Switzerland Crans-Montana victims: insurance claims and compensation updates
Switzerland will pay CHF 50,000 to people hospitalised after the Crans-Montana fire and victims’ families, with up to CHF 20 mn possible for settlements
Insurance News
AM Best affirms Everlake Life Group ratings at A
AM Best affirms Everlake Life Group’s A financial strength rating and a+ issuer credit ratings, with stable outlooks for both insurers
Genworth Financial responds to AXA loss in UK PPI appeal against Santander
Genworth comments on the UK Court of Appeal ruling against AXA in its Santander PPI case and says potential recoveries weren’t included in capital plans
Genworth long-term care adds Family Caregiver Benefit
Genworth long-term care policyholders in eligible states will be able to use benefits for qualified care provided by family members under a new option
The Baldwin Group to go private in $7.7 bn Sequence, Dell deal
The Baldwin Group agrees to a $7.7 bn take-private deal with Sequence Holdings and Dell Family Office, with shareholders receiving $32.50 per share
Venerable Annuity platform to add $4.5 bn of Guardian assets
Venerable Annuity expands its investment advisory platform as about $4.5 bn of Guardian separate account assets move through proposed fund mergers
Lincoln Financial to report Q3 2026 results
Lincoln Financial, a U.S. financial services and insurance company, will report its third-quarter 2026 financial results on Nov. 5. The results cover the three months ended Sept. 30
Marsh completes acquisition of Accel Holdings in Iowa
Marsh completes its acquisition of Iowa-based Accel Holdings, adding insurance, agribusiness, retirement and wealth advisory capabilities to Marsh Agency
Novatae Risk Group acquires trucking MGA Specialized Program Solution
Novatae Risk Group acquired Specialized Program Solutions, a New Jersey MGA focused on underwriting and program administration for long-haul trucking risks
New York declares measles disaster emergency as cases rise
New York declares a statewide measles disaster emergency after 108 cases in 2026, expanding MMR vaccination and testing authority
United Airlines Dulles-to-Rome flight canceled after 12-hour delay
United Airlines Dulles Rome flight was canceled after nearly 12 hours of delays involving technical issues, storms, refueling and crew limits
Hurricane Tracker: Invest 92L development odds rise to 90% as Florida tracks Gulf threat
Hurricane Tracker: Invest 92L has a 90% chance of developing in the Gulf, with a tropical depression expected before it turns toward the northern Gulf Coast
Why did I get $90 from Social Security? Who qualifies for payment
About 20.8 mn Medicare beneficiaries will receive a one-time $90 payment through Social Security, while roughly 40 mn Part B enrollees don’t qualify
UK polar vortex snow weather forecast as El Niño raises risks
El Niño raises the chance of wetter, stormier UK weather, but forecasts do not support widespread snow or a prolonged freeze
Black Sea drone attacks on ships raise marine insurance risks off Bulgaria and Romania
Drone attacks sank commercial ships off Bulgaria and Romania in two days, raising Black Sea shipping and marine war insurance concerns
ASOS hacked in data breach affecting UK and Australia
ASOS is investigating unauthorised activity after hackers sent customers a message claiming access to Snowflake. Names and contact details may be exposed
World Space Week 2026 focuses on Rocket Revolution
World Space Week 2026 runs under the Rocket Revolution theme, focusing on reusable rockets, commercial launches and wider access to orbit
Insurers brace for multimillion-dollar claims over rogue AI agents. OpenAI lawsuits
Insurers are assessing multimillion-dollar AI claims as autonomous agents raise questions over developer, executive and policyholder liability
Arsenal Insurance and VUSO pay $2.2 mn for Kyiv business centres damaged by missile strike
Arsenal Insurance and VUSO have completed the settlement of insurance claims related to damage to two business centres belonging to the same network in Kyiv following a missile attack
Hackers accessed VL Prosperity oil supertanker propulsion system near Texas
Hackers accessed the propulsion system of oil supertanker VL Prosperity near Texas, prompting an FBI and US Coast Guard cybersecurity investigation
US commercial property insurance rates fall 14.5% as market softens
Commercial property insurance rates fell 14.5% in Q2 2026 as capacity increased, while cyber pricing stayed broadly flat and casualty increases moderated
El Niño shifts US weather risks after unusually quiet hurricane season
The Atlantic enters October without a hurricane as a strengthening El Niño raises winter risks from heavy rain, flooding and tornadoes in Florida
Cowbell launches Risk Advisor AI agent for cyber policyholders
Cowbell, a provider of AI-native cyber and specialty insurance for SMEs, launches Risk Advisor, an AI agent offering evidence-backed cyber risk guidance
ANV Group completes acquisition of Assured Underwriting Group
ANV Group Holdings completes its acquisition of Assured Underwriting Group, a specialist MGA serving tour operators across the UK and Europe
Star Health and Allied Insurance data breach case reaches Supreme Court
India’s Supreme Court refused to quash criminal proceedings against cybersecurity researcher Himanshu Pathak over the Star Health and Allied Insurance data breach case
Times Car data breach exposes 6.6 mn customer accounts in Japan
Times Mobility says a cyberattack exposed data from 6.6 mn current and former accounts, including ID images, addresses, phone numbers and email addresses
A Texas judge approves $177 mn AT&T data breach settlement
A Texas federal judge approved AT&T’s $177 mn settlement over two 2024 data breaches affecting millions of current and former customers
Pneumonic plague fears in Russia: how serious is the risk to the rest of the world?
Fears of a possible plague outbreak in Russia have spread beyond Siberia after the death of a worker at an institute that studies Yersinia pestis, the bacterium responsible for plague
British Airways BA295 returns to Heathrow after emergency over Ireland
British Airways flight BA295 to Chicago returned to Heathrow after declaring an emergency over Ireland and descending from 37,000 feet to 9,000 feet
Trump announces $90 Medicare payments for 20.8 mn Americans and repeats $5,000 pledge
Trump announces one-time $90 Medicare payments for 20.8 million Americans and repeats his $5,000 pledge if Republicans retain Congress
UK electric vehicle (EV) registrations hit record through 2026
UK battery EV registrations rose 36.3% to 99,199 in September, taking 28.3% of the new car market as total registrations reached 350,518
El Niño Kelvin wave could raise California sea levels by up to 1 foot
A Kelvin wave linked to El Niño is expected to raise California sea levels by up to 1 foot, increasing coastal flooding and erosion risks along the West Coast
Earthquake strikes Victoria, shaking Melbourne – Geoscience Australia
A magnitude 4.8 earthquake struck near Leongatha in Victoria, shaking Melbourne and South Gippsland before a magnitude 3.1 aftershock followed
Chubb appoints Paul Jones as Head of Accident & Health, EMEA
Chubb appoints Paul Jones as Head of Accident & Health for EMEA, overseeing the insurer’s regional A&H business and growth across corporate and consumer markets
Allstate sues three New York pharmacies over no-fault insurance claims
Allstate filed three RICO lawsuits against New York pharmacies, seeking recovery of $414,000 paid and relief from more than $703,000 in unpaid claim
Luigi Mangione’s New York murder trial postponed over double jeopardy claim
Luigi Mangione’s New York murder trial is postponed indefinitely as his lawyers seek dismissal after his federal guilty plea in the Brian Thompson case
DentaQuest data breach exposes health and personal data of 15 mn people
DentaQuest says at least 15 mn people were affected by a May cyberattack that exposed personal, insurance and dental or vision health information
DriveWealth breach exposes data of Revolut trading customers
DriveWealth disclosed a September breach exposing personal data of some Revolut customers who used its US stock trading infrastructure
Social Security benefit increase projection for 2027 reaches 3.5-3.6%
Social Security’s 2027 cost-of-living adjustment is forecast at 3.5-3.6%, above the 2.8% increase for 2026. he Senior Citizens League projects a 3.5% COLA, while AARP expects 3.6%
Los Angeles asks LA28 to secure $650 mn cancellation insurance cover
Los Angeles has asked LA28 to obtain $650 mn in event cancellation insurance and cover losses above the limit ahead of the 2028 Olympic Games
Gallagher acquires Albany Insurance in New Zealand
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting firm, acquires New Zealand-based Albany Insurance Services
