Lemonade expands UK home insurance with buildings-only cover
Lemonade has launched a standalone buildings insurance product in the UK, completing its Homeowners offering and signaling further investment in the region
News
Michigan suspends Peak Title over escrow mismanagement and $2.6 mn dispute
Michigan’s Department of Insurance and Financial Services (DIFS) issued emergency suspensions against Peak Title of Michigan Inc. and Peak Title Agency Co
Resolution Life expands in Asia with reinsurance deal and Nippon Life acquisition
Resolution Life signed a flow reinsurance agreement with Taiju Life Insurance Co., part of the Nippon Life group, to support an Australian dollar-denominated
Ireland targets litigation costs in New Insurance Reform Plan
Ireland has released a renewed Action Plan on Insurance Reform, introducing 26 measures — including 10 marked as priorities — intended to reduce premium costs
Florida’s largest personal auto insurers are signaling an average rate reduction of 6.5%
Florida’s five largest personal auto insurers are signaling an average rate reduction of 6.5%, according to the Florida Office of Insurance Regulation
Illinois Insurance Battle: Giannoulias challenges credit-based auto rate models
Insurance industry groups swiftly criticized a new campaign launched by Illinois Secretary of State Alexi Giannoulias that challenges how auto insurers assess risk
U.S. insurance industry adds 7,500 jobs in July amid broader hiring slowdown
While U.S. hiring cooled in July, the insurance sector recorded a gain of 7,500 jobs, reversing a decline from the previous month
UK specialty insurers report improved regulator performance, survey finds
Specialty insurers and regulated firms in the UK market say financial regulators have made notable progress in performance between 2024 and 2025
Mississippi Insurance Commissioner warns of coastal property insurance rate hike by 16%
Mississippi Insurance Commissioner Mike Chaney confirmed that coastal property insurance rates will increase by 16% starting Jan. 1, 2026
Berkshire’s insurance group posted a sharp decline in pretax earnings, falling to $63
Berkshire’s primary insurance group posted a sharp decline in pretax earnings, falling to $63 mn from $279 mn a year earlier
AM Best is maintaining Negative outlook on France’s non-life insurance sector
AM Best is maintaining its Negative outlook on France’s non-life insurance sector, citing limited inflation-adjusted growth, pressure on margins
Chubb completed acquisition of LMG Insurance in Thailand for $321 mn
Chubb has completed its acquisition of LMG Insurance in Thailand for $321 mn, marking a strategic expansion of its operations in Southeast Asia
Maryland weighs transparency in growing use of auto insurance telematics
Telematics-based auto insurance has gained traction in Maryland, though its expansion has raised concerns over transparency and fairness
U.S. Wildfire Insurance Coverage Study Act – how wildfires affect property insurance pricing
The Wildfire Insurance Coverage Study Act aims to identify strategies that reduce financial exposure for homeowners and insurers
PERILS expands severe convective storm loss in Europe, Japan, New Zealand
Reporting will apply to industry losses exceeding €500mn in Europe, ¥100bn in Japan, and NZ$300mn in New Zealand. The scope includes both property and motor insurance lines
Everest Group records $98 mn aviation loss follows a U.K. High Court decision
Everest Group reported a $98mn charge in Q2 tied to aviation losses stemming from the Russia–Ukraine war. The loss follows a U.K. High Court decision
Insurtech COVU acquires Mitchell in push to scale AI-driven insurance in California
Insurtech COVU, an AI-native insurance servicing platform, has acquired Mitchell Insurance Agency, a long-standing, family-owned firm based in Roseville, California
InsurTech Eventual raises $7.5 mn to launch premium lock for real estate insurance
Eventual, a US-based insurtech startup, has raised $7.5mn in seed funding across two rounds to support the rollout of its first product, Premium Lock
HealthTech dacadoo and Microsoft expand partnership to advance AI in digital health
Digital healthtech company dacadoo has deepened its strategic collaboration with Microsoft to deliver scalable, AI-powered health engagement solutions
Insurtech Neutrinos launched AI Agent Library to streamline insurer’s automation
Neutrinos, a digital transformation platform focused on InsurTech, has launched its AI Agent Library to streamline automation across key insurance operations
Artificial Intelligence Underwriting Company raised $15mn in seed round led by NFDG
San Francisco-based InsurTech startup AIUC has raised $15mn in seed round led by NFDG, with participation from Emergence, Terrain
