Insurtech Lemonade Q1 2026: Revenue jumps 71% as AI drives growth
Insurtech Lemonade reported in-force premium of $1.33 bn, up 32%, extending a ten-quarter run of accelerating growth. Revenue climbed faster, rising 71% to $258 mn
🇺🇸 US Insurance News
RenaissanceRe sees stronger reinsurance demand ahead of mid-year renewals
RenaissanceRe says new reinsurance demand is running above January expectations, with Florida and U.S. property cat still offering profitable growth
Global cyber insurance nears pricing floor as risks and competition rise
The global cyber insurance market is approaching a turning point, according to Richard Clapham, as pricing declines, exposures grow, and threat activity remains elevated
U.S.-Iran conflict reshapes airline insurance renewals across Middle East
WTW says U.S.-Iran tensions are driving aviation insurance pricing pressure, with hull war and liability rates set for tougher renewals in 2026
Insurtech Duck Creek launches AI tool to cut insurance product build time
Duck Creek introduced an agentic AI configurator aimed at reducing product setup timelines and simplifying deployment across insurers
Colorado advances bill to cut insurance costs with roof grants
Colorado lawmakers moved to address rising homeowners insurance costs, passing SB26-155 in the Senate. The bill targets wind and hail damage, a major driver of claims
New Jersey’s Travel Insurance Act sets new rules for travel insurance sales and licensing
New Jersey’s Travel Insurance Act introduces licensing, compliance, and disclosure standards for insurers, producers, and retailers
New York weighs tighter approval rules for auto insurance rates
New York could require insurers to seek state approval for any auto rate increase as lawmakers debate reforms tied to the delayed budget
Hail claims disputes rise as U.S. home insurance pressure builds
Homeowners challenge claim denials as storms intensify and insurers tighten payouts across high-risk regions
Hanover Insurance Group earnings preview: reserves, pricing and growth in focus
Investors watch how The Hanover Insurance Group manages liability reserves and pricing as Q1 earnings approach
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
SoundHound AI to acquire LivePerson in $250 mn enterprise value deal
SoundHound AI will acquire LivePerson to combine voice AI, agentic automation, and digital messaging across enterprise customer service workflows
Insurtech Simply Business launches ChatGPT app for instant insurance pricing
Simply Business rolls out a ChatGPT app in the U.S. and UK, offering small businesses fast indicative insurance pricing with minimal inputs
AI insurtech Cytora integrates LexisNexis data to automate U.S. underwriting
Cytora partners with LexisNexis Risk Solutions to embed data and analytics into AI-driven underwriting workflows for faster risk decisions
Liberty Mutual taps insurtech Ethos to launch instant digital life insurance
Liberty Mutual partners with Ethos to deliver a fully digital, no-exam life insurance journey with instant decisions
Courier Health raises $50 mn to scale AI patient engagement platform
Courier Health secures Series B funding to expand its AI platform addressing fragmented patient journeys in life sciences
BayCare pilots hospital robotics with Rovex to streamline logistics
BayCare tests robotic transport workflows with Rovex to reduce operational strain and improve efficiency across hospital operations
Robinhood Ventures Fund invests $75 mn in OpenAI to open private markets
Robinhood Ventures Fund I adds OpenAI stake, aiming to give retail investors access to high-growth private tech companies
AfterQuery raises $30 mn to scale expert AI training data platform
AfterQuery secures Series A funding at a $300 mn valuation as demand grows for high-quality data powering professional AI systems
Luminai raises $38 mn Series B to scale AI healthcare automation
Luminai secures new funding to expand its platform for automating complex administrative workflows across U.S. healthcare providers
Insurtech Fulcrum acquires crypto platform Megaphone to deepen product capabilities
Fulcrum acquires Megaphone and hires its founders to strengthen product development as it scales software for insurance brokerages
Insurtech Openly secures growth funding and expands Allianz Re partnership
