Insurers paid $22.4 bn on wildfire claims tied to the Los Angeles wildfires
Insurers have paid more than $22.4 bn on wildfire claims tied to the Los Angeles wildfires that erupted on Jan. 7 last year, according to California Department of Insurance
Insurance agents across Louisiana say the state’s battered insurance market is easing back
Insurance agents across Louisiana say the state’s battered insurance market is easing back toward something workable. Homeowners, though, often tell a different story
States are moving to blunt health insurance premium hikes after Congress failed to renew ACA
At least a dozen states are moving to blunt health insurance premium hikes after Congress failed to renew enhanced subsidies under the Affordable Care Act
Neptune Flood struck a strategic partnership with Somers Syndicate 3705
Neptune Flood, a U.S.-based private flood insurance company that uses advanced data analytics and digital platforms to provide flood coverage to homeowners and businesses
Supreme Court of Kentucky sided with Westport Insurance in a high-stakes coverage dispute
Supreme Court of Kentucky has sided with Westport Insurance in a high-stakes coverage dispute tied to a wrongful conviction, holding that occurrence-based law enforcement liability policies
National Association of Insurance Commissioners adopts revised RBC principles
NAIC’s RBC task force approves updated principles guiding risk-based capital use, with debate over how capital rules apply across insurance lines
Michigan court lets stand bar on benefits for undocumented workers
Michigan’s Supreme Court declines review of a ruling denying indemnity benefits to undocumented workers who used false documents to get jobs
States urge court to dismiss Lockheed–Athene pension lawsuit
Iowa and eight other states ask a federal appeals court to toss a lawsuit challenging Lockheed Martin’s $4.9 bn pension transfer to Athene
Arizona court weighs arbitration move in Centene bias lawsuit
An Arizona judge considers whether discrimination claims against Centene must shift from court to arbitration under provider contracts
Illinois court tosses genetic privacy suit against State Farm Life
An Illinois appeals court dismisses a class action accusing State Farm Life of misusing genetic data, siding with limits tied to health insurers
Florida lawmakers revive bill to loosen flood insurance rules
Florida lawmakers reintroduce a bill letting private flood coverage count toward NFIP pricing status, aiming to boost choice without premium shocks
Illinois law forces higher therapy reimbursements, eases access
Illinois passes a law reshaping behavioral health reimbursements, setting payment formulas and cutting insurer rules for 2.5 mn residents
Texas home insurers closed 47% of claims without payment in 2025
Nearly half of Texas homeowners insurance claims closed without payouts in 2025 as deductibles rise, coverage narrows, and costs shift to policyholders
FEMA releases $350 mn to cover the costs of recovery from Hurricanes Helen and Debbie
FEMA will release $350 mn to local governments and electric cooperatives to reimburse disaster response costs from Hurricane Helene and Tropical Storm Debby
Colorado residents are facing steep health insurance premium increases
More than 200,000 Colorado residents are facing steep health insurance premium increases after the U.S. Senate failed to extend enhanced federal subsidies that reduce monthly costs
State Farm cuts Louisiana auto insurance rates for 1 mn drivers in 2026
State Farm will lower auto insurance rates by 5.9% for more than 1 million Louisiana drivers in 2026, even as homeowners face higher premiums
West Virginia court revives injury claim against supervisor
West Virginia’s Intermediate Court of Appeals allowed a worker’s deliberate intent claim against a supervisor to proceed while upholding dismissal for the employer
Adoro Pet Insurance launches across 28 states in U.S. rollout
Insurtech Adoro enters 28 U.S. states with pet insurance products focused on broader coverage, stable premiums, and faster claims decisions
U.S. insurers expand AI use as confidence grows across underwriting
U.S. insurers and brokers expand AI across underwriting, claims, and customer support as tools mature and confidence in accuracy and security rises
US insurers start adding AI exclusions and policy updates
Insurance filings across several US states show carriers beginning to weave in exclusions and policy updates tied to artificial intelligence, reflecting both ISO form changes
D&O liability insurance market in the US continues to experience pressures
The directors and officers (D&O) liability insurance market in the United States continues to experience pressures from new technologies, economic volatility, and geopolitical tensions
US nonstandard auto insurance segment posted a slight profit
The US nonstandard auto insurance segment posted a slight profit in 2025, marking a turnaround after two years of losses
U.S. life insurers looking for higher yields and longer-term returns
U.S. life insurers looking for higher yields and longer-term returns have raised their allocations to private credit and Level III assets
Arizona shuts down RespondersHealth over unlicensed insurance
Arizona regulators issue a cease-and-desist order against RespondersHealth, alleging illegal health insurance sales and unpaid claims under multiple aliases
Insurance faces rising cyber risk from AI Model Context Protocol tech
