3+ day, 17+ hour ago   (481+ words) Washington wildfires have produced an estimated $600 mn in insured losses so far, according to figures released by the state Office of the Insurance Commissioner. Residential losses account for roughly $535 mn of the total. The fires caused the most expensive wildfire…...

3+ day, 17+ hour ago   (416+ words) New York regulators have proposed requiring auto insurers to obtain prior approval before implementing any increase in private passenger insurance rates. The New York State Department of Financial Services said the change forms part of auto insurance reforms included in…...

3+ day, 18+ hour ago   (333+ words) Insured losses from non-peak natural catastrophes exceeded $100 bn for the first time in 2025, according to Munich Re. Losses from events such as hailstorms reached $104 bn after several years of growth. Global insured catastrophe losses also exceeded $100 bn for the sixth…...

3+ day, 18+ hour ago   (816+ words) The UK insurance market contributes around £29 bn annually to the economy and supports more than 300,000 skilled jobs, according to a report from the Association of British Insurers. Around two-thirds of those positions are located outside London, giving the sector a…...

3+ day, 18+ hour ago   (553+ words) The Association of British Insurers has published new guidance on cybersecurity measures UK organisations should consider when preparing for cyber incidents. The document draws on industry experience and claims data to identify controls associated with preventing attacks and limiting losses....

3+ day, 18+ hour ago   (719+ words) In 2021, FEMA introduced Risk Rating 2.0, the National Flood Insurance Program still carries about $2.6 bn in annual premium subsidies, according to Neptune Flood Research Group. The remaining discounts are concentrated heavily among long-standing policyholders, non-primary residences and higher-value properties. FEMA introduced…...

3+ day, 18+ hour ago   (651+ words) The US property and casualty insurance industry recorded an estimated net underwriting gain of $31.7 bn in the first half of 2026, according to Verisk and the American Property Casualty Insurance Association. That compares with $11.6 bn in the same period of 2025, when…...

3+ day, 19+ hour ago   (636+ words) Medical service costs paid per workers’ compensation claim in California increased 5% in 2026 after rising 10% in 2024, according to the Workers’ Compensation Insurance Rating Bureau of California. Medical expenses represented 52% of total loss payments in the state’s workers’ compensation system during the…...

3+ day, 18+ hour ago   (662+ words) 50% of consumers worldwide are considering buying life insurance, yet more than 40% leave the process confused or unconvinced, according to the World Life Insurance Report 2027 from the Capgemini Research Institute and LIMRA. The findings point to problems in how insurers explain…...

3+ day, 19+ hour ago   (413+ words) US commercial insurance prices increased 0.5% in the second quarter of 2026, according to WTW’s Commercial Lines Insurance Pricing Survey. The result shows further moderation from a 2.5% increase in the first quarter and 3.8% in the second quarter of 2025. CLIPS compares premiums for commercial…...