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
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The latest news and research on Global insurance, reinsurance, insurtech, fintech, healthtech and finance industry. Explore the latest insights, trends and breaking news from financial & insurance industry authority Digital Insurance Media
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
Allianz Partners buys nib travel insurance portfolio
Allianz Partners will acquire major parts of nib’s Australia and New Zealand travel insurance portfolio, including TID and a 20-year distribution deal
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
EIOPA warns European insurers on private credit risk controls
European insurers are moving deeper into private credit, but EIOPA says firms need stronger risk models, valuation discipline, and liquidity controls
Allianz in talks to buy Portuguese insurer Caravela Seguros
Allianz is discussing a potential acquisition of Caravela Seguros, a deal that would expand its Portuguese non-life insurance portfolio
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
Private credit shock would hit European insurers and pension funds hardest
ECB stress exercise finds European insurers and pension funds face heavier private credit losses than banks, due to larger exposures and market revaluations
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
DB Insurance set to close $1.65 bn Fortegra acquisition deal
DB Insurance is expected to complete its $1.65 bn cash acquisition of Fortegra on May 29, with Tiptree confirming the deal remains on track
Insurance Council of Australia urges CSLR reform to avoid cross-sector levies
The Insurance Council of Australia says CSLR reforms should target claim cost drivers, limit compensation, and keep general insurance excluded
Egypt starts Eid al-Adha medical insurance and emergency plan across
Egypt launched a nationwide Eid al-Adha medical plan, adding hospital readiness, ambulances, blood stocks, mobile clinics, and emergency monitoring
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
Niyam Syndicate 2047 draws Lloyd’s reinsurance interest in GIFT City
Niyam Group CEO Bobby Swarup said Syndicate 2047 in India’s GIFT City could attract more global reinsurance capital through Lloyd’s
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.
Switzerland ranks third globally as reinsurance premiums hit CHF45.6 bn
Swiss reinsurers wrote CHF45.6 bn in gross premiums in 2021, making Switzerland the world’s third-largest reinsurance location
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
Vienna Insurance Group completes NÜRNBERGER acquisition in Germany
Vienna Insurance Group completed its largest acquisition, taking 99.2% of NÜRNBERGER to expand in Germany and support CEE growth
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
Commure raises $70 mn at $7 bn valuation for healthcare AI
Commure raised $70 mn from General Catalyst, Sequoia, Morgan Stanley, and Kirkland & Ellis to expand AI revenue cycle tools
Zendesk commits $100 mn to startup AI customer support program
Zendesk launched a two-year $100 mn startup program offering no-cost AI support tools, onboarding, partner benefits, and VC portfolio support
Accenture invests in Aera to scale AI supply chain decisions
Accenture invested in Aera Technology to combine agentic decision intelligence with AI-enabled supply chain tools for global enterprises
Quantum Bridge raises $8 mn to build quantum-safe cybersecurity
Quantum Bridge raised $8 mn in Series A funding to expand its DSKE protocol and help organizations move toward quantum-safe security
ICEYE secures €300 mn RCF to support satellite contracts
ICEYE secured a €300 mn three-year revolving credit facility from a seven-bank syndicate to back guarantees and global growth
Harmoney secures €10 mn investment for AI compliance platform
Harmoney raised €10 mn from Smile Sail to expand its counterparty risk platform for KYC, AML, DORA, ESG, and third-party compliance
Scope raises $20 mn to expand AI workflows for inspection teams
London-based Scope raised €17.2 mn to expand its AI platform for testing, inspection, and certification workflows worldwide
New York DFS issues cyber threat guidance for banks, insurers, and financial firms
New York DFS issued guidance for banks, insurers, and financial firms on cybersecurity steps during heightened threat environments
AI power demand puts tech climate pledges under investor pressure
Shareholders are pressing Amazon, Meta, and Alphabet to explain how rising AI data center power demand fits with their climate goals
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
Howden US faces WTW lawsuit over yacht insurance team hires
WTW Northeast sued Howden US and former marine brokers, alleging client solicitation, loyalty breaches, and restrictive covenant violations
Acrisure to cut 2,250 jobs by 2027 as AI reshapes operations
Acrisure CEO Greg Williams told employees the broker will cut about 11% of staff as it expands AI, automation, and digital platforms
PIMCO and L&G face claims over Brussels tower valuation dispute
Finance Tower’s owner alleges lenders pressured valuers to cut the Brussels skyscraper’s value below €950 mn amid a debt and insolvency dispute
Columbia Lloyds adopts ZestyAI property risk platform for homeowners
Columbia Lloyds will use ZestyAI’s property intelligence tools to assess roof age, condition, materials, and weather exposure across three states
AM Best says $100 bn loss needed to tighten reinsurance market
AM Best revised its global non-life reinsurance outlook to stable as property rates fall and capital remains strong without a major loss
Minnesota reinsurance waiver fight looms as commerce leaders exit
Minnesota must reapply for its health reinsurance waiver in 2026 as senior commerce lawmakers leave and premiums face renewed pressure
Florida property insurers may see lower June reinsurance costs after reforms
AM Best expects softer June 2026 reinsurance renewals for Florida property insurers as litigation reforms and better results support capacity
UK funded reinsurance capital rules may cut life insurer appetite
UK PRA plans to lift capital charges on funded reinsurance to about 10% of annuity liabilities, raising doubts over future PRT use
Everest to sell Colombia insurance unit to AIG in portfolio shift
Everest agreed to sell its Colombia general insurance business to AIG as it narrows focus to global reinsurance and wholesale specialty insurance
Aon reshapes credit reinsurance business with global hub model
Aon is moving its credit reinsurance operations to a global hub-led structure, with Rupert Evans relocating to New York
American Global signs Lloyd’s quota share deal for health indemnity
American Global Insurance secured Lloyd’s quota share reinsurance for AGII’s healthcare indemnity portfolio, with syndicates taking 50%
Workplace homicide rates stay flat as national murders rise 35%
NCCI says workplace homicides stayed near 400 to 500 cases a year from 2011 to 2024, led by risks in sales, transport, and public-facing jobs
North Carolina homeowners face 7.5% insurance rate hike in June
North Carolina homeowners insurance rates will rise 7.5% on June 1 after regulators rejected an industry request for a 42% increase
Cathay launches insurance platform with Asia Miles rewards for members
Cathay launched a one-stop insurance platform offering travel, health, home, motor, and accident cover from partners including Cigna, Chubb, and Zurich
New York budget bars ICE pacts and rewrites auto insurance rate rules
New York’s PPGG budget bill restricts local ICE cooperation, sets police mask rules, and changes auto insurance rating and approval rules
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
US home insurance premiums more than double as 2025 rate hikes slow
Rate Insurance says U.S. home insurance premiums rose 107.6% since 2019, though annual growth slowed to 9.16% in 2025
Nevada utility seeks customer funding for wildfire insurance plan
NV Energy has added $250 mn in wildfire coverage but still wants Nevada ratepayers to help fund a $500 mn self-insurance policy
Reduced health insurance payments for hospital births changed U.S. sterilization rates
A new study says shorter postpartum hospital stays in the 1990s reduced U.S. female sterilization rates more than 1970s consent reforms
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
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events
Six months after wind-driven wildfires killed 30 people and destroyed thousands of homes and businesses in and around Los Angeles, the scenes in Altadena and Pacific Palisades remain severe
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance
The rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and extraordinary inflation