Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Admiral UK insurance to cut 500 jobs to save £100m
Insurer Admiral will cut 500 jobs in the UK to save £100m, it has announced. The proposals are related to Admiral's UK insurance business only, and will affect about 5% of its workforce. 'We recognise this will be a difficult time for…
Trump team boots 760,000 from health insurance - and their reasoning is bonkers
Trump administration officials said they booted thousands of people from their health coverage because they never filed claims and could not be contacted — and the internet had a field day pointing out the problem with the thinking. On…
/afaqs/media/media_files/2026/09/23/insurance-2026-09-23-13-39-42.jpg)
How the latest consumer court order could change the way policyholders approach critical illness insurance
Critical illness insurance is meant to pay out at the moment a family can least afford delay, yet a recent consumer forum order shows how often that promise breaks down in practice. The Fatehabad District Consumer Commission in Haryana has directed…
Insured flood losses estimated at $314 million
Toronto-based Catastrophe Indices and Quantification Inc. has issued its third industry loss estimate of 442 million Canadian dollars ($314 million) for the June 2026 flooding in Montreal's West Island and surrounding areas, Artemis reported.
How to figure out how much life insurance you need in your 30s
Industry research finds that more Americans are buying life insurance. But according to life insurance research organization LIMRA, roughly 2 in 5 adults still don't have enough coverage — or any at all. 'Life insurance is one of the…
What could happen to your family's finances without life insurance?
Life insurance doesn't always feel like an immediate financial priority, and that's particularly true when you're juggling mortgage payments, groceries, childcare and other everyday expenses. Unlike many household costs, the benefit of paying for…
Watchdog again blocks sale of RAC WA insurance arm to east-coast giant
The competition regulator has again blocked the sale of RAC to the east-coast-based IAG, saying it would reduce competition in WA's insurance markets and increase premiums. The RAC maintains that members would be better off under a national insurer…
Report: insurers set to double AI spending over three years
6f263cee-830b-4736-af42-e9b718ecaf8b Tech advances: insurers are targeting efficiency and revenue gains from AI (Adobe stock image) Insurers and reinsurers plan to more than double their spending on artificial intelligence over the next three years…
Banks, insurers, consumer inertia stocks face pressure from Meta's Muse, AI disruption fears (META:NASDAQ)
Banks, insurers, and other related stocks that depend on consumer inertia came under pressure from the early popularity of Meta's (META) Muse, an AI agent that executes multi-step tasks on a user's behalf. Muse is directly marketed at consumers and…
NFL Trade Pitch Sends Commanders 'Terrific Insurance' After Jayden Daniels Injury
The Washington Commanders are moving forward with Marcus Mariota as their starting quarterback with Jayden Daniels suffering another elbow injury. It remains unclear how long this latest elbow ailment might sideline Daniels. But NFL Network's Ian…
Insurance giant Admiral cuts 500 jobs
Wales' only FTSE 100 business Admiral has confirmed plans to cut around 500 roles from its UK insurance business. The Cardiff headquartered group has begun a 45-day collective consultation period with impacted staff. The restructuring, which will…
Chubb unit needn't cover insolvent insurer's gap: Colorado court
A unit of Chubb is not required to pick up defense and liability costs left behind when one of an industrial manufacturer's other insurers went insolvent, the Colorado Supreme Court ruled Monday. The unanimous decision, A.R. Wilfley & Sons, Inc. v.
Colorado Health Insurance Premiums Rising 10% in 2027
Colorado residents who buy their own health insurance are bracing for another round of sticker shock in 2027, with premiums on the individual market set to rise by an average of 10%. That's on top of a punishing 22% increase that hit the same…
IRDAI moots major overhaul of insurance distribution norms
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a comprehensive framework of reforms covering insurance distribution, its structure, expenses, commissions, market conduct, transparency and leveraging digital…
Insurance rates dropping for thousands of Florida homeowners - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
TALLAHASSEE, FLA. (WSVN) - Florida Insurance Commissioner Mike Yaworsky has approved rate decreases for four homeowners insurance companies, bringing lower rates to policyholders statewide, including residents in Miami-Dade and Broward counties.
Receive a Daily briefing on Insurance Industry News
Get Started