INSURANCE NEWS
Environmental Groups Challenge Decision to Revoke Basis of Climate Regulations
A coalition of health and environmental groups sued the Trump administration on Wednesday over its decision to revoke the scientific finding that forms the basis of U.S. climate regulations. The legal challenge filed in the U.S. Court of Appeals for …
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance
Florida regulators announced a crackdown on people selling vehicle insurance products without a license. Insurance Commissioner Michael Yaworsky this week ordered American Dream Auto Protect Inc., an auto warranty company, to cease operations because it did not have a license …
Pinion Insurance Launches With Up to $180 Million Commitment From Barings
Specialty insurance platform Pinion Insurance announced its launch yesterday. The company will offer insurance capacity for managing general agents (MGAs) across the U.S., U.K. and European markets through a fully integrated innovative proprietary technology platform. Founded by an experienced management …
Tesla Avoids California Sales Halt Over Autopilot Marketing
Tesla Inc. will be allowed to continue selling electric vehicles in California uninterrupted after the company revised what the state had called misleading marketing of driver-assistance technology. The automaker has taken “corrective action” including ending the use of Autopilot branding …
Global Insurtech Funding Surges on Record Re/Insurance Investments: Gallagher Re
Investments in global insurtech rose 19.5% during 2025 to US$5.08 billion from US$4.25 billion in FY 2024, marking the first annual increase since 2021, according to Gallagher Re’s Q4 Global Insurtech Report. During the fourth quarter of 2025, global insurtech …
‘We Failed Them:’ MS Senators Call for Improved Disaster Response After Storm
North Mississippi senators pleaded for an improved disaster response from the state last week as thousands of their constituents still lacked power nearly three weeks after the January winter storm. Sen. Rita Potts Parks, a Republican from Corinth, repeatedly told …
Coalition Against Insurance Fraud Announces New Leadership Appointments
The Coalition Against Insurance Fraud announced new leadership appointments across several of its committees and task forces, reinforcing its commitment to collaboration, innovation, and excellence in fraud prevention. The Coalition’s 14 committees and task forces play a vital role in …
AI Needs Its Own Risk Class: Lockton Re
The rapid adoption of artificial intelligence by organizations across all industries is changing the commercial risk landscape; it’s time to consider making AI its own risk classification, according to a new report from Lockton Re, in collaboration with Lockton International …
German Union Files Defamation Complaint Against Tesla Factory Manager
Germany’s IG Metall has filed a criminal complaint against the manager of Tesla’s factory near Berlin, accusing him of “spreading false allegations,” the union said on Tuesday, in another sign of its souring relations with the U.S. automaker. The union …
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs
Munich Re’s primary insurance unit ERGO aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence. The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said …
Can AI Tell Us How Much to Pay for Art?
Stephen Smith, 56, a UK-based art collector, has bought prints through MyArtBroker, a sales and management platform for secondary-market prints and editions, since 2024, when he purchased Echo by British abstract artist Bridget Riley for £7,500 ($10,300). He uses the …
Viewpoint: How P/C Carriers Can Win the Next Decade With Tech + Talent
When I reflect on the state of the Property & Casualty business today, two forces are reshaping the industry faster than any cycle I’ve seen in my career. Increasingly complex risks are driving demand for specialized protection solutions and talent. …