2+ day, 16+ hour ago   (416+ words) New York regulators have proposed requiring auto insurers to obtain prior approval before implementing any increase in private passenger insurance rates. The New York State Department of Financial Services said the change forms part of auto insurance reforms included in…...

2+ day, 16+ hour ago   (333+ words) Insured losses from non-peak natural catastrophes exceeded $100 bn for the first time in 2025, according to Munich Re. Losses from events such as hailstorms reached $104 bn after several years of growth. Global insured catastrophe losses also exceeded $100 bn for the sixth…...

2+ day, 17+ hour ago   (816+ words) The UK insurance market contributes around £29 bn annually to the economy and supports more than 300,000 skilled jobs, according to a report from the Association of British Insurers. Around two-thirds of those positions are located outside London, giving the sector a…...

2+ day, 17+ hour ago   (651+ words) The US property and casualty insurance industry recorded an estimated net underwriting gain of $31.7 bn in the first half of 2026, according to Verisk and the American Property Casualty Insurance Association. That compares with $11.6 bn in the same period of 2025, when…...

2+ day, 17+ hour ago   (636+ words) Medical service costs paid per workers’ compensation claim in California increased 5% in 2026 after rising 10% in 2024, according to the Workers’ Compensation Insurance Rating Bureau of California. Medical expenses represented 52% of total loss payments in the state’s workers’ compensation system during the…...

2+ day, 17+ hour ago   (662+ words) 50% of consumers worldwide are considering buying life insurance, yet more than 40% leave the process confused or unconvinced, according to the World Life Insurance Report 2027 from the Capgemini Research Institute and LIMRA. The findings point to problems in how insurers explain…...

2+ day, 18+ hour ago   (329+ words) Aon has launched Underwriting Analytics, a new capability within its Risk Analytics Platform for insurers and reinsurers. The tool is designed to assess how prospective business would affect existing portfolios before underwriting capacity is committed. The solution combines location-level information…...

2+ day, 17+ hour ago   (596+ words) AI is helping commercial insurance underwriters reduce administrative work, but fewer users report improvements in decision quality, according to the Underwriting Edge 2026 report from hyperexponential. The study surveyed 350 senior commercial property and casualty underwriters across the US and UK in…...

2+ day, 19+ hour ago   (437+ words) Wonderful is positioning its AI operating system for use across core insurance workflows, including underwriting, claims, servicing and compliance. The platform is designed to sit above existing insurer systems rather than replace core infrastructure. For sales and underwriting, Wonderful applies…...

2+ day, 19+ hour ago   (537+ words) Wonderful has raised $550 mn in a Series C funding round at a $5 bn valuation. Insight Partners led the financing, with participation from Salesforce and existing investors Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer Venture Partners. The round follows Wonderful’s Series…...