Insurtech Titan Flood launches private residential flood program with Nationwide
Titan Flood, an AI-enabled flood insurance platform, has launched a private residential flood program in partnership with Nationwide E&S/Specialty
Insurance News
Yale New Haven Health sues Ironshore over $4 mn transplant insurance claim
Yale New Haven Health filed suit in US District Court in Connecticut seeking roughly $4.1 mn from Ironshore Indemnity, alleging the insurer refused to reimburse costs
Are autonomous vehicles from companies such as Waymo and Tesla making roads safer? Insurance research
Are autonomous vehicles from companies such as Waymo and Tesla making roads safer? The insurance industry’s research community is watching closely, and the answer remains unsettled
GEICO faces class action over added drivers and insurance premium hikes
GEICO faces a proposed class action in Florida federal court alleging the insurer added unrelated drivers to policyholders’ auto coverage without consent, triggering higher premiums
Vistria acquires Dallas MGA Lumen to expand specialty platform
The Vistria Group acquired Lumen Holdings, a Dallas-based managing general agent underwriting commercial and personal lines across more than 30 states
Global property insurance rates fall 9% in 2025
Global commercial property insurance rates declined 9% in Q4 2025, according to the latest market update from Marsh. The drop marks an acceleration from the 8% decline recorded in Q3
Nevada approves 21.6% hike in workers insurance comp loss costs
The Nevada Division of Insurance approved a 21.6% increase in workers compensation loss costs effective March 1, according to the National Council on Compensation Insurance
Allstate files RICO suits over alleged New York no-fault DME fraud
Allstate filed two federal RICO lawsuits in the US District Court for the Eastern District of New York, alleging coordinated no-fault auto insurance fraud involving durable medical equipment suppliers
Oklahoma insurance reform advances as profit oversight House Bill 2933 fail
Oklahoma Insurance Commissioner Glen Mulready’s policy package cleared its first legislative hurdle after the House Civil Judiciary Committee unanimously advanced House Bill 2933
Oklahoma senator files bills targeting insurer profits and rates
An Oklahoma state senator introduced a package of insurance reform bills aimed at addressing rising premium costs across the state
NAIC weighs closer review of insurers’ mortgage loan exposure
The National Association of Insurance Commissioners is examining insurers’ expanding exposure to residential mortgage loans, with potential additional scrutiny ahead
US property re/insurance market softens as capital surges and rates fall
US property re/insurance market has shifted decisively into soft territory over the past year. Pricing pressure reflects capital inflows and the absence of major landfalling hurricanes
McLarens appoints Kevin Moran to lead US WTPV claims
McLarens appointed Kevin Moran as Executive General Adjuster and US Team Lead for Malicious Assailant, War, Terrorism & Political Violence within its global Crisis Management practice
Fintech Capitolis to acquire 20 Gates’ U.S. secured financing platform
Capitolis has agreed to acquire the U.S. Secured Financing Platform from 20 Gates Management, expanding its Capital Marketplace footprint in North America
Insurtech Kettle, RLI launch wildfire-focused commercial property cover
Kettle has formed a strategic partnership with RLI Corp. to launch a multi-peril commercial property product that includes dedicated wildfire coverage
Ancient Financial to acquire F&G Life Re, launch as Bermuda reinsurer
Ancient Financial has signed a definitive agreement to acquire F&G Life Re from a subsidiary of F&G Annuities & Life
Insurtech Concirrus unveils AI-native Inspire underwriting platform
Concirrus has launched Concirrus Inspire, an AI-native underwriting platform built for specialty insurers and MGAs seeking faster decision cycles without loosening risk controls
AIG takes 35% stake in Convex, 9.9% in Onex in $7 bn tie-up
American International Group, Inc. has completed minority investments in Convex and Onex Corporation as part of a $7bn strategic transaction linking the three groups
Australian Suncorp Group profit slides on A$1.3 bn catastrophe bill
Suncorp Group reported a sharp fall in fiscal first-half earnings after heavy natural catastrophe losses and weaker investment income weighed on results
Talanx completes buyout of Polish insurers Warta and TU Europa stakes
Talanx AG has closed its acquisition of minority stakes in two Polish insurers from Meiji Yasuda Life Insurance Co., ending a strategic cooperation agreement
