Annual US auto insurance cost of full-coverage fell 6%
The average annual US auto insurance cost of full-coverage coverage fell 6% in 2025 to $2,144, according to Insurify. US auto insurance rates declined in 39 states
News
Latest Insurance news of insurers and U.S. insurance industry. Explore latest insights, trends and breaking insurance market news from InsuranceNews US
Connecticut wants $1 mn to study a government-backed, privately run health insurance plan
Gov. Ned Lamont wants $1 mn to study a government-backed, privately run health plan he calls the Connecticut Option. He folded the proposal into his revised $27.8 bn budget plan
Maura Healey’s budget trims $100 mn from the Group Insurance Commission
Gov. Maura Healey’s budget trims $100 mn from the Group Insurance Commission, setting off pushback across Massachusetts. The commission oversees health plans
Florida advanced SB 632, trimming liability requirements for rideshare drivers
Florida Senate committee advanced SB 632 on a 6-3 vote, trimming liability requirements for rideshare drivers during the in-between phase of a trip
Illinois DOI resets filing instructions for annual insurance supplier diversity
The Illinois Department of Insurance issued Company Bulletin. It replaces CB 2024-09 and resets filing instructions for annual insurance supplier diversity reports
New legislation aimed at reforming the federal Hurricane Insurance Protection
Representatives Rick W. Allen, Earl L. “Buddy” Carter and Sanford Bishop have introduced bipartisan legislation aimed at reforming the federal Hurricane Insurance Protection
Georgia drivers are expected to save approximately $17.7 mn in 2026
The Office of the Insurance and Safety Fire Commissioner has announced that Georgia drivers are expected to save approximately $17.7 mn in 2026
FEMA released draft versions of updated flood maps
Federal Emergency Management Agency has released draft versions of updated flood maps that could alter flood insurance requirements for homeowners
AIG, Onex and Convex have completed a $7 bn transaction that reshapes insurer ownership
American International Group, Onex Corporation, a Canadian investment management firm, and Convex have completed a $7 bn transaction
OpenAI approved the first AI application from an insurer within ChatGPT
Insurance broker stocks dropped roughly 9% on average this week after news that OpenAI approved the first AI application from an insurance provider within ChatGPT
US property and casualty insurance market to continue softening through 2026
US property and casualty insurance market to continue softening through 2026 as competition intensifies, capital remains plentiful, and pricing pressure builds
US auto insurance costs continue to climb alongside vehicle prices
US auto insurance costs continue to climb alongside vehicle prices, tightening household budgets even as average premiums show short-term volatility.
Gallagher Re recorded a sharp reset in cyber reinsurance pricing
Gallagher Re recorded a sharp reset in cyber reinsurance pricing at the 1 January 2026 renewals, with risk-adjusted rates for aggregate excess of loss protection down 32%
Insurtech Indigo closed a $50 mn Series B funding round
Insurtech Indigo has closed a $50 mn Series B funding round as it accelerates national expansion and deepens its technology stack
Massachusetts ruled that a reinsurer retains the right to claim trust fund reimbursement
A Massachusetts appeals court ruled on January 30 that a reinsurer retains the right to claim trust fund reimbursement even after a self-insured employer enters bankruptcy
Property insurance costs in Louisiana keep grinding higher
Property insurance costs in Louisiana keep grinding higher, and homeowners feel it fast, especially in New Orleans.
New York households spent an estimated $1,935 on personal auto insurance
New York households spent an estimated $1,935 on personal auto insurance, the highest figure ever recorded in the state and the fourth-highest level nationwide
New York State is moving to rein in auto insurance costs
New York State is moving to rein in auto insurance costs, leaning on fraud enforcement and tighter payout rules aimed at drivers who abuse the system
Kansas returned to a policy fight that now carries personal weight
Kansas Insurance Commissioner Vicki Schmidt has returned to a policy fight that now carries personal weight.
LA wildfires turned into an unplanned stress test for how insurers measure wildfire risk
The January 2025 wildfires in Los Angeles turned into an unplanned stress test for how insurers measure wildfire risk
Karen Clark estimated privately insured losses from Winter Storm Fern at $6.7 bn
Karen Clark and Company estimated privately insured losses from Winter Storm Fern at $6.7 bn. The storm spread snow and ice across more than 30 US states
Cyber startup Zepo Intelligence closed a €12.8 mn Seed round
Cybersecurity startup Zepo Intelligence, focused on protecting organizations from AI-driven, human-targeted social engineering attacks, has closed a €12.8 mn Seed round
Auto insurance premiums in California continue to climb
Auto insurance premiums in California continue to climb, placing the state third nationwide for rate increases despite a broader national slowdown in pricing.
Illinois extended the open enrollment deadline for health insurance plans
Illinois extended the open enrollment deadline for health insurance plans, giving residents until Jan. 31 to lock in coverage through Get Covered Illinois
Insurtech WithCoverage closed a $42 mn Series B
Insurtech WithCoverage has closed a $42 mn Series B financing round led by Sequoia Capital and Khosla Ventures
Court declined to hear a challenge to the Boy Scouts of America’s $2.46 bn settlement of sex abuse claims
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
Policyholders at Citizens will receive an average statewide homeowners rate reduction of 8.7%
Policyholders at Citizens Property Insurance Corp. will receive an average statewide homeowners rate reduction of 8.7%
Authorities in Vermont have dismissed sexual assault charges against David McElroy
Authorities in Vermont have dismissed sexual assault charges against David McElroy, a former senior executive at American International Group.
Georgia regulators have issued $25 mn in fines against health insurance companies
Georgia regulators have issued nearly $25 mn in fines against health insurance companies for violating state mental health parity requirements
Allstate filed a $58 mn homeowners rate increase covering close to 300,000 policyholders
Illinois homeowners could see insurance bills climb again after Allstate filed a $58 mn homeowners rate increase covering close to 300,000 policyholders
Winter storm will generate economic losses between $105 bn and $115 bn
Weekend winter storm affecting more than 200 mn people across over 24 states will generate total damage and economic losses between $105 bn and $115 bn
D&O insurance liability delivered its strongest calendar-year loss ratio in more than a decade
Directors & Officers insurance liability delivered its strongest calendar-year loss ratio in more than a decade in 2025, coming in at 50%
Health and safety is the leading risk for directors and officers worldwide
Health and safety is the leading risk for directors and officers worldwide for a second year running, according to the Global D&O Survey
Delaware Court upheld a ruling requiring insurers to pay a $28 mn D&O liability claim
The Delaware Supreme Court upheld a ruling requiring insurers to pay a $28 mn directors and officers liability claim, rejecting the argument that a bump-up exclusion barred coverage
Rising reinsurance M&A activity in 2026
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
US Auto insurers are cutting vehicle insurance rates after a sharp pullback in claims
Auto insurers across the U.S. are cutting vehicle insurance rates after a sharp pullback in claims, a reversal few predicted following years of post-pandemic premium hikes
Kin Insurance launched auto insurance for its home insurance customers in Florida and Texas
Insurtech Kin Insurance has launched auto insurance for its home insurance customers in Florida and Texas
New Mexico lawmakers would require policies covering wildfire insurance losses
New Mexico lawmakers are weighing a bill that would expand property insurance obligations after wildfires. The proposal would require policies covering wildfire insurance losses
Lawmakers are cutting financial ties between insurers and candidates for insurance commissioner
Lawmakers in Mississippi are weighing a bill aimed at cutting financial ties between the insurance industry and candidates for insurance commissioner
Brit renewed its Brit US Hospital Professional Liability Consortium 7882 for 2026
Brit Group Holdings said it has renewed its Brit US Hospital Professional Liability Consortium 7882 for 2026, extending a facility aimed at U.S. hospitals
Kansas Insurance Commissioner is backing P&C insurance bills
Kansas Insurance Commissioner and gubernatorial candidate Vicki Schmidt is backing legislation that would let residents set aside tax-free funds to pay P&C insurance bills
Fears of a sharp enrollment drop in Nevada’s Affordable Care Act marketplace didn’t play out
Fears of a sharp enrollment drop in Nevada’s Affordable Care Act marketplace didn’t play out. State officials said signups held mostly steady, even as premiums rose
Connecticut insurers more health insurance mandates than anywhere else
Connecticut’s reputation follows its lawmakers wherever they go. Rep. Kerry Wood said colleagues across the country raise the same point again and again
New Jersey equires e-bike owners and riders to carry a license and insurance
New Jersey now requires e-bike owners and riders to carry a license, registration, and insurance following a series of deadly crashes that drew statewide attention in 2025
GEICO agreed to pay $900K to settle lawsuits filed by almost 1,500 call-center employees
GEICO agreed to pay more than $900,000 plus administrative costs to settle lawsuits filed by almost 1,500 call-center employees
Private health insurance coverage in the US rises sharply with household income
Private health insurance coverage in the US rises sharply with household income, according to new research from GlobalData, released as Donald Trump submits a healthcare reform
Hawaii homeowners face sharp insurance rate increases
Hawaii homeowners face sharp insurance rate increases as carriers recalibrate pricing around wildfire exposure, hurricane risk, volcanic activity, and rising reinsurance costs
U.S. 8th Circuit Approves Separate Recovery for Loss of Consortium in UIM Insurance
A Missouri spouse can recover loss-of-consortium damages independently of her husband’s underinsured-motorist benefits, the 8th U.S. Circuit Court of Appeals ruled
State Farm CEO Jon Farney is pressing Illinois Gov. JB Pritzker to block legislation
State Farm CEO Jon Farney is pressing Illinois Gov. JB Pritzker to block legislation that would give the state power to judge whether homeowners insurance rates run too high
Health Insurers Face Billions in Losses from 2027 Medicare Advantage Changes
Market stress hit US health insurers head-on after the Trump administration floated a 2027 Medicare Advantage payment update that upended earnings math across the sector