Following in the footsteps of groundhog Punxsutawney Phil, analysts from Fitch Ratings and Morningstar weighed in with these P/C insurance market forecasts in the past week: “Fitch Ratings expects the U.S. property/casualty market to continue softening in 2026, with increased competition, abundant capital and downward pricing pressure. “Despite the high number of litigations and escalating payouts, the U.S. casualty insurance market is still an attractive market because of its size, product and regional diversity, and pricing flexibility,” according to Morningstar. “We expect casualty insurance pricing to remain divergent from the rest of the P&C insurance market in the near term,”…
Author: Awais
Industry trade associations side with caution to ensure regulations promote safety as autonomous vehicles (AVs) share the road with traditional automobiles. The National Association of Mutual Insurance Companies and the American Property Casualty Association each submitted statements to the Senate Committee on Commerce, Science, and Transportation for its Feb. 4 hearing on the future of self-driving vehicles. Sen. Ted Cruz, R-Texas, chairman of the committee, said AVs are already on the road and they present some potential in improving safety and traffic, but to date Congress “has failed to establish a clear federal framework to govern AV deployment.” “That inaction…
Thorsten Neumann, president and chief executive of TAPA EMEA, said criminals are combining physical theft with identity fraud, using forged documentation and cloned business profiles to gain access to cargo movements. “We are seeing shell companies, cloned legitimate firms and the routine use of fake insurance certificates, forged email domains and look-alike websites,” he said. “The concern is that artificial intelligence will make these tactics easier to scale, increasing both the frequency and severity of losses.”
Update: On February 3, 2026, the President signed the “Consolidated Appropriations Act, 2026” which includes funding provided in the FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor HHS) conference bill and accompanying report detailed below. This resource was originally published on January 22, 2026. The Committee on Appropriations released its FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor HHS) conference bill and accompanying report on January 20, 2026. While most U.S. global health funding is provided to the State Department through a separate appropriations bill (see the KFF budget summary on this…
SCOR, the Paris-headquartered global reinsurance company, took advantage of the highly competitive retrocession market at the January 1st, 2026, reinsurance renewals, optimising its placements as it benefited from reduced pricing, according to Jean-Paul Conoscente, P&C CEO at SCOR.As we wrote earlier today, SCOR grew its traditional reinsurance portfolio by 4.7% at 1.1 2026, with the firm highlighting that favourable retro market conditions supported an expected increase in its underwriting ratio of 2.0 percentage points for the year ahead. Recently, during a call with analysts on its experience at the January 1st renewals, Conoscente discussed the retro market in his opening…
From sector classifiers to executive KPIs, Relm made AI a core operating discipline
How Employers scaled underwriting and claims performance through disciplined, explainable AI
Update: On February 3, 2026, the President signed the “Consolidated Appropriations Act, 2026” which includes funding provided in the FY 2026 National Security, Department of State and Related Programs (NSRP) appropriations bill and accompanying explanatory statement detailed below. This resource was originally published on January 14, 2026. On January 11, 2026, the Appropriations Committee released the FY 2026 National Security, Department of State and Related Programs (NSRP) (formerly State, Foreign Operations, and Related Programs [SFOPs]) appropriations bill and accompanying explanatory statement. The bill and explanatory statement include funding for U.S. global health programs at the State Department. Funding for global…
SageSure has now secured its latest catastrophe bond, pricing the transaction to provide it with $670 million of broad multi-peril reinsurance which makes the new Gateway Re Ltd. (Series 2026-1) issuance the largest in the Gateway series of deals so far, Artemis has learned.SageSure, the catastrophe-exposed property specialist MGU, initially sought $765 million of protection with this new catastrophe bond offering when the deal first emerged back at the middle of January. Then, in our first update on the transaction, the size target was adjusted slightly to between $645 million and $690 million, while the price guidance remained the same…
The report identifies access to professional financial advice as a key factor in retirement readiness, but notes that only 36% of Canadians currently work with a financial adviser. Among those who do, 87% say their adviser helps optimise their retirement plan, 83% say they are educated on financial risks, 82% report being coached toward their goals and 84% say their adviser helps keep them on track.
A proposed amendment to Florida’s constitution that would allow recreational marijuana use for adults is one of 22 citizen initiatives that failed to qualify for the 2026 ballot, state officials said. The Florida Department of State announced Sunday that none of the active proposed constitutional amendments by initiative petition met the legal requirements for placement on the November general election ballot. The deadline for signatures to qualify for the midterm election was Sunday. Smart & Safe Florida, the group behind the marijuana amendment, said they believed they would have the 880,062 signatures needed after all petitions are processed, but state…
Liberty Mutual has received approval to convert three domestic mutual insurance affiliates into stock companies and then merge them into a new wholly-owned subsidiary of Liberty Mutual Holding Company (LMHC). The Massachusetts Division of Insurance has approved the reorganizations of Montgomery Mutual Insurance Co., Liberty Mutual Mid-Atlantic Insurance Co. and Patrons Mutual Insurance Co. of Connecticut. The move is another in a series of streamlining actions taken by the Boston-headquartered insurer in recent years to improve the profitability and efficiency of its operations. Insurance Commissioner Michael T. Caljouw signed off on the reorganization plan on January 15, 2026, affirming testimony…
According to the EEOC’s court filing, the agency is examining whether Nike’s DEI policies – including its 2025 diversity targets – led to “a pattern or practice of disparate treatment against White employees, applicants and training program participants” in employment decisions. Those decisions include hiring, promotions, demotions, layoffs and access to internships, mentoring and leadership‑development programs.
Changes to Medicaid and the ACA Marketplace included in the 2025 reconciliation law are estimated to increase the number of people without health insurance in 2034 by 10 million, which may have an outsized impact on the health center patient population. These coverage losses will be driven primarily by new Medicaid policies like mandatory work requirements for the ACA adult expansion population and the requirement for states to conduct eligibility redeterminations every six months rather than annually, and Marketplace changes, including the elimination of auto renewal and the special enrollment period for people with income less than 150% FPL. These…