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
Insurance News
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
SUPERAGENT 3.0 brings vertical AI to insurance agencies
SUPERAGENT AI launches 3.0 with conversational workflows, call scoring, producer training, custom skills and human approval for agency changes
Allianz Global Investors buys UOB Asset Management to expand in Asia Pacific
AllianzGI will acquire UOB Asset Management for SGD 555 mn, lifting regional client assets above €170 bn and deepening South-East Asia reach
Autonomous mobility race splits US, China and Europe
US robotaxi growth, China’s state-backed rollout and Europe’s transit-first strategy show three different routes to autonomous mobility
Allianz reports €4.9 bn operating profit in 2Q 2026, €9.4 bn for 6M
Allianz reports €4.9 bn operating profit in 2Q 2026, €9.4 bn for 6M, 225% Solvency II ratio and solid asset management growth
Allianz buys HSBC Singapore insurance arm for $2.7 bn
Allianz will buy HSBC’s Singapore insurance unit for $2.7 bn and enter a 15-year distribution deal in the Asian wealth hub
Inszone acquires Two Fong’s Bay Area insurance agency
Inszone buys Two Fong’s Inc., adding Bay Area commercial property and lessor’s risk expertise to its California brokerage network
Americans losing trust in healthcare quality, insurance coverage and affordability
Gallup and KFF data show Americans losing trust in healthcare quality, coverage and affordability as insurance problems hit more families
Delayed home insurance claims add $8.8 mn daily, report says
For every extra day home insurance claims remain unpaid, the industry earns another $8.8 mn in interest and investment income
Oklahoma health insurance premiums face double-digit increases
Oklahoma state employees could see health insurance premiums rise by up to 19.5%, while private and ACA plans are also expected to post double-digit increases
California wildfire insurance reform should focus on risk reduction
California’s homeowners insurance market is under pressure from wildfire losses, rising premiums and reduced coverage, while policymakers assess further reforms
US sells two seized Russia-linked shadow fleet tankers for scrap
The US sold the Era and Lileo, two Russia-linked oil tankers seized during its Venezuela blockade, while scrutiny grows over enforcement against shadow-fleet shipping
Luigi Mangione trial over UnitedHealthcare CEO killing gets anonymous jury
Judge orders anonymous jury for Luigi Mangione’s murder trial over the 2024 killing of UnitedHealthcare CEO Brian Thompson in Manhattan
US homeowners insurance non-renewals surge
NAIC data show homeowners insurance non-renewals rose across every US region as climate losses and premiums pressure property coverage
Manitoba and Saskatchewan storms drive insured losses above $840 mn
Insured losses from June 9-10 storms in Manitoba and Saskatchewan have topped $840 mn after tornadoes, hail, flooding and damaging winds
US telecom data center links exposed Salt Typhoon risks
House China panel says US telecom links to data centers left carriers exposed to Salt Typhoon and Chinese state-owned infrastructure
Fairfax Q2 shows Brit pricing pressure and global growth
Fairfax Financial Holdings reported $1.39 bn in net earnings attributable to shareholders for the second quarter of 2026, equal to $63.38 per diluted share
IKEA customers in the UK get flexible home insurance through Urban Jungle
IKEA customers in the UK get flexible home insurance through Urban Jungle, with buildings, contents or combined cover arranged online in minutes
Oklahoma lawmakers study rising home insurance costs
Oklahoma lawmakers will review homeowners insurance costs, weather losses, claims, litigation, reinsurance and building rules during an interim study
Oregon health insurance premiums face 15.5% increase
Oregon regulators cut proposed 2027 health insurance rate hikes, but individual and small-business plans still face sharp premium increases
Illinois Bill 714 targets auto insurance premium hikes
Illinois will require advance notice for auto rate hikes above 10% and give regulators more power over excessive premiums.
Relation Insurance buys Gary McKeighan Insurance in California
Relation Insurance Services acquires Fresno-based Gary McKeighan Insurance, adding farm, ag and business insurance expertise in California
Car insurance fraud drives higher driver premiums
Staged crashes, false injury claims and inflated repair bills raise auto insurance costs and slow legitimate claims for drivers
Louisiana home insurance rates show signs of stabilization
Louisiana homeowners insurance rate increases have slowed to 0.1% in 2026 as more insurers enter the market and competition returns
Florida home insurance rates fall in 51 counties as the hurricane season continues
Florida regulators report lower home insurance rates in 51 counties as litigation reforms, fewer Citizens policies and cheaper reinsurance ease premiums
Europe wildfires test insurers as climate losses rise
France, Spain and Greece face wildfire losses as insurers absorb claims and Europe debates who pays for climate-driven disaster risk
Insurtech Federato launches AI claims system for insurers
Insurtech Federato launched Federato Claims, an end-to-end claims management system built on the same AI-native platform as its underwriting, policy administration
Faye raises $50 mn in Series C for AI travel insurance expansion
Faye raises $50 mn in Series C funding led by Madrona, lifting total funding to $100 mn for AI claims, fintech and global growth
USDA gives farmers 60 more days for crop insurance premiums
USDA extends crop insurance premium deadlines by 60 days and restores prevented planting buy-up coverage after farmer backlash
Gallagher buys Apollo to expand digital insurance in Canada
Gallagher acquires Apollo, a Vancouver digital broker and MGA focused on tenant insurance, as Canadian insurance placement shifts further online
Senate Democrats seek changes to the US health insurance system
Senate Democrats propose ACA subsidies, public option plans, prior authorization limits and tighter rules for PBMs and insurers
Illinois gives regulators power over auto insurance rates
Illinois will review large auto and home insurance rate hikes after Gov. JB Pritzker signed new consumer protection law
US Health Insurance Transparency for Patients Act targets health insurance denial reporting
A new House bill would force health insurers to report denial rates, appeal outcomes, prior authorization rules and decision times
Affordable Care Act subsidy cuts push more former exchange members uninsured
Hospitals say most patients who lost ACA exchange coverage after subsidy cuts now arrive uninsured, adding pressure to margins and elective care revenue
Mapfre buys 38.9% stake in Spanish insurtech Tuio
Mapfre will acquire 38.9% of Tuio as the Spanish insurtech prepares to expand across Europe and Latin America next year
Mapfre USA to acquire Safety Insurance for $1.54 bn
Mapfre USA agrees to buy Safety Insurance for $1.54 bn, expanding its Massachusetts and Northeast P&C position
Insurtech Root launches behavior-based car insurance in New Jersey
Root launches mobile-first auto insurance in New Jersey, its 37th state, reaching more than 80% of the US population
Insurtech Hippo reports $10 mn net income and raises 2026 guidance
Hippo Holdings, a technology-native insurance platform, reported net income of $10 mn for the quarter ended June 30, 2026. The result equaled $0.38 per diluted share
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least €1.4 bn
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least €1.4 bn as former and current employees hold 9.4% of Pimco
Axa profit rises despite Europe wildfire and Middle East losses
Axa reported higher first-half profit despite European wildfire claims and a €100 mn hit tied to Middle East war and political violence risks
Steadfast extends exclusivity for Amwins and Dragoneer’s $5.41 bn takeover offer
Steadfast extends exclusivity for Amwins and Dragoneer’s A$7.7 bn takeover offer as due diligence nears completion
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
American Family Mutual Insurance to buy Bowhead in $1.2 bn cash deal
American Family will acquire remaining Bowhead shares for $34.00 each, valuing the specialty insurer at about $1.2 bn
Three Washington wildfires destroy more than 700 homes and businesses near Spokane
Three Washington wildfires destroy more than 700 homes and businesses near Spokane, forcing 60,000 evacuations as insurers prepare claims teams
Green Shield expands home insurance program and launches Compass agent portal
Green Shield expands Guardian Elite Home in California and Colorado and launches Compass, a digital portal for high-value homeowners insurance agents
Chartered Institute of Loss Adjusters urges adjusters to submit fire and flood loss data
As the UK experiences one of its most severe wildfire seasons on record the Chartered Institute of Loss Adjusters (CILA) has called for loss adjusters to submit large loss data
Delaware Life Insurance case puts insurer governance in focus
Fitch says Delaware Life’s investment reclassification shows governance pressure as U.S. life insurers add private credit and affiliated exposure
AI, IoT reshape corporate risk and insurance tools
RiskScan respondents rank AI, smart devices and IoT as the most influential technologies changing corporate risk management
Cyber and climate risks reshape insurance priorities
Cyber incidents, climate losses and liability pressures reshape corporate insurance risk as organizations face connected threats across value chains
Economic pressure is reshaping the risk environment
RiskScan data shows inflation, economic decline and property insurance costs pushing insurers to reassess pricing, claims severity and capital strategy
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
EXPAS turns explosion risk evidence into insurance intelligence
EXPAS converts operational safety evidence into measurable explosion risk intelligence for operators, insurers, reinsurers and brokers
Verisk acquires McKenzie Intelligence Services for catastrophe risk analytics
Verisk buys MIS to add real-time geospatial intelligence, catastrophe response data and political violence risk analytics for insurers
Health insurance job lock hits 24% of U.S. workers
About 23 mn U.S. workers stay in jobs they want to leave to keep health insurance, as healthcare costs and chronic disease risks shape career choices
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits
California health insurance enrollment: learn Covered California deadlines, open enrollment dates, special enrollment options, subsidies and Medi-Cal eligibility
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Health insurance is an integral part of employee benefits packages in the United States. However, any employer federally required to provide this compensation could admit that their costs can be burdensome