Wisconsin weighs workers’ comp bill boosting insurance payouts and tightening rules
Wisconsin lawmakers review AB 651, a workers’ comp bill raising payouts, revising claims rules, and updating evidence, limits, and first responder coverage
Insurance News
Geico loses bid to dismiss $69.7 mn South Carolina business tax lawsuit
A federal judge refused Geico’s motion to dismiss a $69.7mn suit over unpaid business license taxes and penalties owed to South Carolina municipalities
Swiss Re reports a net income of $4 bn for the 9M 2025
Swiss Re lifts Q3 net income to $1.43bn, accelerates L/H fixes, and stays bullish on 2025 despite noisy portfolios and tougher pricing
Allianz lifts 2025 outlook after €13 bn profit and record Q3 results
Allianz posts record Q3 gains, €13.1bn nine month profit, and raises its 2025 operating target to €17bn as P/C and L/H units drive growth
Chubb launches AI optimisation engine to boost embedded insurance sales
Chubb just rolled out an AI-powered optimisation engine inside Chubb Studio, its digital platform for embedded insurance
Hiscox ordered to release records in $6.8 mn Dwolla fraud coverage fight
A U.S. court ordered Hiscox to hand over claims and underwriting records in a $6.8mn dispute over Dwolla’s denied computer fraud insurance claim
IAG handles 10,000+ weather claims after major hailstorms in Australia
IAG processes over 10,000 claims after severe hail and storm damage across Queensland, NSW, and Victoria, activating major recovery operations
Lloyd Smucker disputes Pennsylvania’s statement on ACA insurance premium spikes
Rep. Lloyd Smucker disputes Pennsylvania Insurance Department’s statement on ACA premium spikes, demanding transparency over tax credit assumptions
Louisiana’s insurance regulator eyes standardised discounts for fortified roof homes
Louisiana’s insurance regulator plans benchmark discounts for 10,000 Fortified roofs as data grows, cutting average premiums by 22%
Aon launches digital Claims Copilot to enhance global claims outcomes
Aon debuts Claims Copilot, an AI-ready digital platform unifying analytics, automation, and advocacy to streamline global claims and improve client results
Moody’s estimates $3–5 bn insured losses in Jamaica from Hurricane Melissa
Moody’s RMS pegs Jamaica’s insured losses from Hurricane Melissa at $3–5 bn, with total economic losses possibly exceeding the island’s $20 bn GDP
Liberty Mutual posts $2.22 bn Q3 profit as combined ratio hits 84.7%
Liberty Mutual’s Q3 net income rose to $2.22 bn with a combined ratio of 84.7%, driven by strong underwriting and a sharp fall in catastrophe losses
Fitch warns Solvency II capital cuts may weaken EU insurers’ credit
Fitch says EU plans to ease Solvency II rules could raise insurers’ risk-taking and understate spread risk, posing mild pressure on credit quality
Howden to acquire Evelyn Partners’ employee benefits consultancy EPFS
Howden will acquire Evelyn Partners Financial Services to boost its UK employee benefits and corporate health division, pending regulatory approval in 2026
Canada Life completes £41 mn buy-in deal with A.G. Barr pension scheme
Canada Life finalises a £41 mn buy-in with A.G. Barr’s pension scheme, securing benefits for 300 members and completing their long-term de-risking plan
Asia-Pacific insurance market growth fueled by reforms, low coverage
Asia-Pacific remains one of the strongest global growth regions for insurance. It’s a region with a relatively young population and still very low penetration
Aquarian Capital to buy Brighthouse Financial in $4.1 bn cash deal
Aquarian Capital will acquire Brighthouse Financial for $4.1 bn in cash, keeping the insurer independent and focused on U.S. retirement markets
Idaho regulators ordered three insurers to stop limiting Medicare Advantage sales
Idaho regulators ordered three insurers to halt efforts that restricted access to Medicare Advantage applications and discouraged agent participation
Washington Supreme Court extends traveling employee rule to disease
The Washington Supreme Court ruled that the state’s traveling employee doctrine applies to occupational diseases, including COVID-19, for workers’ comp coverage
Aon reported Q3 2025 net income attributable to shareholders of $458 mn
Aon reported Q3 2025 net income attributable to shareholders of $458 mn, up from $343 mn a year earlier. Aon’s Q3 EPS rose 34% to $2.11 as revenue climbed 7% to $4 bn
Allstate sues Texas pain clinics for $1.7 mn insurance fraud scheme
Allstate alleges a Texas pain clinic network inflated $1.7 mn in auto injury bills through fake procedures and unlawful fee-splitting, seeking $5.2 mn in damages
