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
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
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
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
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 Group has confirmed that the U.S. Department of Justice is conducting both criminal and civil investigations into its Medicare Advantage operations
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 Insurance Company of North America has confirmed a data breach impacting most of its 1.4 mn U.S. customers
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’s Supervisory Board has confirmed a leadership transition and new appointments to its Board of Management
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. 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
The April 2025 cyberattacks on Marks & Spencer and Co-op have officially been classified as a single coordinated insurance incident
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
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, one of the most widely cited in the U.S., slightly revised its 2025 Atlantic hurricane season outlook last week—now forecasting 8 hurricanes
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
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
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
Fitch Ratings reports that global credit conditions remain tilted toward downside risk, citing slowing economic growth, volatile U.S. trade policy
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.
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 has increased its third industry loss estimate for extratropical windstorm Éowyn (also referred to as Gilles) to €747mn, up from €696mn in April
The FBI and major cybersecurity firms are warning that Scattered Spider, a well-known hacking group, is now targeting the airline and transportation sectors
The Dubai International Financial Centre (DIFC) recorded its strongest half-year performance to date, led by significant momentum in the insurance and FinTech sectors
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
The tool, Invntry, automatically compiles and estimates the value of items from images, streamlining a traditionally time-consuming process for both insurers and policyholders.
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 has partnered with startup motor insurance broker Pizza in preparation for Pizza’s official rollout later this year
RAC Insurance has formed an exclusive agreement with Ticker, a UK-based telematics insurance provider, to distribute a range of connected motor insurance products
A Manchester-based digital insurance MGA Ripe reported its 17th straight year of double-digit growth, with turnover reaching £20.6mn in 2024
Cuvva, a London-based short-term car insurance provider, reported record growth in 2024. Profit reached £12.8mn—triple the previous year’s result
FCA stated that the recent increase in motor insurance premiums results largely from factors outside insurers’ control
Insurtech financing in Latin America reached $121 mn in H1 2025, a 370% increase compared to the same period in 2024, according to a report by Digital Insurance LATAM
Global credit insurer Atradius announces that Lloyd’s has granted ‘in principle’ approval for the new Atradius Syndicate 1864, targeting 1st January 2026
North American life reinsurance grew significantly in 2024, driven by expanding partnerships between insurers and alternative investment managers
Reinsurer Munich Re reported a preliminary net profit of €2.1 bn for Q2 2025 and a net result of approximately €3.2 bn for H1 2025
The European Commission launched a consultation on draft technical measures under the Solvency II framework, including updates to insurance regulations covering areas
California Democrat Sen. Adam Schiff introduced legislation to establish a federal catastrophic reinsurance program intended to stabilize state property insurance markets and reduce premiums
The California FAIR Plan’s exposure rose 42% to $650 bn during the nine months ending in June, as more insurers declined to renew or offer policies
The Florida Office of Insurance Regulation approved seven companies to assume up to 228,947 multiperil and wind-only personal residential policies from Citizens Property Insurance
Meanwhile Insurance Bitcoin (Bermuda), the life insurer fully denominated in Bitcoin (BTC), announced the completion and public release of audited financial statements
Ethena Labs, an established Ethereum-based synthetic dollar protocol, announced an exclusive collaboration with Re, a blockchain-based reinsurer that allows consumers to stake tokens
Crypto:com, a global crypto exchange platform, has strengthened its security measures by announcing a $120 mn insurance policy to protect its digital assets
Mercurity Fintech Holding, a blockchain-powered fintech group, signed a $200 mn Equity Line of Credit Agreement with Solana Ventures
Trade credit insurer Coface SA announced it received in-principle approval from Lloyd’s to establish a new short-term trade credit syndicate, which will be managed by Apollo Syndicate
Quandri, a Canadian AI startup improving how insurance brokerages and agencies handle servicing work, raised $12 mn in a Series A funding round
Heron, a startup applying AI to automate workflows in business lending, equipment finance, and insurance, raised $16 mn in Series A funding led by Insight Partners
Cargo theft in the United States reached a record level in 2024, with stolen goods and estimated losses exceeding $1 bn for the first time and rising another 27% in 2025
American International Group Inc. appointed John Neal as president, effective Dec. 1. In this role, Neal will oversee AIG’s general insurance organization
Personal insurance litigation in Florida declined nearly 25% in the first half of 2025 compared with the same period in 2024, according to the Florida Office of Insurance Regulation
U.S. insurers absorbed 92% of the estimated $84 bn in global insured weather- or climate-related losses in the first half of 2025, illustrating the increasing impact of so-called non-peak perils
The California Department of Insurance (CDI) issued a cease-and-desist order to Innovative Partners LP, stating the company operated illegally as an insurance provider
Retirable, a startup offering a retirement platform for everyday Americans, announced a $10 mn Series A round led by IA Capital Group
Hourly, a startup providing workers’ compensation, time tracking, and payroll solutions, is merging with small business insurance provider WeSure Digital
Insurtech Coverflow, which provides a platform that automates policy analysis, data entry, and workflow management for insurance brokers, has announced $4.8mn in seed funding
Herald, a provider of digital infrastructure for commercial insurance, has acquired Babbix, an email-native AI agent developed for brokers
New AI-powered method for predicting underwriting performance at Lloyd’s, focusing on relative performance as a benchmark
Insurtech Verisk entered a definitive agreement to acquire SuranceBay, a provider of producer licensin, and compliance software for the life and annuity sector, for $162.5mn
The London market re/insurer MS Amlin calls for an overhaul of pricing and resilience measures as climate risks increase
