Italian insurance market grows toward €150 bn as non-life stays strong
Italy’s insurance market expanded through 2025, with non-life premiums rising about 8.5% and digital adoption reshaping distribution and risk models
Insurance News
GEICO settles overtime lawsuits with call-center staff for $900,000
GEICO agreed to pay over $900,000 to resolve overtime claims from call-center workers, covering unpaid login time and alleged off-the-clock work
US winter storms drive billions in insured losses as risk climbs – Aon
Winter storms across the US continue to generate multi-bn insured losses, exposing homeowners, drivers, and businesses to rising financial risk
Winter storm drives $105-115 bn losses across US economy
AccuWeather estimates massive economic losses from a winter storm affecting 200 mn people, with insured losses reaching into the billions
Health and Safety tops global D&O risk rankings as climate and AI concerns fade
Health and safety is the leading risk for directors and officers worldwide for a second year running, according to the Global D&O Survey
D&O insurance delivers decade-best loss ratio as underwriting cycle turns
D&O liability delivered its strongest calendar-year loss ratio in more than a decade in 2025, coming in at 50%, even after three consecutive years of declining direct written premiums
Brown & Brown says Howden hiring spree cut $23 mn in annual revenue
Brown & Brown CEO says staff departures to Howden US cost $23 mn in revenue, as legal disputes escalate despite strong 2025 results
Delaware court backs D&O insurance coverage, rejects bump-up exclusion defense
Delaware Supreme Court orders insurers to cover a $28 mn D&O settlement, ruling bump-up exclusion does not apply to Harman–Samsung deal
UnitedHealth profit falls 16% in 2025 as Medicare cuts and cyber costs bite
UnitedHealth Group reports a 16% drop in 2025 profit amid Medicare funding pressure, rising medical costs, and charges tied to the Change Healthcare cyberattack
Rising re/insurance M&A activity in 2026 will open fresh opportunities in the run-off market
Rising reinsurance M&A activity in 2026 is likely to open fresh opportunities in the run-off market, as insurers carve out non-core portfolios before and after transactions
Spain enforces mandatory insurance for electric scooters, fines reach €800
Spain has approved a Royal Decree creating a national registry for electric scooters, enabling compulsory insurance enforcement for over four million PMV owners and setting registration rules through 2027
PERILS sets final Windstorm Éowyn insured loss at EUR 765 mn
PERILS issues its final estimate for Windstorm Éowyn, putting insured property losses across the UK and Ireland at EUR 765 mn after limited loss development
Sanctions sideline 79 Russian oil tankers and drive up insurance costs
More than 79 sanctioned tankers involved in transporting Russian oil halted operations in 2025, while freight and vessel insurance costs jumped by 40-50%
Pacific Life seeks dismissal of Kyle Busch’s $8.5 mn life insurance suit
Pacific Life asks a federal court to throw out NASCAR driver Kyle Busch’s lawsuit over indexed universal life policies, calling the claims unfounded
Willis returns to light aviation insurance after 30-year exit
Willis re-enters the light and recreational aviation market after three decades, driven by the arrival of the London-based Crispin Speers team
Insurers brace for Arctic tension, regime shifts, nuclear risk in 2026
BMI’s Yoel Sano flags Arctic disputes, regime change, and nuclear uncertainty as top political risks insurers face heading into 2026 and beyond
Kansas bill backs tax-free insurance savings accounts for premiums
Kansas Insurance Commissioner Vicki Schmidt supports legislation creating tax-free insurance savings accounts to help cover property and casualty costs
FCA studies long-term AI effects on UK insurance and retail finance
The FCA launches a forward-looking review on AI in insurance and retail finance, weighing innovation, fraud risks, and regulatory readiness
New Mexico bill mandates flood insurance cover after wildfires for five years
A New Mexico proposal would force insurers covering wildfire damage to include flood and debris coverage for five years after a fire is contained
State Farm challenges Illinois plan to police homeowners insurance rates
State Farm CEO Jon Farney clashes with Gov. JB Pritzker over Illinois legislation letting regulators order rebates on homeowners insurance rates
Mississippi lawmakers weighs ban on insurer donations to commissioner races
Mississippi lawmakers review a bill blocking insurance-regulated donors from backing commissioner candidates, drawing pushback from the sitting commissioner
Acceptance Insurance backs Andrés Pérez de Lara for full 2026 Truck Series
Niece Motorsports confirms Andrés Pérez de Lara for the full 2026 NASCAR Truck Series schedule, with Acceptance Insurance as anchor sponsor
Nevada’s Affordable Care Act enrollment slips 5.5% as subsidies fade, officials stay calm
Nevada Health Link reports stable ACA enrollment despite higher premiums and expired subsidies, with public option plans drawing 10% of signups
Connecticut lawmakers question mandate-heavy health insurance plans as costs climb
Connecticut legislators debate soaring health insurance costs as mandated benefits hit 81, raising premiums for individuals, small employers, and ACA enrollees
Enosis Capital lines up $3 bn debt-for-nature deals with AXA XL cover
Enosis Capital teams up with AXA XL to insure a new $3 bn pipeline of debt-for-nature transactions as private capital steps into a stalled market
Lawmakers grill insurers over CEO pay as patients face rising costs
Bipartisan House members question health insurance CEOs on executive pay levels amid affordability pressures and frequent claim denials
Carlos Correa skips World Baseball Classic over insurance dispute
Astros shortstop Carlos Correa withdraws from Team Puerto Rico after insurers declined coverage, exposing rising risk aversion around WBC participation
Karen Bass says Trump oversteps on LA wildfire rebuild permits
LA Mayor Karen Bass pushes back on Trump’s executive order to speed wildfire rebuilding, saying permit control sits locally and insurers, FEMA need pressure
Medicare Advantage 2027 shock rattles health insurers, wipes $ bn in value
A proposed 0.09% Medicare Advantage payment update for 2027 triggers a sharp selloff in US health insurers, forcing a rethink of margins, benefits, and capital plans
Defaqto acquires the Market Pricing Business of Pearson Ham in £11 mn deal
Defaqto strengthens UK insurance data capabilities with a £11m acquisition of Pearson Ham Group’s Market Pricing Business via parent company Fintel
Marsh Risk expands Nimbus data center insurance to $2.7 bn capacity
Marsh Risk increases Nimbus facility limits to $2.7bn for large-scale data center construction projects across major global markets
Zurich Resilience Solutions launches dedicated data center risk advisory practice
Zurich Resilience Solutions forms a data center risk advisory unit with 100+ engineers as global investment and AI-driven facilities accelerate
Fitch sees softer US P&C insurance pricing in 2026, reinsurer outlook weakens
Fitch Ratings expects US P&C market softening in 2026 amid pricing pressure, while global reinsurance faces weaker conditions despite strong capital levels
New Jersey mandates licenses and insurance for e-bike riders
New Jersey enacts new e-bike law requiring licensing, registration, and insurance after a series of fatal crashes involving young riders
US health insurance coverage tracks income as Trump unveils reform plan
Private health insurance coverage in the US rises sharply with household income, as Donald Trump submits a healthcare reform proposal to Congress
Jane Kim enters California insurance commissioner race with public option plan
Former San Francisco supervisor Jane Kim launches bid for California insurance commissioner, proposing a state-backed insurance option and tighter industry oversight
Hawaii homeowners insurance rates surge amid wildfire and reinsurance strain
Hawaii insurers push double-digit homeowners rate increases as wildfire losses, inflation, and rising reinsurance costs reshape risk pricing
8th U.S. Circuit allows separate loss-of-consortium recovery under UIM insurance policy
8th Circuit rules Missouri spouse can recover loss-of-consortium damages separately under an Auto-Owners UIM policy due to drafting ambiguity
Canada’s insured catastrophe losses reach CAD 2.4 bn in 2025
CatIQ reports CAD 2.4 bn in insured catastrophe losses for Canada in 2025, with ice storms and wildfires driving one of the most active years on record
Gallagher Re: 2025 catastrophe losses stay manageable for insurers
Gallagher Re estimates $129 bn in insured catastrophe losses for 2025, with US storms dominating and capital levels reaching a record $838 bn
Insurtech Lemonade launches Autonomous Car Insurance for Tesla FSD drivers
Lemonade introduces autonomous car insurance for Tesla FSD, cutting per-mile rates by about 50% using real vehicle data and AI pricing models
Willis expands Synthetik partnership for terrorism risk modelling
Willis broadens its partnership with Synthetik, deploying advanced political violence and terrorism models across client advisory and risk quantification
Lloyd’s appoints Jim Bichard as CFO, PwC insurance chief joins in 2026
Lloyd’s names PwC global insurance head Jim Bichard as CFO from April 2026, replacing Alexandra Cliff, subject to UK regulatory approval
Greenland tensions raise geopolitical risk stakes for insurers and reinsurers
Tariff threats tied to Greenland sharpen geopolitical risk, forcing insurers, reinsurers, and brokers to reassess political violence, SRCC, and supply chain exposure
Virginia State Police warn of surge in staged crashes and auto insurance fraud
Virginia State Police report a sharp rise in fake crashes and insurance claims, with fraud investigations up 72% year over year.
Oregon weighs wildfire mitigation mandate for home insurance pricing
Oregon lawmakers consider a bill requiring insurers to reflect wildfire mitigation in rates and coverage as rural homeowners face rising costs and limited options
California blocks home insurance non-renewals after Gifford Fire
California Insurance Commissioner Ricardo Lara orders a one-year moratorium protecting nearly 150,000 homeowners from insurance non-renewals after the Gifford Fire
Crowded field emerges for California insurance commissioner race
More than a dozen candidates signal interest in the 2026 California insurance commissioner race as Ricardo Lara exits due to term limits
Optio Group takes full control of Italian MGA Heca
Optio Group acquires the remaining stake in Italian MGA Heca, marking its fifth deal in a year as it accelerates European expansion
Kansas insurance regulator recovers $56.7 mn for consumers in 2025
Kansas Department of Insurance says consumer assistance and life policy searches returned $56.7m to residents in 2025, driven by complaints and claim disputes
Michigan regulator sets AI governance expectations for insurers
Michigan’s insurance regulator issues guidance requiring insurers and financial firms to adopt written AI governance programs focused on consumer protection
Progressive to return up to $950 mn to Florida auto insurance policyholders
Progressive plans up to $950 mn in credits for Florida auto customers after quiet hurricane seasons and post-2023 insurance reforms lifted profits
US insurers back move to scrap Federal Insurance Office
Insurance regulators and trade groups support legislation to eliminate the Federal Insurance Office and reinforce state-based insurance regulation
Zurich Insurance launches £7.7 bn cash bid for Beazley after year-long pursuit
Zurich Insurance goes public with a £7.67bn offer for Beazley, proposing a 56% premium as it seeks scale in specialty insurance
US homeowners face chronic underinsurance as LA wildfire losses mount
Wildfires expose decades of US home underinsurance, with studies showing most policies fall short of rebuilding costs as climate risks and prices rise
UK lawmakers warn regulators lag on AI risks in insurance & financial services
UK MPs urge FCA and Bank of England to tighten oversight of AI in finance, warning of consumer harm and market instability as adoption accelerates
US P&C insurance returns peak in 2025 as growth slows into 2026
Swiss Re Institute says US P&C underwriting hit a cyclical peak in 2025, with ROE set to ease and premium growth slowing through 2026-2027
Professional Insurance Agents NY backs Gov. Kathy Hochul focus on rising insurance costs
PIA New York welcomed Gov. Kathy Hochul’s State of the State focus on P&C insurance, citing rising auto premiums, fraud, and outdated laws straining consumers
Definity closes C$3.3 bn acquisition of Travelers Canada insurance operations
Definity Financial completed its nearly C$3.3 bn cash acquisition of Travelers’ Canadian personal and commercial insurance businesses, reshaping the country’s P&C rankings
US Judge dismisses CrowdStrike shareholder fraud suit tied to 2024 global outage
A US federal judge dismissed a shareholder lawsuit accusing CrowdStrike of hiding software testing failures ahead of the July 2024 outage, allowing plaintiffs to amend
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