Rising healthcare costs overtake retention as top priority for U.S. hospitals – Aon’s survey
Aon’s 2025 survey shows U.S. hospitals rank healthcare cost spikes above retention, as PEPY spend jumps and benefit strategies rapidly evolve
News
Volt Underwriting enters ports and terminals market with $15 mn capacity
Volt Underwriting launches a $15mn ports and terminals line backed by Tokio Marine Kiln, expanding its global energy focused MGA platform
National Flood Insurance Program extended to Jan 2026 as pressure mounts to overhaul FEMA operations
Congress extends NFIP to Jan 2026, triggering renewed calls to reform FEMA and pursue long term flood insurance stability beyond short lived funding deals
Pennsylvania Insurance Department pushes back on Smucker’s ACA claims with district data
Pennsylvania Insurance officials counter Rep. Smucker’s ACA remarks, citing sharp 2026 premium hikes and detailed Pennie data for District 11
Penn Mutual Life Insurance seeks to shift liability in Montana premium financing dispute
Penn Mutual says funeral directors lost millions due to flawed legal advice tied to life policies and premium financing arranged by attorney Janette Jones
Indiana court dismisses Cantor’s $25 mn fidelity bond case over jurisdiction
Indiana’s appeals court tossed Cantor’s $25mn fidelity bond suit, ruling nonresident insurers lacked the minimum contacts required for state jurisdiction
Wisconsin weighs workers’ comp bill boosting insurance payouts and tightening rules
Wisconsin lawmakers review AB 651, a workers’ comp bill raising payouts, revising claims rules, and updating evidence, limits, and first responder coverage
Geico loses bid to dismiss $69.7 mn South Carolina business tax lawsuit
A federal judge refused Geico’s motion to dismiss a $69.7mn suit over unpaid business license taxes and penalties owed to South Carolina municipalities
Swiss Re reports a net income of $4 bn for the 9M 2025
Swiss Re lifts Q3 net income to $1.43bn, accelerates L/H fixes, and stays bullish on 2025 despite noisy portfolios and tougher pricing
Allianz lifts 2025 outlook after €13 bn profit and record Q3 results
Allianz posts record Q3 gains, €13.1bn nine month profit, and raises its 2025 operating target to €17bn as P/C and L/H units drive growth
Chubb launches AI optimisation engine to boost embedded insurance sales
Chubb just rolled out an AI-powered optimisation engine inside Chubb Studio, its digital platform for embedded insurance
Fintech Zelis expands ZAPP into P&C insurance via partnership with Duck Creek
Zelis integrates its Advanced Payment Platform with Duck Creek to speed P&C payment processing, cutting integration time from months to weeks
Insurtech Policybazaar launches reinsurance across Sri Lanka, Qatar, Oman, UAE
Policybazaar expands into Sri Lanka, Qatar, Oman, and UAE with a tech-led reinsurance model built to speed placements and modernize emerging markets
Hiscox ordered to release records in $6.8 mn Dwolla fraud coverage fight
A U.S. court ordered Hiscox to hand over claims and underwriting records in a $6.8mn dispute over Dwolla’s denied computer fraud insurance claim
IAG handles 10,000+ weather claims after major hailstorms in Australia
IAG processes over 10,000 claims after severe hail and storm damage across Queensland, NSW, and Victoria, activating major recovery operations
Lloyd Smucker disputes Pennsylvania’s statement on ACA insurance premium spikes
Rep. Lloyd Smucker disputes Pennsylvania Insurance Department’s statement on ACA premium spikes, demanding transparency over tax credit assumptions
Louisiana’s insurance regulator eyes standardised discounts for fortified roof homes
Louisiana’s insurance regulator plans benchmark discounts for 10,000 Fortified roofs as data grows, cutting average premiums by 22%
Lloyd’s announces 2025 Council election ballot for working members
Lloyd’s launches a ballot for two working member seats on its Council after receiving three valid nominations for the 2025–2028 term starting February 1
EQT and CVC form consortium in A$5.25 bn bid for insurance broker AUB Group
AUB Group allows EQT and CVC to form a consortium to acquire the Australian broker in a deal valued at A$5.25 bn, extending exclusivity talks to early December
Hanwha Life hosts FuturePlus FinTech training for Vietnamese students
Hanwha Life welcomes 30 top Vietnamese FinTech students to South Korea for a five-day FuturePlus training program focused on AI, InsurTech, and innovation
UK gadget insurance hits record 8.46 mn policies as device prices soar
Gadget insurance in the UK jumps 7.5% to 8.46 mn policies in 2024, with premiums up 22% as rising smartphone and wearable costs fuel strong consumer demand
mea Platform launches AI suite to cut (re)insurance operating costs
mea Platform unveils mea Operations, an AI suite that automates underwriting, claims, and finance to slash (re)insurance costs by up to 50%
Insurtech Radity partners with Bridger to build next-gen insurance platform
Swiss InsurTech Radity teams with Bridger Insurance to launch a next-gen digital distribution platform, streamlining auto insurance operations and agent workflows
Insurtech Fintary raises $10 mn to automate insurance commission operations
Fintary secures $10m Series A led by Infinity Ventures to expand its AI platform that automates insurance commission and financial management
Aon launches digital Claims Copilot to enhance global claims outcomes
Aon debuts Claims Copilot, an AI-ready digital platform unifying analytics, automation, and advocacy to streamline global claims and improve client results
Moody’s estimates $3–5 bn insured losses in Jamaica from Hurricane Melissa
Moody’s RMS pegs Jamaica’s insured losses from Hurricane Melissa at $3–5 bn, with total economic losses possibly exceeding the island’s $20 bn GDP
Liberty Mutual posts $2.22 bn Q3 profit as combined ratio hits 84.7%
Liberty Mutual’s Q3 net income rose to $2.22 bn with a combined ratio of 84.7%, driven by strong underwriting and a sharp fall in catastrophe losses
Fitch warns Solvency II capital cuts may weaken EU insurers’ credit
Fitch says EU plans to ease Solvency II rules could raise insurers’ risk-taking and understate spread risk, posing mild pressure on credit quality
Munich Re posts strong Q3 results, confirms €6 bn 2025 full-year target
Munich Re reports €1.997 bn Q3 profit and €5.176 bn nine-month result, reaffirming €6 bn 2025 target as P&C delivers record margins and low loss ratios
Howden to acquire Evelyn Partners’ employee benefits consultancy EPFS
Howden will acquire Evelyn Partners Financial Services to boost its UK employee benefits and corporate health division, pending regulatory approval in 2026
Canada Life completes £41 mn buy-in deal with A.G. Barr pension scheme
Canada Life finalises a £41 mn buy-in with A.G. Barr’s pension scheme, securing benefits for 300 members and completing their long-term de-risking plan
Asia-Pacific insurance market growth fueled by reforms, low coverage
Asia-Pacific remains one of the strongest global growth regions for insurance. It’s a region with a relatively young population and still very low penetration
Aquarian Capital to buy Brighthouse Financial in $4.1 bn cash deal
Aquarian Capital will acquire Brighthouse Financial for $4.1 bn in cash, keeping the insurer independent and focused on U.S. retirement markets
Idaho regulators ordered three insurers to stop limiting Medicare Advantage sales
Idaho regulators ordered three insurers to halt efforts that restricted access to Medicare Advantage applications and discouraged agent participation
Washington Supreme Court extends traveling employee rule to disease
The Washington Supreme Court ruled that the state’s traveling employee doctrine applies to occupational diseases, including COVID-19, for workers’ comp coverage
Aon reported Q3 2025 net income attributable to shareholders of $458 mn
Aon reported Q3 2025 net income attributable to shareholders of $458 mn, up from $343 mn a year earlier. Aon’s Q3 EPS rose 34% to $2.11 as revenue climbed 7% to $4 bn
Insurtech Hippo posts $98.1 mn Q3 profit after homebuilder sale, underwriting gains
Hippo swung to $98.1 mn Q3 profit from an $8.5 mn loss, driven by a $91 mn homebuilder network sale and strong casualty and commercial line growth
Berkshire Hathaway Q3 underwriting profit triples to $3.16 bn
Berkshire Hathaway’s Q3 pretax underwriting earnings tripled to $3.16 bn, led by reinsurance and primary gains despite weaker Geico results
Allstate sues Texas pain clinics for $1.7 mn insurance fraud scheme
Allstate alleges a Texas pain clinic network inflated $1.7 mn in auto injury bills through fake procedures and unlawful fee-splitting, seeking $5.2 mn in damages
Fairfax Q3 2025 profit rises to $1.15 bn as underwriting, investments climb
Fairfax Financial’s Q3 earnings hit $1.15 bn, up from $1.03 bn, on stronger underwriting, fewer catastrophe losses, and $426 mn in investment gains
Lemonade narrows Q3 2025 net loss 45% to $37.5 mn as AI cuts expenses
Lemonade’s Q3 net loss fell 45% to $37.5 mn as AI-driven automation cut loss adjustment costs and premiums more than doubled year over year
Nippon Life completes $8.2 bn acquisition of Resolution Life Group
Nippon Life finalizes its $8.2 bn takeover of Resolution Life, forming Acenda in Australasia and expanding its life and reinsurance reach globally
MetLife Q3 2025 profit falls 36% to $818 mn on derivative, investment losses
MetLife posts $818 mn Q3 net income, down 36%, as derivative and investment losses offset higher revenue and growing pension risk transfer deals
Hurricane Melissa causes up to $4.2 bn insured losses in Jamaica
Verisk estimates Jamaica’s insured losses from Hurricane Melissa at $2.2–$4.2 bn, with near-total building destruction in landfall zones
Willis appointed of three senior hires to its Direct and Facultative team in the UK
Willis, a WTW business, announced the appointment of three senior hires to its Direct and Facultative team in Great Britain
Verisk warns insurers as frequency perils surge, losses hit $152 bn
Verisk reports global insured property losses now average $152 bn as frequency perils surge and severe thunderstorms dominate catastrophe risk
New York lawmakers propose $10 mn State Catastrophe Fund Authority
A New York bill proposes a $10 mn Catastrophe Fund Authority to reimburse insurers for disaster losses and stabilize the state’s property market
New York Bill 9218 seeks to limit auto crash damages for certain drivers
New York lawmakers propose limiting auto accident damages for uninsured motorists, intoxicated drivers, and those involved in felonies or hit-and-runs
Illinois House rejects insurance rate control bill opposed by industry
Illinois lawmakers voted down a bill that would have expanded state oversight of insurance rates, data use, and climate risk disclosures for large carriers
North Carolina court rejects insurers’ bid to toss Tanger COVID suit
North Carolina Business Court denied insurers’ motion to dismiss Tanger’s COVID-19 coverage lawsuit, citing state law and the company’s close connection to NC
Fidelis Partnership launches Lloyd’s Syndicate 2126 with $300 mn capacity
Fidelis Partnership and Blackstone launch Lloyd’s Syndicate 2126 with $300 mn capacity, boosting TFP’s underwriting growth and London market presence
Ryan Specialty to acquire Stewart Specialty Risk Underwriting in Canada
Ryan Specialty expands in Canada with the acquisition of Stewart Specialty Risk Underwriting, a managing underwriter for high-hazard property and casualty risks
Pacific Life Re enters Japan with first asset-intensive reinsurance deals
Pacific Life Re completes its first asset-intensive flow reinsurance transactions in Japan, expanding its footprint and deepening ties with local life insurers
Munich Re to close venture arm, shift investments under MEAG unit
Munich Re will close its venture capital arm and move startup investments to asset manager MEAG as it centralizes innovation within core business units
Florida House Bill 261 targets employer-owned life insurance with new rules
Florida lawmakers propose HB 261 to regulate employer-owned life insurance, limit coverage to key staff, and require reporting and public disclosure
New Mexico insurers ordered to update UM/UIM forms after court ruling
New Mexico insurers must update disclosure forms to show per-vehicle uninsured and underinsured motorist coverage costs following a Supreme Court decision
State Farm cuts Florida auto insurance rates again, down 20% total
State Farm trims Florida auto premiums by another 10%, marking a 20% total cut in a year as insurers credit reduced litigation for lower costs
Hurricane Melissa hits Jamaica with 185 mph winds, low insured losses
Hurricane Melissa’s 185 mph winds bring heavy damage to Jamaica and Cuba, with billions in losses expected but low insured coverage across the region
Starr to acquire IQUW Group to expand underwriting reach at Lloyd’s
Starr agrees to acquire IQUW Group, boosting its position at Lloyd’s and expanding underwriting capacity across specialty, property, and motor markets
California’s insurance regulator drafts long-term solvency rule to tackle AI and climate risk
California’s insurance regulator unveils a solvency rule addressing climate risk, cyberthreats, and AI misuse, requiring insurers to plan decades ahead
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities