A Louisiana state court issued a temporary restraining order preventing Chubb Bermuda Insurance from enforcing an arbitration clause that sought to move a COVID-19 business interruption in London
The Bank of England, the United Kingdom’s central bank, and Accenture have finalized the transformation of the Real-Time Gross Settlement service
Aon reported that catastrophe bond issuance surpassed $21 bn during, marking the most active year in the history of the ILS market
Zurich-based catastrophe data provider PERILS has launched a new forecasting platform that delivers real-time industry loss estimates for typhoons in Japan
Travel insurance delivered significant financial protection in 2024, with members of the Association of British Insurers paying £472 mn across more than 500,000 claims
Florida regulators have cleared another entrant into the state’s homeowners insurance market. Viceroy Preferred Insurance Co. received approval to launch as a domestic carrier
Cavello Bay Reinsurance, a Bermuda-based subsidiary of Enstar Group, has filed a $400 mn lawsuit against Aspen Insurance Holdings and several affiliates
Sompo Holdings will acquire Aspen Insurance Holdings for $3.5 bn in an all-cash transaction, marking one of the largest recent cross-border insurance deals
Farmers Insurance disclosed that personal data from more than 1.1 mn policyholders was accessed during a breach at a third-party vendor
Illinois enacted House Bill 2425, which prohibits final expense life insurers from denying coverage, limiting benefits, or charging different rates solely due to a felony conviction history
Cleveland-based Novum Underwriting Partners, a managing general agent and wholesale brokerage, has become part of Steadfast Group’s network after the Australian insurance giant
Owners Insurance Company and Auto-Owners Insurance Company have taken their policyholder, Dude Products, to federal court in Chicago
Colorado’s individual health insurance market is bracing for disruption as filings from UnitedHealthcare’s Rocky Mountain HMO and Anthem’s HMO Colorado
Lincoln Place Capital has filed a lawsuit against The Cincinnati Insurance Company, alleging the carrier refused to pay for wind damage and delayed resolution of a $215,450 claim
Insurance fraud costs U.S. consumers an estimated $308.6 bn every year, putting pressure on carriers to adopt more advanced detection systems
he Eighth Circuit Court of Appeals has ended a long-running battle over who should bear responsibility for a $5mn payout tied to a motel fire in Brinkley, Arkansas
A federal court ruling and a brewing payout fight have drawn Progressive and Protective Insurance into a high-stakes professional liability dispute
KCC, a specialist in catastrophe risk modelling, has released new analysis on the likelihood of U.S. hurricanes driving insured losses above $100bn
Aon said its pooled employer plan (PEP) has reached $5bn in live and committed U.S. 401(k) assets since launching in 2021. The platform now covers more than 130 employers
Louisiana’s approved private passenger auto insurance rates dropped 2.3%, according to Insurance Commissioner Tim Temple. The decline follows a fall in accident frequency
Homes built to IBHS fortified standards cut claims severity by 15%–40% and reduce loss frequency by at least 55%
Berkshire Hathaway disclosed a $1.57bn investment in UnitedHealth Group after acquiring 5.03mn shares, according to filings with the SEC
Health insurers are scaling back participation in Medicare Advantage (MA), cutting benefits, and tightening provider networks as rising medical costs
The Delaware Supreme Court has ruled that insurers are not obligated to defend or indemnify CVS Health Corp. against opioid-related lawsuits brought by government entities
The flooding followed the remnants of Hurricane Debby and has generated total insured losses of C$2.806 bn, a slight decrease from the previous estimate of C$2.817 bn
The Supreme Court of Montana has upheld regulatory findings that Victory Insurance Co. violated state insurance law by canceling workers compensation policies without consent
The July 13 hailstorm in Calgary caused an estimated $92mn in insured losses, according to preliminary data from Catastrophe Indices and Quantification
Insured losses from the Jasper wildfire have reached $1.3bn, according to updated figures released by Catastrophe Indices and Quantification
The NAIC Life Actuarial Task Force is revisiting Actuarial Guideline 49-A (AG 49-A), aiming to tighten rules around life insurance illustrations and impose consistent disclosure standards
Arthur J. Gallagher & Co. must pay a $50mn earnout under terms of its acquisition of Patent Insurance Underwriting Services (PIUS) and Newlight Capital
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members
Reliable Transportation Association (RTA), a managing general agent and Lloyd’s of London coverholder, has rolled out a Physical Damage insurance program for commercial auto
Severe Convective Storms (SCS) inflicted $58bn in insured losses in 2024, surpassing hurricanes and ranking as the second-costliest year on record for these events
Marsh introduced a new indemnification coverage for investment banks within its directors and officers liability (D&O) insurance program
Prudential Financial’s subsidiary signed a $4 bn longevity risk transfer deal with NN Life & Pensions, part of NN Group
Howden Group, the global insurance intermediary, has confirmed the successful repricing of its $3.1bn USD Term Loan B due 2031 and its £765m Revolving Credit Facility
Aon’s Catastrophe Risk Management Survey found that 48% of insurers do not license catastrophe models, and only 27% maintain dedicated model evaluation teams
Factory Mutual Insurance Co. must defend against a $100mn business interruption claim tied to a 2019 explosion at a Texas petrochemical plant
Lancashire Syndicates and Lancashire Insurance Co.will see a change at the top in early 2026. Rachel Sabbarton will take over as CEO of Lancashire Syndicates
Manulife Financial Corporation delivered a solid second quarter in 2025, recording net income of $1.8 bn, a sharp $0.7 bn increase over the same period last year
The estimated insurance losses from the unexpectedly severe floods in South Korea will place pressure on the financial performance of the country’s non-life insurers
Manulife Financial Corp. will acquire a 75% stake in Comvest Credit Partners for $937.5 mn, a move aimed at expanding its private credit platform
AIG continues to navigate Russia-related aviation claims stemming from aircraft stranded after the 2022 invasion of Ukraine
MetLife announced second-quarter 2025 results that reflect continued execution of its New Frontier strategy, building value for customers and shareholders despite a softer earnings quarter
Assicurazioni Generali reported higher H1 2025 earnings driven by growth across all business units. The Italian insurer is reviewing a proposed €6.3 bn sale of its banking arm
StarStone Specialty Insurance has filed suit in federal court, aiming to avoid coverage obligations tied to a high-profile SPAC merger involving smart glass company View Inc
House Bill 1766 seeks to mandate that insurers reimburse qualifying patients for medical marijuana expenses under the state’s Workers’ Compensation Act
The US economy absorbed nearly $2.915 tn in losses from climate-related disasters between 1980 and 2024. Incidents like the Palisades wildfires, Hurricane Helene
The UK’s commercial motor market remains slow to shift toward electric vehicles, complicating efforts by insurers to control rising claim costs and manage shifting risk profiles
Aon announced that Jo Ann Jenkins will join its Board of Directors effective August 15, 2025. Jenkins brings decades of leadership across nonprofit, public, and corporate sectors
The Financial Conduct Authority (FCA) has issued fines against Neil Woodford and his firm, Woodford Investment Management (WIM), citing mismanagement of the Woodford Equity
Lloyd’s has appointed Stephane Flaquet as its new chief operating officer, effective Sept. 1, pending regulatory approval. He will also join the executive leadership team
The California Department of Insurance (CDI) has issued a show cause order against the FAIR Plan, accusing it of systematically denying smoke damage claims using policy language
A group of institutional investors has completed the €3.5bn acquisition of Germany-based life insurance platform Viridium Group from private equity firm Cinven
The global P&C insurance market remained stable, with ongoing competition in property lines and cautious underwriting in casualty segments
The Fifth Circuit Court of Appeals upheld a key evidentiary ruling in a dispute between a policyholder and United National Insurance Co., but criticized the lower court for improperly disregarding
Mosaic Insurance has entered the digital asset market with a combined cyber and financial institutions (FI) crime insurance product
Clyde & Co has successfully defended McLaren Automotive Events Limited in a $25mn personal injury claim, following a High Court ruling that offers valuable precedent for insurers
Michigan’s Department of Insurance and Financial Services (DIFS) issued emergency suspensions against Peak Title of Michigan Inc. and Peak Title Agency Co
Ireland has released a renewed Action Plan on Insurance Reform, introducing 26 measures — including 10 marked as priorities — intended to reduce premium costs