Japan Post Insurance invests $2 bn in reinsurance-focused Global Atlantic vehicle
Japan Post Insurance will invest $2 bn in a new reinsurance-focused vehicle sponsored by Global Atlantic Financial Group, a wholly owned subsidiary of KKR
Oscar Health forecasts $228 mn Q2 2025 net loss amid higher marketplace acuity
Insurtech Oscar Health expects a $228 mn net loss for the second quarter 2025. The revised projection follows a deeper review of claims data showing rising morbidity levels
Reinsurance pricing continued to soften at the July 2025 renewals – Fitch
Reinsurance pricing continued to soften at the June and July 2025 renewals, reinforcing Fitch Ratings’ outlook that increasing capacity and intensified competition
65% of consumers want AI to simplify life insurance process – Survey
iCover Direct announced results from consumer survey revealing a growing consumer demand for AI to streamline and simplify the life insurance experience
Avatar MGA launches with Lloyd’s & FCA approval, backed by Santam and Lloyd’s syndicates
Avatar MGA, a managing general agent specialising in US direct and facultative (D&F) property insurance, has secured approval as a Lloyd’s coverholder and from the UK
Globe Life submits business plan to BMA to establish reinsurance affiliate
Globe Life has submitted a preliminary business plan to the Bermuda Monetary Authority (BMA) to establish a reinsurance affiliate later this year
Canada’s total insured catastrophe losses for 2024 to a record C$9.2 bn
Canadian insurers reported estimated losses of C$1.3 bn from the Jasper wildfire—C$80 mn above initial projections made in January
Marsh USA sues former Florida executives over alleged mass defection to Howden
Marsh USA has filed a lawsuit in U.S. District Court for the Southern District of New York, accusing four former Florida-based executives of orchestrating a large-scale employee
North Carolina adds $20 mn to roofing grant program for insurance policyholders
North Carolina’s Department of Insurance announced a $20 mn funding boost for its Strengthen Your Coastal Roof program, expanding grants for homeowners upgrading
Massachusetts Division of Insurance finalized 2026 premium rates for health insurance plans
The Massachusetts Division of Insurance (DOI) has finalized 2026 premium rates for individual and small group health plans, securing lower-than-requested increases from 6 insurers
Insurer Santam received approval from Lloyd’s to establish Syndicate 1918
South Africa-based Santam has received in-principle approval from Lloyd’s to establish a London-based syndicate, part of its strategy to expand international operations
UK High Court allows COVID-19 business interruption insurance claims on per-premises basis
The UK High Court of Justice ruled that racecourses and affiliated businesses can pursue business interruption (BI) insurance claims on a per-premises basis for COVID-19-related closures
LA Judge allows legal challenge to $1 bn FAIR Plan assessment to proceed
Los Angeles Superior Court judge has ruled that a lawsuit challenging the California Department of Insurance’s approval of a $1 bn assessment on insurers
Judge approves distribution plan for $318 mn asset sale tied to Greg Lindberg fraud case
A federal judge has approved the distribution of funds from the $318 mn sale of Clanwilliam Group, an Irish software company formerly owned by Greg Lindberg
UnitedHealth confirms DOJ investigations into Medicare practices
UnitedHealth Group has confirmed that the U.S. Department of Justice is conducting both criminal and civil investigations into its Medicare Advantage operations
Lawmakers propose review of FEMA mitigation program’s long-term impact
Three members of Congress—two Democrats and one Republican—have introduced a bill directing the Federal Emergency Management Agency (FEMA) to assess the long-term value
Allianz Life confirms data breach affecting majority of U.S. customers
Allianz Life Insurance Company of North America has confirmed a data breach impacting most of its 1.4 mn U.S. customers
California workers’ compensation rates rise as costs climb, Ricardo Lara warns lawmakers
California Insurance Commissioner Ricardo Lara has approved an 8.7% increase in advisory pure premium rates for workers’ compensation policies renewing on or after September 1
Munich Re announces leadership transition and Board of Management changes
Munich Re’s Supervisory Board has confirmed a leadership transition and new appointments to its Board of Management
Munich Re recorded strong H1 2025: net profit raised to €3.2 bn
Munich Re recorded a strong second quarter 2025. The Group’s preliminary net profit of approximately €2.1bn significantly surpassed analysts’ consensus estimate of €1.624bn
U.S. road fatalities dropped by 6.3% in Q1 2025
U.S. traffic deaths dropped to 8,055 in Q1 2025, down from approximately 8,596 during the same period in 2024. This marks a 6.3% decline and continues a 12-quarter downward
£592 mn cyberattack hits Marks & Spencer and Co-op – Insurance Sector on Alert
The April 2025 cyberattacks on Marks & Spencer and Co-op have officially been classified as a single coordinated insurance incident
Funding reductions and layoffs at the NOAA are drawing serious concern across P&C insurance sector
As the U.S. braces for another intense hurricane and wildfire season, a new concern is emerging—not from environmental threats, but from federal budget decisions
Morningstar forecasts mild U.S. economic slowdown through 2026
The U.S. economy is set for a modest deceleration in the second half of 2025, with consumer spending cooling and trade policy uncertainty weighing on growth
Colorado State University’s hurricane team revised 2025 Atlantic hurricane season outlook
Colorado State University’s hurricane team, one of the most widely cited in the U.S., slightly revised its 2025 Atlantic hurricane season outlook last week—now forecasting 8 hurricanes
New York Court dismisses lawsuit against social media over Buffalo Mass Shooting
A New York appellate court ruled that social media companies cannot be sued for their alleged role in the 2022 racially motivated mass shooting at a Buffalo grocery store
Southwest Airlines Flight maneuvers to avoid midair conflict; two crew members injured
Two Southwest Airlines flight attendants sustained injuries on Friday after a sharp in-flight maneuver prompted by traffic alerts forced a sudden altitude change shortly after departure
Cincinnati Specialty seeks ruling on liability in Kansas City Chiefs’ Super Bowl rally shooting case
A federal court in Missouri will now determine whether Cincinnati Specialty Underwriters Insurance Company must provide coverage in connection with the deadly shooting during the Kansas City Chiefs’ Super Bowl rally
Global credit faces downside risks despite insurance market resilience
Fitch Ratings reports that global credit conditions remain tilted toward downside risk, citing slowing economic growth, volatile U.S. trade policy
Catastrophe bond market hits record $6.5 bn in Q1 2025
Aon reports that Q1 2025 saw $6.5bn in new catastrophe bond issuance, setting a first-quarter record and surpassing the previous high by over $2.6bn.
Cayman insurance market adds 21 new international licenses in H1 2025
The Cayman Islands Monetary Authority (CIMA) approved 21 new international insurer licenses in the first half of 2025, reflecting continued growth in the commercial insurance, reinsurance
PERILS raises insurance industry loss estimate for Windstorm Éowyn to €747 mn
PERILS has increased its third industry loss estimate for extratropical windstorm Éowyn (also referred to as Gilles) to €747mn, up from €696mn in April
FBI and cybersecurity firms warn airlines of Scattered Spider attacks
The FBI and major cybersecurity firms are warning that Scattered Spider, a well-known hacking group, is now targeting the airline and transportation sectors
InsurTech & FinTech expansion drive growth of Dubai International Financial Center in 2025
The Dubai International Financial Centre (DIFC) recorded its strongest half-year performance to date, led by significant momentum in the insurance and FinTech sectors
Max Financial confirms data breach at Axis Max Life Insurance following hacker alert
India’s Max Financial Services has confirmed that its insurance arm, Axis Max Life Insurance, experienced unauthorized access to customer data following a tip-off from an anonymous source
Sputnik Digital launches AI Tool ‘Invntry’ to automate home contents valuation for insurers
The tool, Invntry, automatically compiles and estimates the value of items from images, streamlining a traditionally time-consuming process for both insurers and policyholders.
InsurTech Loxa secures £1.69 mn in seed funding to expand product protection platform
London-based InsurTech Loxa has raised £1.69 mn in seed funding to scale its retail-focused product protection platform
Insurance data platform Percayso Inform backs Pizza Insurance ahead of consumer launch
Insurance data platform Percayso Inform has partnered with startup motor insurance broker Pizza in preparation for Pizza’s official rollout later this year
RAC Insurance partners with Ticker to launch connected motor insurance products
RAC Insurance has formed an exclusive agreement with Ticker, a UK-based telematics insurance provider, to distribute a range of connected motor insurance products
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y