US homeowners insurance non-renewals surge
NAIC data show homeowners insurance non-renewals rose across every US region as climate losses and premiums pressure property coverage
News
Manitoba and Saskatchewan storms drive insured losses above $840 mn
Insured losses from June 9-10 storms in Manitoba and Saskatchewan have topped $840 mn after tornadoes, hail, flooding and damaging winds
Munich Re Q2 2026 profit rises to €2.2 bn on strong investment result
Munich Re reported a €2.211 bn Q2 2026 net result as low P&C major-loss expenditure and a €3.159 bn investment result supported earnings
US telecom data center links exposed Salt Typhoon risks
House China panel says US telecom links to data centers left carriers exposed to Salt Typhoon and Chinese state-owned infrastructure
INTX Insurance Software launched Tenet intelligence layer for reinsurance
INTX introduces Tenet, an intelligence layer for its reinsurance operating system, linking policy, treaty, claims and financial data
Fairfax Q2 shows Brit pricing pressure and global growth
Fairfax Financial Holdings reported $1.39 bn in net earnings attributable to shareholders for the second quarter of 2026, equal to $63.38 per diluted share
IKEA customers in the UK get flexible home insurance through Urban Jungle
IKEA customers in the UK get flexible home insurance through Urban Jungle, with buildings, contents or combined cover arranged online in minutes
Oklahoma lawmakers study rising home insurance costs
Oklahoma lawmakers will review homeowners insurance costs, weather losses, claims, litigation, reinsurance and building rules during an interim study
Oregon health insurance premiums face 15.5% increase
Oregon regulators cut proposed 2027 health insurance rate hikes, but individual and small-business plans still face sharp premium increases
Illinois Bill 714 targets auto insurance premium hikes
Illinois will require advance notice for auto rate hikes above 10% and give regulators more power over excessive premiums.
Relation Insurance buys Gary McKeighan Insurance in California
Relation Insurance Services acquires Fresno-based Gary McKeighan Insurance, adding farm, ag and business insurance expertise in California
Car insurance fraud drives higher driver premiums
Staged crashes, false injury claims and inflated repair bills raise auto insurance costs and slow legitimate claims for drivers
Louisiana home insurance rates show signs of stabilization
Louisiana homeowners insurance rate increases have slowed to 0.1% in 2026 as more insurers enter the market and competition returns
Florida home insurance rates fall in 51 counties as the hurricane season continues
Florida regulators report lower home insurance rates in 51 counties as litigation reforms, fewer Citizens policies and cheaper reinsurance ease premiums
Europe wildfires test insurers as climate losses rise
France, Spain and Greece face wildfire losses as insurers absorb claims and Europe debates who pays for climate-driven disaster risk
Goldman Sachs and Talcott launch $1 bn reinsurance sidecar
West Grove Re raises about $1 bn as Talcott and Goldman build Bermuda reinsurance capacity for US annuity liabilities
Insurtech Federato launches AI claims system for insurers
Insurtech Federato launched Federato Claims, an end-to-end claims management system built on the same AI-native platform as its underwriting, policy administration
Faye raises $50 mn in Series C for AI travel insurance expansion
Faye raises $50 mn in Series C funding led by Madrona, lifting total funding to $100 mn for AI claims, fintech and global growth
USDA gives farmers 60 more days for crop insurance premiums
USDA extends crop insurance premium deadlines by 60 days and restores prevented planting buy-up coverage after farmer backlash
Gallagher buys Apollo to expand digital insurance in Canada
Gallagher acquires Apollo, a Vancouver digital broker and MGA focused on tenant insurance, as Canadian insurance placement shifts further online
Senate Democrats seek changes to the US health insurance system
Senate Democrats propose ACA subsidies, public option plans, prior authorization limits and tighter rules for PBMs and insurers
Illinois gives regulators power over auto insurance rates
Illinois will review large auto and home insurance rate hikes after Gov. JB Pritzker signed new consumer protection law
US Health Insurance Transparency for Patients Act targets health insurance denial reporting
A new House bill would force health insurers to report denial rates, appeal outcomes, prior authorization rules and decision times
Affordable Care Act subsidy cuts push more former exchange members uninsured
Hospitals say most patients who lost ACA exchange coverage after subsidy cuts now arrive uninsured, adding pressure to margins and elective care revenue
Curant AI raises $3.1 mn in seed funding as insurers seek enterprise AI tools for claims automation
Curant AI raises $3.1 mn in seed funding as insurers seek enterprise AI tools for claims automation, compliance and workflow support
Mapfre buys 38.9% stake in Spanish insurtech Tuio
Mapfre will acquire 38.9% of Tuio as the Spanish insurtech prepares to expand across Europe and Latin America next year
Mapfre USA to acquire Safety Insurance for $1.54 bn
Mapfre USA agrees to buy Safety Insurance for $1.54 bn, expanding its Massachusetts and Northeast P&C position
Insurtech Cover Genius acquires Friendsurance for Europe bancassurance
Cover Genius buys Berlin insurtech Friendsurance to expand embedded protection for banks and insurers across the DACH market
Insurtech Root launches behavior-based car insurance in New Jersey
Root launches mobile-first auto insurance in New Jersey, its 37th state, reaching more than 80% of the US population
Insurtech Hippo reports $10 mn net income and raises 2026 guidance
Hippo Holdings, a technology-native insurance platform, reported net income of $10 mn for the quarter ended June 30, 2026. The result equaled $0.38 per diluted share
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least €1.4 bn
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least €1.4 bn as former and current employees hold 9.4% of Pimco
Axa profit rises despite Europe wildfire and Middle East losses
Axa reported higher first-half profit despite European wildfire claims and a €100 mn hit tied to Middle East war and political violence risks
Steadfast extends exclusivity for Amwins and Dragoneer’s $5.41 bn takeover offer
Steadfast extends exclusivity for Amwins and Dragoneer’s A$7.7 bn takeover offer as due diligence nears completion
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
American Family Mutual Insurance to buy Bowhead in $1.2 bn cash deal
American Family will acquire remaining Bowhead shares for $34.00 each, valuing the specialty insurer at about $1.2 bn
Three Washington wildfires destroy more than 700 homes and businesses near Spokane
Three Washington wildfires destroy more than 700 homes and businesses near Spokane, forcing 60,000 evacuations as insurers prepare claims teams
Green Shield expands home insurance program and launches Compass agent portal
Green Shield expands Guardian Elite Home in California and Colorado and launches Compass, a digital portal for high-value homeowners insurance agents
Chartered Institute of Loss Adjusters urges adjusters to submit fire and flood loss data
As the UK experiences one of its most severe wildfire seasons on record the Chartered Institute of Loss Adjusters (CILA) has called for loss adjusters to submit large loss data
Gradient AI refreshes brand for insurance decision intelligence
Gradient AI updates its brand as its insurance AI platform expands across underwriting, claims and actuarial decision workflows
Cowbell launches OMNI for AI-native specialty insurance
Cowbell launches OMNI, an AI-native decision system for specialty insurance underwriting, claims, cyber services and product development
Delaware Life Insurance case puts insurer governance in focus
Fitch says Delaware Life’s investment reclassification shows governance pressure as U.S. life insurers add private credit and affiliated exposure
AI, IoT reshape corporate risk and insurance tools
RiskScan respondents rank AI, smart devices and IoT as the most influential technologies changing corporate risk management
Cyber and climate risks reshape insurance priorities
Cyber incidents, climate losses and liability pressures reshape corporate insurance risk as organizations face connected threats across value chains
Economic pressure is reshaping the risk environment
RiskScan data shows inflation, economic decline and property insurance costs pushing insurers to reassess pricing, claims severity and capital strategy
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
ChipAgents raises $60 mn as chip AI agents gain traction
ChipAgents adds $60 mn to its Series A, taking the round to $134 mn as Micron, MediaTek and B Capital back its chip design AI agents
EXPAS turns explosion risk evidence into insurance intelligence
EXPAS converts operational safety evidence into measurable explosion risk intelligence for operators, insurers, reinsurers and brokers
Verisk acquires McKenzie Intelligence Services for catastrophe risk analytics
Verisk buys MIS to add real-time geospatial intelligence, catastrophe response data and political violence risk analytics for insurers
Insurtech Lemonade Q2 2026 revenue rises 79.4% to $294.4 mn
Lemonade beat Q2 revenue estimates as net premiums earned reached $252 mn, but softer second-half guidance sent LMND shares lower
Insurtech Ominimo reaches $1.6 bn valuation after Series B
Ominimo raises $22.5 mn from EBRD as the Serbian-Hungarian insurtech grows its premium run-rate 12x and expands across Europe
Health insurance job lock hits 24% of U.S. workers
About 23 mn U.S. workers stay in jobs they want to leave to keep health insurance, as healthcare costs and chronic disease risks shape career choices
Cyclone Harry caused over €1 bn in Sicily losses and exposed NatCat insurance gaps
Cyclone Harry caused over €1 bn in Sicily losses and showed why Italy’s mandatory disaster insurance leaves firms exposed to storm surge risk
Insurtech Klaimee secures $5.5 mn to certify autonomous AI agents
Insurtech Klaimee secures $5.5 mn to certify autonomous AI agents and insure enterprise clients against AI-specific liability risks
Cytora adds InformData people data to insurance workflows
Cytora partners with InformData to bring verified people data into commercial insurance submissions, renewals, claims and risk monitoring
New York expands auto insurance fraud crackdown
New York is widening its campaign against auto insurance fraud after a sharp rise in suspected fraud incidents and rising pressure on vehicle owners
Insurtech Coverwatch raised $4.5 mn in pre-seed to build AI insurance broker
Insurtech Coverwatch raised $4.5 mn in pre-seed funding to expand its AI-native commercial insurance platform for risk review, carrier bids and flat-fee brokerage
New York approved a 22% workers’ comp loss cost cut for October
New York approved a 21.9% workers’ comp loss cost cut for Oct. 1, with projected employer savings above $1 bn
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
Global commercial insurance rates fell by an average of 6% in Q2 2026
Global commercial insurance rates fell 6% in Q2 2026 as property pricing softened and casualty costs rose in the US
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
Mastiffs top the list of the most expensive dog breeds for pet insurance, with annual premiums averaging $2,546, according to Insurify data
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