KCC estimates $6.7 bn insured losses from Winter Storm Fern
Karen Clark and Company puts privately insured losses from Winter Storm Fern at $6.7 bn, driven mainly by freeze damage and power outages
News
Artificial Labs raises $45 mn Series B to scale insurance tech
Artificial Labs closed a $45 mn Series B led by CommerzVentures to scale digital broking and underwriting technology and expand into the US in 2026.
Aon delivered strong performance and finished 2025 with 9% total revenue growth
Aon delivered another quarter of strong performance and finished 2025 with 9% total revenue growth, 6% organic revenue growth and double-digit free cash flow
Tokio Marine Kiln hires Ben Sitki to strengthen cyber reinsurance team
Tokio Marine Kiln appoints Ben Sitki as underwriter in its Cyber Reinsurance Solutions unit, adding MEA cyber expertise as the platform expands
ILS market targets another record year after $24 bn issuance
Strong investor demand, reinvestment flows, and maturing cat bonds position the ILS market for another high-volume issuance year in 2026
Florida bill targets Citizens Insurance arbitration rules, offers jury trial option
Florida lawmakers weigh changes to Citizens Insurance arbitration, giving policyholders a choice between mandatory arbitration and jury trials amid legal scrutiny
Florida regulators approved new auto insurance rate cuts heading into 2026
Florida regulators approved new auto insurance rate cuts heading into 2026, with USAA’s 7% reduction adding over $125 mn in annual savings
Florida drops insurance fraud case tied to AOB claims against Tower Hill
Criminal fraud charges against a Florida restoration contractor linked to AOB litigation were dismissed, leaving insurers frustrated as civil suits continue
USAA cuts Florida auto insurance rates 7% as pricing stays firm elsewhere
USAA will lower Florida auto rates by 7% in May, bucking national trends as tort reform, loss moderation, and strong earnings reshape pricing
Italian insurance market grows toward €150 bn as non-life stays strong
Italy’s insurance market expanded through 2025, with non-life premiums rising about 8.5% and digital adoption reshaping distribution and risk models
Fitch: APAC reinsurance pricing stays soft in 2025, risks mount into 2026
Fitch says APAC reinsurance pricing will stay soft in 2025 amid rising capacity, but climate risks and competition could pressure margins ahead of 2026
German healthtech Recare raises €37 mn to scale AI platform abroad
Berlin-based Recare secures up to €37 mn led by DNV to expand its AI-driven hospital workflow platform and accelerate international growth
Paris VC Daphni closes €260 mn Blue fund for science-driven startups
Daphni finalises its €260 mn Blue fund to back European science-based startups, as DeepTech capital flows stay strong across 2025–2026
Aon teams up with DataRobot to apply agentic AI in insurance workflows
Aon works with DataRobot to deploy agentic AI across onboarding and servicing, targeting faster processing, oversight-ready automation, and client visibility
GEICO settles overtime lawsuits with call-center staff for $900,000
GEICO agreed to pay over $900,000 to resolve overtime claims from call-center workers, covering unpaid login time and alleged off-the-clock work
US winter storms drive billions in insured losses as risk climbs – Aon
Winter storms across the US continue to generate multi-bn insured losses, exposing homeowners, drivers, and businesses to rising financial risk
Winter storm drives $105-115 bn losses across US economy
AccuWeather estimates massive economic losses from a winter storm affecting 200 mn people, with insured losses reaching into the billions
Health and Safety tops global D&O risk rankings as climate and AI concerns fade
Health and safety is the leading risk for directors and officers worldwide for a second year running, according to the Global D&O Survey
D&O insurance delivers decade-best loss ratio as underwriting cycle turns
D&O liability delivered its strongest calendar-year loss ratio in more than a decade in 2025, coming in at 50%, even after three consecutive years of declining direct written premiums
Brown & Brown says Howden hiring spree cut $23 mn in annual revenue
Brown & Brown CEO says staff departures to Howden US cost $23 mn in revenue, as legal disputes escalate despite strong 2025 results
Delaware court backs D&O insurance coverage, rejects bump-up exclusion defense
Delaware Supreme Court orders insurers to cover a $28 mn D&O settlement, ruling bump-up exclusion does not apply to Harman–Samsung deal
