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 without driveways stung with £2k insurance and parking premium
The driveway divide has been found to be unfairly penalising drivers who do not have access to off-street parking, costing motorists thousands of pounds extra over a decade. This is Money exclusively reveals that over a 10-year period the average…
Buffer ETFs Are Insurance You're Better Off Without
If you want to own Treasuries but are worried that America's unruly deficits or mounting foreign entanglements will push bond prices lower, exchange-traded funds have a product to sell you. It's complicated and expensive, and the longer you own it…
Bermuda re/insurance market's credibility has come far
Packed house: Sir Charles Roxburgh, chairman of Lloyd's of London, left, and Fiona Luck, deputy chairwoman, pictured at the first Abir Risk Forum last week (Photograph by Akil Simmons) Back in 2006, the Bermuda Monetary Authority had just 37 staff…
Why Every Earning Individual Needs Term Insurance
Let's be real about money and the people relying on you. Most of us spend our days grinding at work, trying to pay the bills, stash away some savings, and maybe plan a decent trip. We build these comfortable routines. But what happens if the main…
Insured losses hit $114bn over three quarters, says Aon
4f8116c9-504b-4da2-a548-2af5fa5ffa30 Pechanga Fire Department firefighters monitor the smoky and fast-growing wildfire Springs Fire in Moreno Valley, California earlier this month (Photograph by Terry Pierson/Orange County Register/AP) Global…
Another basement flood for Milwaukee couple sparks insurance anxiety
MILWAUKEE — Eight months ago, basement flooding across Milwaukee left homeowners with tens of thousands of dollars in damage, ruined personal belongings and months of cleanup. Now, heavy rains have struck again, and some residents are…
Insurer wins coverage ruling against convicted basketball coach
A homeowners insurer does not have to defend or indemnify a former high school basketball coach who was convicted last year of sexually abusing his players, a federal judge has ruled. In American Strategic Insurance Corp. v. Jackson, U.S. District…
Florida insurance commissioner gives reforms a 'B' grade, says markets are stabilizing
Florida insurance commissioner gives reforms a 'B' grade, says markets are stabilizing WILL BE THE STATE'S 58TH CHIEF JUSTICE. FLORIDA'S INSURANCE COMMISSIONER SAYS HOME AND AUTO MARKETS HAVE STABILIZED, BUT WORK STILL NEEDS TO BE DONE ON REFORM.
Federal judge sides with Oregon Right to Life in abortion insurance coverage case
A federal judge in Oregon declared that a state law could not require the Keizer-based Oregon Right to Life organization to provide abortion insurance coverage for its employees, handing a seemingly narrow victory to the state's leading…
Q1 insured cat losses 6% above century average: Aon
Global insured losses from natural disasters in the first quarter of 2026 reached approximately $20 billion, 6% above the average for the 21 century. Nearly four-fifths, or 79%, of insured losses were recorded in the U.S. where natural catastrophes…
AI images are now being abused to fake evidence for vehicle insurance fraud
AI-generated car damage is turning into a real insurance fraud issue, with Admiral linking a sharp rise in cases during 2025 to manipulated images and fabricated supporting materials. The problem is no longer limited to suspicious paperwork. Photos…
Mamdani plans to use taxpayer dough to cut down some NYC landlords' insurance costs
Mayor Zohran Mamdani announced Thursday he wants to use taxpayer dough to cut insurance costs for some Big Apple landlords in a move to try to cool tensions with local building owners. City Hall plans to roll out a program for owners of buildings…
Florida insurance commissioner says market rose from 'F' to 'B' as some still face high premiums
TALLAHASSEE, Fla. — Florida's insurance commissioner says the state's property insurance market has improved dramatically from the brink of collapse a few years ago, but many homeowners facing steep premiums may see the picture far…
Mamdani turns to rising insurance costs for NYC affordable and rent-stabilized housing
Mayor Zohran Mamdani and top New York City officials are rolling out a plan to drive down soaring property insurance costs to shore up the finances of some building owners and reduce the demand for higher rents. Average insurance rates for…
Pathway to maritime insurance sovereignty
Amid a fragile ceasefire, the continued Hormuz choke shows trade is constrained less by naval blockades than by insurance withdrawal, as reopening, with Iran's transit tolls and Larak-island security cover, has not persuaded insurers to restore…
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