The insurance sector is staring at a fast-moving cyber threat tied to Model Context Protocol technology, the connective plumbing that lets AI models interact
Cyber insurance claims drop in 2025 as firms harden defences
The cyber insurance market in 2025 is showing two conflicting trends. Large corporates are tougher, with better-prepared systems that cut into the cost of major attacks
Congress extends NFIP to 2026 as pressure mounts on FEMA reform
Congress pushes the NFIP into Jan. 2026, reopening stalled transactions while lawmakers and insurers renew calls to overhaul FEMA’s structure
Florida private insurers overtake Citizens as depopulation accelerates
Citizens drops below private carriers in Florida after shedding 900,000 policies, as competition returns and average rate increases stay under 1%
NYC affordable housing hit by 150% insurance cost surge
Insurance costs for New York rent-stabilized buildings jumped 150% since 2019, squeezing owners as a proposed rent freeze raises new risks
U.S. convective storm losses hit $42 bn in 9M 2025, Moody’s warns
Severe convective storm losses reached $42 bn in 9M 2025 as per-event costs jumped 31%, pushing insurers toward tighter cover and new models
U.S. P&C insurers face inflation shock as loss costs surge
Rising inflation adds $30 bn to U.S. P&C loss costs, forcing insurers to rethink pricing, claims operations, and expense discipline to protect margin
US commercial P&C pricing cools as loss ratios improve worldwide
Global commercial P&C rate increases slowed to 9% in 2024 as loss ratios improved, capacity stabilized, and insurers faced inflation and new risks
Inflation drives P&C claims higher as rate gains lose impact
Swiss Re warns inflation-driven claims severity is eroding P&C profitability despite strong pricing, with ROE gains limited through 2025
Louisiana moves toward uniform insurance discounts for Fortified roofs
Louisiana plans statewide insurance discounts for Fortified roofs as certified projects pass 10,000 and pressure builds to cut soaring home premiums
Rising health premiums hit U.S. workers as ACA debate narrows
ACA premiums climb as Republicans focus on subsidies, while employer health plans covering 165 mn workers face 7% increases and rising out-of-pocket costs
Healthcare costs overtake staffing as top risk for U.S. hospitals
Aon finds healthcare costs now outrank talent retention for U.S. hospitals as PEPY spend jumps 9.2% and pharmacy pressure intensifies
Health insurance now drives U.S. career moves, survey shows
A national survey finds 53% of U.S. workers rank health insurance as the top factor in career decisions, fueling interest in ICHRA-style coverage
Illinois health laws expand coverage rules for insurers in 2026
Illinois rolls out sweeping health insurance laws on Jan. 1, forcing broader drug, screening, and care coverage while tightening hospital disclosure rules
AM Best cuts U.S. health insurance outlook to negative
AM Best shifts the U.S. health insurance sector outlook to negative as medical use, GLP-1 drug costs, and weaker risk pools pressure earnings
NAIC reopens AG 49-A review to tighten life illustration rules
NAIC regulators reopen Actuarial Guideline 49-A, targeting tighter limits on index illustrations and clearer disclosure standards for life insurers
MetLife Q3 profit falls 36% as derivatives losses weigh on results
MetLife posts $818 mn in Q3 profit, down 36% year over year, as derivative losses offset higher investment income and strong Asia sales
New York Life combines asset units into $785bn global platform
New York Life will unite its general account and asset management arms in 2026, forming a $785bn platform spanning public and private markets
Kansas City Life clears class-action consolidation in $45 mn COI case
A Missouri judge approves consolidation of COI class actions against Kansas City Life as part of a $45 mn settlement, with payouts and risks still unfolding
US customer satisfaction in the individual life insurance market looks stable
Customer satisfaction in the individual life insurance market looks stable on the surface this year, but the numbers tell a messier story
Florida bill targets tighter rules for employer-owned life insurance
A new bill in the Florida House of Representatives seeks to tighten and clarify how companies use employer-owned life insurance, setting new consent, disclosure
Modern Life raised $20 mn to scale its AI powered life insurance platform
Modern Life, an AI driven life insurance brokerage trying to reshape how advisors operate, closed a $20mn Series A
ADAS tech reshapes crash handling for insurers and drivers
ADAS tech changed how cars behave on the road, and now it’s changing how insurers, repair shops and drivers handle even the most trivial collisions
State Farm cuts private-passenger auto rates in California by 6.2%
State Farm filed to cut average private-passenger auto rates in California by 6.2%, saying physical damage losses keep drifting downward and claims activity
North Carolina proposed 22% average increase in auto insurance rates
North Carolina Rate Bureau has proposed a 22.6% statewide average increase in personal auto insurance rates for policies effective Oct. 1, according to the state’s insurance regulator
Louisiana reviewing Bill 258, which adds penalty for insurers that raise auto insurance rates
Louisiana lawmakers are reviewing House Bill 258, which adds a financial penalty for insurers that raise auto insurance rates solely because a policyholder turns 65