Insurance news covering health, life, auto, and property insurance, insurance regulations, and industry trends.
One year after health insurers pledged to reduce barriers to care, some now refuse to implement all promised initiatives. Patients and advocates report little improvement, and Rep. Greg Murphy called the pledge 'no teeth.' Insurers claim a reduction in prior authorizations.
On National Insurance Awareness Day, IRDAI chairman Ajay Seth launched a comic book series to simplify life insurance concepts for consumers. Developed with the industry, the series uses stories featuring advisor Supriya to explain MWP Act, Waiver of Premium, and Critical Illness riders. The initiative supports IRDAI's 'Insurance for All' vision amid rising premiums but lagging penetration.
A Consumer Federation of America report found homeowners in predominantly Black and Hispanic areas pay higher home insurance premiums than those in mostly white areas, even after accounting for environmental risk. In Washington, Hispanic ZIP codes paid 18% more ($278/year extra), the third-largest gap among 17 states. Nationally, Hispanic areas paid 30% more, Black communities 16% more.
This commentary argues that Colorado homeowners face unsustainable increases in insurance premiums, citing a reader's quintupled rate. It suggests that state grants for fortified roofs, as part of a new law, could help mitigate costs, though it notes skepticism about the adequacy of such grants.
A LendingTree study finds that in states like Nebraska and Oklahoma, home insurance accounts for nearly a fifth of monthly housing costs, surpassing mortgage payments and property taxes. Home insurance takes up at least 10% of costs in 20 states.
A California appeals court upheld a 1996 regulation allowing auto insurers to charge unmarried individuals higher premiums, rejecting a lawsuit claiming marital status discrimination. The court cited the insurance commissioner's authority and actuarial data showing married drivers file fewer claims.
According to Marsh McLennan research, global insurers intend to increase their allocations to private credit, even as concerns mount over underwriting standards, default rates, and valuations in the asset class.
Allstate reported June 2026 catastrophe losses of $1.72 billion, or $1.36 billion after tax. Combined with April and May, Q2 losses total about $2.88 billion ($2.28 billion after tax). The insurer is based in the US and listed on the NYSE.
Insurity was recognized as a leading AI innovator in financial services by FinTech Global's 2026 AIFinTech100 list. The company also committed an additional $100 million over two years to modernize core insurance systems with embedded AI and build AI-native products, including real-time risk intelligence and catastrophe modeling.