Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran floats insurance fees and asserts control over Hormuz
Iran sought to assert control over Strait of Hormuz by saying that ships need its permission and mandatory insurance to cross, even as the US said that 20 ships sailed through overnight via a route it recommends along Oman's coast. The conflicting…
The Best Car Insurance Companies for Drivers With Bad Credit
Geico is the top-rated car insurance company in our analysis for drivers with poor credit, thanks to its low rates. Insurers aren't allowed to deny coverage solely based on credit, but most states allow companies to factor in credit history when…
Drivers could save hundreds on EV insurance with new salary sacrifice scheme
Electric cars are already cheaper to run for many drivers, but Octopus Electric Vehicles reckons it has found another way to cut the cost of making the switch: paying for the insurance through salary sacrifice, as well as the car. Salary sacrifice…
Insurers face call for clearer renewal pricing
Insurers in Australia are being asked to provide policyholders with transparent explanations for premium increases, particularly when renewal rates rise by more than 10% a year, Australian Financial Review reported. A draft revised insurance code…
Data center risks outgrow traditional insurance: Zurich
The growing global data center buildout is expected to require securitization as it creates risks too large for traditional insurance, according to Swiss firm Zurich Insurance Group AG, Crypto Briefing reported. The firm expects pure insurance risk…
Extreme weather driving sharp rise in Alberta insurance premiums
As extreme weather events become more frequent and destructive, Alberta homeowners are facing steep increases in insurance premiums, with experts warning the trend is unlikely to reverse without significant changes. Industry officials say the cost…
California insurance crisis spreads beyond wildfire communities
The share of California homes insured through the state's FAIR Plan — a pricey insurer of last resort — has surged to roughly 5%, up from less than 2% in 2020, per a new Stanford study released this week. Why it matters: The jump…
Morrisons launches travel and pet insurance in first for supermarket giant
Morrisons has become the latest UK supermarket to expand its financial services offering Morrisons has become the latest supermarket giant to push deeper into the insurance market, launching new pet and travel cover as Britain's biggest grocers…
ILS expansion needed to meet data centre insurance demand
0fbb0eeb-9e06-4869-be25-65508dc2feb6 Insurance need: the xAI data centre in Memphis, Tennessee (File photograph by George Walker/AP) The level of investment into data centres globally may soon make it necessary for insurers involved to begin…
Space companies talk with insurers over orbital data-centre coverage
9397d2f6-a182-4dd4-9d90-69ba3c92686e Aiming high: SpaceX is among several companies seeking to put data centres in space Insurance will play a vital role in enabling artificial intelligence data centres to be put into orbit — and talks are…
Slide Insurance Chief Risk Officer Sells All His Stock. Should You Sell, Too?
The Chief Risk Officer of Slide Insurance Holdings (SLDE 1.54%) sold out all his stock recently. The Tampa, Fla.-based insurer specializing in residential coverage has posted a negative one-year return after going public in 2025. Matthew Paul…
Covington's Madison Theater closes abruptly after insurance drops coverage, owners announce
COVINGTON, Ky. — The Madison Theater in Covington is closing, effective immediately, its owners announced on social media Friday morning. 'This is not the ending we wanted, nor the one we fought for. We exhausted every option available to us…
Space startups seek insurance for orbital AI data centers
(Reuters) — Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue Origin. The concept of data center…
Damage claims could reach 40,000 after June storms: Manitoba Public Insurance
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Buccaneers Could Add 'Insurance Policy' For Baker Mayfield With 36-TD QB
The Tampa Bay Buccaneers have their franchise quarterback in Baker Mayfield, but there's no guarantee he'll be there for the lang haul. As the Buccaneers start going through their offseason workouts in preparation for the 2026 season, the dominant…
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