Plum adds embedded travel insurance via insurtech Qover to Max subscription
UK fintech Plum partners with Qover to bundle worldwide travel protection into its Max plan, expanding embedded insurance within its money management app
UnitedHealth profit falls 16% in 2025 as Medicare cuts and cyber costs bite
UnitedHealth Group reports a 16% drop in 2025 profit amid Medicare funding pressure, rising medical costs, and charges tied to the Change Healthcare cyberattack
Fulcrum raises $25 mn led by CRV to scale AI automation across US insurance brokers
Insurance automation startup Fulcrum secures $25 mn led by CRV to expand AI-driven servicing across large US brokerage houses
Rising re/insurance M&A activity in 2026 will open fresh opportunities in the run-off market
Rising reinsurance M&A activity in 2026 is likely to open fresh opportunities in the run-off market, as insurers carve out non-core portfolios before and after transactions
Spain enforces mandatory insurance for electric scooters, fines reach €800
Spain has approved a Royal Decree creating a national registry for electric scooters, enabling compulsory insurance enforcement for over four million PMV owners and setting registration rules through 2027
PERILS sets final Windstorm Éowyn insured loss at EUR 765 mn
PERILS issues its final estimate for Windstorm Éowyn, putting insured property losses across the UK and Ireland at EUR 765 mn after limited loss development
Pace secures $10 mn Series A led by Sequoia to scale agentic AI replacing insurance BPO work
Pace secures $10 mn Series A led by Sequoia to scale agentic AI replacing insurance BPO work across submissions, claims, and policy servicing
Sanctions sideline 79 Russian oil tankers and drive up insurance costs
More than 79 sanctioned tankers involved in transporting Russian oil halted operations in 2025, while freight and vessel insurance costs jumped by 40-50%
Insurtech Kin rolls out auto cover in Florida and Texas to enable bundling
Digital insurer Kin launches auto insurance for Florida and Texas homeowners, offering bundled savings of up to 20% in high-cost markets
Atrium Underwriters expands InsurX tie-up as smart follow GWP tops $100 mn
Atrium Underwriters deepens its InsurX partnership, adding independent smart follow capacity as algorithmic property placements pass $100 mn.
Pacific Life seeks dismissal of Kyle Busch’s $8.5 mn life insurance suit
Pacific Life asks a federal court to throw out NASCAR driver Kyle Busch’s lawsuit over indexed universal life policies, calling the claims unfounded
Willis returns to light aviation insurance after 30-year exit
Willis re-enters the light and recreational aviation market after three decades, driven by the arrival of the London-based Crispin Speers team
Insurers brace for Arctic tension, regime shifts, nuclear risk in 2026
BMI’s Yoel Sano flags Arctic disputes, regime change, and nuclear uncertainty as top political risks insurers face heading into 2026 and beyond
Brit renews US hospital liability consortium 7882 with $10 mn capacity
Brit Group renews its US hospital professional liability Consortium 7882 for 2026, offering $10 mn of Lloyd’s-backed capacity amid tighter market conditions
Kansas bill backs tax-free insurance savings accounts for premiums
Kansas Insurance Commissioner Vicki Schmidt supports legislation creating tax-free insurance savings accounts to help cover property and casualty costs
FCA studies long-term AI effects on UK insurance and retail finance
The FCA launches a forward-looking review on AI in insurance and retail finance, weighing innovation, fraud risks, and regulatory readiness
New Mexico bill mandates flood insurance cover after wildfires for five years
A New Mexico proposal would force insurers covering wildfire damage to include flood and debris coverage for five years after a fire is contained
State Farm challenges Illinois plan to police homeowners insurance rates
State Farm CEO Jon Farney clashes with Gov. JB Pritzker over Illinois legislation letting regulators order rebates on homeowners insurance rates
Mississippi lawmakers weighs ban on insurer donations to commissioner races
Mississippi lawmakers review a bill blocking insurance-regulated donors from backing commissioner candidates, drawing pushback from the sitting commissioner
Acceptance Insurance backs Andrés Pérez de Lara for full 2026 Truck Series
Niece Motorsports confirms Andrés Pérez de Lara for the full 2026 NASCAR Truck Series schedule, with Acceptance Insurance as anchor sponsor
Nevada’s Affordable Care Act enrollment slips 5.5% as subsidies fade, officials stay calm
Nevada Health Link reports stable ACA enrollment despite higher premiums and expired subsidies, with public option plans drawing 10% of signups
Connecticut lawmakers question mandate-heavy health insurance plans as costs climb
Connecticut legislators debate soaring health insurance costs as mandated benefits hit 81, raising premiums for individuals, small employers, and ACA enrollees
Enosis Capital lines up $3 bn debt-for-nature deals with AXA XL cover
Enosis Capital teams up with AXA XL to insure a new $3 bn pipeline of debt-for-nature transactions as private capital steps into a stalled market
Lawmakers grill insurers over CEO pay as patients face rising costs
Bipartisan House members question health insurance CEOs on executive pay levels amid affordability pressures and frequent claim denials
Carlos Correa skips World Baseball Classic over insurance dispute
Astros shortstop Carlos Correa withdraws from Team Puerto Rico after insurers declined coverage, exposing rising risk aversion around WBC participation
Karen Bass says Trump oversteps on LA wildfire rebuild permits
LA Mayor Karen Bass pushes back on Trump’s executive order to speed wildfire rebuilding, saying permit control sits locally and insurers, FEMA need pressure
Medicare Advantage 2027 shock rattles health insurers, wipes $ bn in value
A proposed 0.09% Medicare Advantage payment update for 2027 triggers a sharp selloff in US health insurers, forcing a rethink of margins, benefits, and capital plans
Startup Paraglide raises €4.2 mn to automate accounts receivable with AI
Malmö-based Paraglide secures €4.2 mn Seed funding led by Bessemer and DN Capital to scale AI agents for accounts receivable across Europe
ZOHO VC secures 70% of €10 mn debut fund at first close
ZOHO VC, backed by ZOLLHOF Tech Incubator, reaches €7 mn first close for its debut fund, targeting pre-Seed and Seed tech startups in Europe
Ascension Ventures secures £10 mn to back UK pre-seed founders
Ascension Ventures receives up to £10m from the British Business Bank to expand regional access to pre-seed and seed capital across the UK
Helium Ventures acquires insurtech InsurGrid to scale AI-driven P&C data platform
Helium Ventures acquires InsurGrid, the P&C policy data platform used by 2,500+ agents, accelerating AI-led automation and growth across insurance agencies.
Armilla AI expands standalone AI liability cover to $25 mn limits
Armilla AI increases AI liability limits to $25m with all-risks coverage as insurers add generative AI exclusions across cyber, E&O, and liability policies
Defaqto acquires the Market Pricing Business of Pearson Ham in £11 mn deal
Defaqto strengthens UK insurance data capabilities with a £11m acquisition of Pearson Ham Group’s Market Pricing Business via parent company Fintel
Skyway Underwriters partners with ResiQuant to modernise coastal wind underwriting
Skyway Underwriters deploys ResiQuant’s AI platform to scale building-level coastal wind underwriting across Florida apartment and assisted living markets
Tokio Marine invests $5 mn for minority stake in insurtech Igloo
Tokio Marine acquires a 1.65% stake in Singapore-based insurtech Igloo as it accelerates embedded insurance and digital retail expansion in Southeast Asia
Insurity launches expanded partner program for P&C insurers
Insurity introduces a new partner program to strengthen collaboration with 200+ SI, technology, and services partners across the P&C insurance ecosystem
Vanagon Ventures closed €20 m fund to back Europe’s deep-tech founders
Munich-based Vanagon Ventures raises €20m Fund I to invest at pre-seed and seed stage in AI, quantum, and industrial deep-tech startups
HealthTech Benepass raised $40 mn as employers brace for rising healthcare costs
Benepass secures $40m Series B funding to expand its benefits capital management platform as US healthcare costs are forecast to rise nearly 10% in 2026
Fintech Zocks raises $45 mn Series B to scale AI for financial advisors
San Francisco-based Zocks secures $45 mn in Series B funding to expand its privacy-first AI platform for financial advisors, bringing total funding to $65 m
Over 40% of agentic AI projects will be canceled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
How insurers use AI, parametric models and data to close the global protection gap, support climate finance, and strengthen resilience amid regulatory fragmentation
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability