Cyclone Harry caused over €1 bn in Sicily losses and exposed NatCat insurance gaps
Cyclone Harry caused over €1 bn in Sicily losses and showed why Italy’s mandatory disaster insurance leaves firms exposed to storm surge risk
Insurance News
New York expands auto insurance fraud crackdown
New York is widening its campaign against auto insurance fraud after a sharp rise in suspected fraud incidents and rising pressure on vehicle owners
New York approved a 22% workers’ comp loss cost cut for October
New York approved a 21.9% workers’ comp loss cost cut for Oct. 1, with projected employer savings above $1 bn
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
Global commercial insurance rates fell by an average of 6% in Q2 2026
Global commercial insurance rates fell 6% in Q2 2026 as property pricing softened and casualty costs rose in the US
AI insurance fraud cases in the U.S. nearly triple in two years – Oklahoma Insurance Commissioner
AI-generated receipts, photos and documents are driving new insurance fraud risks as Oklahoma warns policyholders and insurers
EIOPA presses private equity on long-term European insurer ownership
European supervisors want PE buyers of insurers to prove long-term support for policyholders, with scrutiny on private credit and affiliated deals
Mike Mazzei attacks Oklahoma Attorney General lawsuits against insurers
Mike Mazzei says Oklahoma should focus on insurance reform, not lawsuits against State Farm and Allstate over storm claims
European insurers’ premiums reach €923 bn in 2025
European insurers maintained steady growth in 2025, according to the latest Mapfre Economics report. The continent’s 20 largest insurance groups recorded €922.8 bn
Contents acquires fintech Balio to expand enterprise AI in Spain
Contents buys Barcelona-based Balio, its sixth acquisition, as the Milan company expands AI workflow tools across European enterprise software
Xentra raises £2.7 mn from Maven VCTs and NPIF II for SME cyber services
Leeds-based Xentra secures £2.7 mn from Maven VCTs and NPIF II to expand cyber, safeguarding and regulatory services for SMEs
Allstate wins jury trial right in New Jersey insurance fraud case
New Jersey Supreme Court says Allstate fraud and RICO claims against medical providers belong in court, not PIP arbitration
Red Sea war insurance premiums rise after Houthi blockade threat
War risk premiums for Red Sea shipping rose after Yemen’s Houthis threatened a naval blockade on Saudi Arabia, raising risks for oil and trade routes
New Yorkers lose Essential Plan health insurance coverage after eligibility cut
New York’s Essential Plan change leaves 450,000 residents seeking new health coverage as marketplace premiums replace low-cost insurance
Louisiana Insurance Commissioner is urging insurance checks before Gulf storm
Louisiana residents are being urged to review home and flood cover as Tropical Depression Two moves toward the Gulf Coast
Connecticut reverses insurance denial for rare transplant
Connecticut officials reverse a third coverage denial for a man needing a multivisceral transplant after doctors gave him a 10% survival chance
Cross-border eVTOL insurance clears Hong Kong hurdle – Yivtol secured the first policy
Yivtol secures Hong Kong-compliant eVTOL cover underwritten in Shenzhen, giving its S-Zero aircraft access to the city’s aviation market
New Jersey insurance brokers face Consumer Fraud Act liability after Lowe ruling
New Jersey Supreme Court rules insurance brokers, producers and agents face CFA claims tied to insurance sales, marketing and coverage advice
NAIC weighs template for felon insurance license requests
NAIC reviews how states treat felony convictions, sealed records and consent requests for insurance producer licensing
Insurtech Lemonade brings renters insurance to Nebraska
Lemonade launches renters insurance in Nebraska, with app-based quotes, policy management and claims handling from $5 per month
Dubai airline returns slow as war insurance tightens
Dubai Airports says some European carriers face insurance hurdles as US-Iran strikes and travel advisories keep Gulf routes under pressure
Delaware Life Insurance faces scrutiny over Mark Walter-linked credit bets
US prosecutors examine whether Walter-controlled life insurers disclosed private credit investments tied to affiliated ventures
California telematics bill could reshape auto insurance pricing
California AB 311 would let auto insurers price optional telematics data, raising safety claims, privacy concerns and Prop. 103 objections
California FAIR Plan now insures more new home loans
California FAIR Plan coverage now appears in 5.6% of new California home loans as wildfire risk and insurance availability pressure buyers
Asia-Pacific insurance M&A slows despite India and Malaysia deals
India and Malaysia posted large insurance M&A deals in Q2, though Asia-Pacific activity fell to its lowest level in five quarters
New Jersey e-bike rules add registration and insurance
New Jersey riders now need licenses, registration and insurance for some e-bikes as the state tightens rules after fatal crashes
Aon adds $5 bn capacity to data center insurance program
Aon expands its data center insurance program with $5 bn in capacity as AI, cloud and hyperscale projects raise demand for risk cover
White House builds AI cybersecurity clearinghouse GOLD EAGLE
Gold Eagle will let US agencies and AI firms share vulnerability data, scan open-source software and review advanced models voluntarily
Trump administration prepares new safety rules for robotaxis
NHTSA is preparing behavioural safety standards for autonomous vehicles after robotaxi incidents involving construction zones, school buses and first responders
Xeneta lifts 2026 air freight rate forecast after Middle East shock
Shipper long-term rates to raise 5% to 15% during 2026 after the escalation of conflict in the Middle East changed the rate, demand and supply picture for global cargo markets
Lloyd’s expands multinational insurance access in India
Lloyd’s signs ICICI Lombard as its local partner in India, giving managing agents a route to local policies for selected business lines
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
Insurtech Cover Genius raises $100 mn at $1.9 bn valuation to expand embedded protection
Cover Genius raised $100 mn from Vista Credit Partners to expand embedded protection, AI claims tools and platform capacity across global digital partners
AIoT tech Targa Telematics adds Agentic AI to fleet maintenance
Targa Telematics launches Maintenance Excellence to connect fleet data, automate maintenance workflows and reduce downtime for mobility operators
Insurtech Vertafore launches Velocity AI agent for MGA submission intake
Vertafore’s Velocity AI agent reads submissions, extracts data and helps MGAs move underwriting files into review with less manual work
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits, Allianz capacity, telemetry and risk intelligence
American Growth Insurance raises $70 mn to buy U.S. brokerages and rebuild operations with AI agents
American Growth Insurance plans to acquire U.S. brokerages and rebuild operations with AI agents, automation and a human service model
Maryland court limits GEICO wrongful death payout to $30,000
Maryland’s highest court upheld GEICO’s household exclusion, limiting wrongful death claims by four adult children to the state’s $30,000 minimum
Utah home insurance premiums rise as wildfire risk grows
Utah home insurance premiums rose 59% since 2021 as wildfires, high-risk housing growth and insurer pricing draw lawmaker scrutiny
Connecticut expands health insurance coverage mandates
Connecticut will require insurers to cover scalp cooling, athletic prosthetics, PANDAS and PANS care, and expanded infertility treatment
Missouri insurance regulator Angela Nelson warns homeowners after rare flood emergency
Missouri insurance regulator Angela Nelson urges homeowners to review flood risk after July 10 storms caused severe flooding and rescues
Howden Re hires Jay Sogliuzzo to lead North America MET treaty
Howden Re appoints Jay Sogliuzzo to expand North America marine, energy and terror treaty capabilities amid rising geopolitical risk
New York halts large data center projects for one year
New York pauses large data center approvals above 50 MW as AI demand increases pressure on electricity, water use and local communities
Lloyd’s List Intelligence launches vessel risk tool for underwriters
Lloyd’s List Intelligence adds Vessel Due Diligence to Seasearcher, giving marine underwriters and vessel vetters one platform for risk checks
Multinational cargo insurance programs strengthen supply chain control
Multinational cargo insurance programs give global companies better supply chain visibility, faster claims coordination and stronger loss prevention
Arizona law “Comma Bill” ends grammar dispute over firefighter illness insurance claims
Arizona changed workers’ compensation rules after punctuation disputes blocked firefighter illness claims and limited coverage for cancer treatment
Former NFL wide receiver Alshon Jeffery reaches deal to dismiss insurance fraud charges
Former NFL receiver Alshon Jeffery reached a conditional deal with San Diego prosecutors to dismiss two felony insurance fraud charge
Insurance M&A hit $29.6 bn across 191 disclosed deals, while AI began to reshape valuations
Insurance M&A reached $29.6 bn across 191 disclosed deals as AI starts to affect broker valuations, underwriting investment and capital strategy
23andMe breach settlement limits recovery to $18 mn claims and payouts
23andMe’s bankruptcy blocks California damages as 42 states secure an $18 mn settlement and customers receive $46.75 mn over the 2023 genetic data breach
California adopted a new workers’ comp advisory, rate rises 6.6%
California adopts a $1.65 workers’ comp advisory pure premium rate for September 2026, below WCIRB’s requested 10.4% increase
Mile Auto acquires Insurance House to expand pay-per-mile auto insurance
Mile Auto acquires Insurance House, creating a nearly $100 mn premium MGA platform serving 55,000 policyholders and 1,600 agencies
Oklahoma sues Allstate over storm damage insurance claim payments
Oklahoma AG Gentner Drummond sued Allstate, accusing the insurer of denying or underpaying valid wind and hail damage claims from homeowners
Gallagher buys broker Med James and Wilson M. Beck Insurance Services
Gallagher’s RPS acquires Overland Park-based Med James, adding MGA and wholesale brokerage capacity for retail agents in the North Central region
Liberty Mutual backs inKind with $320 mn restaurant financing
Liberty Mutual Investments provides over $320 mn to inKind, supporting restaurant growth capital, customer demand tools and AI-native operator products
CurifyLabs raises $14 mn Series A for US pharmacy expansion
Finnish health technology firm CurifyLabs secured $14 mn to expand US operations and advance automated systems for personalized medicine compounding
Startup EquiLibre reaches €438 mn valuation in Series A
Prague startup EquiLibre raised a Series A at a €438 mn valuation to build a major Central and Eastern European AI compute cluster
UK regulator FCA urged to review AI models used for financial advice
UK regulator faces calls to review ChatGPT, Claude and Gemini as consumer use grows and AI concentration risks deepen
UK calls for global AI safeguards as security risks risev
Yvette Cooper seeks international AI safeguards amid warnings over cyberattacks, autonomous weapons, extremist chatbots and child sexual abuse
Louisiana suspends insurance cancellations after Tropical Storm Arthur
Louisiana Emergency Rule 50 delays policy cancellations, renewals and claim deadlines in seven parishes after Tropical Storm Arthur
Missouri warns drivers as vehicle theft losses top $8 bn
Missouri DCI urges drivers to prevent vehicle theft and review insurance coverage during Vehicle Theft Prevention Month
New US-Canada tariffs raise auto, property, trade credit and business interruption exposures as insurers assess higher repair and supply chain costs
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends
Teen drivers face crash rates nearly 4x higher than adults. Safer vehicle choices and smart insurance decisions can lower risk and costs for families
AM Best keeps a stable outlook for commercial lines, citing strong results, rising investment income and tech-driven underwriting amid stress in liability and auto