New Jersey charges 63 in $8 mn luxury car insurance theft case
New Jersey prosecutors charged 63 people over an alleged $8mn auto theft network shipping stolen luxury vehicles to Ghana and Nigeria
News
Hub International targets $3 bn IPO amid U.S. listing surge
Hub International seeks about $3 bn through an IPO, joining a growing group of private equity-backed companies pursuing U.S. listings
Nord Stream insurers avoid €580 mn claim under war exclusion
A London court ruled Nord Stream pipeline damage resulted from the war in Ukraine, removing a €580mn insurance claim against Lloyd’s and Arch
Iran mandates insurance for vessels transiting Strait of Hormuz
Iran has introduced mandatory insurance requirements for all vessels transiting the Strait of Hormuz, a move that maritime industry observers see as the first step
London marine insurers discuss replacing cancellation notices after wartime cover changes
London marine insurers discuss replacing cancellation notices after wartime cover changes in the Gulf triggered political backlash and disrupted shipping
FINN becomes unicorn after €100 mn Series D funding round
German car subscription platform FINN raised nearly €100 mn in Series D funding, surpassed a €1 bn valuation and secured additional debt financing
DFC and MIGA launch political risk insurance for Ukraine fund
DFC and MIGA agreed to create a political risk insurance framework supporting private investment through the U.S.-Ukraine Reconstruction Investment Fund
Florida approves Citizens commercial insurance clearinghouse
Florida approved a new clearinghouse to move Citizens commercial policies into the surplus lines market and expand private insurance participation
Lemonade launches Tesla FSD car insurance in Colorado
Lemonade expanded its Autonomous Car insurance to Colorado, offering Tesla drivers 50% off miles driven with Full Self-Driving Supervised
Farmers Insurance faces a California class-action lawsuit over rejected tracking cookies
Farmers Insurance faces a California class-action lawsuit alleging it placed third-party cookies after users rejected tracking on its website
ACCC clears Zurich’s £8.1 bn acquisition of Lloyd’s underwriter Beazley
Australia’s ACCC approved Zurich’s £8.1 bn acquisition of Beazley, saying the deal is unlikely to reduce competition in insurance markets
Life insurance settlement payouts reached $627 mn in 2025
LISA members paid consumers $626.6 mn in 2025, with life settlements delivering nearly nine times policy surrender values
North Carolina bans third-party litigation funding in civil cases
North Carolina became the first US state to ban third-party litigation funding in civil suits, targeting lawsuit costs and insurance pressures
Startup Unloq raises £900k to build AI decision intelligence platform
Birmingham AI startup Unloq secured £900k to expand its decision intelligence platform, grow engineering capacity and scale enterprise adoption
FCA censures CACEIS UK as bank agrees £31.7 mn WealthTek payment
CACEIS UK will pay £31.7 mn to WealthTek clients after the FCA found failures in controls over client assets and financial crime risks
New York City advances affordable housing insurance program
New York City selected Pinnacle Actuarial Resources and opened a private-sector RFEI for a city-backed affordable housing insurance program
Allianz warns Iran war could drive major marine insurance claims
Allianz said insurers face major marine claims after ships were damaged during the Iran war, with $125 bn in vessels and cargo trapped in the Persian Gulf
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
FEMA funds Mid-Atlantic hazard mitigation projects
FEMA opened FY 2026 hazard mitigation funding for projects in Delaware, Maryland, Pennsylvania, Virginia and West Virginia
FEMA opens $1.5 bn in preparedness grants for security risks
FEMA made more than $1.5 bn available across seven FY 2026 preparedness grant programmes for terrorism prevention, infrastructure security and resilience
Insurtech Honeycomb expands landlord and condo insurance into Nevada and Oregon
Honeycomb Insurance started writing policies in Nevada and Oregon, giving agents digital access to landlord, condo association and excess liability coverage
Tesla sued after fatal Model 3 crash into Texas home
Tesla faces a Texas lawsuit after a Model 3 crashed into a Katy home, killing Martha Avila, with claims tied to driver-assistance software
NAIC says Oracle PeopleSoft breach did not expose personal data
NAIC said a PeopleSoft zero-day attack exposed limited data, while investigators found no evidence of stolen personal or payment information
Festina Finance raises €25 mn to expand life insurance and pension technology across Europe
Festina Finance secured more than €25 mn from Birchway Capital to expand its cloud-native pension and life insurance platform across Europe
Tsuga raises $35 mn Series A to expand AI observability platform
Paris-based Tsuga secured $35 mn in Series A funding to scale its AI-native observability platform and expand enterprise cloud deployments
Fintech equipal secures £16.3 mn to expand UK equipment finance platform
UK FinTech equipal raised £16.25 mn from Altum Capital to expand SME equipment finance, grow its team and scale embedded lending
UK commits £90 mn to first-time VC managers through new microfund programme
The British Business Bank will invest up to £90 mn in 10 first-time venture capital funds to expand early-stage financing across the UK
Fintech Warren raises €10 mn for Belgian workplace pensions
Ghent FinTech Warren raises €10 mn to expand workplace pension services in Belgium before entering European markets
SuperPlane raises $2.6 mn for AI engineering workflow control
SuperPlane raises $2.6 mn pre-seed funding for open-source AI workflow software, bringing controlled automation to production engineering teams
Insurtech Braven raises $4.6 mn in seed for re/insurance infrastructure growth
Braven raises $4.6 mn seed funding and opens a London office to expand delegated authority and specialty insurance infrastructure
Asia-Pacific cyber insurance faces 135,000 ransomware attacks
