Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Europe's wildfire season exposes climate insurance gap
Domestic insurers are expected to absorb most of the losses from Europe's worst wildfire season in recent history, but the blazes are also raising a bigger question: Who will pay as climate-driven disasters become more frequent and destructive?
Senate Dems Post Memo On Reforms To Make Health Insurance More Affordable
On behalf of Senate Democrats, Sen. Ron Wyden (D-OR) issued a request for information, which provides an outline of proposed changes to health insurance that could shape the Democrats' healthcare reform agenda. (Photo by Andrew Harnik/Getty Images)…
Ed Sheeran convicted for failing to insure Aston Martin
Ed Sheeran has been convicted and fined for failing to insure his classic Aston Martin while it was being restored and converted to an electric car. The singer-songwriter sent the the silver 1966 model for an overhaul in 2021, but in December 2025…
Birth rebound boosts outlook for prenatal insurance market
Korea's rebound in births is reviving interest in the market for prenatal insurance, prompting insurers to broaden coverage and introduce new policy riders as they compete to lock in young families as long-term customers, according to industry…
Niagara Region Flooding: Insurance Bureau of Canada provides insurance guidance
Helpline and resources available to help residents with claims and recovery TORONTO, Aug. 4, 2026 /CNW/ -- Following recent flooding across the Niagara region early last week and over the August long weekend, Insurance Bureau of Canada (IBC) is…
Vermont turns to the free market to lower health insurance costs
Those who believe government can provide health insurance better than the free market need to look at Vermont. For years, Vermont has geared its health-care policy toward creating a single-payer system. Perhaps that's not a surprise given that the…
Chinese insurers' premiums edge higher
China's insurance industry recorded a 3% year-on-year rise in premium income to 3.9 trillion Chinese yuan ($568.5 billion) in the first half of 2026, according to the Insurance Association of China, China Daily reports, citing Xinhua. Property…
Barrenjoey hunts partner for Clearlake Insurance Brokers
Sydney businessman Jim Angelis made a fortune when he sold mortgage broker Coverforce to ASX-listed Steadfast for $411.5 million five years ago. Now, it's his son's turn to test his luck on the M&A circuit. Clearlake Insurance Brokers, a business…
Indian Life Insurance: Premature Policy Exits Overtake Maturity Payouts
New data reveals that premature surrenders and withdrawals of life insurance policies in India have now surpassed maturity payouts, highlighting a significant shift in policyholder behaviour and raising concerns about long-term financial planning…
Porch Group: A Unique Insurance Play Through Reciprocal (NASDAQ:PRCH)
Porch Group offers software and services to its network of homeowners, which gives it early access to homebuyers and property data. This positions PRCH very close to homeowners themselves, which I consider one of its main competitive advantages.
Dave Ramsey calls whole life insurance agents 'crooks' pushing fear of economic collapse for 20x commissions
When Chris called The Ramsey Show to share that he'd been pitched whole life insurance as a hedge against an economic collapse, he wasn't sure about it. Financial advisors referred by his sister had recommended switching from term life to whole…
Insured quake property losses could reach $2.1B: Verisk
The 6.8-magnitude earthquake that struck Japan's Kyushu Island on July 28 is expected to cause insurance industry losses of 220 billion to 340 billion Japanese yen ($1.4 billion to $2.1 billion), according to U.S.-based Verisk Analytics Inc.…
Consumer forum lifts liquor seller's spirits, tells insurer to pay Rs 1.2 cr
A Mumbai consumer disputes commission has ordered National Insurance Company Ltd to pay a liquor wholesaler over ₹1.2 crore for stock ruined during the 2017 Mumbai floods, citing the insurer's 'arbitrary and unreasonable' rejection of the…
Bharat Maritime Insurance Pool launches P&I cover
India's Department of Financial Services has launched the country's first sovereign-backed protection and indemnity insurance product under the Bharat Maritime Insurance Pool, Safety4Sea reported. The product is intended to reduce the Indian…
India to raise up to $3.3 billion by selling stake in country's largest life insurer at 10% discount
Indian government plans to raise $3.3 billion by selling up to a 6.5% stake in Life Insurance Corporation of India. The government will sell shares at 382 rupees per share, a 10% discount to its closing price on Monday. The offer consists of a base…
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