Oklahoma sues Allstate over storm damage insurance claim payments
Oklahoma AG Gentner Drummond sued Allstate, accusing the insurer of denying or underpaying valid wind and hail damage claims from homeowners
News
Gallagher buys broker Med James and Wilson M. Beck Insurance Services
Gallagher’s RPS acquires Overland Park-based Med James, adding MGA and wholesale brokerage capacity for retail agents in the North Central region
ARC Intelligence raises €4 mn to build finance OS for ERP-heavy firms
Berlin-based ARC Intelligence raised €4mn from 42CAP, 468 Capital and IBB Ventures to expand its AI-native finance platform for enterprises
Healthtech Doctorsa raises €1 mn for traveller healthcare platform
Doctorsa raised €1 mn from PranaVentures, Vento and 40Jemz Ventures to expand its 24/7 doctor network for international travellers
Liberty Mutual backs inKind with $320 mn restaurant financing
Liberty Mutual Investments provides over $320 mn to inKind, supporting restaurant growth capital, customer demand tools and AI-native operator products
Magnify Ventures closes $46.6 mn Fund II for care economy startups
Magnify Ventures closes $46.6 mn Fund II to back early-stage startups using AI across health, wealth, family care and care infrastructure
Acurio Ventures closes €115 mn for European VC secondaries fund
Acurio Ventures closes €115 mn secondaries fund to invest in mature European VC funds, targeting liquidity gaps and smaller fund-level deals
Skello raises €200 mn to expand HRTech platform across Europe
Paris HRTech company Skello secures €200 mn from Bridgepoint, Partech and XAnge to expand in Europe and invest further in AI tools for frontline teams
Stoa raises £1.8 mn in pre-seed for cash management platform
UK FinTech Stoa secures €2.1 mn pre-seed funding to grow its cash management platform for deposits, merchants and banking partners
Luffy AI raises £8.1 mn in Series A to scale adaptive industrial AI
Oxfordshire startup Luffy AI secures Series A funding led by BGF to scale neuroplastic AI for real-time motor control and industrial systems
Cambridge Mobile Telematics brings DriveWell Fleet to Geotab Marketplace
CMT adds DriveWell Fleet to Geotab Marketplace, giving fleets and insurers access to telematics-based commercial auto pricing
Healthtech RediMinds earns URAC AI accreditation for medical review
RediMinds received URAC’s first Health Care AI Accreditation, joining two other organizations in a new U.S. healthcare quality program
Fintech Klarna applies for US banking licence after $93 bn credit push
Klarna seeks a US banking licence after providing $93.1bn in credit through partner banks, aiming to issue US products directly
French insurtech Panora raises $5 mn for AI insurance broker automation
Panora secured $5mn in seed funding to automate broker workflows, expand portal links and enter more European insurance markets
CurifyLabs raises $14 mn Series A for US pharmacy expansion
Finnish health technology firm CurifyLabs secured $14 mn to expand US operations and advance automated systems for personalized medicine compounding
Startup EquiLibre reaches €438 mn valuation in Series A
Prague startup EquiLibre raised a Series A at a €438 mn valuation to build a major Central and Eastern European AI compute cluster
Startup Ora Computing raises €3.5 mn for AI model compression
Vienna-based Ora Computing raised €3.5mn to reduce AI model memory use, lower inference costs and support edge deployments
Osney Capital closes £60 mn UK cybersecurity seed fund
Osney Capital closed its £60mn debut fund, backing UK cybersecurity startups across AI security, supply-chain protection and cyber risk
UK regulator FCA urged to review AI models used for financial advice
UK regulator faces calls to review ChatGPT, Claude and Gemini as consumer use grows and AI concentration risks deepen
UK calls for global AI safeguards as security risks risev
Yvette Cooper seeks international AI safeguards amid warnings over cyberattacks, autonomous weapons, extremist chatbots and child sexual abuse
Louisiana suspends insurance cancellations after Tropical Storm Arthur
Louisiana Emergency Rule 50 delays policy cancellations, renewals and claim deadlines in seven parishes after Tropical Storm Arthur
Missouri warns drivers as vehicle theft losses top $8 bn
Missouri DCI urges drivers to prevent vehicle theft and review insurance coverage during Vehicle Theft Prevention Month
Farmers Insurance settles TCPA calls case for $2.9 mn
Farmers Insurance agreed to a $2.87mn TCPA settlement over alleged unwanted calls and texts, with claims due July 24, 2026
