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
Insurance News
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
Tesla enters mediation with EEOC over racial harassment claims
Tesla agreed to mediation with the EEOC over claims of widespread racial harassment at its Fremont plant, pausing parts of discovery as talks move toward spring
Adjusters launch InsuranceClaim123 to audit insurers’ damage estimates
Two independent adjusters unveiled InsuranceClaim123, a $295 AI-assisted review tool that flags potential gaps in insurers’ property damage estimates without an on-site inspection
Cyber and AI dominate global risk outlook for 2026, Allianz finds
The Allianz Risk Barometer shows cyber risks holding first place for a fifth year, while artificial intelligence surged to second as companies brace for wider exposure
Berkshire Hathaway launches primary casualty policies as Italy expansion continues
Berkshire Hathaway Specialty Insurance expanded in Italy with modular primary casualty coverage for national and multinational risks, written on a net basis without reinsurance
Aon updated findings from its study of US commercial health insurance claims
Aon’s multi-year analysis of US health claims shows long-term GLP-1 use slows medical cost growth and delivers significant cardiovascular and cancer-risk reductions, especially for women
Aon expands data center insurance program to $2.5 bn capacity
Aon increased capacity for its Data Center Lifecycle Insurance Program to $2.5 bn, responding to rising AI, cloud, and digital infrastructure investment
Sedgwick launches London-based global specialty platform for complex losses
Sedgwick rolled out a global specialty platform in London to handle large, complex losses, expanding marine and energy capabilities with senior hires and 100+ adjusters
Arizona names Charles Bassett to lead insurance and financial regulator
Gov. Katie Hobbs appointed longtime policy attorney Charles Bassett as director of Arizona’s insurance and financial institutions department, ending an extended leadership transition
Most of the leading Korean Life Insurers reported a drop in shareholders’ equity
Fitch Ratings’ assessment of the company profiles of its rated Korean life insurers takes into consideration the insurers’ operating scale, franchise value, business risk profiles
Florida bill raises hurricane fund retention and reshapes insurer reimbursements
Florida lawmakers proposed HB 1349 to lift the Hurricane Catastrophe Fund retention to $8.5 bn, revise insurer multiples, and expand reimbursement to loss adjustment expenses
Illinois Bill 4373 sharpens limits on auto glass insurance claims as ADAS rules expand
Illinois lawmakers are reviewing HB 4373, a proposal that would block assignment of rights in auto glass claims, restrict repair shop practices, and add ADAS calibration disclosures
Victorian bushfires in Australia trigger 1,386 insurance claims as total losses hit 30%
Insurers logged 1,386 claims from Victoria’s January bushfires, with 30% of property claims total losses, as the ICA activates its catastrophe response
Mosaic Insurance launches Bermuda excess casualty line as loss severity pressures rise
Mosaic Insurance added excess casualty as its eighth underwriting line, deploying up to $10 mn per risk from Bermuda amid social inflation and litigation-driven volatility
Baldwin Group acquires Philadelphia-based insurance broker Capstone Group
The Baldwin Group bought Capstone Group, expanding its US brokerage footprint and adding a fast-growing independent firm focused on risk management and employee benefits
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges