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
🇺🇸 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).
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
Cyera raises $600 mn at $12 bn AI security valuation
Cyera raises $600 mn to expand its AI security platform for data governance, DSPM, DLP, identity, privacy, and agentic risk control
Jeff Bezos-backed Prometheus raises $12 bn in a Series B to build physical AI software
Jeff Bezos-backed Prometheus raises $12 bn to build physical AI software for engineering, manufacturing, prototyping, and industrial design
AI startup Poetic raises $50 mn Series A at $500 mn valuation
Poetic raises $50 mn from Kleiner Perkins, Founders Fund, First Harmonic, and OpenAI to scale enterprise AI workflows
Insurtech Sixfold launches AI Underwriter after $30 mn funding
Sixfold launches AI Underwriter to support submission analysis, risk assessment, portfolio context, and insurer decision workflows
94% of US business owners worry their insurance might not fully respond to a specific loss
Gallagher survey shows U.S. business owners are shifting toward proactive risk management across AI, cyber, supply chain, and weather risks
World Bank approves $650 mn for Morocco programs
World Bank approves $650 mn for Morocco’s digital transformation, climate finance, disaster protection, cyber risk coverage, and private capital growth
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
CapsaAI raises $18 mn for private capital AI platform
CapsaAI raises $18 mn Series A funding to expand its AI operating system for private capital firms across U.S. markets
Google sues Chinese cybercrime group over AI scams
Google says Outsider Enterprise used AI and Telegram to send 2.5 mn scam texts, create fake sites, and target Android users in the U.S.
23andMe data breach victims get $46.75 mn settlement
23andMe bankruptcy plan administrator will pay $46.75 mn to settle data breach litigation, with cyber insurers funding about $13 mn
OpenAI faces state attorneys general investigation
U.S. state attorneys general investigate OpenAI over user data, minors, advertising, engagement practices, and ChatGPT safety claims
War risk models reshape insurance and Wall Street
Investors, banks, and insurers are adapting catastrophe-model methods to forecast war, regime change, shipping disruption, and political violence
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
Insurtech Pace raises $46 mn Series B for AI insurance operations
Insurtech Pace secures $46 mn Series B funding to expand AI agents for insurer workflows, policy servicing, claims, renewals, and submissions
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
Tennessee limits insurer gender questions for minors
Tennessee law bars insurers from requiring doctors to ask minors certain gender identity questions, drawing criticism from LGBTQ advocates
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
California reviews wildfire deductibles in surplus homeowners insurance policies
California will review surplus homeowners policies after wildfire deductibles left some fire victims facing large out-of-pocket costs after losses
How U.S. homeowners can lower insurance premiums
U.S. homeowners face rising insurance premiums, but policy reviews, deductibles, mitigation work, and shopping around can help control costs
New York auto insurance reforms may cut premiums
New York’s budget reforms target auto insurance fraud, insurer practices, and consumer protections, with possible annual savings of $200 to $300
California insurance commissioner race puts Kim and Allen ahead
Jane Kim and Ben Allen lead California’s insurance commissioner race, with Stacy Korsgaden close behind as wildfire coverage pressures shape voter priorities
Colorado hail roof grants target home insurance costs
Colorado’s SB26-155 creates a homeowner insurance enterprise to fund resilient roofs, reduce hail losses, and support competition in wildfire-prone markets
Howard Hughes buys Vantage in $2.1 bn insurance deal
Howard Hughes closes its $2.1 bn acquisition of Vantage, using the specialty re/insurer to shift toward a Berkshire-style holding company model
Cyber insurance claims quality matters more than policy wording
Cyber insurance claims capability determines recovery speed, loss control, and broker confidence when ransomware, data theft, or network outages hit clients
U.S. House lawmakers propose federal AI model rules over state controls
Draft U.S. AI legislation would block state rules on model development, drawing support from tech firms and criticism from consumer advocacy groups
Global life insurance consolidation to keep pace in 2026
Fitch expects global life insurance consolidation to continue as insurers reshape balance sheets, with Germany, the UK, the US, and Japan driving deal activity
El Niño may weaken Atlantic hurricane season risks
El Niño points to a quieter Atlantic hurricane season, though NOAA and forecasters warn hurricanes still bring major U.S., Caribbean, and insured-loss risks
AI malpractice claims rise as law firm insurers track $100 mn losses
EPIC says AI-related legal malpractice claims are now real, as insurers also report higher frequency, severity, and nine-figure losses
Pennsylvania AG reaches GEICO deal over AI-linked policy review
Pennsylvania’s attorney general reached an agreement with GEICO after a policyholder lost auto coverage following an AI-linked review
Iowa cancer screening law removes prior authorization for some health insurance plans
Iowa’s Patients First Act lets doctors order cancer screenings without prior authorization, but the change applies to about 829,000 residents
US-Iran ceasefire strains marine war risk cover after Hormuz strikes
Fresh U.S. strikes near Bandar Abbas deepen uncertainty for marine insurers as Hormuz war risk pricing remains far above pre-war levels.
Blitzy raises $200 mn at $1.4 bn valuation for AI coding
Blitzy raised $200 mn led by Northzone to expand its autonomous enterprise software development platform for Global 2000 customers
StitcherAI launches IT finance platform with $3 mn funding
StitcherAI has launched its IT finance system of intelligence and announced $3 mn in pre-seed funding. Founders Co-op led the round, with participation from Sunshine Lake VC
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
How insurers use AI, parametric models and data to close the global protection gap, support climate finance, and strengthen resilience amid regulatory fragmentation