Insurance Industry News

A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bbc.co.uk - Huw Thomas - Admiral UK insurance to cut 500 jobs to save £100m
Admiral UK insurance to cut 500 jobs to save £100m
BBC

Insurer Admiral will cut 500 jobs in the UK to save £100m, it has announced. The proposals are related to Admiral's UK insurance business only, and will affect about 5% of its workforce. 'We recognise this will be a difficult time for…

independent.co.uk - Brendan Rascius - Trump team boots 760,000 from health insurance - and their reasoning is bonkers
Trump team boots 760,000 from health insurance - and their reasoning is bonkers
The Independent

Trump administration officials said they booted thousands of people from their health coverage because they never filed claims and could not be contacted — and the internet had a field day pointing out the problem with the thinking. On…

afaqs.com - afaqs! partner content - How the latest consumer court order could change the way policyholders approach critical illness insurance
How the latest consumer court order could change the way policyholders approach critical illness insurance
afaqs!

Critical illness insurance is meant to pay out at the moment a family can least afford delay, yet a recent consumer forum order shows how often that promise breaks down in practice. The Fatehabad District Consumer Commission in Haryana has directed…

businessinsurance.com - Insured flood losses estimated at $314 million
Insured flood losses estimated at $314 million
Business Insurance

Toronto-based Catastrophe Indices and Quantification Inc. has issued its third industry loss estimate of 442 million Canadian dollars ($314 million) for the June 2026 flooding in Montreal's West Island and surrounding areas, Artemis reported.

businessinsider.com - Sponsor Post - How to figure out how much life insurance you need in your 30s
How to figure out how much life insurance you need in your 30s
Business Insider

Industry research finds that more Americans are buying life insurance. But according to life insurance research organization LIMRA, roughly 2 in 5 adults still don't have enough coverage — or any at all. 'Life insurance is one of the…

cbsnews.com - Angelica  Leicht - What could happen to your family's finances without life insurance?
What could happen to your family's finances without life insurance?
CBS News

Life insurance doesn't always feel like an immediate financial priority, and that's particularly true when you're juggling mortgage payments, groceries, childcare and other everyday expenses. Unlike many household costs, the benefit of paying for…

abc.net.au - Callum Liddelow - Watchdog again blocks sale of RAC WA insurance arm to east-coast giant
Watchdog again blocks sale of RAC WA insurance arm to east-coast giant
Australian Broadcasting Corporation

The competition regulator has again blocked the sale of RAC to the east-coast-based IAG, saying it would reduce competition in WA's insurance markets and increase premiums. The RAC maintains that members would be better off under a national insurer…

royalgazette.com - Jonathan Kent - Report: insurers set to double AI spending over three years
Report: insurers set to double AI spending over three years
The Royal Gazette

6f263cee-830b-4736-af42-e9b718ecaf8b Tech advances: insurers are targeting efficiency and revenue gains from AI (Adobe stock image) Insurers and reinsurers plan to more than double their spending on artificial intelligence over the next three years…

seekingalpha.com - Mary Christine Joy - Banks, insurers, consumer inertia stocks face pressure from Meta's Muse, AI disruption fears (META:NASDAQ)
Banks, insurers, consumer inertia stocks face pressure from Meta's Muse, AI disruption fears (META:NASDAQ)
Seeking Alpha

Banks, insurers, and other related stocks that depend on consumer inertia came under pressure from the early popularity of Meta's (META) Muse, an AI agent that executes multi-step tasks on a user's behalf. Muse is directly marketed at consumers and…

heavy.com - Dave Holcomb - NFL Trade Pitch Sends Commanders 'Terrific Insurance' After Jayden Daniels Injury
NFL Trade Pitch Sends Commanders 'Terrific Insurance' After Jayden Daniels Injury
Heavy

The Washington Commanders are moving forward with Marcus Mariota as their starting quarterback with Jayden Daniels suffering another elbow injury. It remains unclear how long this latest elbow ailment might sideline Daniels. But NFL Network's Ian…

walesonline.co.uk - Sion Barry - Insurance giant Admiral cuts 500 jobs
Insurance giant Admiral cuts 500 jobs
Wales Online

Wales' only FTSE 100 business Admiral has confirmed plans to cut around 500 roles from its UK insurance business. The Cardiff headquartered group has begun a 45-day collective consultation period with impacted staff. The restructuring, which will…

businessinsurance.com - Chubb unit needn't cover insolvent insurer's gap: Colorado court
Chubb unit needn't cover insolvent insurer's gap: Colorado court
Business Insurance

A unit of Chubb is not required to pick up defense and liability costs left behind when one of an industrial manufacturer's other insurers went insolvent, the Colorado Supreme Court ruled Monday. The unanimous decision, A.R. Wilfley & Sons, Inc. v.

hoodline.com - Nolan Peterson - Colorado Health Insurance Premiums Rising 10% in 2027
Colorado Health Insurance Premiums Rising 10% in 2027
Hoodline

Colorado residents who buy their own health insurance are bracing for another round of sticker shock in 2027, with premiums on the individual market set to rise by an average of 10%. That's on top of a punishing 22% increase that hit the same…

thehindubusinessline.com - IRDAI moots major overhaul of insurance distribution norms
IRDAI moots major overhaul of insurance distribution norms
BusinessLine

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a comprehensive framework of reforms covering insurance distribution, its structure, expenses, commissions, market conduct, transparency and leveraging digital…

wsvn.com - Steven Cejas - Insurance rates dropping for thousands of Florida homeowners - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
Insurance rates dropping for thousands of Florida homeowners - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale

TALLAHASSEE, FLA. (WSVN) - Florida Insurance Commissioner Mike Yaworsky has approved rate decreases for four homeowners insurance companies, bringing lower rates to policyholders statewide, including residents in Miami-Dade and Broward counties.

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