Fairfax Q3 2025 profit rises to $1.15 bn as underwriting, investments climb
Fairfax Financial’s Q3 earnings hit $1.15 bn, up from $1.03 bn, on stronger underwriting, fewer catastrophe losses, and $426 mn in investment gains
Nippon Life completes $8.2 bn acquisition of Resolution Life Group
Nippon Life finalizes its $8.2 bn takeover of Resolution Life, forming Acenda in Australasia and expanding its life and reinsurance reach globally
MetLife Q3 2025 profit falls 36% to $818 mn on derivative, investment losses
MetLife posts $818 mn Q3 net income, down 36%, as derivative and investment losses offset higher revenue and growing pension risk transfer deals
Hurricane Melissa causes up to $4.2 bn insured losses in Jamaica
Verisk estimates Jamaica’s insured losses from Hurricane Melissa at $2.2–$4.2 bn, with near-total building destruction in landfall zones
Verisk warns insurers as frequency perils surge, losses hit $152 bn
Verisk reports global insured property losses now average $152 bn as frequency perils surge and severe thunderstorms dominate catastrophe risk
New York lawmakers propose $10 mn State Catastrophe Fund Authority
A New York bill proposes a $10 mn Catastrophe Fund Authority to reimburse insurers for disaster losses and stabilize the state’s property market
New York Bill 9218 seeks to limit auto crash damages for certain drivers
New York lawmakers propose limiting auto accident damages for uninsured motorists, intoxicated drivers, and those involved in felonies or hit-and-runs
Illinois House rejects insurance rate control bill opposed by industry
Illinois lawmakers voted down a bill that would have expanded state oversight of insurance rates, data use, and climate risk disclosures for large carriers
North Carolina court rejects insurers’ bid to toss Tanger COVID suit
North Carolina Business Court denied insurers’ motion to dismiss Tanger’s COVID-19 coverage lawsuit, citing state law and the company’s close connection to NC
Ryan Specialty to acquire Stewart Specialty Risk Underwriting in Canada
Ryan Specialty expands in Canada with the acquisition of Stewart Specialty Risk Underwriting, a managing underwriter for high-hazard property and casualty risks
Florida House Bill 261 targets employer-owned life insurance with new rules
Florida lawmakers propose HB 261 to regulate employer-owned life insurance, limit coverage to key staff, and require reporting and public disclosure
New Mexico insurers ordered to update UM/UIM forms after court ruling
New Mexico insurers must update disclosure forms to show per-vehicle uninsured and underinsured motorist coverage costs following a Supreme Court decision
State Farm cuts Florida auto insurance rates again, down 20% total
State Farm trims Florida auto premiums by another 10%, marking a 20% total cut in a year as insurers credit reduced litigation for lower costs
Hurricane Melissa hits Jamaica with 185 mph winds, low insured losses
Hurricane Melissa’s 185 mph winds bring heavy damage to Jamaica and Cuba, with billions in losses expected but low insured coverage across the region
California’s insurance regulator drafts long-term solvency rule to tackle AI and climate risk
California’s insurance regulator unveils a solvency rule addressing climate risk, cyberthreats, and AI misuse, requiring insurers to plan decades ahead
Mission Underwriters backs launch of Lumara Insurance in the UK
Mission Underwriters launches Lumara Insurance in the UK, offering combined business and motor trade cover for brokers under a single policy structure
US House bill aims to restore National Flood Insurance Program fast
A new House bill seeks to retroactively renew and extend the National Flood Insurance Program through December 2026 after its lapse during the government shutdown
UK Justice Ministry reviews whiplash reform impact on insurance costs
The UK’s Ministry of Justice reviews the whiplash reform to assess its effect on injury claims, insurer savings, and fairness for unrepresented claimants
The National Association of Insurance Commissioners’ 2026 budget expands data & AI tools
NAIC’s proposed 2026 budget boosts tech and oversight investments, with revenue up 7.1% to $178.8mn and expense growth slowing to 6.3%
Clyde & Co appoints of Kirsten Wilkerson as a partner in its Washington office
Global law firm Clyde & Co announced the appointment of Kirsten Wilkerson as a partner in its Washington, DC, office
U.S. life insurers face risks from private credit and Level III asset exposure
