The Federal Insurance Office reports record $3.3 trillion U.S. insurance premiums in 2024, highlighting strong life and health and property/casualty sectors amid investment gains and market challenges.
Health insurance premiums in rural America could increase by over $1,300 monthly in 2026 if Biden-era ACA marketplace subsidies expire. This change would impact millions of rural residents, highlighting disparities and market risks ahead of budget negotiations.
The 2025 Federal Insurance Office Annual Report identifies third-party litigation funding as a key factor driving up costs in the U.S. property-casualty insurance sector, highlighting regulatory efforts and market impacts.
Kyle Busch and Pacific Life confront lawsuits alleging deceptive marketing of Indexed Universal Life policies, raising critical issues in life insurance compliance and consumer protection.
Roadzen signs definitive agreement to acquire majority control of a commercial auto insurance broker and MGU operating in California, Texas, Illinois, and New Jersey, expanding its footprint in specialty transportation and commercial vehicle insurance.
Guidewire is acquiring ProNavigator, a knowledge management platform for P&C insurance, to improve workflow efficiency and decision-making. The integration will enhance Guidewire's platform with advanced knowledge retrieval and search capabilities.
Nationwide commits $1.5 billion through 2028 to AI-driven innovations enhancing property and casualty insurance services with secure, scalable technology solutions.
Pacific Life commits $12.3 million to open a new Charlotte office, creating 301 jobs in actuarial, finance, technology, and HR roles. The expansion supports Charlotte's growing reputation as a financial services hub with $5.5M in state tax incentives.
CVS Health closes 16 Oak Street Health locations citing elevated medical costs and CMS risk model changes, reflecting broader strategic shifts in retail healthcare amid financial pressures.
An insurance company, which has insured several New York hospitals and charities, has filed for bankruptcy and is closing its practice after being overwhelmed by lawsuits related to that state’s Child Victims Act (CVA). Bermuda-based Northeast Insurance Company filed for Chapter 15 bankruptcy protection in New York on Oct. 15, seeking U.S. recognition of its ongoing liquidation process in Bermuda.