New Jersey charges 63 in $8 mn luxury car insurance theft case
New Jersey prosecutors charged 63 people over an alleged $8mn auto theft network shipping stolen luxury vehicles to Ghana and Nigeria
Hub International targets $3 bn IPO amid U.S. listing surge
Hub International seeks about $3 bn through an IPO, joining a growing group of private equity-backed companies pursuing U.S. listings
Nord Stream insurers avoid €580 mn claim under war exclusion
A London court ruled Nord Stream pipeline damage resulted from the war in Ukraine, removing a €580mn insurance claim against Lloyd’s and Arch
Iran mandates insurance for vessels transiting Strait of Hormuz
Iran has introduced mandatory insurance requirements for all vessels transiting the Strait of Hormuz, a move that maritime industry observers see as the first step
London marine insurers discuss replacing cancellation notices after wartime cover changes
London marine insurers discuss replacing cancellation notices after wartime cover changes in the Gulf triggered political backlash and disrupted shipping
FINN becomes unicorn after €100 mn Series D funding round
German car subscription platform FINN raised nearly €100 mn in Series D funding, surpassed a €1 bn valuation and secured additional debt financing
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
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
ACCC clears Zurich’s £8.1 bn acquisition of Lloyd’s underwriter Beazley
Australia’s ACCC approved Zurich’s £8.1 bn acquisition of Beazley, saying the deal is unlikely to reduce competition in insurance markets
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
Startup Unloq raises £900k to build AI decision intelligence platform
Birmingham AI startup Unloq secured £900k to expand its decision intelligence platform, grow engineering capacity and scale enterprise adoption
FCA censures CACEIS UK as bank agrees £31.7 mn WealthTek payment
CACEIS UK will pay £31.7 mn to WealthTek clients after the FCA found failures in controls over client assets and financial crime risks
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
Festina Finance raises €25 mn to expand life insurance and pension technology across Europe
Festina Finance secured more than €25 mn from Birchway Capital to expand its cloud-native pension and life insurance platform across Europe
Tsuga raises $35 mn Series A to expand AI observability platform
Paris-based Tsuga secured $35 mn in Series A funding to scale its AI-native observability platform and expand enterprise cloud deployments
Fintech equipal secures £16.3 mn to expand UK equipment finance platform
UK FinTech equipal raised £16.25 mn from Altum Capital to expand SME equipment finance, grow its team and scale embedded lending
UK commits £90 mn to first-time VC managers through new microfund programme
The British Business Bank will invest up to £90 mn in 10 first-time venture capital funds to expand early-stage financing across the UK
Fintech Warren raises €10 mn for Belgian workplace pensions
Ghent FinTech Warren raises €10 mn to expand workplace pension services in Belgium before entering European markets
SuperPlane raises $2.6 mn for AI engineering workflow control
SuperPlane raises $2.6 mn pre-seed funding for open-source AI workflow software, bringing controlled automation to production engineering teams
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
Asia-Pacific cyber insurance faces 135,000 ransomware attacks
INTERPOL’s cyber threat report shows Asia-Pacific insurers face ransomware, scams, DDoS, deepfakes, and widening coverage gaps
Hong Kong’s SFC seeks $150 mn Target Insurance share buyout order
Hong Kong’s SFC seeks a share buyout order against former Target Insurance chairman Ng Yu over alleged fiduciary breaches and fund losses
Canada life insurers use AI to close 42% insurance coverage gap
Manulife and PolicyMe expand AI underwriting as 42% of Canadians lack life insurance or remain unsure about their coverage
Alberta homeowners insurance premiums rise 392% in 20 years
Alberta homeowners insurance premiums rose 391.6% from 2005 to 2025 as hailstorms, wildfires, floods, and rebuilding costs increased claims
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
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
AI-related credit downgrade risk is concentrated in a small group of sectors, while 86% of tested sub-sectors show limited or no rating impact
Research finds 78 women use generative AI for every 100 men. Workplace barriers, automation risks and unequal representation raise concerns about AI adoption
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models