Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Y Combinator insurance tech alum Angle Health hits $2.7B valuation
These days, it's rare to hear of a startup founded in 2019, or one not focused on AI agents, raising a hefty Series C. But health insurance startup Angle Health announced Friday that it raised a $200 million Series C, alongside a $400 million…
Nonlife insurers buoy Hungarian market
The Hungarian insurance sector's cumulative premium income grew 3% year on year to 1.1 trillion Hungarian forint ($3.4 billion), partly driven by a 7% increase in nonlife premium income, according to the National Bank of Hungary, Xprimm reported.
Specialty Insurer Orion180 Slumps 4.2% After $240 Million IPO
Orion180 Insurance Group Inc. fell 4.2% in its trading debut after the company raised $240 million from an upsized initial public offering. The specialty homeowners insurance company opened at $11.50 per share on Friday, above its IPO price of $12.
EU to form 'climate insurance alliance'
The European Union will create a “climate insurance alliance” to expand coverage for extreme weather after one of Europe's worst wildfire seasons on record and successive heatwaves killed dozens, disrupted power and reduced…
Brussels is Building a Climate Protection Racket in the Name of 'Climate Insurance'
Kurt Vandenberghe, the European Commission's Director-General for Climate Action, put the new orthodoxy in a single sentence this month. Posting after a round table with Europe's insurers on closing the “climate protection gap”, he…
Hailstorm causes more than $1B in insured losses
The severe hailstorm that struck the Swiss Plateau on Aug. 28 caused nearly 1 billion Swiss francs ($1.2 billion) in privately insured losses, excluding property damage covered by cantonal building insurance programs, according to the Swiss…
UAE insurers post profit despite significant flood losses
Listed insurers in the United Arab Emirates recorded a 13% year-on-year rise in first-half profit before tax to 2.4 billion Emirati dirham ($653 million) despite incurring significant losses from the March 2026 floods, according to Dubai-based…
Study links soaring health care spending to higher insurance premiums
Growth in health care spending in the United States is driving increases in health insurance premiums, limiting people's access to care and contributing to wage reductions, job losses, and rising inequality, according to a new study coauthored by…
Is the Enterprise Insurance Market Agentic AI's Hidden Ceiling?
Every additional degree of autonomy potentially creates another liability question. It also creates a harder insurance problem. Unlike the familiar risk of one employee, application or company making a mistake, the same foundation model and…
London's Marine Insurers Widen Black Sea High Risk Zone as Shipping Attacks Surge
LONDON, Sept 18 (Reuters) – London's marine insurance market has widened the area in the Black Sea it deems as ?high risk as the Ukraine-Russia conflict escalates, according to an advisory issued this week. The Black Sea is a vital route for…
Betting Against Banks With FAZ? You're Actually Shorting Insurers and Brokers
Dow Jones51,598.60−0.49% Russell 20002,848.45−0.90% Dow Jones51,598.60−0.49% Russell 20002,848.45−0.90% Dow Jones51,598.60−0.49% Russell 20002,848.45−0.90% Dow Jones51,598.60−0.49% Russell…
Meta Platforms, Inc. $META Shares Sold by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The…
Morning Business Report: Data center utility protection bill stalls in Senate as health insurance costs rise
(LILAMAX)- A bipartisan proposal designed to protect consumers from electricity costs associated with new data centers has stalled in the U.S. Senate. The Ratepayer Protection Act passed the House 417-3 Wednesday before an attempt to pass it by…
Slide Insurance (NASDAQ:SLDE) Stock Rating Upgraded by Wall Street Zen
Slide Insurance (NASDAQ:SLDE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a 'hold' rating to a 'buy' rating in a report issued on Saturday, Wall Street Zen reports. Other research analysts also recently issued reports…
Sumitomo Life Insurance Co. Buys Shares of 286,577 Amazon.com, Inc. $AMZN
Sumitomo Life Insurance Co. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 286,577 shares of the…
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