Florida Supreme Court to hear Citizens insurance arbitration case
Florida’s Supreme Court will review whether Citizens Property Insurance can require policyholders to resolve claims through binding arbitration before DOAH
Neptune Insurance brings flood insurance shopping to AI agents
Neptune, the largest private flood insurance provider in the U.S., is opening another route to coverage through AI agents such as Meta’s Muse
Minnesota health insurance rates to rise up to 21.4% in 2027
Minnesota health insurance rates will rise 9.9% to 21.1% in the individual market and 10.6% to 21.4% for small group plans in 2027
Zurich completes £8.1 bn acquisition of Lloyd’s insurer Beazley
Zurich Insurance Group completes its £8.1 bn acquisition of Lloyd’s insurer Beazley, creating what it says is the world’s largest specialty insurer
AXA XL launches dedicated E&S insurance company for wholesale brokers
AXA XL, the P&C and specialty risk division of AXA, launches AXA XL E&S, a dedicated carrier for wholesale brokers, with underwriting starting in 2027
US insurers narrow Medicare Advantage provider access for 2027
UnitedHealthcare and Aetna will offer more Medicare Advantage plans with tighter provider networks in 2027 as insurers respond to higher medical costs
Federal Employees Health Benefits premiums to rise 10.9% for federal workers in 2027
Federal employees and retirees will pay 10.9% more on average for FEHB coverage in 2027, marking a third year of double-digit increases
Aon launches property and casualty risk diagnostic tools
Aon launches Property Risk Diagnostic and Casualty Risk Diagnostic tools to help companies assess exposure, loss drivers and insurance strategy
Allianz names new CEOs at Allianz Partners and Allianz Direct
Allianz names Philipp Kroetz CEO of Allianz Partners and Laurent Floquet CEO of Allianz Direct, with both appointments effective November 1, 2026
Lyft to pay $272.5 mn in California driver settlement
Lyft will pay $272.5 mn to settle California claims that it misclassified drivers and denied wage and workplace protections under state law
Aon launches Professional Liability Risk Analyzer for law firms
Aon plc, a global professional services firm, launches its Professional Liability Risk Analyzer to quantify law firm exposure and test insurance structures
86% of Americans back independent AI safety standards
A Quinnipiac poll finds 86% of Americans support independent AI safety standards, while 81% put safety ahead of staying at the forefront of innovation
Jeff Bezos’ Earth Fund adds $25 mn to Pacific ocean conservation effort
Jeff Bezos’ Earth Fund adds more than $25 mn for Pacific ocean conservation as it works to distribute the remainder of his $10 bn climate pledge by 2030
VUSO becomes official partner of Ukraine national football team
Insurer VUSO has become an official partner of the Ukraine national football team under a new agreement with the Ukrainian Association of Football
Global air freight demand rises 6% as shippers seek floating rates – Xeneta
Global air freight demand rose 6% year-on-year in September as shippers shifted toward shorter contracts and floating rate mechanisms, Xeneta data show
How motor insurance builds long-term value in Ukraine
Ukraine sold around 81,000 new passenger cars in 2025, the strongest result since 2014 and 17% above the previous year. Yet the used-car market is far larger
ARX increases war risk insurance limits for businesses to $30 mn
ARX expands war risk insurance for businesses in Ukraine. Through partnerships with DFC and Lloyd’s, coverage limits can reach $30 mn
Hanwha Life to acquire Acuon Capital for $323 mn
Hanwha Life will acquire 50.54% of Acuon Capital for $323 mn and invest $367 mn in Hanwha Investment & Securities
DOJ files Minnesota federal judges misconduct complaint
The Justice Department filed a misconduct complaint against Minnesota federal judges, seeking recusals from DHS cases and an Eighth Circuit inquiry
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension
Discover how motor vehicle tort cases added $42.8 bn in excess litigation costs in 2014–2024. Triple-I highlights rising case volumes and the impact on insurance costs
Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
Geoeconomic fragmentation makes managing global risks like climate, cyber, and pandemic risks more difficult for insurance and reinsurance sectors