Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Insurance News
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Global Aerospace names Eric Donofrio president from 2027
Global Aerospace appointed Eric Donofrio as president from January 2027 as Jeffrey Bruno retires after nearly four decades with the company
US offshore life reinsurance reserves reach $1.3 tn
US life insurers ceded $1.3 tn of reserves offshore in 2025, nearly double 2020 levels, with Bermuda accounting for 85%, according to Fitch
Amazon Boeing 767-300 cargo plane crash at Miami airport kills at least five
At least five people were killed after an Amazon Prime Air Boeing 767 overran a runway at Miami International Airport and struck vehicles
Great Hill invests in Aurenity, a technology-enabled E&S MGA, to support underwriting
Great Hill Partners invested in E&S MGA Aurenity to support new specialty programs, underwriting hires and further investment in AI and automation
Global air cargo demand rises 6% as freight rates stay elevated
Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
ICEYE partnered with The Water Institute to add FloodID predictive modeling to its satellite-based flood intelligence services for US users
Former Alabama sheriff’s deputy indicted in $24 mn life insurance fraud case
Federal prosecutors charged a former Alabama deputy and his wife in an alleged identity theft and life insurance fraud scheme involving $24 mn in policies
Maryland opened employer registration for Family and Medical Leave Insurance program (FAMLI)
Maryland opened employer registration for FAMLI, with payroll deductions starting in January 2027 and paid leave benefits beginning in January 2028
Federal officials promote CHOICE health insurance model in Indiana
Federal officials promoted CHOICE health arrangements in Indiana as employers seek alternatives to traditional group health insurance amid rising costs
Howden Re and Synthetik launch UNREST model for civil unrest risk
Howden Re and Synthetik launched UNREST, a property-level model for measuring strikes, riots and civil commotion exposure and potential insured losses
Lockton Insurance named in NBA Clippers probe over Kawhi Leonard endorsement
Lockton Insurance was named in the NBA investigation into Clippers salary-cap violations involving endorsement agreements for Kawhi Leonard
FBI probes possible ID verification breach exposing license scans
The FBI is investigating a possible breach involving more than 160 mn North American driver’s license records advertised on a cybercrime forum
Aon to acquire USI Insurance Services from KKR for $17 bn
Aon agreed to acquire USI Insurance Services from KKR and co-investors for $17 bn in cash, with closing expected in the fourth quarter of 2026
Verisk launches US data center exposure database for insurers
Verisk launched a US data center exposure database covering more than 2,500 facilities as insurers assess growing AI infrastructure concentrations
Natural catastrophe protection gap leaves most losses uninsured
Only 38% of global natural catastrophe losses are insured, Verisk says, with Europe’s coverage rate at 22% and far lower protection in some markets
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
A Florida judge granted summary judgment against investment funds that accused former Lighthouse Property Insurance executives of concealing Hurricane Ida losses
Marsh has renamed Guy Carpenter as Marsh Re
Marsh has renamed Guy Carpenter as Marsh Re, combining reinsurance and capital solutions under the broader Marsh brand after more than 100 years
US employer health benefit costs projected to rise sharply in 2027
US employer health benefit costs are projected to rise sharply in 2027, with GLP-1 weight-loss drugs adding about one percentage point to the increase
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
Florida homeowners and auto policyholders paid $3 bn less for insurance
Florida homeowners and auto policyholders paid nearly $3 bn less in 2025 as insurance litigation declined and market conditions improved, a study found
Autonomous AI agents challenge traditional cyber insurance definitions
Traditional cyber policies often assume malicious activity originates with a person or organized group, while an autonomous AI agent might initiate harmful actions
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Insurance AI adoption exposes verification gap, study finds
Insurance AI adoption is moving faster than verification controls as synthetic media raises fraud risks across claims and underwriting, research finds
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
Philadelphia residents get 15% NFIP flood insurance discount
Philadelphia residents receive a 15% discount on eligible NFIP flood insurance policies issued from April 2026, saving about $424,000 annually
Citizens Property Insurance sends 45,000 Florida homeowners non-renewal notices
Citizens Property Insurance sent 45,000 Florida homeowners non-renewal notices as the state-backed insurer continues shrinking its policy count
Kansas insurance regulators recover nearly $29 mn for consumers
Kansas insurance regulators closed more than 3,000 complaints in 2025 and recovered nearly $29 mn for consumers, up 147% from 2024
US community banks revive private deposit insurance above FDIC limits
Community Bankers Insurance Alliance plans private deposit insurance above the FDIC’s $250,000 limit and seeks $200 mn in equity capital to launch
Bamboo Insurance launches Texas Essential homeowners program
Bamboo Insurance launched Texas Essential, an admitted homeowners product offering flexible roof, water and loss settlement options in Texas
Global P&C insurer RoAE rises to record 16.8% in 2025
Aon says global P&C insurers reached 16.8% RoAE in 2025, while premium growth slowed and performance gaps widened across the sector
Lockton launches US Aviation Practice led by Taylor Anderson
Lockton launches a dedicated US Aviation Practice and appoints Taylor Anderson to lead insurance, risk advisory and aviation client services nationwide
Allianz Commercial appoints Emma Woolley to lead global specialty and UK
Allianz Commercial named Emma Woolley President Global Specialty and UK Region, with responsibility for specialty lines and the UK insurance market
Orion180 files for US IPO as specialty home insurance grows
Orion180 filed for a US IPO after posting $13.5 mn in 1H26 net income and $601 mn in direct written premiums over the past 12 months
US title insurance margins rise to 11.5% in 1H 2026
US title insurers lifted operating margins to 11.5% in 1H 2026 as large commercial deals supported premium growth, earnings and expense control
Apollo Global Management data breach exposes personal information
Apollo Global Management reported a July cyberattack that exposed personal data, including Social Security numbers, after unauthorized cloud access
WTW sues Lockton over alleged raid on construction insurance team
WTW accused Lockton and 18 former employees of taking 13 construction insurance clients worth more than $5 mn in annual revenue
Comcast $117.5 mn data breach settlement wins federal approval
A federal judge approved Comcast’s $117.5 mn data breach settlement covering 31.7 mn potential class members affected by the 2023 Citrix breach
Former Virginia insurance agent pleads guilty to $164,345 fraud
Former Virginia insurance agent Thomas Hoyt pleaded guilty to wire fraud after diverting about $164,345 in client insurance premiums
Texas orders insurance reforms as homeowners premiums rise 79%
Texas Gov. Greg Abbott ordered insurance regulators to address homeowners premiums after average annual costs climbed 79% in six years
California uninsured population projected to double by 2030, raising pressure on insurers
Federal Medicaid and ACA cuts are projected to leave 4.6 mn Californians uninsured by 2030, raising pressure on hospitals, insurers and state finances
Florida ACA enrollment drops as higher health insurance premiums strain households
Florida lost about 443,000 ACA enrollees after enhanced subsidies expired, leaving households exposed to higher premiums and medical costs
Medicare for All: how the plan would reshape US health insurance
Medicare for All would replace today’s Medicare structure, restrict duplicate private coverage and shift US healthcare financing toward a federal plan
Mark Walter’s insurance empire faces US scrutiny over private credit
Federal probes into Mark Walter-linked insurers put private credit, related-party assets and sports holdings under closer market and regulatory review
Florida man charged in $206,000 vehicle insurance fraud case
Florida officials say Adam Otrok filed 41 fake luxury vehicle insurance applications and stole $44,704 from a $206,000 fraud attempt
Saudi Arabia weighs state-backed war-risk insurance pool for ships
Saudi Arabia has discussed a state-backed marine war-risk insurance pool with London brokers as Iran and Houthi threats raise regional costs
Gulf, Red Sea shipping insurance costs surge as war-risks rise
War-risk premiums climb for ships in the Persian Gulf and Red Sea as insurer appetite tightens and regional attacks reshape voyage costs.
India weighs health insurance reforms as medical inflation rises
India is reviewing health insurance reforms, including treatment-rate benchmarks and a claims exchange, as medical inflation runs near 12% to 14%
DIFC Court of Appeal limits reinsurer defence-cost liability
DIFC Court of Appeal says English law governs a $70 mn marine war-risk reinsurance dispute and rejects open-ended defence-cost liability
EBRD to expand Ukraine war-risk reinsurance facility after full use
EBRD plans to widen its Ukraine war-risk reinsurance facility with Aon after €360 mn in goods and vehicle movements used the scheme in nine months
AI data center investment will top $1 trn by 2027, raising construction and insurance exposures
Allianz Commercial says AI data center investment will top $1 trn by 2027, raising construction, climate and insurance exposures
Illinois gives insurance regulator power over home and auto insurance rates
Illinois will let its insurance department challenge home and auto insurance rate filings it finds excessive, inadequate or discriminatory
Delaware judge ruled Verisk’s termination of the $2.35 bn AccuLynx acquisition invalid
A Delaware judge ruled Verisk invalidly terminated its $2.35 bn AccuLynx acquisition and must try to complete the FTC-dependent deal
Reinsurers test pricing discipline as capital rises
AM Best says reinsurers face a 12-month test as record capital, strong earnings and rising competition push the market softer
Maryland insurance regulator recovers $53.5 mn for residents and businesses
Maryland Insurance Administration recovered more than $53.5 mn for residents and businesses in H1 2026 through complaints, reviews and enforcement
New Jersey Supreme Court backs D&O insurance capacity exclusion
The New Jersey Supreme Court affirmed an appellate ruling that allowed a D&O insurer to withdraw coverage under a capacity exclusion
Auto insurance shopping declined in Q2 2026
J.D. Power and TransUnion data show lower auto insurance shopping, higher switching, affordability pressure and early AI use in policy research
Insurity and ITS partner on insurance modernization
Insurity partners with ITS to help insurers modernize cloud platforms, plan implementations, migrate data, test systems and improve delivery outcomes
Insurtech EigenRisk adds Weatherwatch hail data to EigenPrism
EigenRisk adds Weatherwatch’s Australian hail footprints to EigenPrism, giving insurers and risk managers faster storm-event views
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y