Steadily launches landlord insurance quoting inside ChatGPT
Steadily introduced a quoting tool available through the ChatGPT platform, allowing landlords to estimate insurance premiums for rental properties without leaving the AI interface
News
Hawaii insurance regulator urges quick claims after severe storms
The Hawaii Department of Commerce and Consumer Affairs and its Hawaii Insurance Division are urging residents to review insurance coverage and report storm damage quickly after recent high winds
Outdated flood maps drive debt in US National Flood Insurance Program
The National Flood Insurance Program provides flood coverage to households and businesses across the United States
Former Louisiana insurance commissioner Jim Donelon joins Middleberg Riddle Group
Jim Donelon joined Middleberg Riddle Group as of counsel, where he will advise insurers, agencies, producers, and other insurance market participants on regulatory issues
Former NBA player Glen Davis released after serving time in insurance fraud case
Former NBA player Glen Davis was released from prison on March 12 after serving 17 months for his role in a fraud scheme involving the NBA Players’ Health and Welfare Benefit Plan
Oklahoma homeowners insurance market faces lawsuits and rate scrutiny
Homeowners insurance pricing in Oklahoma is drawing growing political, legal, and regulatory attention. Premiums in Oklahoma rank among the highest in the United States
California FAIR Plan expands as insurers withdraw from lower-risk neighborhoods
California’s property insurance market shows growing strain as insurers retreat from areas once considered moderate wildfire risk
New York auto insurance reform sparks clash between trial lawyers and Hochul
New York’s auto insurance reform debate is escalating as Governor Kathy Hochul presses for legislation aimed at curbing litigation linked to vehicle accidents
RockRose Risk raised $9 mn to expand wildfire insurance brokerage
RockRose Risk raised $9 mn in funding to expand its brokerage platform focused on wildfire-exposed properties. CEO and founder Andrew Engler confirmed the financing
Police officers arrested in U.S. insurance fraud investigations tied to benefits claims
Two officers from the Los Angeles Police Department were arrested Friday on suspicion of unemployment insurance fraud linked to claims
North American re/insurers post 11% ROE as underwriting and investment income stay strong
North American (re)insurers delivered strong profitability in 2025. According to Fitch Ratings, the sector recorded an operating return on common equity of 11%
Active Re completes global retrocession programme and expands cyber underwriting
Barbados reinsurer Active Re strengthens capital protection and increases AI adoption across underwriting operations
Gulf war-risk insurance withdrawal raises pressure on marine specialists
Fitch Ratings expects the withdrawal of hull war-risk marine insurance in the Persian Gulf to carry negative credit implications for U.S. property and casualty insurers
SageSure secures $200 mn reinsurance sidecar as ILS capital expands
SageSure, a MGU specializing in catastrophe-exposed property insurance, closed its second catastrophe reinsurance sidecar transaction, securing $200 mn in capital through Seawall Re II
Insurance payments platform One Inc appoints fintech veteran Bryan Thompson as CTO
Insurance payments platform One Inc names Bryan Thompson CTO to lead technology strategy, platform development, and enterprise security
U.S. title insurance sector’s operating margin improved to 11.4% in 2025
The U.S. title insurance sector’s operating margin improved to 11.4% in 2025, up from 10.3% in 2024, according to a new Fitch Ratings
Lockton marks one year of crypto insurance premium payments
Independent broker Lockton expands digital-asset premium payments as clients use crypto to fund global insurance programs
MSIG Asia names new leadership as MS&AD reshapes global strategy
MSIG Asia CEO Clemens Philippi takes group strategy role while Norihiro Tanaka prepares to assume chairman position
Iran conflict unlikely to trigger major insurer rating changes, Fitch says
Fitch says global insurers face manageable earnings pressure from Iran conflict unless escalation damages energy infrastructure or prolongs market volatility
