Australia’s securities regulator appealed the Federal Court’s decision dismissing part of its proceedings against HCF Life Insurance Co concerning a “preexisting condition”
White Mountains Insurance Group has agreed to invest about $285 mn in California homeowners-focused managing general agent Bamboo Ide8
The cost of insuring vessels transiting the Red Sea has more than doubled over the past week as Houthi forces resumed attacks on commercial ships
The Australian Competition and Consumer Commission (ACCC) filed proceedings in Australia’s Federal Court against insurer Bupa
CatIQ estimated insurance industry losses from the ice storm that struck Ontario and Quebec between March 28 and 31 at CAD $416 mn
Insurance Australia Group Ltd. raised its fiscal-year 2025 guidance as estimated natural perils costs are projected at A$1.08 bn
MetLife and General Atlantic announced in December the creation of Chariot Re, a Bermuda-based reinsurer that initially reinsures approximately $10 bn of annuities
Insured losses from Hurricane Erick, which made landfall last week in southern Mexico, are expected to remain limited
AM Best reported that the U.S. property and casualty (P&C) insurance sector rebounded in 2024, driven by a $31 bn improvement in the personal auto line
Insurance Europe supports the European Commission’s plan to simplify cybersecurity regulations through its review of the Cybersecurity Act
Safe Auto Insurance Co. and its policyholder, Jaime Valdez, filed a lawsuit against the law firm Lewis Brisbois Bisgaard and Smith LLP for failing to act on a $25,000 settlement offer
The ongoing conflict in the Middle East has prompted many marine insurance underwriters to withdraw coverage for vessels with perceived links to the U.S., U.K., or Israel
In 2024, U.S. insurers paid $1.04bn in lightning-related homeowners insurance claims, marking a 16.5% decline from $1.24bn in 2023
Slide Insurance has announced the pricing of its upsized initial public offering at $17.00 per share for 24,000,000 shares of common stock
S&P has reported that Israel’s government-backed insurance scheme is expected to absorb the majority of losses linked to the ongoing conflict with Iran
India’s most severe aviation disaster in over ten years, involving the crash of an Air India Boeing 787, to result in insurance claims totaling approximately $475mn
The High Court of Justice in London recently ruled in favour of aircraft lessors for the 2021 and 2022 underwriting years
New research from insurtech provider hyperexponential (hx) reveals that data ingestion is the most widely adopted AI use case in the insurance sector
Fitch Ratings has affirmed a ‘neutral’ outlook for the European insurance sector at mid-year 2025, citing stable operating conditions despite increased financial market volatility
Florida Republican Senator Rick Scott has introduced several bills aimed at increasing transparency in the National Flood Insurance Program (NFIP)
Oklahoma Governor Kevin Stitt has signed House Bill 1084 into law, prohibiting most forms of assignment of benefits agreements under auto, residential, andl property insurance
Insurers in Europe and Asia may each face insured losses in the hundreds of millions of dollars following a series of mid-June storms
The Florida Office of Insurance Regulation (FLOIR) has approved requests from Southern Oak Insurance Co. and American Integrity Insurance Co. to assume a total of 51,500 policies
Allianz UK will reduce its workforce by 650 positions across its operations in the United Kingdom as it adjusts to increased demand for digital services
The Life Insurance Code Compliance Committee (Life CCC) of Australia sanctioned a life insurer for failing to properly inform 170 customers of their right
The Internal Revenue Service (IRS) reached a settlement with Bruce Molnar, co-founder and majority owner of Alta Holdings, U.S. Risk Associates Insurance, and Newport Re
A new Louisiana law signed by Gov. Jeff Landry introduces penalties for auto insurers that increase premiums solely because a policyholder turns 65
A report by the House of Lords Financial Services Regulation Committee (FSRC) identified risk-averse practices within supervisory bodies and inefficiencies across the regulatory system
Louisiana Governor Jeff Landry vetoed Senate Bill 111, a proposed measure intended to limit the number of lawsuits filed against insurance companies
State Farm General Insurance confirmed it is cooperating with a market conduct examination initiated by the California Department of Insurance
Maria Ailor assumed the role of interim director of the Arizona Department of Insurance and Financial Institutions (DIFI), as reflected on the regulator’s official website
Insurance commissioners from across the United States have asked the U.S. Senate to reconsider specific provisions in the reconciliation bill known as the “One Big Beautiful Bill Act.”