Openly raises new capital and strengthens reinsurance backing with Allianz Re to support U.S. expansion and deepen independent agent partnerships
Connecticut court says rental car passengers can access uninsured motorist cover
The Connecticut Supreme Court ruled that passengers injured in a rental car crash can claim uninsured motorist benefits under the driver’s Progressive policy when bodily injury coverage applies to the rental vehicle
Albertsons agrees $774 mn opioid-related claims settlement as legal overhang nears end
Albertsons will pay $774 mn over nine years to settle opioid claims, taking a roughly $600 mn charge that pushed the grocer to a quarterly loss
Florida extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
Data center insurance demand opens $10 bn premium opportunity, says S&P
S&P Global Ratings said insurance demand tied to data center construction could reach $10 bn in premiums in 2026 as AI-driven expansion reshapes risk markets
COVU launches COVU OS to rebuild insurance agency workflows around AI
COVU introduced COVU OS, an AI-native operating layer for insurance distribution built to route service tasks across AI, agents, and offshore teams
DXC launches AI insurance apps with ServiceNow to speed insurer transformation
DXC introduced three Assure Smart Apps built on ServiceNow, targeting claims, customer engagement and underwriting with faster deployment and lower manual workload
Life reinsurance capital tops $160 bn as third-party investors expand
Guy Carpenter says global life reinsurance capital is set to rise above $160 bn in 2025, with third-party backing and asset-intensive deals driving faster growth
Cayman Islands gains ground in asset-intensive reinsurance, says PwC
PwC said asset-intensive reinsurance is helping turn the Cayman Islands into a larger hub for capital-efficient reinsurance as sector assets and premiums keep climbing
WTW warns general aviation rate cuts could fade as capacity comes under pressure
WTW said general aviation insurance stayed competitive in early 2026, though major losses, M&A activity and reinsurance pressure could tighten capacity and slow rate reductions
Insurtech Kin adds Okta CFO Brett Tighe to board as growth push continues
Kin appointed Okta CFO Brett Tighe to its board, adding public-company finance experience as the insurer expands home, auto and home financing products
Verisk says claims fell in 2025 as losses grew more concentrated
Verisk reported lower insurance claim volumes in 2025, though wildfire, motor theft, gig work and newer liability risks drove tougher loss patterns
Starfish Space raises $100 mn+ to scale in-orbit servicing missions
Starfish Space secured over $100 mn in Series B funding to expand its Otter servicing missions and meet rising demand from defence and commercial clients
Intelligent AI enters US market to tackle property underwriting data gaps
Intelligent AI expanded into the US via the Connecticut InsurTech Corridor, targeting incomplete submissions and data quality issues in property underwriting
Aon expands data center insurance program to $3.5 bn capacity
Aon increased its Data Center Lifecycle Insurance Program to $3.5 bn, adding coverage for operational data centers as digital infrastructure risks grow
FinTech Pipe raises $16 mn to expand embedded finance for small businesses
FinTech Pipe secured $16 mn to scale its embedded financing platform after originating more than $300 mn in advances to SMBs globally
Portal Space raises $50 mn in Series A to scale maneuverable spacecraft development
Portal Space secured $50 mn in Series A funding to advance Starburst and Supernova vehicles, targeting rapid orbital maneuverability for defence and commercial use
Healthtech Chapter raises $100 mn in Series E to scale AI Medicare platform
Chapter secured $100 mn led by Generation Investment Management, doubling valuation as it expands AI-driven Medicare and retirement tools
Slate Auto raises $650 mn to push low-cost electric truck into production
Slate Auto secured $650 mn in Series C funding to support production of its affordable electric pickup, with first deliveries targeted for late 2026
Sophia Space teams with Kepler to build in-orbit compute network
Sophia Space signed a commercial deal with Kepler Communications to connect orbital compute nodes, while pushing ahead with its in-orbit data centre platform after a $10 mn seed round
