Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Big Insurance is trying to gut the No Surprises Act
Fourteen years ago, Claudia Knafo, a concert pianist in New York, was surprised by a $101,000 medical bill for spinal surgery she needed to keep working. But rather than accept it and pay the amount, she set off a revolution that culminated in the…
Africa's Top Insurer Returns to Zimbabwe Market After Six Years
Shares in Old Mutual Ltd. began trading on Zimbabwe's dollar-denominated stock exchange, six years after they were suspended on the country's main bourse to curb a currency rout. The shares debuted at 76 US cents apiece on the Victoria Falls Stock…
Opinion | Beijing's offshore insurance tax tests Hong Kong wealth management
Financial markets have been gripped by concern in recent days over reports that China was introducing a new tax on returns from offshore insurance policies. The significance of the episode could prove more complex than the initial market reaction…
Insurance reform to boost public welfare - Opinion
Ma Xuejing/China Daily The State Council, China's Cabinet, recently decided to transfer 10 percent equity shares of State-owned enterprises and financial institutions to the National Council for Social Security Fund. A pilot program for such…
2026 U.S. Insurance Investments Market Report: A Regulatory Redesign
The 2026 US Insurance Investments Market Report, newly released by S&P Global Market Intelligence, tracks the evolution of the property and casualty and life sectors' asset allocation strategies through the end of 2025. Total cash and invested…
Prior Authorization Metrics Provide New Insights into Insurer Practices, but Gaps Remain
The use of prior authorization by health insurers has come under increased scrutiny in recent years, as nearly 7 in 10 insured adults say prior authorization is a burden when it comes to getting health care. Health insurers use prior authorization…
HSBC global insurance business head Moncreiffe to leave, sources say
HSBC's global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and a wealth push in Asia. SCROLL TO CONTINUE WITH CONTENT The…
Insurers brace for influx of El Niño claims
Brazilian insurers are updating contingency plans and scaling up disaster-response efforts as strong El Niño forecasts signal an influx of claims from floods, windstorms and prolonged droughts, Valor International reported. The impacts are…
Data center insurance market set to hit $24B despite catastrophe risks
The global data center insurance market is expected to double to $24 billion by 2030, increasing insurers' exposure to natural catastrophe and climate risks, according to Germany-based Allianz Commercial, Insurance Times reported. Data centers are…
Pelagos Insurance: Q2 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Pelagos Insurance Capital Limit (PLGO) on Wednesday reported earnings of $44.4 million in its second quarter. The Pembroke, Bermuda-based company said it had profit of 52 cents per…
Red Sea war risks cover withdrawn by two insurers
b5734fca-0e29-4d94-8b79-3ff0d09496be Yemeni soldiers patrol the strategic Bab el-Mandeb Strait, Yemen, in April (Photograph by Abdulnasser Alseddik/AP) War risks cover for vessels operating in a widened area of the Red Sea, Gulf of Aden and Indian…
State Regulators Have Been Asking Insurers About the Private Credit They Own
State insurance commissioners have been meeting privately with insurers to hear their views on risk in private credit, which now makes up as much as a quarter of total insurer holdings. New Jersey acting insurance commissioner Susan Ochs disclosed…
Boom by 2030 forecast for global data center insurance market
The global data center insurance market is projected to grow from around $11 billion today to more than $24 billion by 2030. Annual data center investment is projected to rise from around $500 billion in 2024 to more than $1 trillion as early as…
Galaxy Health Insurance enters travel insurance segment with launch of new product
Galaxy Health Insurance on Thursday said it has expanded into the international travel insurance segment with the launch of ‘Galaxy Fly Global Travel Insurance'. With this, the company has broadened its protection portfolio beyond its core…
Heritage Insurance Holdings (HRTG) Q2 2026 Earnings Call Transcript
Thursday, Aug. 6, 2026 at 9:00 a.m. ET Chief Financial Officer - Kirk Lusk Chief Executive Officer - Ernesto Garateix Net Income -- $61.7 million for the second quarter, rising 28.5% compared to $48.0 million in the prior year period. Diluted EPS…
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