UK insurers pay £6.1 bn property insurance claims as weather losses climb
Insurers in the United Kingdom paid out £6.1 bn in property claims during 2025, including £1.5 bn in the fourth quarter alone
California moves to tighten insurance rate-review intervenor rules under Prop 103
Ricardo Lara proposes stricter timelines, online disclosures, and revised fee standards for Administrative Hearing Bureau proceedings
House Bill 5608 weighs ban on credit scores in insurance underwriting
House Bill 5608 would bar use of credit history in rating, underwriting, cancellations across personal lines
New York fines Jericho Share $250k for acting as an unlicensed health insurer
New York Regulator says House of Prayer and Life operated as unlicensed health insurer, spent 12.5% of fees on medical claims
Missouri earthquake insurance coverage expands as homeowner take-up falls
Missouri Regulator reports 37% of insurers now write earthquake policies, yet penetration drops to 10.4% statewide
Washington Senate advances wildfire grants and insurance fraud overhaul
Lawmakers approve SB 6079 to fund home hardening and SB 6031 to expand felony fraud definitions and enforcement reach
Health plan sues Cigna over PBM rebates and drug pricing practices
Plumbers Welfare Fund alleges billions in kickbacks, inflated formularies, and rebate routing through Swiss affiliate Ascent Health Services
Michigan bill targets auto application rules and motorcycle insurance claim priority
Senate Bill 782 would end household listing mandates, restrict certain claim denials, and define payment hierarchy in motorcycle accidents
Pinion Insurance launches with $180 mn Barings backing
Pinion Insurance has launched as a specialty carrier backed by a preferred equity commitment of up to $180 mn from Barings
California weighs first smoke damage standards for insurance claims
California lawmakers are reviewing Assembly Bill 1795, a proposal to establish the first statewide standards in the US for smoke damage insurance claims
Admiral Group to acquire fleet insurtech Flock in £80 mn deal
Admiral Group has agreed to acquire Flock, a UK digital commercial fleet insurtech, in a transaction valuing Flock’s equity at £80 mn
Full-coverage auto insurance premiums in the US drop 6% in 2025 after a 46% surge
Full-coverage auto insurance premiums drop 6% to $2,144 in 2025 after a 46% surge, but high-cost states climb and 2026 increases loom
Florida Senate panel backs rideshare insurance rollback
Florida SB 632 would cut $1 mn rideshare liability during trip acceptance phase, drawing support from Uber and Lyft and pushback from trial lawyers
Maura Healey proposes $100 mn reduction to Massachusetts from Group Insurance Commission
Gov. Maura Healey proposes $100 mn reduction to Massachusetts GIC funding as medical costs climb 10%, prompting protests and debate
Gov. Ned Lamont pitches Connecticut Option and tax credit for small firms
Gov. Ned Lamont seeks $1 mn to study a Connecticut Option and proposes ICHRA tax credits up to $1,000 per worker for small businesses
Illinois Department of Insurance revises supplier diversity report filing rules
Illinois DOI updates 2026 filing instructions for annual supplier diversity reports, sets asset test, SERFF codes, and scope rules
Georgia lawmakers introduce bill to reform USDA Hurricane Insurance Protection program
Reps. Rick Allen, Buddy Carter and Sanford Bishop introduced the Farmers’ AID Relief Act to amend the USDA’s Hurricane Insurance Protection–Wind Index program
Georgia Insurance Commissioner says Allstate rate cut to save drivers $17.7 mn in 2026
Allstate North American Insurance Company will reduce private passenger auto insurance rates by 5% in Georgia, generating an estimated $17.7 mn in savings for policyholders in 2026
Hong Kong convicts father of activist over insurance policy withdrawal attempt
A Hong Kong court has found the father of overseas activist Anna Kwok guilty under Article 23 after he attempted to cancel her insurance policy and withdraw funds, in a case drawing international criticism
FEMA updated flood maps with 6M window before new insurance rules take effect
FEMA has issued final pending flood maps that may change mandatory flood insurance requirements, giving homeowners six months to review potential impacts before they become effective
Chase launched Chase Protect bundled insurance product in the UK
Chase introduces Chase Protect in the UK, combining travel insurance, mobile phone cover and AA breakdown assistance into a £12.50 monthly bundle integrated within its banking app
Howden Group secures $703 mn via senior notes add-on to fund growth
Howden Group secures $703 mn in gross proceeds through a $690 mn add-on to its 8.125% senior notes due 2032, strengthening capital for expansion and acquisitions
AIG and Onex close $7 bn Convex deal reshaping ownership
AIG takes 35% stake in Convex and 9.9% in Onex as Onex gains 63% control, forming strategic partnership with $2 bn capital commitment
German P&C and life insurance profit easing in 2026 after strong 2025 – Moody’s
Moody’s says German P&C and life insurers improved in 2025, but expects underwriting profitability to soften in 2026 as cat losses normalise
Caribbean insurers benefit from softer reinsurance – AM Best
AM Best reports easing reinsurance costs and improved profitability for Caribbean insurers, while warning global economic shocks still threaten the region
Insurance broker stocks slide after OpenAI approves first carrier AI app
Broker shares fall about 9% after ChatGPT approves an insurer AI app, as analysts debate disintermediation risks and long-term impact on distribution
Pension Insurance Corporation secures £155 mn buy-in for Vistry schemes
Pension Insurance Corporation secures £155 mn buy-in covering 1,671 members across three Vistry final salary pension schemes in the UK
Gallagher Bassett buys Reck & Co to expand marine insurance claims reach
Arthur J. Gallagher expands claims platform as Gallagher Bassett acquires Germany-based Reck & Co, strengthening cross-border marine and transport claims services
Deutsche Bank weighs return to life insurance via Frankfurter Leben
Deutsche Bank and DWS consider a minority stake in Frankfurter Leben, reopening life insurance exposure after a decade away from the sector
SCOR expands cyber underwriting with MGA Baobab partnership in Germany
SCOR adds Lloyd’s capacity to Baobab Insurance’s CyberSafe policies, extending cover to firms up to €1 bn in revenue across Germany and Austria
Prudential of Japan halts new sales for 90 days after misconduct probe
Prudential of Japan suspends new sales from Feb. 9, 2026, to overhaul governance and compensate customers after employee misconduct findings
Prudential Japan CEO exit puts governance and investor trust under strain
CEO resignation at Prudential’s Japan life unit following employee misconduct raises governance questions as investors assess oversight across international operations
Insurance blocks MLB stars from World Baseball Classic rosters
Insurance denials force top MLB players out of the 2026 World Baseball Classic, exposing how coverage rules now shape who can compete
Congo unrest drives political violence insurance premiums up to 10x
Political violence insurance premiums in DR Congo surged up to tenfold after eastern unrest, boosting insurers while raising costs for mining operators
Los Angeles wildfires reveal gaps in insurance wildfire risk models
Analysis of the Jan 2025 Los Angeles fires shows why fuel structure, access, and ember dynamics matter more than ignition risk for insurance underwriting
Kansas Insurance Commissioner weighs ending cost-sharing for follow-up breast cancer exams
Kansas Insurance Commissioner Vicki Schmidt backs SB 409 to remove out-of-pocket costs for follow-up breast cancer testing after abnormal mammograms
🇺🇸 New York targets auto insurance fraud as premiums near $4,000
New York moves to curb auto insurance costs with fraud crackdowns, payout limits for at-fault drivers, and revived enforcement as premiums run far above the US average
Aviva launches private clients unit via Lloyd’s of London market expansion
Aviva enters a new high-net-worth phase by launching Aviva Private Clients through Lloyd’s, enabling cross-border cover, multi-currency policies, and bespoke underwriting
FCA urges insurers to rebuild trust as 66% of 🇬🇧 UK consumers remain sceptical
FCA deputy chief executive Sarah Pritchard says insurers must fix trust gaps as new data shows 66% of UK consumers distrust the sector despite high claims payouts
🇺🇸 New York auto insurance hits record $1,935 as affordability worsens
New York drivers spent a record $1,935 on auto insurance, ranking among the least affordable states as repair costs, injuries, and claims expenses climb
New US-Canada tariffs raise auto, property, trade credit and business interruption exposures as insurers assess higher repair and supply chain costs
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends
Teen drivers face crash rates nearly 4x higher than adults. Safer vehicle choices and smart insurance decisions can lower risk and costs for families
AM Best keeps a stable outlook for commercial lines, citing strong results, rising investment income and tech-driven underwriting amid stress in liability and auto