Tesla sued over Cybertruck crash linked to electric door failures
Lawsuit alleges Tesla door systems trapped occupants in fatal Cybertruck crash, adding to growing scrutiny over electric door safety risks
Insurance News
US $20 bn maritime reinsurance plan may fall short without liability cover
Moody’s warns US maritime reinsurance program lacks liability coverage, limiting impact on Strait of Hormuz shipping risk
Federal lawsuit accuses CVS Health and CaremarkPCS over drug pricing practices
Lawsuit claims CVS Caremark steered drug rebates through affiliate, raising costs for health plans and members
NAIC launches working group to tackle rising health care costs
NAIC forms working group to address health care costs and premiums, aiming to deliver policy solutions for states by late 2026
Washington requires life insurers to add lapse notices and third-party alerts
Washington mandates insurers notify policyholders and third parties before life insurance lapses, adding delivery proof rules from 2027
Ohio auto insurance drops 6% in 2025 but remains up 44% since 2021
Ohio auto insurance costs fall slightly in 2025, though long-term increases persist, with urban drivers and litigation costs driving pricing trends
Iowa advances HMO tax hike to cover Medicaid funding gap
Iowa lawmakers push HMO tax increase to 3.5% to address Medicaid shortfall, sparking insurer backlash over rising costs
Delaware primary healthcare reform bill advances after lengthy hearing
Delaware lawmakers debate primary care reform bill after 3-hour hearing with strong turnout from health systems and providers
Trump administration probes states over abortion insurance mandates
HHS investigates 13 states requiring abortion coverage, citing Weldon Amendment disputes and renewed federal enforcement stance
ACA insurance premium hikes strain US households as subsidies expire
Rising ACA costs force US households to cut essentials, switch plans, or drop coverage after subsidy expiration, new KFF survey shows
Fannie Mae and Freddie Mac updates reduce insurance costs, ease condo access for US homeowners
FHFA updates Fannie Mae and Freddie Mac insurance rules, lowers costs, but stricter condo reviews raise concerns over loan delays
Hippo partners with Progressive to expand homeowners insurance reach
Hippo teams up with Progressive to distribute homeowners insurance across eight US states, expanding reach through tech-driven underwriting
Louisiana captive insurance bills reshape regulation and market risks
Louisiana reviews three captive insurance bills affecting flexibility, trucking risks, and regulatory structure ahead of the 2026 session
US unemployment insurance rules shift access and eligibility across states
US unemployment insurance access shrinks as states cut benefit weeks and adjust earnings rules, leaving gaps for many workers seeking support
HSB launches AI liability insurance for SMEs amid rising legal risks
HSB introduces AI liability cover for SMEs, addressing gaps in general liability policies linked to AI-driven claims and exposures
Brookings proposes US Re to stabilise homeowners insurance market
Hamilton Project outlines US Re federal reinsurer to address climate-driven losses, rising premiums, and volatility in US homeowners insurance
Fitch flags Iran conflict risk for Lloyd’s and specialty insurers
Fitch warns Iran conflict could hit marine, aviation, and energy lines, with indirect risks from inflation, asset declines, and defaults
AM Best: US P&C insurance upgrades exceed downgrades in 2025
AM Best reports more upgrades than downgrades in US P&C insurance, driven by commercial lines while personal lines face pressure
Certua Life launches as first new UK protection insurer in 20 years
Certua Life enters the UK market with embedded life insurance products, targeting unmet demand through fintech, benefits, and wealth platforms
Insurance Europe pushes simplification agenda to defend EU competitiveness
Insurance Europe urges EU leaders to cut regulatory burden, strengthen capital markets, and expand insurers’ role in long-term investment
Insurance Europe backs EU Digital Omnibus to cut regulatory load
Insurance Europe outlines its stance on the EU Digital Omnibus package, pushing targeted rule changes to ease compliance and reduce complexity
Marsh rolls out BX1 Bermuda facility with $50 mn excess casualty capacity