INTERPOL’s cyber threat report shows Asia-Pacific insurers face ransomware, scams, DDoS, deepfakes, and widening coverage gaps
Hong Kong’s SFC seeks $150 mn Target Insurance share buyout order
Hong Kong’s SFC seeks a share buyout order against former Target Insurance chairman Ng Yu over alleged fiduciary breaches and fund losses
Canada life insurers use AI to close 42% insurance coverage gap
Manulife and PolicyMe expand AI underwriting as 42% of Canadians lack life insurance or remain unsure about their coverage
Alberta homeowners insurance premiums rise 392% in 20 years
Alberta homeowners insurance premiums rose 391.6% from 2005 to 2025 as hailstorms, wildfires, floods, and rebuilding costs increased claims
Insurance AI hiring rises 32% despite workforce cuts
Insurers hired 32% more AI specialists last year as overall headcount fell 2.2%, according to Evident’s latest sector index
Digital insurance platform market to reach $432 bn by 2035
Digital insurance platform market is forecast to grow from $173.3 bn in 2026 to $432.2 bn by 2035 at a 10.7% CAGR
Oklahoma insurance commissioner race heads to runoff
Bob Sullivan and Marty Quinn advance to Oklahoma’s Republican insurance commissioner runoff as rising premiums dominate the campaign
Hormuz war risk insurance costs rise 4,000 times
Ships crossing the Strait of Hormuz face war risk insurance costs 4,000 times higher as mines, missiles, and attack boats threaten transit
Emirates adds $25,000 conflict cover to travel insurance
Emirates launches travel insurance with $25,000 conflict medical cover, hotel stays, rebooking support, and disruption protection
South Korea fines Coupang $409 mn after regulators found weak data controls
South Korea fines Coupang $409 mn after regulators found weak data controls, improper access, and non-consensual data collection
California insurance race narrows to Jane Kim and Ben Allen
Jane Kim and Ben Allen advance in California insurance commissioner race as homeowners insurance reform dominates the 2026 campaign
Georgia judge impeachment targets court handling insurance cases
Two Georgia Republicans seek impeachment of Judge Eleanor Ross after misconduct findings involving chambers conduct and investigators
Florida property tax plan risks $175 bn debt market
S&P warns Florida local governments face credit pressure if voters approve a property tax plan affecting more than half of homes
Coastal flood risk now 12 times higher, study finds
New research finds extreme coastal floods are now 12 times more likely as human-driven climate change pushes sea levels higher worldwide
Ex-Texas police chief loses $14,400 insurance fraud appeal
Federal appeals court affirms fraud conviction of former Texas police chief over burned vehicle, false theft report, and insurance payout
Home insurtech Hippo places $777 mn reinsurance program for 2026
Hippo renews its 2026 reinsurance program with $513 mn first-event catastrophe protection and $777 mn aggregate coverage
Aryon Security raises $29 mn in Series A funding for cloud enforcement
Aryon Security raises $29 mn Series A to expand its cloud security enforcement platform for preventing misconfigurations before production
Cyera raises $600 mn at $12 bn AI security valuation
Cyera raises $600 mn to expand its AI security platform for data governance, DSPM, DLP, identity, privacy, and agentic risk control
Jeff Bezos-backed Prometheus raises $12 bn in a Series B to build physical AI software
Jeff Bezos-backed Prometheus raises $12 bn to build physical AI software for engineering, manufacturing, prototyping, and industrial design
Polish fintech Paymove raises €2.12 mn for AI agent payments
Polish fintech Paymove raises €2.12 mn to expand QR payments, agentic AI payment infrastructure, and Western European market growth
FinTech unicorn Satispay plans €120 mn raise after €116 mn ARR
Milan-based FinTech unicorn Satispay plans to raise up to €120 mn to accelerate its growth strategy and expand into a broader financial platform
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots for logistics, retail, manufacturing, and warehouse automation
Helsinki startup Rotomate raises €2.1 mn in pre-seed for industrial AI maintenance
Helsinki startup Rotomate raises €2.1 mn to expand AI maintenance software for industrial plants across Finland, Sweden, Germany, Netherlands, and Poland
Decentralized protocol Morpho raises $175 mn as DeFi lending demand grows
Morpho secures $175 mn from Paradigm, a16z, Ribbit, Apollo, Circle, and VanEck as DeFi lending infrastructure expands
AI startup Poetic raises $50 mn Series A at $500 mn valuation
Poetic raises $50 mn from Kleiner Perkins, Founders Fund, First Harmonic, and OpenAI to scale enterprise AI workflows
ING and bolttech launch embedded insurance in European markets
ING partners with bolttech to launch embedded insurance across the Netherlands, Italy, Poland, and Belgium through digital banking journeys
Insurtech Sixfold launches AI Underwriter after $30 mn funding
Sixfold launches AI Underwriter to support submission analysis, risk assessment, portfolio context, and insurer decision workflows
New Zealand’s Natural Hazards Commission secures record $7.2 bn reinsurance cover
New Zealand’s NHC secures NZ$12.3 bn of reinsurance protection for 2026, including catastrophe bond cover through Totara Re
S&P warns private markets link Europe’s insurers and financial firms
S&P says European private markets now create closer ties between banks, insurers, and asset managers, with private funds managing $2.3 tn
Fifteen days of percentage-only rankings replace wallet-size advantages with a pure skill metric. A live-streamed final strips capital gaps out of the equation entirely
Bitcoin ETFs simplify the process. This structure enables you to access your exposure within an asset via an already harmonized structure within the regulations concerning settlement and risk management
Private equity’s grip on US insurers deepens risk concerns as assets shift into opaque credit, offshore deals and affiliated investments
Fitch survey shows European insurers turning to private credit for illiquidity premiums, diversification, and ESG goals, as market grows to $2.7tn by 2029