Nevado AI Introduces New Agentic Platform for the Insurance Industry
Nevado AI has formally launched as an AI-native technology company targeting insurance and financial services institutions constrained by legacy infrastructure
Global Catastrophe Insurance Losses Estimated $129 bn
Total insured losses for the year reached an estimated $129 bn, roughly 5% below the average recorded between 2015 and 2024
Oregon Considers New Rules for Home Insurance Rates Amid Wildfire Risks
Oregon lawmakers are debating a proposal intended to ease mounting pressure in the state’s home insurance market by forcing insurers to recognise wildfire prevention work
Lemonade Introduces Self-Driving Car Insurance for Tesla FSD Owners
Lemonade has launched Lemonade Autonomous Car insurance, a product built specifically for self-driving vehicles and initially available to drivers using Tesla Full Self-Driving software
Patra Enhances AI Technology to Automate 85% of Business Policies
Patra, a provider of AI-powered software solutions and technology-enabled insurance outsourcing services, has expanded its Patra AI platform following a series of product upgrades
Staged Auto Crashes on the Rise: Virginia Police Caution Against Insurance Fraud
Virginia State Police says auto insurance fraud tied to staged crashes and fabricated claims is rising fast, as more individuals attempt to extract quick payouts from insurers
Home Insurance Non-Renewals Paused in California Post-Gifford Fire
Insurance Commissioner Ricardo Lara ordered insurers to maintain residential property coverage for more than 147,000 California policyholders following the Gifford Fire
Kansas Recovers $56.7 mn for Consumers Through Insurance Regulation in 2025
The Kansas Department of Insurance recovered $56.7 mn for Kansas residents in 2025, according to Insurance Commissioner Vicki Schmidt. The figure reflects funds returned
Michigan Sets AI Governance Rules for Insurance Companies
Michigan Department of Insurance and Financial Services has issued new guidance outlining expectations for how financial services providers, including insurers, use artificial intelligence
Progressive to Offer $950 mn in Credits for Florida Auto Insurance Customers
Progressive plans to distribute up to $950 mn in credits to Florida personal auto policyholders, pointing to a quiet 2025 hurricane season and the impact of insurance reforms
Federal Insurance Office Closure Gains Support from US Insurers
US insurance commissioners and industry trade groups are backing renewed efforts to dismantle the Federal Insurance Office
Chronic Underinsurance Problem for US Homeowners due to LA Wildfire Damages
US homeowners face chronic underinsurance as LA wildfire losses mount. A year after the Los Angeles wildfires, many survivors still face the same hard math. Insurance payouts fall short of rebuilding costs
Data Discipline: A Crucial Factor for Cyber Insurance Profitability in 2026
CyberCube argues actionable data and tighter operations will shape results for cyber insurers and reinsurers over the next year
Data and Capital: The New Forces Driving Reinsurance 2.0 Capacity Sourcing
Reinsurance is moving into a structurally different phase as capacity sourcing and management change at system level, driven by granular analytics, deeper technology uptake
CrowdStrike Investor Fraud Lawsuit Dismissed by US Judge in 2024 Outage Case
US Federal Judge dismissed a lawsuit brought by shareholders of CrowdStrike, an American cybersecurity company known for its cloud-native platform that protects corporate
EEOC and Tesla Start Mediation to Address Racial Harassment Issues
Tesla agreed to enter mediation with the U.S. Equal Employment Opportunity Commission in an effort to resolve a federal lawsuit accusing the automaker of tolerating severe
Cyber incidents again rank as the leading global business risk heading into 2026
Cyber incidents again rank as the leading global business risk heading into 2026, while artificial intelligence surged into second place, according to the latest Allianz Risk Barometer
Aon released updated findings from its multi-year study of US commercial health claims
Aon released updated findings from its multi-year study of US commercial health claims, expanding on GLP-1 research first published in April 2025
Charles Bassett Appointed as Head of Arizona Insurance and Financial Regulation
Gov. Katie Hobbs appointed Charles Bassett as the next director of the Arizona Department of Insurance and Financial Institutions (DIFI), selecting a veteran public policy attorney to lead the state’s insurance and financial oversight
Changes in Florida Hurricane Fund Retention and Insurance Payouts Explained
House Bill 1349 would require the hurricane fund to set its base retention at $8.5 bn, nearly doubling the $4.5 bn level required under current statute.
Illinois Bill 4373 Tightens Restrictions on Auto Glass Insurance Amid ADAS Growth
Lawmakers in Illinois are considering legislation that would reshape how auto glass claims and repairs operate, updating assignment-of-rights rules, adding new obligations for repair shops
Commercial P&C insurance rates fall into double digits as capacity floods back
Property buyers closed year-end renewals with double-digit cuts as reinsurance eased, catastrophe losses stayed muted, and competition intensified across US and Bermuda markets
U.S. Supreme Court declines to hear challenge to Boy Scouts’ $2.46 bn sex abuse settlement
The U.S. Supreme Court declined to hear a challenge to the Boy Scouts of America’s $2.46 bn settlement of sex abuse claims, shutting down an effort by a group of survivors
How the Florida Hurricane Catastrophe Fund sets its industry-aggregated retention
A bill filed in the Florida House of Representatives would revise how the Florida Hurricane Catastrophe Fund sets its industry-aggregated retention and calculates participating insurers’ retention
Global P&C insurance market hits $2.4 tn as competition widens
Global P&C insurance doubled to $2.4 tn in 20 years. Swiss Re expects premiums to nearly double again by 2040 as reinsurance and competition expand
Louisiana’s homeowner nonrenewal rollback sees limited insurer action
Nearly a year after Louisiana repealed its three-year homeowner protection rule, only one insurer has canceled policies, suggesting market stress runs deeper
Nevada lets insurers drop wildfire cover from home policies in 2026
Nevada will allow home insurers to exclude wildfire losses starting 2026, pushing standalone wildfire policies and raising questions for California and other states
New York Supreme Court dismissed a $410 mn fine-art insurance lawsuit
New York Supreme Court dismissed a $410 mn fine-art insurance lawsuit, finding collectors failed to prove material fire-related damage to high-value paintings
Ohio bill pushes OEM choice in auto insurance repair claims
Ohio HB 636 would require auto insurers to disclose non-OEM parts and give policyholders the option to choose OEM components by paying the difference
NY federal court forces excess insurer to cover Manhattan fire loss
SDNY ruled an excess policy must respond to a Manhattan apartment fire, striking a residential exclusion as illusory and driven by mutual mistake
Allstate seeks Illinois homeowners hikes up to 10.4% after 2025 jump
Allstate filed for new Illinois homeowners rate increases up to 10.4%, adding $47.2 mn in premium as weather losses and repair costs keep climbing.
Tennessee WC Appeals Board backs denial of added treatment, TTD
Tennessee WC Appeals Board upheld denial of further care and temporary disability after a 2022 fall, citing MMI status and lack of expert causation proof
New Jersey charges four over $252,852 travel insurance fraud scheme
NJ prosecutors indicted four people over an alleged travel insurance ring using false IDs and reused medical records, seeking $252,852 and collecting $14,835.
Tariffs slow GDP and premium growth as insurers brace for volatility
Swiss Re sees global GDP growth easing to 2.3% in 2025 and 2.4% in 2026 as US tariffs curb trade, rattle markets, lift US claims costs, and cool premium growth
Artificial intelligence, cyber insurance, and climate risk will shape the insurance market in 2026
Artificial intelligence, cyber insurance, and climate-driven catastrophe risk will shape the insurance market more than any other forces in 2026
Howden agreed to acquire Atlantic Group, a specialist in M&A insurance
Howden agreed to acquire Atlantic Group, a specialist in M&A insurance, as the London-based broker accelerates its US expansion
Cyber reinsurance market entered the renewals with capacity well beyond what buyers needed
The cyber reinsurance market entered the Jan. 1, 2026 renewals with capacity well beyond what buyers needed, levels that would have seemed unrealistic only a few years ago
Warren Buffett officially stepped down as CEO of Berkshire Hathaway
Warren Buffett, an American investor, the “Oracle of Omaha” – business leader, and philanthropist, best known as chairman, officially stepped down as CEO of Berkshire Hathaway
California become the front line in a looming fight over artificial intelligence regulation
California has become the front line in a looming fight over artificial intelligence regulation, and most of the world’s largest AI companies sit right in the blast radius
Kathy Hochul signed New York’s Consumer Litigation Funding Act to slow rising insurance costs
Kathy Hochul has signed New York’s Consumer Litigation Funding Act, a measure supporters say reins in predatory third-party litigation funding and adds safeguards
New changes to US federal crop insurance, cutting administrative friction
Brooke L. Rollins has announced sweeping changes to federal crop insurance, cutting administrative friction, updating long-standing rules, and widening access to risk protection
Calling rising wildfire-driven insurance costs an urgent problem
Calling rising wildfire-driven insurance costs an urgent problem, a new report from Headwaters Economics and the Columbia Climate School lays out options to ease the growing financial strain
Florida federal judge handed a Pembroke Pines insurance broker a nearly 3Y prison term
Florida federal judge handed a Pembroke Pines insurance broker a nearly three-year prison term and ordered millions in restitution after finding he led a scheme
Florida approved 6 insurers to assume slightly more than 124,000 policies from Citizens
Florida Office of Insurance Regulation has approved six insurers to assume slightly more than 124,000 policies from Citizens Property Insurance Corp., extending a depopulation trend
Rising homeowners insurance premiums are becoming a pressure point for Colorado’s market
Rising homeowners insurance premiums are becoming a significant new pressure point for Colorado’s already strained housing market, reshaping affordability calculations
Pennsylvania approved legislation for verifies motorists’ insurance coverage
Pennsylvania House of Representatives has unanimously approved legislation designed to overhaul how the state verifies motorists’ insurance coverage. The bill now heads to the state Senate
New package of legislative proposals from the Oklahoma Insurance Department has drawn sharp criticism
A new package of preliminary legislative proposals from the Oklahoma Insurance Department has drawn sharp criticism for sidestepping soaring homeowners insurance
Reinsurance capital to grow about 9% in 2025, reaching roughly $660 bn
Guy Carpenter expects dedicated reinsurance capital to grow about 9% in 2025, reaching roughly $660bn, according to its January 2026 renewal report
Health insurance premium increases in 2026 for Kentuckians
Enhanced tax credits under the Affordable Care Act expire, setting up steep premium increases in 2026 for Kentuckians who buy coverage
Ohio stopped a corrections officer from seeking added allowances in a workers’ comp case
Ohio appeals court reversed a summary judgment that had stopped a juvenile corrections officer from seeking added allowances in a workers’ compensation case