Marsh introduces BX1 in Bermuda, offering $50 mn excess casualty capacity for US clients with streamlined claims and broader punitive damages cover
Tennessee court denies workers’ comp benefits in Kroger back injury case
The Tennessee Court of Workers’ Compensation Claims denied benefits to a grocery employee who alleged a gradual back injury tied to increased job duties
Kansas moves to modernize children’s health insurance eligibility rules
Kansas lawmakers approved legislation updating income eligibility rules for the Children’s Health Insurance Program, ending a formula tied to federal poverty levels from 2008
Texas Supreme Court allows insurer and contractor to seek recovery from subcontractor
The Texas Supreme Court ruled that a contractor and its insurer can pursue recovery from a subcontractor following a multimillion-dollar workplace injury settlement
California bill proposes statewide rules for wildfire smoke insurance claims
California lawmakers introduced legislation designed to standardize how insurers handle wildfire smoke damage claims. The proposal follows major fires that contaminated thousands of homes
Farmers Insurance sues former Oklahoma agent over alleged client diversion
Farmers Insurance filed a lawsuit accusing a former Oklahoma agent of redirecting customers and policies to competing insurers before leaving the company
Iran-linked cyberattack on Stryker raises geopolitical risk for US companies
A cyberattack that disrupted operations at Stryker is drawing attention from U.S. officials and cybersecurity experts who see the incident as a significant escalation in Iran-linked cyber operations
Steadily launches landlord insurance quoting inside ChatGPT
Steadily introduced a quoting tool available through the ChatGPT platform, allowing landlords to estimate insurance premiums for rental properties without leaving the AI interface
Hawaii insurance regulator urges quick claims after severe storms
The Hawaii Department of Commerce and Consumer Affairs and its Hawaii Insurance Division are urging residents to review insurance coverage and report storm damage quickly after recent high winds
Outdated flood maps drive debt in US National Flood Insurance Program
The National Flood Insurance Program provides flood coverage to households and businesses across the United States
Former Louisiana insurance commissioner Jim Donelon joins Middleberg Riddle Group
Jim Donelon joined Middleberg Riddle Group as of counsel, where he will advise insurers, agencies, producers, and other insurance market participants on regulatory issues
Former NBA player Glen Davis released after serving time in insurance fraud case
Former NBA player Glen Davis was released from prison on March 12 after serving 17 months for his role in a fraud scheme involving the NBA Players’ Health and Welfare Benefit Plan
Oklahoma homeowners insurance market faces lawsuits and rate scrutiny
Homeowners insurance pricing in Oklahoma is drawing growing political, legal, and regulatory attention. Premiums in Oklahoma rank among the highest in the United States
California FAIR Plan expands as insurers withdraw from lower-risk neighborhoods
California’s property insurance market shows growing strain as insurers retreat from areas once considered moderate wildfire risk
New York auto insurance reform sparks clash between trial lawyers and Hochul
New York’s auto insurance reform debate is escalating as Governor Kathy Hochul presses for legislation aimed at curbing litigation linked to vehicle accidents
RockRose Risk raised $9 mn to expand wildfire insurance brokerage
RockRose Risk raised $9 mn in funding to expand its brokerage platform focused on wildfire-exposed properties. CEO and founder Andrew Engler confirmed the financing
Police officers arrested in U.S. insurance fraud investigations tied to benefits claims
Two officers from the Los Angeles Police Department were arrested Friday on suspicion of unemployment insurance fraud linked to claims
North American re/insurers post 11% ROE as underwriting and investment income stay strong
North American (re)insurers delivered strong profitability in 2025. According to Fitch Ratings, the sector recorded an operating return on common equity of 11%
Gulf war-risk insurance withdrawal raises pressure on marine specialists
Fitch Ratings expects the withdrawal of hull war-risk marine insurance in the Persian Gulf to carry negative credit implications for U.S. property and casualty insurers
U.S. title insurance sector’s operating margin improved to 11.4% in 2025
The U.S. title insurance sector’s operating margin improved to 11.4% in 2025, up from 10.3% in 2024, according to a new Fitch Ratings
Lockton marks one year of crypto insurance premium payments
Independent broker Lockton expands digital-asset premium payments as clients use crypto to fund global insurance programs
MSIG Asia names new leadership as MS&AD reshapes global strategy
MSIG Asia CEO Clemens Philippi takes group strategy role while Norihiro Tanaka prepares to assume chairman position
Iran conflict unlikely to trigger major insurer rating changes, Fitch says
Fitch says global insurers face manageable earnings pressure from Iran conflict unless escalation damages energy infrastructure or prolongs market volatility
Electric vehicles cut crash frequency but push insurance claim costs higher – GDV
New GDV analysis shows EVs cause fewer accidents yet generate 30–35% higher repair costs, shifting auto insurance loss economics
Hormuz war-risk insurance premiums jump 12x as $20 bn US backstop emerges
War-risk rates in the Strait of Hormuz climb to 3% of hull value as DFC launches $20bn reinsurance plan amid tanker strikes
Proposed U.S. GENIUS Act would exclude stablecoins from FDIC insurance
Proposed U.S. legislation would exclude stablecoins from FDIC insurance, preserving $250,000 coverage solely for traditional bank deposits
Louisiana Farm Bureau Casualty Insurance to demutualize in $46.7 mn deal
Southern Farm Bureau Casualty to acquire Louisiana Farm Bureau Mutual for $46.7m, converting it to stock after surplus erosion and heavy losses
Gulf hull war rates may jump 50% as marine insurance cover pulled
Marsh and Aon warn marine hull war premiums in the Gulf could rise 25–50% as underwriters cancel policies and reprice transits
NFIP shutdown risk exposes gaps in flood insurance cover access
Federal shutdown froze NFIP policy issuance and renewals, disrupting property deals and highlighting need for private flood alternatives
Delaware court says insurers need not defend Meta
Delaware judge rules insurers owe no duty to defend Meta in social media addiction suits, finding alleged conduct was deliberate, not accidental
Iran strikes disrupt flights as war exclusions hit travel insurance cover
Airlines cancel thousands of flights after U.S.-Israel strikes on Iran, but standard travel insurance often excludes war-related disruptions
California bill targets insurer hurdles for rare disease drugs
California lawmakers advance bipartisan bill to bar prior authorization and step therapy for FDA-approved rare disease treatments
Marine insurers halt Gulf war risk cover as premiums near 1%
Marine insurers cancel war risk policies in the Gulf after tanker strikes push premiums toward 1% of hull value and strand 150 vessels
Canada Life Insurance completes £80 mn Safeway pension buy-in
Canada Life finalises £80m buy-in with Safeway Pension Scheme, securing benefits for 1,800 members as trustees advance de-risking strategy
War insurance risk cover pulled as Hormuz conflict jolts shipping
Marine insurers are cancelling war risk cover for vessels operating in the Middle East Gulf as the United States–Israel–Iran conflict disrupts tanker traffic
NASCAR driver Kyle Busch settles $8.5 mn suit against Pacific Life
NASCAR driver Kyle Busch resolves $8.5 mn lawsuit alleging Pacific Life and agent misled him on indexed universal life projections
Moody’s: US life insurers post uneven Q4 2025 as rate tailwind fades
Moody’s says US life insurers saw mixed Q4 2025 profits as spreads tightened and claims rose, with steady 2026 outlook and strong PRT demand
McKinsey says AI could add $70 bn to insurance revenue
McKinsey outlines how AI, from predictive models to agent systems, is reshaping brokers, MGAs, TPAs and software, with $50 bn–$70 bn revenue upside
Kennedys flags multi-line insurance threat from US-Israel-Iran conflict
Kennedys warns escalating US, Israel and Iran hostilities threaten simultaneous losses across political violence, marine, aviation, energy and trade credit lines
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
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
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds