Insurtech Cover Genius raises $100 mn at $1.9 bn valuation to expand embedded protection
Cover Genius raised $100 mn from Vista Credit Partners to expand embedded protection, AI claims tools and platform capacity across global digital partners
🇺🇸 US Insurance News
Latest insurance news from US insurers and regulators. Explore auto, home, life, property and casualty, pet and health insurance, including rates, insights, trends, and breaking insurance news from the United States (state by state).
Insurtech Vertafore launches Velocity AI agent for MGA submission intake
Vertafore’s Velocity AI agent reads submissions, extracts data and helps MGAs move underwriting files into review with less manual work
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits, Allianz capacity, telemetry and risk intelligence
American Growth Insurance raises $70 mn to buy U.S. brokerages and rebuild operations with AI agents
American Growth Insurance plans to acquire U.S. brokerages and rebuild operations with AI agents, automation and a human service model
Maryland court limits GEICO wrongful death payout to $30,000
Maryland’s highest court upheld GEICO’s household exclusion, limiting wrongful death claims by four adult children to the state’s $30,000 minimum
Utah home insurance premiums rise as wildfire risk grows
Utah home insurance premiums rose 59% since 2021 as wildfires, high-risk housing growth and insurer pricing draw lawmaker scrutiny
Connecticut expands health insurance coverage mandates
Connecticut will require insurers to cover scalp cooling, athletic prosthetics, PANDAS and PANS care, and expanded infertility treatment
Missouri insurance regulator Angela Nelson warns homeowners after rare flood emergency
Missouri insurance regulator Angela Nelson urges homeowners to review flood risk after July 10 storms caused severe flooding and rescues
Howden Re hires Jay Sogliuzzo to lead North America MET treaty
Howden Re appoints Jay Sogliuzzo to expand North America marine, energy and terror treaty capabilities amid rising geopolitical risk
New York halts large data center projects for one year
New York pauses large data center approvals above 50 MW as AI demand increases pressure on electricity, water use and local communities
Multinational cargo insurance programs strengthen supply chain control
Multinational cargo insurance programs give global companies better supply chain visibility, faster claims coordination and stronger loss prevention
Arizona law “Comma Bill” ends grammar dispute over firefighter illness insurance claims
Arizona changed workers’ compensation rules after punctuation disputes blocked firefighter illness claims and limited coverage for cancer treatment
Former NFL wide receiver Alshon Jeffery reaches deal to dismiss insurance fraud charges
Former NFL receiver Alshon Jeffery reached a conditional deal with San Diego prosecutors to dismiss two felony insurance fraud charge
Meta sued over AI-linked layoffs and disability claims
Former Meta workers allege AI-based layoff criteria penalized medical leave, disability and pregnancy. Meta denies AI made workforce decisions
Illinois joins California and New York with Artificial Intelligence Safety Measures Act
Illinois adopted AI safety rules for large model developers, adding risk reports, incident notices, audits and penalties up to $3 mn
Insurance M&A hit $29.6 bn across 191 disclosed deals, while AI began to reshape valuations
Insurance M&A reached $29.6 bn across 191 disclosed deals as AI starts to affect broker valuations, underwriting investment and capital strategy
23andMe breach settlement limits recovery to $18 mn claims and payouts
23andMe’s bankruptcy blocks California damages as 42 states secure an $18 mn settlement and customers receive $46.75 mn over the 2023 genetic data breach
California adopted a new workers’ comp advisory, rate rises 6.6%
California adopts a $1.65 workers’ comp advisory pure premium rate for September 2026, below WCIRB’s requested 10.4% increase
Mile Auto acquires Insurance House to expand pay-per-mile auto insurance
Mile Auto acquires Insurance House, creating a nearly $100 mn premium MGA platform serving 55,000 policyholders and 1,600 agencies
Oklahoma sues Allstate over storm damage insurance claim payments
Oklahoma AG Gentner Drummond sued Allstate, accusing the insurer of denying or underpaying valid wind and hail damage claims from homeowners
Gallagher buys broker Med James and Wilson M. Beck Insurance Services
Gallagher’s RPS acquires Overland Park-based Med James, adding MGA and wholesale brokerage capacity for retail agents in the North Central region
Healthtech Doctorsa raises €1 mn for traveller healthcare platform
Doctorsa raised €1 mn from PranaVentures, Vento and 40Jemz Ventures to expand its 24/7 doctor network for international travellers
Liberty Mutual backs inKind with $320 mn restaurant financing
Liberty Mutual Investments provides over $320 mn to inKind, supporting restaurant growth capital, customer demand tools and AI-native operator products
Magnify Ventures closes $46.6 mn Fund II for care economy startups
Magnify Ventures closes $46.6 mn Fund II to back early-stage startups using AI across health, wealth, family care and care infrastructure
Cambridge Mobile Telematics brings DriveWell Fleet to Geotab Marketplace
CMT adds DriveWell Fleet to Geotab Marketplace, giving fleets and insurers access to telematics-based commercial auto pricing
Fintech Klarna applies for US banking licence after $93 bn credit push
Klarna seeks a US banking licence after providing $93.1bn in credit through partner banks, aiming to issue US products directly
CurifyLabs raises $14 mn Series A for US pharmacy expansion
Finnish health technology firm CurifyLabs secured $14 mn to expand US operations and advance automated systems for personalized medicine compounding
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
Missouri warns drivers as vehicle theft losses top $8 bn
Missouri DCI urges drivers to prevent vehicle theft and review insurance coverage during Vehicle Theft Prevention Month
Farmers Insurance settles TCPA calls case for $2.9 mn
Farmers Insurance agreed to a $2.87mn TCPA settlement over alleged unwanted calls and texts, with claims due July 24, 2026
New Jersey charges 63 in $8 mn luxury car insurance theft case
New Jersey prosecutors charged 63 people over an alleged $8mn auto theft network shipping stolen luxury vehicles to Ghana and Nigeria
Hub International targets $3 bn IPO amid U.S. listing surge
Hub International seeks about $3 bn through an IPO, joining a growing group of private equity-backed companies pursuing U.S. listings
Iran mandates insurance for vessels transiting Strait of Hormuz
Iran has introduced mandatory insurance requirements for all vessels transiting the Strait of Hormuz, a move that maritime industry observers see as the first step
DFC and MIGA launch political risk insurance for Ukraine fund
DFC and MIGA agreed to create a political risk insurance framework supporting private investment through the U.S.-Ukraine Reconstruction Investment Fund
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
Lemonade launches Tesla FSD car insurance in Colorado
Lemonade expanded its Autonomous Car insurance to Colorado, offering Tesla drivers 50% off miles driven with Full Self-Driving Supervised
Farmers Insurance faces a California class-action lawsuit over rejected tracking cookies
Farmers Insurance faces a California class-action lawsuit alleging it placed third-party cookies after users rejected tracking on its website
Life insurance settlement payouts reached $627 mn in 2025
LISA members paid consumers $626.6 mn in 2025, with life settlements delivering nearly nine times policy surrender values
North Carolina bans third-party litigation funding in civil cases
North Carolina became the first US state to ban third-party litigation funding in civil suits, targeting lawsuit costs and insurance pressures
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
Allianz warns Iran war could drive major marine insurance claims
Allianz said insurers face major marine claims after ships were damaged during the Iran war, with $125 bn in vessels and cargo trapped in the Persian Gulf
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
FEMA funds Mid-Atlantic hazard mitigation projects
FEMA opened FY 2026 hazard mitigation funding for projects in Delaware, Maryland, Pennsylvania, Virginia and West Virginia
FEMA opens $1.5 bn in preparedness grants for security risks
FEMA made more than $1.5 bn available across seven FY 2026 preparedness grant programmes for terrorism prevention, infrastructure security and resilience
Insurtech Honeycomb expands landlord and condo insurance into Nevada and Oregon
Honeycomb Insurance started writing policies in Nevada and Oregon, giving agents digital access to landlord, condo association and excess liability coverage
Tesla sued after fatal Model 3 crash into Texas home
Tesla faces a Texas lawsuit after a Model 3 crashed into a Katy home, killing Martha Avila, with claims tied to driver-assistance software
NAIC says Oracle PeopleSoft breach did not expose personal data
NAIC said a PeopleSoft zero-day attack exposed limited data, while investigators found no evidence of stolen personal or payment information
Insurtech Braven raises $4.6 mn in seed for re/insurance infrastructure growth
Braven raises $4.6 mn seed funding and opens a London office to expand delegated authority and specialty insurance infrastructure
Insurance AI hiring rises 32% despite workforce cuts
Insurers hired 32% more AI specialists last year as overall headcount fell 2.2%, according to Evident’s latest sector index
Digital insurance platform market to reach $432 bn by 2035
Digital insurance platform market is forecast to grow from $173.3 bn in 2026 to $432.2 bn by 2035 at a 10.7% CAGR
Oklahoma insurance commissioner race heads to runoff
Bob Sullivan and Marty Quinn advance to Oklahoma’s Republican insurance commissioner runoff as rising premiums dominate the campaign
Hormuz war risk insurance costs rise 4,000 times
Ships crossing the Strait of Hormuz face war risk insurance costs 4,000 times higher as mines, missiles, and attack boats threaten transit
California insurance race narrows to Jane Kim and Ben Allen
Jane Kim and Ben Allen advance in California insurance commissioner race as homeowners insurance reform dominates the 2026 campaign
Georgia judge impeachment targets court handling insurance cases
Two Georgia Republicans seek impeachment of Judge Eleanor Ross after misconduct findings involving chambers conduct and investigators
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
Ex-Texas police chief loses $14,400 insurance fraud appeal
Federal appeals court affirms fraud conviction of former Texas police chief over burned vehicle, false theft report, and insurance payout
Home insurtech Hippo places $777 mn reinsurance program for 2026
Hippo renews its 2026 reinsurance program with $513 mn first-event catastrophe protection and $777 mn aggregate coverage
Aryon Security raises $29 mn in Series A funding for cloud enforcement
Aryon Security raises $29 mn Series A to expand its cloud security enforcement platform for preventing misconfigurations before production
The EU delayed parts of the AI Act as US AI funding surged, widening Europe's gap in capital, compute, talent and data for startups
Clyde & Co’s 2026 survey shows how geopolitical volatility, AI and regulation are reshaping business risk, resilience and operational decision-making
Over 40% of agentic AI projects will be canceled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds