California telematics bill could reshape auto insurance pricing
California AB 311 would let auto insurers price optional telematics data, raising safety claims, privacy concerns and Prop. 103 objections
News
California FAIR Plan now insures more new home loans
California FAIR Plan coverage now appears in 5.6% of new California home loans as wildfire risk and insurance availability pressure buyers
Asia-Pacific insurance M&A slows despite India and Malaysia deals
India and Malaysia posted large insurance M&A deals in Q2, though Asia-Pacific activity fell to its lowest level in five quarters
New Jersey e-bike rules add registration and insurance
New Jersey riders now need licenses, registration and insurance for some e-bikes as the state tightens rules after fatal crashes
Aon adds $5 bn capacity to data center insurance program
Aon expands its data center insurance program with $5 bn in capacity as AI, cloud and hyperscale projects raise demand for risk cover
Insurtech Corgi launched an Artist Residency Program for artists, illustrators, writers
Corgi Insurance launches an artist residency at Corgi Cafe, giving San Francisco creators workspace, tools and access to its startup network
Deepfake hiring insurance fraud and shadow AI use are testing cyber and crime policies
Deepfake hiring fraud and shadow AI use are testing cyber and crime policies as insurers reassess insider risk, verification rules and claims wording
Carpe launches AI claims suite for P&C insurers
Carpe Claims combines case management, image forensics, ad monitoring and claims intelligence for U.S. property and casualty carriers
White House builds AI cybersecurity clearinghouse GOLD EAGLE
Gold Eagle will let US agencies and AI firms share vulnerability data, scan open-source software and review advanced models voluntarily
Trump administration prepares new safety rules for robotaxis
NHTSA is preparing behavioural safety standards for autonomous vehicles after robotaxi incidents involving construction zones, school buses and first responders
Xeneta lifts 2026 air freight rate forecast after Middle East shock
Shipper long-term rates to raise 5% to 15% during 2026 after the escalation of conflict in the Middle East changed the rate, demand and supply picture for global cargo markets
Lloyd’s expands multinational insurance access in India
Lloyd’s signs ICICI Lombard as its local partner in India, giving managing agents a route to local policies for selected business lines
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
Insurtech Cover Genius raises $100 mn at $1.9 bn valuation to expand embedded protection
Cover Genius raised $100 mn from Vista Credit Partners to expand embedded protection, AI claims tools and platform capacity across global digital partners
AIoT tech Targa Telematics adds Agentic AI to fleet maintenance
Targa Telematics launches Maintenance Excellence to connect fleet data, automate maintenance workflows and reduce downtime for mobility operators
Insurtech Vertafore launches Velocity AI agent for MGA submission intake
Vertafore’s Velocity AI agent reads submissions, extracts data and helps MGAs move underwriting files into review with less manual work
Insurtech PolicyStreet raises Series C to $26 mn with BlueOrchard
PolicyStreet adds $5 mn from BlueOrchard, taking Series C funding to $26 mn as it expands embedded insurance across Asia
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits, Allianz capacity, telemetry and risk intelligence
American Growth Insurance raises $70 mn to buy U.S. brokerages and rebuild operations with AI agents
American Growth Insurance plans to acquire U.S. brokerages and rebuild operations with AI agents, automation and a human service model
Maryland court limits GEICO wrongful death payout to $30,000
Maryland’s highest court upheld GEICO’s household exclusion, limiting wrongful death claims by four adult children to the state’s $30,000 minimum
Utah home insurance premiums rise as wildfire risk grows
Utah home insurance premiums rose 59% since 2021 as wildfires, high-risk housing growth and insurer pricing draw lawmaker scrutiny
Connecticut expands health insurance coverage mandates
Connecticut will require insurers to cover scalp cooling, athletic prosthetics, PANDAS and PANS care, and expanded infertility treatment
Missouri insurance regulator Angela Nelson warns homeowners after rare flood emergency
Missouri insurance regulator Angela Nelson urges homeowners to review flood risk after July 10 storms caused severe flooding and rescues
Howden Re hires Jay Sogliuzzo to lead North America MET treaty
Howden Re appoints Jay Sogliuzzo to expand North America marine, energy and terror treaty capabilities amid rising geopolitical risk
New York halts large data center projects for one year
New York pauses large data center approvals above 50 MW as AI demand increases pressure on electricity, water use and local communities
Insurtech Weecover targets banks with embedded insurance platform
Weecover expands its insurance distribution platform for banks, using API-first technology to support embedded, digital and omnichannel cover
Lloyd’s List Intelligence launches vessel risk tool for underwriters
Lloyd’s List Intelligence adds Vessel Due Diligence to Seasearcher, giving marine underwriters and vessel vetters one platform for risk checks
Active Re released its 2025 Annual Report and reinforces its disciplined growth strategy
Active Re reported an 88.4% combined ratio, 16.1% ROE and $108 mn in equity, with AM Best affirming its A rating
Multinational cargo insurance programs strengthen supply chain control
Multinational cargo insurance programs give global companies better supply chain visibility, faster claims coordination and stronger loss prevention
Arizona law “Comma Bill” ends grammar dispute over firefighter illness insurance claims
Arizona changed workers’ compensation rules after punctuation disputes blocked firefighter illness claims and limited coverage for cancer treatment
Former NFL wide receiver Alshon Jeffery reaches deal to dismiss insurance fraud charges
Former NFL receiver Alshon Jeffery reached a conditional deal with San Diego prosecutors to dismiss two felony insurance fraud charge
Meta sued over AI-linked layoffs and disability claims
Former Meta workers allege AI-based layoff criteria penalized medical leave, disability and pregnancy. Meta denies AI made workforce decisions
Illinois joins California and New York with Artificial Intelligence Safety Measures Act
Illinois adopted AI safety rules for large model developers, adding risk reports, incident notices, audits and penalties up to $3 mn
Insurance M&A hit $29.6 bn across 191 disclosed deals, while AI began to reshape valuations
Insurance M&A reached $29.6 bn across 191 disclosed deals as AI starts to affect broker valuations, underwriting investment and capital strategy
23andMe breach settlement limits recovery to $18 mn claims and payouts
23andMe’s bankruptcy blocks California damages as 42 states secure an $18 mn settlement and customers receive $46.75 mn over the 2023 genetic data breach
California adopted a new workers’ comp advisory, rate rises 6.6%
California adopts a $1.65 workers’ comp advisory pure premium rate for September 2026, below WCIRB’s requested 10.4% increase
Mile Auto acquires Insurance House to expand pay-per-mile auto insurance
Mile Auto acquires Insurance House, creating a nearly $100 mn premium MGA platform serving 55,000 policyholders and 1,600 agencies
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
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
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits
Contractors who use generative AI on a job may find that their liability coverage does not apply if an AI-related error contributes to a claim. Insurers are rapidly filing exclusion forms for use with the general liability
New US-Canada tariffs raise auto, property, trade credit and business interruption exposures as insurers assess higher repair and supply chain costs