Insurtech Carpe Data names Glenn Shapiro board chairman
Carpe Data appointed Glenn Shapiro as Chairman of its Board of Directors, adding a senior claims executive with more than three decades of experience at major US carriers
🇺🇸 US Insurance News
Lilypad Insurance adopts ZestyAI roof analytics for coastal underwriting
Insurtech ZestyAI said Lilypad Insurance is implementing its Roof Age and Z-PROPERTY solutions to sharpen property risk assessment
DQPro selects Hartford for US expansion with InsurTech Corridor support
London-based specialty data firm will build US operations in Connecticut, citing access to carriers and regulatory guidance
Comeryx launched AI-native MGA with $7.5 mn backing to automate E&S underwriting
Comeryx has launched as an AI-native managing general agent focused on small business risks and closed a $7.5 mn funding round
AIG takes 35% stake in Convex, 9.9% in Onex in $7 bn tie-up
American International Group, Inc. has completed minority investments in Convex and Onex Corporation as part of a $7bn strategic transaction linking the three groups
California moves to tighten insurance rate-review intervenor rules under Prop 103
Ricardo Lara proposes stricter timelines, online disclosures, and revised fee standards for Administrative Hearing Bureau proceedings
House Bill 5608 weighs ban on credit scores in insurance underwriting
House Bill 5608 would bar use of credit history in rating, underwriting, cancellations across personal lines
New York fines Jericho Share $250k for acting as an unlicensed health insurer
New York Regulator says House of Prayer and Life operated as unlicensed health insurer, spent 12.5% of fees on medical claims
Missouri earthquake insurance coverage expands as homeowner take-up falls
Missouri Regulator reports 37% of insurers now write earthquake policies, yet penetration drops to 10.4% statewide
Washington Senate advances wildfire grants and insurance fraud overhaul
Lawmakers approve SB 6079 to fund home hardening and SB 6031 to expand felony fraud definitions and enforcement reach
Health plan sues Cigna over PBM rebates and drug pricing practices
Plumbers Welfare Fund alleges billions in kickbacks, inflated formularies, and rebate routing through Swiss affiliate Ascent Health Services
Michigan bill targets auto application rules and motorcycle insurance claim priority
Senate Bill 782 would end household listing mandates, restrict certain claim denials, and define payment hierarchy in motorcycle accidents
Pinion Insurance launches with $180 mn Barings backing
Pinion Insurance has launched as a specialty carrier backed by a preferred equity commitment of up to $180 mn from Barings
California weighs first smoke damage standards for insurance claims
California lawmakers are reviewing Assembly Bill 1795, a proposal to establish the first statewide standards in the US for smoke damage insurance claims
Insurtech Sixfold raised $30 mn Series B to scale GenAI Underwriter platform
Sixfold has secured $30 mn in Series B funding to expand its AI-driven underwriting platform. Brewer Lane led the round, with strategic backing from Guidewire
ZeroDrift raises $2 mn from a16z to automate finance compliance
ZeroDrift has launched with $2m in pre-seed funding led by a16z speedrun, positioning itself as a real-time compliance firewall for regulated industries
Full-coverage auto insurance premiums in the US drop 6% in 2025 after a 46% surge
Full-coverage auto insurance premiums drop 6% to $2,144 in 2025 after a 46% surge, but high-cost states climb and 2026 increases loom
Florida Senate panel backs rideshare insurance rollback
Florida SB 632 would cut $1 mn rideshare liability during trip acceptance phase, drawing support from Uber and Lyft and pushback from trial lawyers
Maura Healey proposes $100 mn reduction to Massachusetts from Group Insurance Commission
Gov. Maura Healey proposes $100 mn reduction to Massachusetts GIC funding as medical costs climb 10%, prompting protests and debate
Gov. Ned Lamont pitches Connecticut Option and tax credit for small firms
Gov. Ned Lamont seeks $1 mn to study a Connecticut Option and proposes ICHRA tax credits up to $1,000 per worker for small businesses
Illinois Department of Insurance revises supplier diversity report filing rules
Illinois DOI updates 2026 filing instructions for annual supplier diversity reports, sets asset test, SERFF codes, and scope rules
Georgia lawmakers introduce bill to reform USDA Hurricane Insurance Protection program
Reps. Rick Allen, Buddy Carter and Sanford Bishop introduced the Farmers’ AID Relief Act to amend the USDA’s Hurricane Insurance Protection–Wind Index program
Georgia Insurance Commissioner says Allstate rate cut to save drivers $17.7 mn in 2026
Allstate North American Insurance Company will reduce private passenger auto insurance rates by 5% in Georgia, generating an estimated $17.7 mn in savings for policyholders in 2026
FEMA updated flood maps with 6M window before new insurance rules take effect
FEMA has issued final pending flood maps that may change mandatory flood insurance requirements, giving homeowners six months to review potential impacts before they become effective
Advance raises $8.55 mn seed to modernise insurance payment infrastructure
Advance secures $8.55 mn in seed funding led by nvp Capital to automate premium flows, trust accounts and remittances for insurance intermediaries, turning idle balances into yield
Howden Group secures $703 mn via senior notes add-on to fund growth
Howden Group secures $703 mn in gross proceeds through a $690 mn add-on to its 8.125% senior notes due 2032, strengthening capital for expansion and acquisitions
Insurify launches first car insurance comparison app on ChatGPT
Insurify introduces the first insurance app in ChatGPT’s directory, enabling users to compare car insurance quotes and reviews directly within the AI platform
Insurtech Equal Parts raised $23 mn Series A to scale US agency roll-up
InsurTech platform Equal Parts secures $23 mn Series A to accelerate independent agency acquisitions and expand its AI-driven operating system
Trener Robotics raised €26 mn Series A to scale AI skills platform for industrial automation
Norway and US-based Trener Robotics secures €26 mn Series A to expand its Acteris AI robot skills platform and accelerate R&D, partnerships, and global growth
AIG and Onex close $7 bn Convex deal reshaping ownership
AIG takes 35% stake in Convex and 9.9% in Onex as Onex gains 63% control, forming strategic partnership with $2 bn capital commitment
Facultative reinsurance market enters softer phase – Gallagher Re
Gallagher Re’s Pablo Muñoz reports global facultative reinsurance pricing softening after January 1 renewals, driven by abundant capital and expanding appetite
Insurance broker stocks slide after OpenAI approves first carrier AI app
Broker shares fall about 9% after ChatGPT approves an insurer AI app, as analysts debate disintermediation risks and long-term impact on distribution
Reinsurers face softer rates yet margins seen strong in 2026
Autonomous expects robust reinsurance profitability in 2026 as structural price adequacy and stable terms offset mid-teen rate declines in property cat.
Gallagher Bassett buys Reck & Co to expand marine insurance claims reach
Arthur J. Gallagher expands claims platform as Gallagher Bassett acquires Germany-based Reck & Co, strengthening cross-border marine and transport claims services
Insurtech Indigo raises $50 mn Series B to scale AI medical liability platform
US medical professional liability insurer Indigo secures $50 mn in oversubscribed Series B funding to expand AI underwriting and national distribution
Prudential Japan CEO exit puts governance and investor trust under strain
CEO resignation at Prudential’s Japan life unit following employee misconduct raises governance questions as investors assess oversight across international operations
Insurance blocks MLB stars from World Baseball Classic rosters
Insurance denials force top MLB players out of the 2026 World Baseball Classic, exposing how coverage rules now shape who can compete
Cyber reinsurance rates drop 32% at Jan 2026 amid capacity glut
Gallagher Re reports a 32% fall in risk-adjusted cyber aggregate excess of loss rates at 1 Jan 2026 renewals as excess capacity and softer terms reshape the market
Los Angeles wildfires reveal gaps in insurance wildfire risk models
Analysis of the Jan 2025 Los Angeles fires shows why fuel structure, access, and ember dynamics matter more than ignition risk for insurance underwriting
Willis adds Dubai and Madrid to global D&F reinsurance placement hub network
Willis expands its direct and facultative placement network with new hubs in Dubai and Madrid, extending global market access through a single coordinated platform
Cargo theft shifts online as insurers warn of rising digital freight fraud
IUMI and TAPA EMEA warn cargo crime is surging worldwide, with digital fraud replacing physical theft as losses reach billions across supply chains
Kansas Insurance Commissioner weighs ending cost-sharing for follow-up breast cancer exams
Kansas Insurance Commissioner Vicki Schmidt backs SB 409 to remove out-of-pocket costs for follow-up breast cancer testing after abnormal mammograms
Insurtech Pasito raises $21 mn Series A to build AI workspace for benefits
Pasito secures $21 mn Series A led by Insight Partners to scale its AI-native workspace across group health, life, and retirement benefits operations
🇺🇸 New York targets auto insurance fraud as premiums near $4,000
New York moves to curb auto insurance costs with fraud crackdowns, payout limits for at-fault drivers, and revived enforcement as premiums run far above the US average
Insurtech Gain Life rebrands to Crosstie to scale AI insurance workflows
InsurTech Gain Life rebrands as Crosstie, expanding AI-driven workflow automation across P&C insurance operations, claims, underwriting, and customer self-service
🇺🇸 New York auto insurance hits record $1,935 as affordability worsens
New York drivers spent a record $1,935 on auto insurance, ranking among the least affordable states as repair costs, injuries, and claims expenses climb
Wisconsin DNR warns flood risk rising as wettest decade hits state
Wisconsin officials urge residents to assess flood risk and insurance options during Flood Insurance Awareness Week as flooding remains the state’s most common hazard
Louisiana insurers push tort reform as home insurance costs bite
Louisiana insurance agents urge lawmakers to cap damages and pass legal reforms as high property insurance costs slow homeownership and limit market competition
🇺🇸 US auto insurance costs rise as luxury and performance models drive premiums
Full coverage auto insurance in the US averaged $2,312 per year, or about $193 per month. That figure sits below the $2,746 annual average
Radian completes $1.67 bn acquisition of Lloyd’s re/insurer Inigo
Radian closed its $1.67 bn purchase of Inigo, reshaping the group into a global specialty insurer and lifting EPS and ROE expectations for 2026
Aon partners with ICICI Prudential to deploy PathWise actuarial platform
ICICI Prudential Life Insurance adopts Aon’s PathWise platform to unify actuarial modelling across IRBCF and IFRS 17 as India’s life market scales
Massachusetts court backs reinsurer reimbursement after Polaroid collapse
A Massachusetts appeals court ruled a reinsurer can recover COLA payments from the trust fund even after a self-insured employer enters bankruptcy
Reinsurance cycle looks steadier as capacity builds and T&Cs tighten
Autonomous sees a more rational reinsurance cycle, though rising capacity and softer pricing are expected to pressure terms and conditions through 2026
Steve Schell named Aon’s global life sciences industry leader
Aon leading global professional services firm, announced Steve Schell has been named Aon’s global life sciences industry leader
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
Munich Re launches Lloyd’s pandemic parametric insurance consortium
Munich Re sets up a Lloyd’s consortium offering parametric pandemic cover, using WHO-based triggers to address a widening global protection gap
KCC estimates $6.7 bn insured losses from Winter Storm Fern
Karen Clark and Company puts privately insured losses from Winter Storm Fern at $6.7 bn, driven mainly by freeze damage and power outages
Artificial Labs raises $45 mn Series B to scale insurance tech
Artificial Labs closed a $45 mn Series B led by CommerzVentures to scale digital broking and underwriting technology and expand into the US in 2026.
Aon delivered strong performance and finished 2025 with 9% total revenue growth
Aon delivered another quarter of strong performance and finished 2025 with 9% total revenue growth, 6% organic revenue growth and double-digit free cash flow
ILS market targets another record year after $24 bn issuance
Strong investor demand, reinvestment flows, and maturing cat bonds position the ILS market for another high-volume issuance year in 2026
Fitch estimates Winter Storm Fern insured losses at $4-7 bn. Losses hit earnings, not capital, with P&C insurers absorbing most claims and no rating downgrades
2026 Atlantic hurricane season passed without a single US hurricane landfall for the first time in ten years, yet still delivered deadly storms, elevated major hurricane activity, and meaningful losses
Singapore expands ILS grants as Asia’s cat bond market grows, but investor education, capacity gaps and regulatory momentum still shape the asset class
Hurricane Melissa and Asian floods show insurance’s role in adaptation, yet coverage is scarce. Philanthropy, bundling and aggregation could shift that