Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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…
CVS's Results Add to Positive Momentum for Health-Insurance Industry
beat Wall Street's earnings expectations and upgraded its full-year projections, adding to a string of stronger results from health insurers. The pharmacy and insurance giant reported first-quarter net income of $2.96 billion, or $2.30 a share, up…
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…
Anthropic deepens finance push with 10 new AI agents for banks, insurers
Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing software on Tuesday that can speed up myriad tasks for banks, insurers and other companies. SCROLL TO CONTINUE WITH CONTENT Timed to an event…
CVS blows past estimates, hikes outlook as insurance business outperforms
CVS Health on Wednesday blew past first-quarter earnings and revenue estimates and raised its 2026 guidance, as its once-troubled insurance business showed improvement. All of the health-care giant's business segments, including its insurer Aetna…
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…
SBI Life Insurance MD & CEO Amit Jhingran on FY27 Growth, Product Mix, and GST Impact
'Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies,' said Amit Jhingran, MD & CEO, SBI Life…
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…
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