policy after a driver misstated garaging and household details
Ransomware attacks rise 45% as ransom payments fall
Cowbell’s 2026 claims report shows ransomware attacks rose 45%, while average ransom payments dropped 44% as insureds improved response planning
Artificial intelligence plans outpace workforce investment, Aon says
Aon’s Human Capital Trends Study says employers expect AI to reshape skills, but most have not reskilled workers at the same pace
New Jersey court limits PIP medical cost evidence in auto injury cases
New Jersey Supreme Court ruled future medical costs covered by PIP cannot be presented to juries in auto injury cases
NAIC names Jeffrey Johnston permanent CEO
NAIC appointed Jeffrey C. Johnston as permanent CEO from June 1, 2026, after his interim leadership of the US insurance regulator group
Federal trade court rejects Trump’s 10% import tariff
A federal trade court ruled Trump’s 10% tariff illegal, creating new uncertainty for insurers tracking claims costs and imported materials
Insurtech Kin Insurance completes $335 mn catastrophe bond deal
Kin Insurance completed its largest catastrophe bond transaction, securing $335 mn through Hestia Re to support homeowners in storm-exposed markets
Ohio House Bill 838 targets insurance coverage for gender-affirming surgery
Ohio House Bill 838 would bar public employer health plans and Medicaid from covering gender-reassignment surgery
Florida sets new e-signature rules for auto salvage insurance claims
Florida insurers face new identity verification rules for electronic signatures tied to salvage titles and certificates of destruction from July 2026
Minnesota’s new law bars denial of police damage home insurance claims
Minnesota’s new law requires homeowners insurers to cover damage from police tear gas, smoke, and flash-bangs when owners were innocent parties
US Treasury meets insurance regulators on private credit
Treasury Secretary Scott Bessent met state insurance regulators and the NAIC to discuss private credit, offshore reserves, and life insurer oversight
Slide Insurance director sells $1.05 mn in shares of the insurer’s common stock
Slide Insurance director Robert Gries Jr. sold 56,424 shares under a 10b5-1 plan, while the insurer posts strong Q1 earnings and enters California
California insurers seek home insurance rate hikes under wildfire risk model
Travelers and the Auto Club exchange seek California home insurance rate changes under the state’s 2025 wildfire risk model
California seeks penalties from State Farm over LA wildfire insurance claims
California says State Farm violated claims-handling laws after the 2025 Los Angeles wildfires, with penalties expected in the $ mn range
Sen. Bernie Sanders claim on health insurance coverage losses rated mostly false
PolitiFact says Bernie Sanders overstated the effect of Trump’s 2025 tax and spending law on health coverage losses
Americans may overpay $150 bn a year for home insurance
Vanderbilt Policy Accelerator says US households and businesses overpay $150 bn a year for insurance and proposes federal loss-ratio rules
Hurricane season may still test the US power grid – 13 named Atlantic storms this season
Forecasters expect 13 named Atlantic storms, but grid damage depends on local infrastructure, access, and repair capacity, not storm count alone
Spirit Airlines shuts down after 34 years as fuel costs and debt overwhelm carrier
Spirit Airlines ceased operations after rising fuel prices, failed merger attempts, and bankruptcy pressure pushed the budget carrier into liquidation
Specialty insurance rates in 2026 soften faster than expected, WTW’s SIMS survey shows
WTW’s SIMS survey shows specialty insurance rates fell sharply in 2025 and early 2026, with property, energy, marine, and liability lines diverging
El Niño raises hurricane risk for Hawaii and California
AccuWeather expects an above-average 2026 Pacific hurricane season as warm ocean waters and El Niño conditions increase storm risks
New York $268 bn budget plan includes auto insurance reforms and consumer protections
New York’s proposed $268 bn budget includes auto insurance reforms, consumer protections, tax measures, and dispute over whether lawmakers reached final agreement
US prosecutors charge 30 in insider trading scheme
Federal prosecutors charged 30 people in a decade-long insider trading scheme tied to stolen merger information from major law firms
PZU is acquiring MetLife Ukraine, the leading life insurer in the Ukrainian market
Polish PZU will acquire 100% of MetLife Ukraine, strengthening its life insurance position in Eastern Europe while MetLife continues normal operations until completion
Iowa lawsuit targets premium-financed life insurance strategy
An Iowa widow has filed suit over a complex life insurance structure that, she claims, turned a debt-free farm into a leveraged risk
Texas homeowners urged to secure flood insurance cover before hurricane season
Officials across Texas are pushing homeowners to arrange flood insurance ahead of hurricane season, warning that standard policies leave a major gap
Canada updates insurance dispute framework with stronger oversight
Canadian Council of Insurance Regulators has revised its ombudservices framework to tighten cooperation, improve data sharing, and strengthen consumer dispute resolution
European insurers and reinsurers raise private credit exposure to 5.8% of portfolios
S&P Global Ratings says European insurers are increasing private credit allocations while managing risk and liquidity constraints
Global cyber insurance nears pricing floor as risks and competition rise
The global cyber insurance market is approaching a turning point, according to Richard Clapham, as pricing declines, exposures grow, and threat activity remains elevated
U.S.-Iran conflict reshapes airline insurance renewals across Middle East
WTW says U.S.-Iran tensions are driving aviation insurance pricing pressure, with hull war and liability rates set for tougher renewals in 2026
Ripe launches ChatGPT app for Cycleplan cycling insurance
Ripe launched a ChatGPT app for its cycling insurance brand Cycleplan, allowing users to receive real-time quotes through a conversational interface
Stephen Fry injury insurance claim highlights event liability risks
Stephen Fry files £100k claim after fall at London tech event, raising scrutiny on safety controls and insurance coverage
Colorado advances bill to cut insurance costs with roof grants
Colorado lawmakers moved to address rising homeowners insurance costs, passing SB26-155 in the Senate. The bill targets wind and hail damage, a major driver of claims
New Jersey’s Travel Insurance Act sets new rules for travel insurance sales and licensing
New Jersey’s Travel Insurance Act introduces licensing, compliance, and disclosure standards for insurers, producers, and retailers
New York weighs tighter approval rules for auto insurance rates
New York could require insurers to seek state approval for any auto rate increase as lawmakers debate reforms tied to the delayed budget
Hail claims disputes rise as U.S. home insurance pressure builds
Homeowners challenge claim denials as storms intensify and insurers tighten payouts across high-risk regions
Hanover Insurance Group earnings preview: reserves, pricing and growth in focus
Investors watch how The Hanover Insurance Group manages liability reserves and pricing as Q1 earnings approach
Japan corporate health insurers face $41 bn deficit in FY2026
More than 70% of large-company health insurance societies in Japan are expected to run deficits as costs tied to ageing and childcare rise
Ethiopia opens insurance market to foreign investors under draft law
Ethiopia plans to allow foreign insurers for the first time in decades, aiming to boost competition, capital, and coverage
Indonesia halves accident insurance premiums for informal workers
Indonesia introduced a 50% reduction in work accident and death insurance premiums for non-wage earners under the JKK-JKM schemes
Germany health reform targets €16 bn in insurance savings – Friedrich Merz
Germany’s Cabinet approved a health care draft law aimed at limiting insurance premium increases, though doctors and patient groups call it austerity
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform capable of handling complex insurance claims entirely autonomously
UNIQA raises solvency ratio to 275% after strong 2025
UNIQA increased premiums to €8.4 bn, lifted profit before tax to €516.4 mn, and strengthened its Solvency II ratio to 275% in 2025
Cyera acquires Ryft for up to $130 mn to expand AI data security
Cyera buys Ryft to strengthen controls over AI-driven data access as enterprises face rising risks from autonomous systems
Insurtech Flock launches a data-driven haulage fleet product with Admiral
Flock launches a data-driven haulage fleet product with Admiral, targeting one of the UK’s largest commercial vehicle segments
Barbados targets MGA growth as global model scales past $104 bn
Barbados positions itself as a competitive MGA domicile, backed by regulatory efficiency, tax advantages, and rising demand for specialized insurance structures
Connecticut court says rental car passengers can access uninsured motorist cover
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 agrees $774 mn opioid-related claims settlement as legal overhang nears end
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 extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
EBR Systems breach highlights rising cyber pressure on Australia’s healthcare sector
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
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions