Insurance Industry News
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Insurance fraudsters 'eyeing bigger payouts with average bogus claim at £14,300'
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Insurers detected £1.34 billion worth of fraudulent…
Insurance fraudsters 'eyeing bigger payouts with average bogus claim at £14,300'
Insurers detected £1.34 billion worth of fraudulent claims in 2025, with an 85% annual surge in the number of bogus travel insurance claims, according to the Association of British Insurers (ABI). The overall value of bogus insurance claims…
Fake insurance claims cost UK £1 billion as travel fraud skyrockets
Insurers uncovered £1.34 billion in fraudulent claims in 2025, boosted by an 85 per cent annual rise in fake travel claims, according to the Association of British Insurers (ABI). The total value of intercepted fraud rose by 14 per cent…
AI hacking fears spread to brokerages, insurers, card issuers
Brokerages, insurers and credit card issuers are stepping up security measures and checking for potential breaches after suspected artificial intelligence (AI)-assisted cyberattacks stole personal data from banks, savings banks and a capital…
Slovakian insurers post first-half premium growth
Slovakia-domiciled insurers recorded a 5% year-on-year increase in gross written premiums to 1.2 billion euros ($1.3 billion) in the first half of 2026, according to the Slovak National Bank, Xprimm reported. The nonlife segment accounted for 66%…
Goosehead Insurance trades lower as Piper Sandler downgrades to Hold equivalent (GSHD:NASDAQ)
Goosehead Insurance (GSHD) was trading lower as Piper Sandler downgraded the stock to Hold equivalent over negative sentiments surrounding earnings. Shares were down 1.86% to $45.33 during pre-market trading on Tuesday. 'Our bottom-up quarter-end…
Insurers fight claims tied to 'tax scam' investments
Insurers, including Liberty Mutual, are fighting claims involving an estimated $1 billion in limits after writing policies on what the Internal Revenue Service has called one of the “worst of the worst tax scams.” Investor…
Irish taxi and food delivery drivers face headache as French insurer suspended
Competition to provide insurance cover here for taxi and delivery drivers has suffered a blow after French authorities ordered Paris-based insurer Wakam to suspend writing new business amid concerns over its capital reserves. Broker NFP Ireland, a…
Louisiana family torched rental homes for years in $1 million insurance scam, feds say
The fires, prosecutors say, all started in similar places — usually in a child's bedroom or the kitchen areas of more than a dozen residential properties clustered within a few square miles in north Louisiana. Almost all of the 13 homes were…
Miners' union backs insurance against heavy-rain income losses
The union representing mine and quarry workers has backed a proposed insurance scheme that would compensate miners for income lost when heavy rains force mining operations to stop. The Rwanda Extractive Industry Workers Union (REWU) says the…
High court won't hear insurer's bid to recover $11M from former lease owners
The U.S. Supreme Court on Monday declined to hear an appeal by a unit of Sompo International, which sought to compel Chevron and other former owners of an offshore oil and gas lease to repay it for an oil well cleanup after its most recent owner…
Kyle, Texas Man's Death Spurs Insurer Investigation
Kenney Blewett had lived with chronic obstructive pulmonary disease for more than a decade. By 2026, he had lost 45 pounds while trying to manage increasingly frequent flare-ups. A new prescription on June 2 offered hope, but it had not arrived…
Candidates vying to be CA's next insurance commissioner | 2026 Voter Guide
Updated: 2:05 PM PDT Oct 5, 2026 Editorial Standards ⓘ Updated: 2:05 PM PDT Oct 5, 2026 Editorial Standards ⓘ California voters will elect a new Insurance Commissioner this year. For the first time, voters will decide between two…
Indian insurance brokers oppose regulator's proposed reforms
Indian insurance brokers are opposing reform proposals from the country's regulator, including caps on commissions paid to banks, brokers, and agents, according to letters from the Insurance Brokers Association of India…
Race for CA insurance commissioner: Once-boring contest is now high stakes
California voters will choose between two Democrats with differing visions for the state's troubled insurance market when they elect a new insurance commissioner this November. Jane Kim, a former San Francisco supervisor, and Ben Allen, a state…
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