Kelvin wave tied to El Niño is moving toward California, increasing coastal flood risk
A Pacific Kelvin wave tied to El Niño is moving toward California, with sea levels expected to rise by up to 1 foot and increase coastal flood risk
News
Insurtech Artificial Labs unveils new brand identity after international expansion
Artificial, a digital broking and underwriting technology provider, launches a new brand identity after funding, U.S. and German expansion
Lloyd’s Veterans Charity awards £850K to 9 groups supporting veterans’ mental health
Lloyd’s Veterans Charity awards £850,000 to nine organisations supporting veterans’ mental health and employment across the UK
Nor’easter brings flood and wind losses across US East Coast
A strong nor’easter brings coastal flooding, heavy rain and damaging winds across the US East Coast, with further rain expected in the Northeast
EigenRisk adds Swiss Re CatNet hazard data to EigenPrism
EigenRisk adds Swiss Re CatNet hazard data to EigenPrism, giving insurers, MGAs and brokers access to global catastrophe risk analytics in one platform
ANV acquires Car Care Plan from AmTrust Financial Services
ANV Group completes its acquisition of UK vehicle warranty MGA Car Care Plan from AmTrust, adding operations across Europe, the US, Turkey and China
National Life adds new index options to SummitLife Indexed Universal Life Insurance product
National Life Group adds Bloomberg MAVIN 10, Nasdaq 100 Multi-Asset Edge 8% and new S&P 500 crediting options to its SummitLife IUL product
Outmarket AI raises $34.5 mn Series B for insurance automation
Outmarket AI raises $34.5 mn in Series B funding led by SignalFire after reaching 10,000 users and more than 300 insurance agency customers
Vertafore launches AI document agent for insurance workflows
Vertafore releases its Velocity Document Intelligence Agent for ImageRight, using AI to search insurance documents and cut review time by up to 90%
Australia surcharge ban cuts credit card travel insurance perks
Australia’s card surcharge ban starts October 1 as banks raise fees, trim rewards and reduce travel insurance benefits to offset lower interchange income
SpaceX Starship reaches orbit under $500 mn launch liability insurance cover
SpaceX Starship reached orbit for the first time and deployed 26 Starlink V3 satellites, adding fresh data for launch, satellite and liability insurers
Delta emergency landing in Portugal raises aviation insurance exposure
Delta flight DL251 from Barcelona to Boston made an emergency landing in Porto after smoke filled the cabin, with three passengers taken to hospital
RAF Fairford terror probe puts UK terrorism insurance in focus
Five arrests near RAF Fairford put UK terrorism insurance in focus as police examine explosives, possible Iran links and risks to nearby businesses and property
ERGO rolls out internal GPT AI platform across insurance workforce
ERGO has rolled out its internal ERGO GPT platform to all employees, combining generative AI with mandatory training, privacy controls and regulated use
Heirs Insurance launches multilingual GenAI assistant Prince AI in Nigeria
Heirs Insurance launches Prince AI, a multilingual generative AI assistant for policy purchases, renewals, claims and insurance support in Nigeria
Sun Life Insurance expands AI tools for financial advisors in Canada
Sun Life expands AI tools for Canadian financial advisors with Notes Assistant and an AI concierge, cutting admin time and speeding access to client information
Google Cloud launches Gemini Enterprise for insurance and financial services
Google Cloud launches Gemini Enterprise for Financial Services with AI agents, 50+ finance skills, 13 data connectors and Deutsche Bank deployment plans
Korea life insurance association brings AI into core operations
South Korea’s life insurance association is deploying AI for complaints, ad reviews, internal rules and licensing exam questions, with 17 use cases planned
Prudential Hong Kong launches AI underwriting tool with Alibaba Cloud
Prudential Hong Kong has launched an AI underwriting tool with Alibaba Cloud, providing preliminary guidance within minutes with over 95% accuracy
PureHealth launches AI system for Daman health insurance
PureHealth launched an AI-powered system for Daman that will process more than 60 mn insurance documents a year and cut turnaround times to minutes
Mosaic Insurance launches AI underwriting platform Halo for SME risks
Mosaic Insurance launched Halo, an AI-powered underwriting platform designed to bring complex specialty insurance products to SME brokers and clients
Reinsurance market set for more flexible 2027 renewals
Record reinsurance capacity and strong earnings are setting up more flexible January 2027 renewals, with further property and cyber rate reductions expected
Massachusetts auto insurers may withhold MedPay for health-covered bills
Massachusetts Appeals Court upheld Commerce Insurance’s denial of MedPay benefits for medical bills already paid through an insured’s health plan
Delaware insurance agent jailed after stealing $625K from clients
NAIC defended US state insurance regulation after Elizabeth Warren raised concerns over private credit, affiliated investments and insurer solvency
State Farm to expand claims workforce by 3,000 employees in 2027
State Farm plans to expand its claims workforce by 10% in 2027, adding about 3,000 roles as claim volumes and technical demands rise
Catastrophe insurance gap persists as reinsurance capacity grows
Reinsurance capital hit a record $785 bn, yet 57.8% of global catastrophe losses went uninsured from 2015 through 2025, Moody’s found
Australian EV demand rises to 31% in 2026 as running costs drive interest
EV consideration in Australia rose to 31% in 2026 as lower running costs, wider model choice and charging access reshape household buying decisions
Insurance Australia Group settles A$2.8 bn Credit Suisse claims over Greensill
IAG agreed to settle A$2.8 bn in Credit Suisse claims linked to Greensill insurance policies, with no material impact expected on FY2027 results
Insurer PZU is examining an alternative restructuring with Bank Pekao
Poland is examining a new structure for PZU and Bank Pekao after legal changes needed for their planned merger ran into presidential veto risk
AI platform Equal Parts acquires Florida transportation broker Independence
Equal Parts acquired Florida-based Independence Insurance Agency, its second transportation insurance acquisition announced in consecutive weeks
NAIC tightens oversight of private credit and insurer investments
NAIC details tougher oversight of private credit, insurer investments, ratings and reinsurance as regulators respond to more complex life insurance assets
Centers for Medicare & Medicaid Services cancels ACA coverage for 760K people
CMS canceled 315,000 ACA Marketplace enrollments covering 760,000 people and froze new broker registrations as part of a federal anti-fraud review
Airport strikes across Australia test travel insurance exclusions
Airport strikes across Australia put travel insurance exclusions under scrutiny as policy timing determines cover for delays, cancellations and extra costs
Offshore energy insurance premiums hit $4.8 bn as margins tighten
Global offshore energy insurance premiums reached $4.8 bn in 2025 as excess capacity, rising attritional claims and renewables pressure margins
Florida homeowners insurance rates fall as more insurers seek cuts
Florida homeowners insurance rates are easing as regulators approve cuts, more insurers enter the market and premiums decline across 51 counties
Beazley confirms AI-affirmative cyber insurance coverage
Beazley confirmed AI-affirmative cyber cover as insurers clarify how policies respond when artificial intelligence contributes to cyberattacks and losses
Colorado health insurance premiums to rise 10-14% in 2027
Colorado approved 2027 health insurance increases averaging 10% for individual plans and 14% for small groups, with Grand Junction up 15.5%
Relation Insurance acquires Pennsylvania-based LaPlaca Insurance
Relation Insurance acquired LaPlaca Insurance, adding a Pennsylvania agency serving commercial, employee benefits and personal lines clients
Hawaii urges insurance checks as Hurricane Nolo approaches
Hawaii regulators urge residents to review hurricane, flood, renters and auto insurance as Hurricane Nolo approaches the islands
IRDAI proposes insurance distribution overhaul and lower expense caps
IRDAI proposes new insurance distribution rules covering commissions, lower EoM limits, mis-selling controls and a simpler three-tier structure
Saudi Arabia approved war-risk insurance pool for cargo and vessels
Saudi Arabia approved a national marine war-risk insurance pool led by Saudi Re to protect cargo, vessels and trade during geopolitical disruption
Tesla Insurance blocked in New York over Tesla-only auto coverage
New York regulators rejected Tesla General Insurance’s auto filing over Tesla-only eligibility, delaying the company’s insurance launch in the state
NJ Gov. Mikie Sherrill urges Lt. Gov. Dale Caldwell to resign over harassment probe
New Jersey Gov. Mikie Sherrill called on Lt. Gov. Dale Caldwell to resign after an investigation substantiated sexual harassment and ethics violations
LexisNexis and IMS bring on-device telematics to US insurers
LexisNexis and IMS integrated Drive Metrics with EdgeSDK, bringing on-device driving scores and lower-cost UBI infrastructure to US auto insurers
Washington proposes 4.9% workers’ comp insurance rate increase for 2027
Washington L&I proposed a 4.9% workers’ compensation rate increase for 2027, adding about $1.44 a week per full-time employee on average
Hurricane watch issued for Hawaii as Tropical Storm Nolo strengthens
Hawaii’s Big Island is under a hurricane watch as Tropical Storm Nolo strengthens, with up to 35 inches of rain and major flooding possible
Insurtech Corgi expands trucking insurance program to towing businesses
Corgi expanded its trucking insurance program to tow-truck operators, combining auto liability, on-hook and garage keepers coverage in one policy
Louisiana invests $100 mn in fortified roofs to reduce home insurance costs
Louisiana added $20 mn in federal funding for fortified roofs, bringing 2026 investment to $100 mn across programs aimed at storm damage reduction
Florida farm manager admits $3.25 mn crop insurance fraud
Florida farm manager Mark Frisbie agreed to plead guilty in a crop insurance fraud case and pay more than $3.25 mn in federal restitution
Tesla FSD exceeded speed limits in Belgian road tests
Belgian road-safety tests found Tesla FSD exceeded 30 km/h limits in 55% of tested Brussels segments and attempted prohibited cyclist overtakes
76% of New Zealand mid-sized firms faced cyber threats
NCSC research finds 43% of New Zealand SMEs feel vulnerable to cyber attacks, while 76% of firms with 20-49 staff faced threats or attacks.
New Zealand warns frontier AI will accelerate cyber threats by 2027
New Zealand’s NCSC says frontier AI is increasing cyber risk as serious incidents rise and criminals adopt AI for phishing, scams and reconnaissance
New Zealand’s NCSC names China as top state-backed cyber threat
New Zealand’s NCSC identified China as its most persistent state-backed cyber threat after 86 major cyber incidents showed suspected state links
Insurtech Vertafore launches Digital Underwriter AI agents for MGAs
Vertafore introduced two Velocity AI agents for MGA underwriting, targeting renewal reviews, program configuration and faster policy processing
Unicorn Upwind acquires Aegis and launches AI Labs for Cybersecurity
Upwind acquired Israeli AI security startup Aegis in a stock deal worth tens of millions after raising $300 mn at a $3.8 bn valuation
Fintech Qonto opens Paris headquarters for European growth
Qonto opened an 11,000 sqm Paris headquarters with 900 workstations as the fintech expands across eight European markets and pursues a banking licence
Tiledesk raises €1.1 mn to expand open-source AI agent platform
Tiledesk raised €1.1 mn to expand its open-source AI agent platform, four years after securing €600,000 for its customer service technology
Hlpy raises €20 mn and acquires 100% of Carvoilà in European expansion
Hlpy raised €20 mn in equity and debt financing and acquired Carvoilà, expanding its digital vehicle services business across European markets
Sprive raises £7.7 mn Series A to expand mortgage fintech app
Sprive raised £7.7 mn in Series A funding after reaching 567,000 users, £42 bn in supported mortgages and an annual revenue run rate above £18 mn
Startup Primo raises €6.9 mn to expand AI agents for enterprise IT
Paris-based Primo raised €6.9 mn to expand autonomous AI agents for IT operations after reaching €3.4 mn ARR and more than 400 customers
67% of US independent insurance agents use AI, while trust and innovation drive carrier partnerships and satisfaction diverges across P&C insurance lines
Explore enterprise AI adoption, investment returns, agentic AI governance and workforce readiness, including the gap between pilot projects and production
Artificial intelligence is reshaping workforce management, changing the skills employers require and creating new responsibilities for human resources teams
Q2 2026 Global InsurTech funding reached $2.44 bn, 99.1% directed to AI-focused firms, as data center expansion creates new insurance risks