Critical Loop raises $26 mn to cut grid connection delays for US sites
Critical Loop secured $26 mn, bringing committed capital to $49 mn, to speed power access for US industrial sites with modular microgrid systems
Kulipa raises $6.2 mn to scale stablecoin card issuing infrastructure
Paris-based Kulipa raised $6.2mn in seed funding to expand stablecoin-funded card issuing across regulated markets in Europe, Africa and the US
Certiv raises $4.2 mn to secure autonomous AI agents on employee devices
Seattle-based Certiv emerged from stealth with $4.2 mn in pre-seed funding to build endpoint security controls for autonomous AI agents in enterprise settings
Cybertech Surf launches with $57 mn to push AI-led preventive cybersecurity
New York-based Surf emerged from stealth with $57 mn in funding to automate security hygiene and remediate enterprise risks with agentic AI
Conduit Health raises $17 mn to expand AI platform for insurance-covered medical supplies
Conduit Health secured $17 mn in Series A funding to grow its AI platform for Medicare and Medicaid patients needing insurance-covered medical supplie
Polymarket buys DeFi startup Brahma to simplify crypto prediction markets
Polymarket acquired Brahma to improve wallet flows, liquidity, and DeFi infrastructure as it pushes for a simpler prediction market experience
Yuzu Health raises $35 mn in Series A to rebuild health insurance infrastructure
Yuzu Health secured $35 mn in Series A funding to expand its health plan platform, automate back-office workflows, and scale modern insurance operations nationwide
S&P Global closes Enertel AI deal to deepen North American power forecasts
S&P Global completed its acquisition of Enertel AI, adding short-term AI-driven power price forecasting to its long-term energy market analytics
Startup Deeptune raises $43 mn led by a16z to build virtual training grounds for AI agents
New York-based Deeptune secured $43 mn in Series A funding to expand simulation-based training for AI agents as the industry searches for new data sources
Blossom Health raises $20 mn to expand AI-led psychiatry care
Blossom Health secured $20 mn in seed and Series A funding to expand its AI-native telepsychiatry platform, insurer ties, and clinician network across the US
How businesses can reduce cyber risk and limit digital loss
Businesses face higher cyber risk from breaches, outages, and human error. Strong backups, staff training, the right tools, insurance, and response plans help
Frank Carone associates charged in alleged no-fault insurance fraud case
Federal prosecutors charged three associates of Frank Carone in an alleged no-fault insurance fraud scheme, while Carone said he and his firm were victims too
Judge lets insurer payment-fixing case against Zelis and major health insurers move ahead
A federal judge allowed providers’ antitrust case against Zelis, Aetna, Cigna, Elevance, Humana, and UnitedHealth to proceed over out-of-network payment claims
Hartford Insurance to pay $100 mn in Baltimore archdiocese abuse bankruptcy
Hartford agreed to contribute $100 mn toward clergy abuse survivor claims in the Baltimore archdiocese bankruptcy, pending court approval of a reorganization plan
Special master backs $1.6 bn restitution for Greg Lindberg insurance fraud victims
A court-appointed special master recommended about $1.6 bn in restitution for victims tied to Greg Lindberg’s insurance fraud, narrowing who qualifies for payment
Illinois pushes auto insurance overhaul amid rising premiums
Illinois lawmakers are weighing insurance reforms aimed at rate oversight, fairer pricing, and stronger consumer protections as auto coverage costs climb
Healthcare insurance costs move back to the top of US voter concerns
Rising medical costs and higher insurance premiums pushed healthcare back to the top of US domestic concerns, with affordability now outpacing the economy
Brittni Mealy says Future ignored court-ordered $500,000 life insurance policy
Brittni Mealy asked a Georgia court to hold Future in contempt, alleging he failed to secure a $500,000 life insurance policy for their son Prince
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends
Life insurers keep stable portfolios in 2026, but rising private credit, PLRs, FABNs, and less-liquid assets lift investment risk and regulatory scrutiny