Germany health reform targets €16 bn in insurance savings – Friedrich Merz
Germany’s Cabinet approved a health care draft law aimed at limiting insurance premium increases, though doctors and patient groups call it austerity
Insurance News
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform capable of handling complex insurance claims entirely autonomously
UNIQA raises solvency ratio to 275% after strong 2025
UNIQA increased premiums to €8.4 bn, lifted profit before tax to €516.4 mn, and strengthened its Solvency II ratio to 275% in 2025
Cyera acquires Ryft for up to $130 mn to expand AI data security
Cyera buys Ryft to strengthen controls over AI-driven data access as enterprises face rising risks from autonomous systems
Insurtech Flock launches a data-driven haulage fleet product with Admiral
Flock launches a data-driven haulage fleet product with Admiral, targeting one of the UK’s largest commercial vehicle segments
Barbados targets MGA growth as global model scales past $104 bn
Barbados positions itself as a competitive MGA domicile, backed by regulatory efficiency, tax advantages, and rising demand for specialized insurance structures
Connecticut court says rental car passengers can access uninsured motorist cover
The Connecticut Supreme Court ruled that passengers injured in a rental car crash can claim uninsured motorist benefits under the driver’s Progressive policy when bodily injury coverage applies to the rental vehicle
Albertsons agrees $774 mn opioid-related claims settlement as legal overhang nears end
Albertsons will pay $774 mn over nine years to settle opioid claims, taking a roughly $600 mn charge that pushed the grocer to a quarterly loss
Florida extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
EBR Systems breach highlights rising cyber pressure on Australia’s healthcare sector
A cyber incident at EBR Systems points to a wider rise in targeted attacks across Australia, where healthcare data carries high value and breach fallout often extends well beyond initial disruption
Data center insurance demand opens $10 bn premium opportunity, says S&P
S&P Global Ratings said insurance demand tied to data center construction could reach $10 bn in premiums in 2026 as AI-driven expansion reshapes risk markets
PERILS lifts Victoria bushfire insurance loss estimate to AUD 810 mn
PERILS raised its second industry loss estimate for the January 2026 Victoria bushfires to AUD 810 mn, with a further update due in July
WTW warns general aviation rate cuts could fade as capacity comes under pressure
WTW said general aviation insurance stayed competitive in early 2026, though major losses, M&A activity and reinsurance pressure could tighten capacity and slow rate reductions
EIOPA and ESM propose EU catastrophe pool to narrow insurance gap
EIOPA and the ESM proposed an EU-wide catastrophe risk-sharing framework to improve insurance access, support affordability and keep private insurers at the centre
Verisk says claims fell in 2025 as losses grew more concentrated
Verisk reported lower insurance claim volumes in 2025, though wildfire, motor theft, gig work and newer liability risks drove tougher loss patterns
Vienna Insurance Group reshapes leadership across group and Austrian subsidiaries
Vienna Insurance Group approved board changes across the group, Wiener Städtische Versicherung and DONAU Versicherung, with all appointments taking effect on 1 July 2026
Aon expands data center insurance program to $3.5 bn capacity
Aon increased its Data Center Lifecycle Insurance Program to $3.5 bn, adding coverage for operational data centers as digital infrastructure risks grow
Standard Life agreed to acquire Aegon UK for £2 bn in retirement savings push
Standard Life agreed to acquire Aegon UK for £2bn, creating the UK’s largest retirement savings and income business with 16mn customers
S&P Global closes Enertel AI deal to deepen North American power forecasts
S&P Global completed its acquisition of Enertel AI, adding short-term AI-driven power price forecasting to its long-term energy market analytics
Frank Carone associates charged in alleged no-fault insurance fraud case
Federal prosecutors charged three associates of Frank Carone in an alleged no-fault insurance fraud scheme, while Carone said he and his firm were victims too
Judge lets insurer payment-fixing case against Zelis and major health insurers move ahead
A federal judge allowed providers’ antitrust case against Zelis, Aetna, Cigna, Elevance, Humana, and UnitedHealth to proceed over out-of-network payment claims
Hartford Insurance to pay $100 mn in Baltimore archdiocese abuse bankruptcy
Hartford agreed to contribute $100 mn toward clergy abuse survivor claims in the Baltimore archdiocese bankruptcy, pending court approval of a reorganization plan
Special master backs $1.6 bn restitution for Greg Lindberg insurance fraud victims
A court-appointed special master recommended about $1.6 bn in restitution for victims tied to Greg Lindberg’s insurance fraud, narrowing who qualifies for payment
Illinois pushes auto insurance overhaul amid rising premiums
Illinois lawmakers are weighing insurance reforms aimed at rate oversight, fairer pricing, and stronger consumer protections as auto coverage costs climb
Healthcare insurance costs move back to the top of US voter concerns
Rising medical costs and higher insurance premiums pushed healthcare back to the top of US domestic concerns, with affordability now outpacing the economy
Brittni Mealy says Future ignored court-ordered $500,000 life insurance policy
Brittni Mealy asked a Georgia court to hold Future in contempt, alleging he failed to secure a $500,000 life insurance policy for their son Prince
Missouri court backs Mount Vernon in $875,000 church fire insurance claim dispute
A Missouri federal court ruled Mount Vernon owed no more than $875,000 on a $2.5 mn church fire policy after the insured failed to support its claim under the policy terms
India plans sovereign backing for Gulf shipping insurance cover
India is preparing sovereign support for marine insurers as Gulf war-risk premiums surge, with proposed backstops worth $1.8 bn to keep cover in place
Minnesota home insurance premiums jumped 34% in a year
Minnesota posted the biggest rise in US homeowner insurance premiums, with costs up 34% as severe weather, repair expenses, and aging homes pushed rates higher
Medicare Advantage insurers get bigger 2027 rate lift after CMS revision
CMS raised 2027 Medicare Advantage payments by 2.48% on average, with risk-model changes pushing the total increase near 5% and insurer shares jumping
DFC and Chubb expand Hormuz maritime insurance facility to $40 bn
DFC and Chubb added six US insurance partners, doubling maritime reinsurance capacity to $40 bn to support trade through the Strait of Hormuz
Farmers Insurance targets 1,700 new agency owners in major distribution push
Farmers plans to add nearly 1,700 agency owners, launch an Elite program for well-capitalized recruits, and expand growth across underrepresented markets
Georgia bill would let property owners sue over local enforcement failures
Georgia lawmakers passed a bill allowing property owners to seek damages from local governments over alleged failures to enforce camping and immigration rules
Texas insurance investigator helped trace suspect in $400 mn Medicare fraud case
A Texas insurance investigator and analyst helped identify and track a Russian national accused of filing $400 mn in fake Medicare claims
NHTSA closes Tesla Smart Summon probe after low-speed crash review
NHTSA closed its probe into Tesla’s Smart Summon feature after finding about 100 low-speed crashes caused minor property damage and no injuries
Deere agrees $99 mn settlement in farm equipment repair case
Deere agreed to a $99 mn settlement over repair access claims and said it will provide digital repair tools for large farm equipment for 10 years
Jones Day data breach exposed files tied to 10 client matters
Jones Day said a phishing attack exposed dated files tied to 10 clients, as the Silent cybercrime group claimed responsibility for the breach
Europe’s biggest insurers face slower growth after strong 2025
Moody’s said Allianz, AXA, Generali and Zurich posted strong 2025 results, though weaker pricing momentum and rising geopolitical risk threaten earnings growth
Hail and AI are reshaping severe storm risk management
Allianz says severe convective storms are driving heavy insured losses, with hail as a major factor and AI becoming more important in resilience planning
US mortgage insurers posted strong 2025 underwriting results: Fitch
Fitch said US mortgage insurers delivered a 7.7% loss ratio in 2025, helped by reserve releases, stable home values, and continued high policy persistency
KYND flags website tracking lawsuits as a growing cyber claims risk
KYND says privacy lawsuits tied to website tracking are rising fast, with SMBs showing higher exposure and insurers facing a harder-to-detect accumulation risk
Fitch says private credit transparency in North America is improving slowly
Fitch says private credit disclosure is rising in North America, though the market remains largely opaque, especially around links to the wider financial system
Geneva Association says cyber insurance must do more for resilience
The Geneva Association says cyber threats are rising faster than many firms can manage, with cyber insurance still underused as a resilience tool, especially among SMEs
Mega M&A deals hit post-2008 high in first quarter of 2026
WTW said 12 mega deals worth $10 bn or more closed in Q1 2026, pushing total completed deal value to a five-year high of $438 bn
Ontario-Quebec ice storm became Canada’s costliest weather loss of 2025
Insured losses from the March 2025 ice storm in Ontario and Quebec reached CAD 466mn, sharpening calls for stronger resilience planning across Canada
Acrisure UK adds four businesses to deepen specialist broking reach
Acrisure UK Broking acquired Confidas, Heathwoods, Marrs and Smith Greenfield, expanding its specialist strength in commercial, property and private client insurance
Aon expands digital infrastructure risk team with two senior hires
Aon appointed Stephen Fox and Brian Hearst to strengthen digital infrastructure and builders’ risk advisory as demand rises for data centres and AI projects
Geospatial Insight launches FireWatch for wildfire risk analysis
FireWatch uses satellite data, weather forecasts, and environmental signals to help insurers, utilities, and governments track wildfire risk in near real time
US shipping insurance plan for Hormuz set to launch soon, Scott Bessent says
Treasury Secretary Scott Bessent said a US insurance programme for Strait of Hormuz shipping will begin soon, aiming to support safer tanker traffic
Connecticut court backs insurer GEICO in towing fee complaint immunity case
A Connecticut appeals court ruled GEICO is protected by absolute immunity when filing DMV complaints over towing and storage charges
QBE and insurtech Aurora launched an automated underwriting capability for Yacht P&I
QBE and Aurora launched an automated underwriting capability for Yacht P&I, cutting broker submission-to-bind time to under 10 minutes
Federal Housing Finance Agency chief accuses Letitia James of false insurance filings
FHFA Director William Pulte sent criminal referrals accusing Letitia James of false statements in insurance filings tied to a Virginia property
Massachusetts insurance brokers plead guilty in $750k fraud scheme
A New Bedford couple pleaded guilty in federal court after prosecutors said they stole more than $750k from insurance clients, lenders, and providers
China rolls out long-term care insurance as ageing pressure builds
China launched a long-term care insurance system to support people with lasting disabilities and ease pressure on families as the population ages
Prudential cuts 54 more jobs in Newark as layoffs reach 237
Prudential filed another WARN notice in New Jersey, bringing total planned job cuts in Newark to 237 since July despite stronger recent earnings
Oklahoma House passes insurance bill to tighten claims oversight
Oklahoma lawmakers advanced HB 2933, adding claims reporting, mediation rules, a Homeowner Claims Bill of Rights, and stronger consumer protection
US Senator Jeanne Shaheen bill targets crop insurance subsidies and aims to save $40 bn
Senator Jeanne Shaheen introduced a bill to cut crop insurance costs, curb abuse, save $40 bn over 10 years, and shift support toward smaller farms
First Central hires banks for potential £1 bn London IPO
UK insurer First Central is working with Deutsche Bank and UBS on a potential London IPO that could value the company at around £1 bn
The EU delayed parts of the AI Act as US AI funding surged, widening Europe's gap in capital, compute, talent and data for startups
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors