The Illinois House has voted down a contentious insurance regulation bill that would have expanded the state’s power to review and modify filed rates, mandate longer notice periods for premium hikes, ...

Hurricane Melissa tore into Jamaica with 185 mph winds and sheets of rain, smashing records and leaving behind a trail of economic damage that could stretch into the billions. Yet insured losses are ...

Insured losses from Hurricane Melissa in Jamaica could hit between $2.2 bn and $4.2 bn, according to data from Verisk’s extreme event solutions unit. Melissa slammed into the island on Oct. 28 with ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 32% in ...

London-based insurtech INSTANDA has closed a $20 mn round, a push that lifts total capital raised to more than $85 mn. CommerzVentures led the deal, adding its weight as a specialist investor focused ...

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. Yet, the threat environment is ...

Previsico, the UK-based InsurTech specializing in live flood alerts, has closed its Series A funding round, setting the stage for a major expansion push. Investors included Connecticut Innovations, ...

S&P Global Ratings shifted its outlook on Vienna Insurance Group and its reinsurer VIG RE to positive from stable. The agency kept both entities at A+ for insurer financial strength and issuer credit.

Hannover Life Re of Australasia struck a deal earlier this year to acquire Swiss Re Life & Health Australia’s direct life insurance arm, known as iptiQ. The sale price wasn’t disclosed. For Hannover, ...

Loss reserving is becoming a data problem before it’s an actuarial one. Regulators, rating agencies, and audit committees want faster, more sophisticated reserve estimates, according to insurtech ...

Metropolitan Tower Life Insurance, a MetLife subsidiary, has entered into a $1.8 bn pension risk transfer deal with Eastman Kodak following the company’s decision to terminate its longstanding Kodak ...

The Cayman Islands Monetary Authority cleared 11 new insurance licenses in the third quarter, keeping the island’s reputation as a magnet for captives and international insurers firmly intact.