Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Drivers told they could risk car insurance - even 'by accident
Drivers have been warned to make sure that they have the correct car insurance and to update their policy if any changes occur – no matter how minor – cautioning that many drivers may not realise they have the wrong cover until it's…
Corgi Insurance Raises $160M in Series B Funding
The latest round was led by TCV, and participants included Kindred Ventures, Repeat VC, Alpha Square Group, GSBackers, and others, the company added. The new funding will support expansion of Corgi's startup insurance products, along with…
Watch PB Fintech Sees 30% Growth as India Insurance Expand
PB Fintech Sees 30% Growth as India Insurance Expand PB Fintech expects sustained growth as insurance penetration in India continues to expand. Yashish Dahiya, Chairman and Group CEO of PB Fintech and Founder of PB Health, spoke exclusively on…
Insurance startup Corgi hits $1.3B valuation 4 months after its Series A
Business insurance startup Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion, the startup's co-founder Nico Laqua said on LinkedIn. This comes just four months after the company announced a $108…
Average home insurance claim paid to households hits record £6,340, figures show
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The average claim paid by home insurers to households…
Eight states where home insurance costs could surge with Super El Niño
A developing super El Niño could do more than reshape weather patterns across the U.S. this year; it could also make home insurance more expensive. Forecasters warn the unusually strong climate pattern may fuel heavier rainfall, flooding…
Apollo CEO Rowan warns of market correction, slams 'egregious' practices at rival insurers
Rowan said the economy looks solid on the surface, but put the odds of an exogenous shock at 30% to 35%, citing geopolitical shifts, inflationary pressures and AI-driven disruption. Apollo is moving up in credit quality, reducing exposure to…
Safety Insurance: Q1 Earnings Snapshot
BOSTON (AP) — BOSTON (AP) — Safety Insurance Group Inc. (SAFT) on Wednesday reported a loss of $14.3 million in its first quarter. On a per-share basis, the Boston-based company said it had a loss of 99 cents. Losses, adjusted for…
Korean insurers' overseas profit jumps on Hanwha Life's non-insurance gains
Core insurance earnings fall as existing units lose momentum South Korean insurers' overseas profit jumped nearly 24 percent last year, but the gains came largely from Hanwha Life's expansion into banking and securities, underscoring how…
What Investors Should Know About This Universal Insurance Holdings Insider Sale
Sean P. Downes, Executive Chairman of Universal Insurance Holdings (UVE +1.38%), reported the direct sale of 20,000 common shares for a total consideration of approximately $794,000, according to an SEC Form 4 filing. MetricValueShares sold…
Markel Insurance appoints Raphael Da Costa to lead U.S. cyber and tech E&O portfolio
RICHMOND, Va., May 7, 2026 /CNW/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today the appointment of Raphael Da Costa to lead its U.S. cyber and tech E&O portfolio. In this role, Da Costa will oversee…
Expert shares 9 reasons your car insurance could be invalid
An expert is urging drivers to ensure they have the correct car insurance in place and to update it whenever there are changes. Failure to do so, even if there are minor changes, could result in motorists being unable to claim on their insurance.
71% of U.S. homeowners say their home insurance costs have gone up
Premiums for homeowners insurance are rising fast – and many Americans have noticed, according to a new Pew Research Center survey. Most U.S. homeowners (71%) say the cost of their homeowners insurance has gone up over the last few years…
Caution when using Gen AI to interpret insurance policy language: Attorney
PHILADELPHIA – Attorneys using generative AI for insurance policy interpretation must proceed cautiously, a policyholder attorney said Wednesday at the Risk & Insurance Management Society's Riskworld conference. There have been hundreds of…
This $4 Million NMI Holdings Sale Comes as the Insurer Grows Book Value 15%
On May 6, 2026, Muhlenkamp reported selling 101,570 shares of NMI Holdings (NMIH +1.88%), with an estimated transaction value of $3.93 million based on quarterly average pricing. According to an SEC filing dated May 6, 2026, Muhlenkamp & Co reduced…
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