Louisiana lawmakers are advancing legislation related to home insurance as the legislative session approaches its June deadline
AerCap announced that a U.K. Court ruling has confirmed its entitlement to approximately $1 bn in insurance recoveries tied to aircraft and engines stranded in Russia
Aon reported that severe storms in both the United States and Europe in late May and early June 2025 caused insured losses totaling hundreds of millions of dollars across both regions
A legislative proposal in Michigan introduces mandatory premium reductions and consumer protection measures for auto insurance buyers. Senate Bills 328 and 329
PERILS has published its second insurance industry loss estimate for Cyclone Alfred, which impacted Queensland and New South Wales
PERILS AG has issued its final industry loss estimate for the floods that occurred in southern Germany between 31 May and 6 June 2024
A group of executives from U.K. insurance firms, trade bodies, and standard-setting organizations published an open letter urging the insurance industry and related sectors to adopt a single data standard
The Hawaii Legislature passed Senate Bill 1044, which reactivates the Hawaii Hurricane Relief Fund and expands the authority of the Hawaii Property Insurance Association
The California Senate approved Senate Bill 495, which introduces new requirements for property insurers and has drawn opposition from industry groups
House Resolution 336, reintroduced in the U.S. House of Representatives as the Prohibit Auto Insurance Discrimination Act, seeks to ban auto insurers from using non-driving-related factors
Trucordia, formerly known as PCF Insurance Services, will receive a $1.3 bn investment from Carlyle’s Global Credit platform
Aon announced that Dan Hartung has been named global head of event response for Risk Capital, effective immediately
As CEO of Global Solutions, Marcell now leads Aon’s integrated Risk Capital and Human Capital capabilities across the firm’s Reinsurance, Commercial Risk
Insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital positions and buffers, enabling them to absorb external shocks effectively
FCA released a revised version of its enforcement guidelines, reducing the document by 250 pages through the removal of duplicate content and more concise formatting
New annualized premium for individual life insurance in the U.S. reached $3.94 bn in the first quarter of 2025, marking an 8% increase compared to the same period in 2024
A federal court in Florida upheld Amerisure Insurance Co.’s denial of coverage in a dispute over construction defects at a condominium complex
Germany’s financial regulator BaFin is reviewing the investment strategies of 30 to 40 insurance companies with unusually high exposure to alternative assets
European Insurance and Occupational Pensions Authority (EIOPA) has proposed draft guidelines on artificial intelligence use in insurance
Severe convective storms across central U.S. states in mid-May, including destructive tornadoes and hail, likely caused insured losses between $4 bn and $7 bn
Canada’s Office of the Superintendent of Financial Institutions (OSFI) launched three consultations and introduced changes to the Life Insurance Capital Adequacy Test
Louisiana Senate Judiciary A Committee deferred four proposed insurance bills after none of the authors appeared to present them
New York court ordered Millennia Assurance Inc. to deposit $4.75 mn in collateral into a trust account after siding with New York Marine and General Insurance
The Canadian Life and Health Insurance Association (CLHIA) is expanding its data pooling program that uses artificial intelligence to detect potential fraud
Louisiana Governor Jeff Landry signed a six-bill legislative package aimed at lowering automobile insurance costs by limiting certain legal claims
Canadian life insurance new annualized premium rose 13% year over year to C$508 mn in the first quarter of 2025
California FAIR Plan paid $2.7 bn after receiving more than 5,000 claims from the Palisades and Eaton fires in Los Angeles
Sweden is increasing oversight of insurance coverage for Russian vessels operating in the Baltic Sea. This was reported by Swedish radio outlet Ekot