DFC–Chubb $20 bn reinsurance plan targets Hormuz shipping risk
U.S. DFC and Chubb launch $20 bn maritime reinsurance framework to support oil and LNG shipping through the Strait of Hormuz
Electric vehicles cut crash frequency but push insurance claim costs higher – GDV
New GDV analysis shows EVs cause fewer accidents yet generate 30–35% higher repair costs, shifting auto insurance loss economics
Hormuz war-risk insurance premiums jump 12x as $20 bn US backstop emerges
War-risk rates in the Strait of Hormuz climb to 3% of hull value as DFC launches $20bn reinsurance plan amid tanker strikes
Fintech IuteBank exits bridge structure and resumes full operations in Ukraine
IuteBank, part of the Estonian-based Iute Group, has completed the transition period following the bridge bank process and will begin operating as a regular bank in the Ukrainian market
Proposed U.S. GENIUS Act would exclude stablecoins from FDIC insurance
Proposed U.S. legislation would exclude stablecoins from FDIC insurance, preserving $250,000 coverage solely for traditional bank deposits
Encord raises €50 mn Series C as physical AI data demand surges
London-based Encord secures €50 mn to scale AI data infrastructure while Europe pours over €3 bn into models, compute and autonomy stacks
Delphyr raises €1.75 mn to scale AI agents for clinicians
Amsterdam startup Delphyr secures €1.75 mn to cut admin load for clinicians as EU funding in AI healthcare automation accelerates
ISAAC antisismica raised €14 mn for seismic damper tech
Italy’s ISAAC antisismica secures €14 mn to scale active mass damper systems protecting existing buildings from earthquakes without structural changes
Seraphim Space fund tops €84 mn target in oversubscribed close
Seraphim Space exceeds €84 mn early-stage fund target, backed by BBB and NSSIF, as European SpaceTech funding momentum continues
ARIA backs CommonAI with €18 mn for UK inference scaling
UK’s ARIA joins CommonAI with €18 mn grant to launch Scaling Inference Lab, boosting compute efficiency and AI infrastructure delivery
Louisiana Farm Bureau Casualty Insurance to demutualize in $46.7 mn deal
Southern Farm Bureau Casualty to acquire Louisiana Farm Bureau Mutual for $46.7m, converting it to stock after surplus erosion and heavy losses
Lloyd’s digital platform Ki posts record 2025 profit as GMP tops $1.11 bn
Lloyd’s digital follow platform Ki reports 50% profit growth to $110.4m in 2025, with improved combined ratios and expanded capacity backing
Gulf hull war rates may jump 50% as marine insurance cover pulled
Marsh and Aon warn marine hull war premiums in the Gulf could rise 25–50% as underwriters cancel policies and reprice transits
Morningstar DBRS warns Gulf conflict may tighten reinsurance
Morningstar DBRS says Iran conflict could push reinsurers to raise attachment points, cut capacity and heighten volatility in marine and aviation lines
NFIP shutdown risk exposes gaps in flood insurance cover access
Federal shutdown froze NFIP policy issuance and renewals, disrupting property deals and highlighting need for private flood alternatives
Delaware court says insurers need not defend Meta
Delaware judge rules insurers owe no duty to defend Meta in social media addiction suits, finding alleged conduct was deliberate, not accidental
Iran strikes disrupt flights as war exclusions hit travel insurance cover
Airlines cancel thousands of flights after U.S.-Israel strikes on Iran, but standard travel insurance often excludes war-related disruptions
California bill targets insurer hurdles for rare disease drugs
California lawmakers advance bipartisan bill to bar prior authorization and step therapy for FDA-approved rare disease treatments
Marine insurers halt Gulf war risk cover as premiums near 1%
Marine insurers cancel war risk policies in the Gulf after tanker strikes push premiums toward 1% of hull value and strand 150 vessels
Canada Life Insurance completes £80 mn Safeway pension buy-in
Canada Life finalises £80m buy-in with Safeway Pension Scheme, securing benefits for 1,800 members as trustees advance de-risking strategy
K2 International launches Lloyd’s-backed PI unit
K2 International forms K2 Professional Indemnity to write non-US liability business via Lloyd’s syndicates, led by market veteran Richard Smart
War insurance risk cover pulled as Hormuz conflict jolts shipping
Marine insurers are cancelling war risk cover for vessels operating in the Middle East Gulf as the United States–Israel–Iran conflict disrupts tanker traffic
NASCAR driver Kyle Busch settles $8.5 mn suit against Pacific Life
NASCAR driver Kyle Busch resolves $8.5 mn lawsuit alleging Pacific Life and agent misled him on indexed universal life projections
Lloyd’s Market Association and KPMG warn insurers to reset underwriting for climate shift
LMA and KPMG say rising temperatures and disorderly transition risks force insurers to rethink physical and transition underwriting strategies
Moody’s: US life insurers post uneven Q4 2025 as rate tailwind fades
Moody’s says US life insurers saw mixed Q4 2025 profits as spreads tightened and claims rose, with steady 2026 outlook and strong PRT demand
S&P sees reinsurance capital steady despite Middle East shock
S&P says reinsurers enter 2026 with strong capital buffers despite expected losses from Middle East conflict across marine, aviation and specialty lines
McKinsey says AI could add $70 bn to insurance revenue
McKinsey outlines how AI, from predictive models to agent systems, is reshaping brokers, MGAs, TPAs and software, with $50 bn–$70 bn revenue upside
Kennedys flags multi-line insurance threat from US-Israel-Iran conflict
Kennedys warns escalating US, Israel and Iran hostilities threaten simultaneous losses across political violence, marine, aviation, energy and trade credit lines
California family accused of staging Porsche crash for $39K in insurance claims
Pasadena trio charged with felony insurance fraud after alleged staged Porsche crash netted $38,932 in claims, say California regulators
Trump weighs tanker insurance plan as oil surges on Iran strikes
Trump reviews options to curb oil spike after Iran strikes, including federal tanker insurance and possible SPR use as Hormuz shipments stall
California auto insurance rates in 2026 jump over 30% since 2023
California drivers face auto premium hikes exceeding 30% in two years, driven by repair costs, heavier vehicles and inflation pressures
Aetna fined $550k in Pennsylvania mental health insurance parity case
Pennsylvania Insurance Department orders Aetna to pay $550,000 penalty and reimburse members with interest after mental health parity violations
Georgia advances insurance reform bills as Kemp signs budget with $2 bn
Georgia House sends insurance cost bills to Senate as Gov. Kemp signs amended budget with $2 bn in tax relief and public worker bonuses
Iowa House backs bill ending prior auth for mental health crisis care
Iowa lawmakers approve measure barring insurers from requiring prior authorization for mental health crisis stabilization service
Texas businesses sue over Historically Underutilized Business program overhaul
Four companies and a trade group challenge Texas comptroller’s emergency rules that narrowed the Historically Underutilized Business program
EEOC sues Mid-Michigan Home Health over race bias
EEOC files Title VII lawsuit alleging Mid-Michigan Home Health denied assignments and fired Black CNA in Michigan due to race
Louisiana Department of Insurance partners with NICB to target litigation funding ads
Louisiana Insurance Department teams with NICB and 4WARN to curb third-party litigation funding ads steering policyholders into costly lawsuits
Zurich to acquire Beazley in £8.1 bn specialty insurance deal
Zurich agrees £8.1 bn takeover of Beazley to expand specialty insurance footprint, creating a $15 bn gross written premium platform
CMS backs catastrophic health insurance plans with high deductibles
CMS proposes expanding multi-year catastrophic plans and HSA use on ACA exchanges, prompting debate over coverage gaps and financial risk
TAL, Workcom and University of Sydney launch digital mental insurance health claims platform
TAL, Workcom and University of Sydney partner on Pathways project to improve mental health income protection claims and recovery outcomes in Australia
Insurtech General Magic raised $7.2 mn to cut insurance quote time
Toronto-based General Magic secures $7.2m seed round to deploy SMS AI agents that reduce insurance quote time from 30 minutes to under 3
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