Aviva launches US specialty insurance platform in New York
Aviva launches Aviva Specialty in the US, with commercial property underwriting starting in Q4 2026 and plans to expand into cyber and specialty casualty
Property & Casualty Insurance News
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Panama earthquake of 7.7 triggers tsunami warnings and damage
A preliminary 7.7 Panama earthquake damaged buildings, halted metro service, shut schools and prompted tsunami warnings across the region
Hurricane Isaias raises commercial insurance coverage concerns for $72 bn in property
Moody’s identifies 31,659 commercial properties worth $71.8 bn exposed to Hurricane Isaias, raising concerns over insured losses and coverage gaps
Arsenal Insurance and VUSO pay $2.2 mn for Kyiv business centres damaged by missile strike
Arsenal Insurance and VUSO have completed the settlement of insurance claims related to damage to two business centres belonging to the same network in Kyiv following a missile attack
US commercial property insurance rates fall 14.5% as market softens
Commercial property insurance rates fell 14.5% in Q2 2026 as capacity increased, while cyber pricing stayed broadly flat and casualty increases moderated
Neptune Insurance brings flood insurance shopping to AI agents
Neptune, the largest private flood insurance provider in the U.S., is opening another route to coverage through AI agents such as Meta’s Muse
Corgi Insurance launches Fine Arts Coverage for individuals and businesses
Corgi Insurance launches Fine Arts Coverage for eligible artwork and collections, covering risks including damage, theft and loss for individuals and businesses
AXA XL launches dedicated E&S insurance company for wholesale brokers
AXA XL, the P&C and specialty risk division of AXA, launches AXA XL E&S, a dedicated carrier for wholesale brokers, with underwriting starting in 2027
Aon launches property and casualty risk diagnostic tools
Aon launches Property Risk Diagnostic and Casualty Risk Diagnostic tools to help companies assess exposure, loss drivers and insurance strategy
ARX increases war risk insurance limits for businesses to $30 mn
ARX expands war risk insurance for businesses in Ukraine. Through partnerships with DFC and Lloyd’s, coverage limits can reach $30 mn
Hurricane Polo could bring snowfall as a hybrid storm forms
The US could receive up to 8 inches of snow as Hurricane Polo moisture fuels a hybrid storm bringing heavy rain and flooding across the US
David Jolly and Byron Donalds outline competing Florida property insurance plans
David Jolly proposes a state catastrophe fund, while Byron Donalds backs surcharge cuts, home-hardening grants and moving Citizens policies private
Gov. Gavin Newsom vetoes two California wildfire insurance bills
California Gov. Gavin Newsom vetoes SB 877 and SB 878, two homeowner insurance bills covering claim estimates and payment delays after total losses
Hurricane Nolo adds to Hawaii losses after $211 mn property damage
Hurricane Nolo brings flooding, wind and outages to Hawaii after $211 mn in state property damage, while prior storms drove major insured losses
Offshore energy insurance premiums hit $4.8 bn as margins tighten
Global offshore energy insurance premiums reached $4.8 bn in 2025 as excess capacity, rising attritional claims and renewables pressure margins
Hurricane watch issued for Hawaii as Tropical Storm Nolo strengthens
Hawaii’s Big Island is under a hurricane watch as Tropical Storm Nolo strengthens, with up to 35 inches of rain and major flooding possible
Louisiana invests $100 mn in fortified roofs to reduce home insurance costs
Louisiana added $20 mn in federal funding for fortified roofs, bringing 2026 investment to $100 mn across programs aimed at storm damage reduction
Truro Bonfire Night cancellation puts event insurance costs in focus
Truro cancelled its Bonfire Night for a second year as security, crowd controls and event costs made a 5,000-person fireworks display unaffordable
California sets wildfire smoke damage rules for home insurers
California approved new wildfire smoke-damage rules covering insurer testing, remediation and mortgage relief after more than 13,000 claims
YC-backed insurtech Soteris launches AI profit platform for P&C insurers
YC-backed Soteris launches an AI platform that estimates policy-level profitability for P&C insurers after scoring $180bn in submitted premiums
Cozmo AI launches claims automation platform for P&C insurance claims
Cozmo AI launches a claims automation platform for restoration networks and TPAs, covering FNOL, estimating, documentation and invoice settlement
David Jolly and Byron Donalds outline Florida property insurance plans
David Jolly and Byron Donalds propose different Florida property insurance reforms covering hurricane risk, Citizens, litigation and insurer transparency
Hurricane Lowell may cause up to $1 bn in Hawaii damage
Hurricane Lowell passed west of Hawaii, bringing heavy rain and surf, with estimated damage of $600 mn and potential losses reaching $1 bn
Washington wildfire insured losses reach $600 mn
Washington wildfire insured losses have reached an estimated $600 mn, including about $535 mn from residential claims, according to state regulators
Orion180 Insurance Group seeks up to $340 mn in US IPO
Orion180 plans to raise up to $340 mn in a US IPO, valuing the specialty homeowners and flood insurer at about $1.7 bn at the top of the range
Insured losses from non-peak natural catastrophes exceeded $104 bn
Munich Re says insured losses from non-peak perils reached $104 bn in 2025 as cyber, AI and climate risks add pressure to reinsurance markets
UK commercial insurance adds £29 bn to economy, ABI says
UK commercial insurance contributes about £29 bn annually and supports over 300,000 jobs, according to a new ABI report
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
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
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
Wonderful expands AI operating platform for insurance workflows
Wonderful is extending its AI operating platform across underwriting, claims, servicing and compliance for P&C, life and health insurers
Insureon partners with LIO Insurance on specialty small business coverage
Insureon partnered with LIO Insurance to expand specialty commercial coverage for small businesses, starting with digital special event insurance
EigenRisk adds GeoX data for 186 mn US properties
EigenRisk integrated GeoX property intelligence into EigenPrism, adding AI-derived attributes for more than 186 mn US commercial and residential properties
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
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
AI data center investment will top $1 trn by 2027, raising construction and insurance exposures
Allianz Commercial says AI data center investment will top $1 trn by 2027, raising construction, climate and insurance exposures
Maryland insurance regulator recovers $53.5 mn for residents and businesses
Maryland Insurance Administration recovered more than $53.5 mn for residents and businesses in H1 2026 through complaints, reviews and enforcement
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
Economic pressure is reshaping the risk environment
RiskScan data shows inflation, economic decline and property insurance costs pushing insurers to reassess pricing, claims severity and capital strategy
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
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
Insurtech Qumis launches AI agents for P&C insurance coverage analysis
Qumis launches certified AI agents for commercial P&C insurance, giving brokers and carriers faster citation-backed coverage analysis
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
Carpe launches AI claims suite for P&C insurers
Carpe Claims combines case management, image forensics, ad monitoring and claims intelligence for U.S. property and casualty carriers
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
Florida approves Citizens commercial insurance clearinghouse
Florida approved a new clearinghouse to move Citizens commercial policies into the surplus lines market and expand private insurance participation
New York City advances affordable housing insurance program
New York City selected Pinnacle Actuarial Resources and opened a private-sector RFEI for a city-backed affordable housing insurance program
Florida property tax plan risks $175 bn debt market
S&P warns Florida local governments face credit pressure if voters approve a property tax plan affecting more than half of homes
Coastal flood risk now 12 times higher, study finds
New research finds extreme coastal floods are now 12 times more likely as human-driven climate change pushes sea levels higher worldwide
Florida property insurers face 2026 hurricane test
Fitch says Florida property insurers enter the 2026 hurricane season with stronger capital, better reinsurance, and lower Citizens exposure
U.S. commercial insurance price growth slows to 2.5%
WTW’s CLIPS survey shows U.S. commercial insurance prices rose 2.5% in Q1 2026, with excess liability still leading increases
Digital insurer Honeycomb raises $40 mn for AI property underwriting
Honeycomb Insurance raises $40mn led by Zeev Ventures to expand U.S. property coverage, agent tools, products, and AI underwriting
Colorado e-bike crashes raise insurance coverage questions
Colorado e-bike growth creates insurance uncertainty for riders and drivers, with uninsured motorist coverage gaining more attention after accidents
US P&C insurers post strongest Q1 underwriting result in 25 years
S&P Global Market Intelligence says U.S. P/C insurers posted an 89.5 combined ratio and $22.1 bn underwriting gain in Q1 2026
Washington wildfire town hall spotlights home insurance coverage gaps
Washington officials discussed wildfire recovery, insurance losses, underinsurance, risk scores, and retrofit grants after the 2023 Gray fire
California FAIR Plan customers will face the insurer’s largest rate increase
California FAIR Plan premiums will rise after Oct. 15, with wildfire-risk areas facing larger increases and some ZIP codes seeing decreases
Oklahoma P&C insurance rate review law changes insurance filings
Oklahoma’s HB3781 moves property and casualty insurance rate filings to review before increases take effect, with public notices starting July 2027
California insurance commissioner race tests wildfire coverage
California’s insurance commissioner race turns on wildfire claims, State Farm, FAIR Plan pressure, and Jane Kim’s public disaster coverage proposal
MS Amlin launches property treaty consortium with $67.5 mn per-risk capacity
MS Amlin launched a Lloyd’s property treaty consortium, lifting per-risk capacity from $50 mn to $67.5 mn for property lines
California seeks penalties from State Farm over LA wildfire insurance claims
California says State Farm violated claims-handling laws after the 2025 Los Angeles wildfires, with penalties expected in the $ mn range
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Florida’s property insurance market showed its clearest improvement in a decade, with the state’s share of US homeowners claims falling to 4.9% and lawsuits dropping to 41.3%
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events