NFIP subsidies remain concentrated in Florida and higher-value properties
Neptune Flood Research Group estimates $2.6 bn in annual NFIP subsidies remain, with Florida receiving nearly half and higher-value properties taking a large share
Insurance News
Life insurers struggle to convert strong consumer demand into sales
Capgemini and LIMRA find strong global demand for life insurance, but complex buying journeys and weak post-sale contact continue to hurt conversion
US P&C underwriting profit rises to $31.7 bn in H1 2026
US P&C insurers posted a $31.7 bn underwriting gain in H1 2026 as the combined ratio improved to 92.7 and policyholder surplus reached $1.3 tn
California workers’ comp medical costs rise 5% in 2026
California workers’ comp medical costs per claim rose 5% in 2025, driven by higher prices, medical-legal services and non-fee-schedule costs
AI saves underwriters time but decision quality gains lag
Hyperexponential’s 2026 survey finds AI is cutting admin work for commercial P&C underwriters, while decision quality and knowledge transfer lag
US commercial insurance prices rise 0.5% in Q2 2026, WTW says
US commercial insurance prices increased 0.5% in Q2 2026, slowing from 2.5% in Q1 as property rates declined and large accounts moved negative
AI adoption exposes insurance gaps in digital health
Beazley’s 2026 Digital Health & Wellness report finds medical negligence remains the leading claims driver as AI creates multi-line insurance exposures
Billie Eilish deepfake case shows growing risks from AI-generated media
A viral AI-manipulated Billie Eilish post drew 11 mn TikTok views, illustrating growing concerns over deepfakes, celebrity likenesses and content provenance
Aon launches Underwriting Analytics for insurers and reinsurers
Aon launched Underwriting Analytics within its Risk Analytics Platform to help insurers assess new risks against existing portfolio accumulations
SpaceTech ICEYE opens SAR satellite data feed with 2026 imagery
ICEYE’s open data initiative provides public access to selected SAR satellite imagery and videos, including thousands of 2026 deliverables
Vero, Uber and insurtech Cover Genius launch pay-per-kilometre rideshare insurance
Vero, Uber and Cover Genius launched a pay-per-kilometre motor policy combining private and rideshare cover for eligible Uber drivers in Australia
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
Square Insurance Brokers appointed Kapil Baraya as Head of Corporate & Commercial Lines, with responsibility for corporate insurance and life operations
UK mortgage lending rises as high-LTV share hits 18-year high
UK gross mortgage advances rose 11.1% in Q2 2026 to £77.4 bn, while lending above 90% LTV reached its highest share since 2008
Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Global Aerospace names Eric Donofrio president from 2027
Global Aerospace appointed Eric Donofrio as president from January 2027 as Jeffrey Bruno retires after nearly four decades with the company
US offshore life reinsurance reserves reach $1.3 tn
US life insurers ceded $1.3 tn of reserves offshore in 2025, nearly double 2020 levels, with Bermuda accounting for 85%, according to Fitch
Amazon Boeing 767-300 cargo plane crash at Miami airport kills at least five
At least five people were killed after an Amazon Prime Air Boeing 767 overran a runway at Miami International Airport and struck vehicles
Great Hill invests in Aurenity, a technology-enabled E&S MGA, to support underwriting
Great Hill Partners invested in E&S MGA Aurenity to support new specialty programs, underwriting hires and further investment in AI and automation
Global air cargo demand rises 6% as freight rates stay elevated
Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
ICEYE partnered with The Water Institute to add FloodID predictive modeling to its satellite-based flood intelligence services for US users
Former Alabama sheriff’s deputy indicted in $24 mn life insurance fraud case
Federal prosecutors charged a former Alabama deputy and his wife in an alleged identity theft and life insurance fraud scheme involving $24 mn in policies
Maryland opened employer registration for Family and Medical Leave Insurance program (FAMLI)
Maryland opened employer registration for FAMLI, with payroll deductions starting in January 2027 and paid leave benefits beginning in January 2028
Federal officials promote CHOICE health insurance model in Indiana
Federal officials promoted CHOICE health arrangements in Indiana as employers seek alternatives to traditional group health insurance amid rising costs
Howden Re and Synthetik launch UNREST model for civil unrest risk
Howden Re and Synthetik launched UNREST, a property-level model for measuring strikes, riots and civil commotion exposure and potential insured losses
Lockton Insurance named in NBA Clippers probe over Kawhi Leonard endorsement
Lockton Insurance was named in the NBA investigation into Clippers salary-cap violations involving endorsement agreements for Kawhi Leonard
FBI probes possible ID verification breach exposing license scans
The FBI is investigating a possible breach involving more than 160 mn North American driver’s license records advertised on a cybercrime forum
Aon to acquire USI Insurance Services from KKR for $17 bn
Aon agreed to acquire USI Insurance Services from KKR and co-investors for $17 bn in cash, with closing expected in the fourth quarter of 2026
Verisk launches US data center exposure database for insurers
Verisk launched a US data center exposure database covering more than 2,500 facilities as insurers assess growing AI infrastructure concentrations
Natural catastrophe protection gap leaves most losses uninsured
Only 38% of global natural catastrophe losses are insured, Verisk says, with Europe’s coverage rate at 22% and far lower protection in some markets
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
A Florida judge granted summary judgment against investment funds that accused former Lighthouse Property Insurance executives of concealing Hurricane Ida losses
Marsh has renamed Guy Carpenter as Marsh Re
Marsh has renamed Guy Carpenter as Marsh Re, combining reinsurance and capital solutions under the broader Marsh brand after more than 100 years
US employer health benefit costs projected to rise sharply in 2027
US employer health benefit costs are projected to rise sharply in 2027, with GLP-1 weight-loss drugs adding about one percentage point to the increase
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
Florida homeowners and auto policyholders paid $3 bn less for insurance
Florida homeowners and auto policyholders paid nearly $3 bn less in 2025 as insurance litigation declined and market conditions improved, a study found
Autonomous AI agents challenge traditional cyber insurance definitions
Traditional cyber policies often assume malicious activity originates with a person or organized group, while an autonomous AI agent might initiate harmful actions
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Insurance AI adoption exposes verification gap, study finds
Insurance AI adoption is moving faster than verification controls as synthetic media raises fraud risks across claims and underwriting, research finds
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
Philadelphia residents get 15% NFIP flood insurance discount
Philadelphia residents receive a 15% discount on eligible NFIP flood insurance policies issued from April 2026, saving about $424,000 annually
Citizens Property Insurance sends 45,000 Florida homeowners non-renewal notices
Citizens Property Insurance sent 45,000 Florida homeowners non-renewal notices as the state-backed insurer continues shrinking its policy count
Kansas insurance regulators recover nearly $29 mn for consumers
Kansas insurance regulators closed more than 3,000 complaints in 2025 and recovered nearly $29 mn for consumers, up 147% from 2024
US community banks revive private deposit insurance above FDIC limits
Community Bankers Insurance Alliance plans private deposit insurance above the FDIC’s $250,000 limit and seeks $200 mn in equity capital to launch
Bamboo Insurance launches Texas Essential homeowners program
Bamboo Insurance launched Texas Essential, an admitted homeowners product offering flexible roof, water and loss settlement options in Texas
Global P&C insurer RoAE rises to record 16.8% in 2025
Aon says global P&C insurers reached 16.8% RoAE in 2025, while premium growth slowed and performance gaps widened across the sector
Lockton launches US Aviation Practice led by Taylor Anderson
Lockton launches a dedicated US Aviation Practice and appoints Taylor Anderson to lead insurance, risk advisory and aviation client services nationwide
Allianz Commercial appoints Emma Woolley to lead global specialty and UK
Allianz Commercial named Emma Woolley President Global Specialty and UK Region, with responsibility for specialty lines and the UK insurance market
Orion180 files for US IPO as specialty home insurance grows
Orion180 filed for a US IPO after posting $13.5 mn in 1H26 net income and $601 mn in direct written premiums over the past 12 months
US title insurance margins rise to 11.5% in 1H 2026
US title insurers lifted operating margins to 11.5% in 1H 2026 as large commercial deals supported premium growth, earnings and expense control
Apollo Global Management data breach exposes personal information
Apollo Global Management reported a July cyberattack that exposed personal data, including Social Security numbers, after unauthorized cloud access
WTW sues Lockton over alleged raid on construction insurance team
WTW accused Lockton and 18 former employees of taking 13 construction insurance clients worth more than $5 mn in annual revenue
Comcast $117.5 mn data breach settlement wins federal approval
A federal judge approved Comcast’s $117.5 mn data breach settlement covering 31.7 mn potential class members affected by the 2023 Citrix breach
Former Virginia insurance agent pleads guilty to $164,345 fraud
Former Virginia insurance agent Thomas Hoyt pleaded guilty to wire fraud after diverting about $164,345 in client insurance premiums
Texas orders insurance reforms as homeowners premiums rise 79%
Texas Gov. Greg Abbott ordered insurance regulators to address homeowners premiums after average annual costs climbed 79% in six years
California uninsured population projected to double by 2030, raising pressure on insurers
Federal Medicaid and ACA cuts are projected to leave 4.6 mn Californians uninsured by 2030, raising pressure on hospitals, insurers and state finances
Florida ACA enrollment drops as higher health insurance premiums strain households
Florida lost about 443,000 ACA enrollees after enhanced subsidies expired, leaving households exposed to higher premiums and medical costs
Medicare for All: how the plan would reshape US health insurance
Medicare for All would replace today’s Medicare structure, restrict duplicate private coverage and shift US healthcare financing toward a federal plan
Mark Walter’s insurance empire faces US scrutiny over private credit
Federal probes into Mark Walter-linked insurers put private credit, related-party assets and sports holdings under closer market and regulatory review
Florida man charged in $206,000 vehicle insurance fraud case
Florida officials say Adam Otrok filed 41 fake luxury vehicle insurance applications and stole $44,704 from a $206,000 fraud attempt
Saudi Arabia weighs state-backed war-risk insurance pool for ships
Saudi Arabia has discussed a state-backed marine war-risk insurance pool with London brokers as Iran and Houthi threats raise regional costs
New tanker attacks in the Persian Gulf and Strait of Hormuz highlight marine war-risk insurance exposure as oil prices rebound amid uncertainty over Iran
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Marine insurers warn of soft pricing, major losses, and fragmented trade as geopolitical conflicts reshape shipping and supply chains
Norway launches a 6-month pilot urging tankers in its EEZ to disclose insurance, targeting shadow fleet risks and aligning with regional maritime safety efforts