Private credit and Level III assets raise liquidity, valuation and rating risks for US life insurers as markets shift and borrower leverage climbs
Customer satisfaction in the U.S. individual life insurance market looks stable
J.D. Power 2025 reveals volatile shifts in life insurance satisfaction, with wide brand gaps and stronger scores for direct-to-carrier policies
HSB Canada launches CyberPro cyber insurance for businesses up to $2 bn
HSB Canada, part of Munich Re, rolls out CyberPro – cyber insurance with claims, monitoring, and risk tools for Canadian firms across multiple industries
US P&C insurers see upgrades rise in H1 2025, downgrades steady
AM Best reports slight increase in US P&C insurer upgrades to 18 in H1 2025, downgrades flat at 20, with personal lines hit by catastrophe losses and inflation
S&P upgrades Vienna Insurance Group outlook to positive on CEE growth
S&P raised VIG and VIG RE outlooks to positive, citing stronger diversification, CEE earnings growth, and the planned NUERNBERGER acquisition in Germany
UK insurers hit by rising third-party risks as data gaps widen
85% of UK insurers face third-party risk impacts, with weak data and outdated tools limiting decision-making despite higher spending on cybersecurity and ESG
Swiss Re pauses new life insurance deals in Australia as TPD claims soar
Swiss Re halts new business in Australia, citing unsustainable TPD insurance costs, with $1.43bn mental health claims in 2024 straining the financial system
Court upholds CMS ruling on Humana’s 3.5 Medicare Advantage Star Rating
A federal court sided with CMS, rejecting Humana’s bid to recalculate its 3.5 Medicare Advantage Star Rating tied to call center test calls
Wright Flood to acquire Poulton Associates as private flood insurers gain ground
Wright Flood, a Brown & Brown unit, moves to buy Poulton Associates amid NFIP shutdown fallout and shifting demand for private flood insurance
Actuaries need direct data control to modernize loss reserving
Legacy systems slow actuarial teams. Direct data access and central repositories can cut reserving turnaround from days to hours while improving accuracy
Allianz reshapes Commercial Board with new market and distribution leaders
Allianz Commercial appoints Jeremy Sharpe and Christian Sandric to Board roles from Jan 2026, strengthening broker, client, and regional market focus
MSIG names Eric Schaap global broker engagement head in new role
MSIG appoints Eric Schaap as SVP and Global Broker Engagement Manager to strengthen global broker ties, align markets, and drive growth through analytics
Cyber insurance claims fall in 2025 as firms boost resilience
Allianz data shows cyber claim severity down 50% in 2025 as large firms harden defenses, but ransomware and data theft remain top drivers, hitting SMEs hardest
Louisiana proposes property insurance discounts for Fortified home upgrades
Louisiana insurers must offer 20-30% premium cuts for Fortified mitigation projects under new rules; regulators seek comment until Nov. 10
MetLife’s Metropolitan Tower takes on $1.8 bn Kodak pension transfer
MetLife unit Metropolitan Tower assumes $1.8B in Kodak pension liabilities for 27,000 retirees as Kodak winds down KRIP and plans debt repayment
IAG fields 3,000+ storm claims after giant hail hits Southeast Queensland
IAG brands including NRMA and RACQ Insurance are handling thousands of claims after severe hail and storms struck Brisbane, Gold Coast and Sunshine Coast
Insurance Australia Group lifts 2026 outlook after $855 mn RACQI acquisition
Insurance Australia Group boosts 2026 profit and premium guidance after completing its A$855M RACQI deal, forecasting up to A$1.75B in reported profit
Northeastern Insurance files Chapter 15 in NY over sex abuse claim surge
Bermuda-based Northeastern Insurance seeks Chapter 15 protection in New York after 55 sex abuse claims under NY’s Child Victims Act exceed its assets
Michigan boosts insurance regulator budget to $79.4 mn after proposed cuts
Michigan lawmakers reversed earlier budget cuts, approving $79.4 mn for the insurance regulator, including added funds for legal cases and economic adjustments
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension
Discover how motor vehicle tort cases added $42.8 bn in excess litigation costs in 2014–2024. Triple-I highlights rising case volumes and the impact on insurance costs
Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
Geoeconomic fragmentation makes managing global risks like climate, cyber, and pandemic risks more difficult for insurance and reinsurance sectors