U.S. District Court upholds CMS calculation of Humana’s rating
A federal court ruled CMS correctly calculated Humana’s 3.5 Star Rating, rejecting the insurer’s challenge over dropped customer-service test calls
News
Beat Capital launches 1889 Specialty MGA for U.S. financial institutions
Beat Capital Partners unveils 1889 Specialty Insurance, a new MGA offering management liability and professional lines for U.S. financial institutions
State Farm to expand into Massachusetts homeowners and auto market by 2027
State Farm is preparing to scale up in Massachusetts, where its market share in personal auto and homeowners sits below 0.29%
Brown & Brown Europe to acquire Pardus Underwriting, expand UK MGA reach
Brown & Brown Europe agrees to acquire Pardus Underwriting, a UK MGA focused on property and commercial insurance, strengthening its London Market presence
Hong Kong names AIA and Prudential Asia as systemically important insurers
HKIA designates AIA and Prudential Asia as domestic systemically important insurers, subjecting them to tighter oversight and annual reviews
Egypt’s SehaTech secures $1.1 mn seed to expand AI-powered health insurance
SehaTech raises $1.1 mn seed round led by Ingressive Capital to scale AI health insurance platform, expand regionally, and improve access to coverage
Carpe Data and Harbor AI team up to speed E&S underwriting with AI insights
Carpe Data and Harbor partner to give E&S insurers faster, cleaner underwriting workflows with AI-driven signals, pricing recommendations, and renewal monitoring
Autonomize AI launched Studio and 100+ Agent Marketplace for healthcare
Autonomize AI unveils AI Studio and 100+ healthcare-native Agents to accelerate workflow automation, governance, and care quality in clinical and operational systems
AI-driven insurer MGT raises $21.6 mn Series B to scale AI-native insurance
AI-driven insurer MGT secures $21.6m in Series B led by Mubadala Capital, funding expansion of E&S operations and next-gen P&C insurance for small businesses
US workplace insurance premiums rebound in Q2 2025 after early slump
Workplace life and disability insurance rose in Q2 2025, though year-to-date sales stayed below 2024 levels, LIMRA data shows
Lemonade proposes near-zero insurance for Tesla Full Self-Driving
Lemonade proposes near-zero insurance for Tesla Full Self-Driving, using direct vehicle integration to cut costs and challenge Tesla’s stalled insurance rollout
NTT DATA acquires Alchemy Technology to expand global insurance modernization
NTT DATA acquires UK-based Alchemy Technology, boosting Guidewire and London Market expertise while expanding digital transformation for insurers worldwide
Liberate secures $50 mn Series B at $300 mn valuation to expand AI insurance automation
Liberate secures $50 mn Series B led by Battery Ventures to scale agentic AI across insurers, boosting sales, slashing costs, and powering 1.3 m automated resolutions monthly
Stand secures $35 mn Series B to expand catastrophe insurance into Florida
Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round
Afori launches AI platform for insurance brokers with €4 mn funding
Afori emerges from stealth with €4mn pre-seed led by General Catalyst, building an AI inbox assistant to cut broker admin overload ahead of its 2025 Germany rollout
AdvantageGo debuts Underwriting Workbench v3.0 to modernise P&C insurance workflows
AdvantageGo launches Underwriting Workbench v3.0, bringing AI insights, dynamic workflows, and collaboration tools to insurers across EMEA and North America
Akur8 launches Rate Repo and Deploy to unify actuarial pricing and deployment
Akur8 expands its actuarial suite with Rate Repo and Deploy, offering insurers faster, compliant pricing workflows from model creation to live deployment
Kalepa partners with AmRisc to scale AI-powered underwriting operations
Kalepa and AmRisc form a strategic partnership to boost underwriting efficiency, accuracy, and speed with AI-driven document and submission processing
Salesloft-Drift OAuth breach exposes SaaS supply chain risk for cyber insurers
The Salesloft-Drift OAuth breach hit 700 firms, exposing SaaS supply chain risks that cyber insurers must now treat as systemic portfolio exposures
ClaimSorted raised $13.3 mn to speed up insurance claims with AI-powered TPA
ClaimSorted secures $13.3m seed round led by Atomico to expand its AI-driven claims management platform, cutting costs and boosting speed for insurers worldwide
EIS expands OneSuite with CoreGentic AI to reshape insurance core systems
EIS launches OneSuite powered by CoreGentic, embedding AI and agentic orchestration into core insurance tech to slash costs, boost agility, and cut IT dependence
Socotra launched AI-driven Agentic Configuration to cut insurance product costs
Socotra debuts Agentic Configuration, an AI-powered tool slashing insurance product timelines, cutting costs by up to 75%, and reducing iteration cycles by 90%
Gradient AI partners with Connexure to unify underwriting and risk automation
Gradient AI joins forces with Connexure to merge predictive analytics and workflow automation, helping carriers and MGUs improve underwriting speed and accuracy
HealthTec Nava Benefits sequred $30 mn Series C funding, led by Thrive Capital
Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams
DXC launches AI SaaS platform to modernize small and mid-sized insurance brokers
DXC unveils Assure Broking Essentials, an AI-powered SaaS platform helping insurance brokers modernize, cut compliance costs, and improve customer service
California health plan automates provider services with Ushur AI Agent
A top California health plan uses Ushur’s AI Agent to automate benefits, claims, and credentialing support, cutting costs and improving provider satisfaction
AXA Partners and bolttech join forces to expand embedded insurance in Europe
AXA Partners teams with bolttech in a long-term deal to deliver embedded insurance across EU, UK, and Switzerland, targeting telcos, banks, retailers, and OEMs
Irys secures $12.5 mn seed to build AI-native insurance infrastructure
Irys raises $12.5mn led by Markd to expand AI-native insurance platform, scale partnerships, and deliver real-time operations across the US and Canada
HOOTL secures $6.5 mn Series A led by 5IR Funds to cut inefficiencies in healthcare insurance
AI-first startup HOOTL secures $6.5mn Series A led by 5IR Funds to cut inefficiencies in healthcare insurance claims with compliance-driven automation
Abacus Global acquires AccuQuote to expand digital insurance and wealth services
Abacus Global buys AccuQuote, merging insurance tech with wealth planning to grow revenue, extend digital reach, and serve millions of clients across the US
Tesla Insurance eyes Florida – real-time pricing, employee rates, and a 12-state footprint
Tesla filed an updated Florida auto program effective Dec 2025, runs Safety Score 2.2 with up to ±50% monthly premium swings, and operates across 12 states with in-house insurers
Reinsurance market holds steady with $650 bn capital as rates soften
Marsh McLennan reports reinsurance resilience despite losses and volatility, with $650bn capital projected for 2025 and rate declines across global markets
Insured NatCat losses for 9M 2025 exceeded $105 bn – Gallagher Re
Gallagher Re Q3 report shows insured cat losses at $105bn YTD, below average but still sixth straight year over $100bn; warns volatility and unmodeled risks ahead
Xceedance secures Portage investment, lifts funding to $100 mn for AI insurance push
Portage takes minority stake in Xceedance, boosting total funding to $100mn as the insurtech expands AI-enabled solutions and pursues strategic acquisitions
Fairfax to sell €813 mn Eurolife life stake to Eurobank, keep P&C focus
Fairfax signs term sheet to sell 80% of Eurolife’s life business to Eurobank for €813mn, while retaining P&C stake and acquiring 45% of ERB Asfalistiki
Kansas City Life Insurance $45 mn COI fee settlement consolidates three class actions
A Missouri judge approved consolidation of class suits in Kansas City Life’s $45 mn settlement over alleged overcharges on cost-of-insurance fees
California advances first public wildfire catastrophe model under SB 429
SB 429 would create a state-run wildfire catastrophe model, pooling risk data to guide insurance rates, mitigation strategies, and public oversight
Texas proposes binding appraisal process for auto & property insurance disputes
Texas proposes appraisal provisions for auto and property policies, with binding awards, strict timelines, and public comments open until Oct. 6.
Consumer Watchdog files Prop 103 defense measure with sweeping Policyholder Bill of Rights
Consumer Watchdog files California ballot measure to reinforce Prop 103, mandate wildfire coverage, restrict insurer exits, and create a Policyholder Bill of Rights
Maryland clarifies claims-history disclosure rules for commercial insurers
Maryland Insurance Administration says claims-history disclosure rules apply to commercial policies, not just personal auto or home
Invision Cyber launches U.S. cyber insurance with $10 mn limits, backed by Lloyd’s
Invision Cyber launches U.S. cyber insurance with $10mn limits, backed by Lloyd’s syndicates, using Trend Micro’s telemetry to link risk directly to premiums
Federal court dismissed GE retirees’ lawsuit over $1.7 bn pension transfer to Athene
Federal court dismissed GE retirees’ lawsuit over $1.7 bn pension transfer to Athene, ruling no proven financial harm. More PRT deals still face challenges
Insurers sue eMaxx over captive losses, seek $10 mn relief
Coaction and affiliates accuse eMaxx of breach and gross negligence in a PC3 captive deal, claim $10 mn losses, blocked trust access, and demand records
Icen Risk enters U.S. M&A insurance market with $50 mn Zurich-backed capacity
Icen Risk expands into the U.S. M&A market with $50mn Zurich capacity, offering tax and warranty cover to private equity, funds, and corporates
Australia’s cyclone pool reports $1.12 bn in claims, 3.2 mn buildings covered
Australia’s cyclone pool logged $1.12bn in claims in June 2025 quarter, covering 3.2mn buildings and $644mn in annual premiums across home, strata and SME
Amwins buys Applied Risk Capital to expand into leveraged finance credit cover
Amwins acquires Applied Risk Capital, adding credit insurance for leveraged finance lenders, banks, and funds to its growing MGA portfolio
Massachusetts rejects bid to block ACA marketplace rules challenged by 20 states
A federal court dismissed a preliminary injunction against new ACA rules on enrollment, premiums, and essential benefits, despite a multistate lawsuit
California FAIR Plan seeks 35.8% rate hike on dwelling fire and allied lines
California’s FAIR Plan filed for a 35.8% rate hike, with fire up 29.3% and allied lines surging 349.7%, citing wildfire risk and reinsurance costs
Symetra Life Insurance closes Dearborn life & disability reinsurance deal, $1.1 bn portfolio
Symetra Life acquires Dearborn’s life and disability business via reinsurance, adding 2.5mn lives and a $1.1bn premium portfolio
State Farm to add wildfire fee on California policies after $1 bn FAIR Plan hit
State Farm policyholders in California face temporary fees as the insurer recoups part of its share of the $1bn FAIR Plan wildfire assessment
Judge dismisses AT&T retirees’ lawsuit over $8 bn pension deal with Athene
A federal judge tossed retirees’ lawsuit against AT&T, upholding Athene’s $8bn pension risk transfer and rejecting fiduciary breach claims
Michigan lawmakers boost insurance regulator budget after $5.2 mn cut threat
Michigan’s 2025-2026 budget raises insurance regulator funding to $79.4mn, reversing earlier House plans to slash $5.2mn from the department
Bishop Street Underwriters acquires UK’s Avid Insurance in RedBird-backed expansion
Bishop Street Underwriters buys Avid Insurance, strengthening its UK presence with new specialty lines and data-driven underwriting expertise
U.S. P&C insurance sector looks set to grow faster than the wider economy in 2025
The U.S. property and casualty insurance sector looks set to grow faster than the wider economy in 2025, with underwriting profit projected for the second year in a row
SiriusPoint sells 49% Arcadian Risk stake to Lee Equity for $139 mn
SiriusPoint offloads its Arcadian Risk Capital stake to Lee Equity for $139mn but extends capacity deal through 2031 to keep backing the MGA
Australia’s insurance losses from natural disasters drop 25% in 2025
Insurance losses from Australian natural disasters fell to $1.97bn in 2025, ICA reports, but resilience gaps leave communities and governments at growing risk
FurtherAI raises $25 mn Series A from a16z to automate insurance workflows
FurtherAI secures $25mn led by Andreessen Horowitz to expand AI-driven insurance workflows, scaling automation for carriers, brokers, and claims teams
10 global banks explore joint stablecoin pegged to G7 currencies
Bank of America, Goldman Sachs, UBS, Deutsche Bank and others team up to test a G7-currency stablecoin, aiming to merge blockchain with traditional finance
Bitcoin life insurer Meanwhile secures $82 mn to expand BTC savings and annuities
Meanwhile, a Bermuda-regulated bitcoin life insurer, raised $82mn led by Bain Capital Crypto and Haun Ventures to expand BTC life insurance and savings products
J.P. Morgan warns of deeper reinsurance price cuts for Jan 2026 renewals
J.P. Morgan expects sharp reinsurance price drops at Jan 2026 renewals despite strong Q3 2025 results, citing structural weakness in the sector
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035