Know What's Happening in Insurance
Know What's Happening in Insurance
Insurance Pulse
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Coastal Insurers Falter as Floods and Fires Expose Policy Gaps
Recent floods on Hawaii's North Shore and wildfires in Maui and Malibu highlighted that standard homeowners and renters policies exclude flood damage that rises from below, leaving many victims without coverage. Insurers have repeatedly denied or underpaid claims, citing technical exclusions or zoning issues, while FEMA assistance covers only a fraction of rebuilding costs.
Semaglutide and tirzepatide have shown a 20% drop in major cardiovascular events, a 24% slowdown in kidney disease progression, and a 33% lower Alzheimer’s diagnosis rate. The FDA’s expanded Wegovy label and a wave of new brain‑health trials are turning the drugs into a multi‑disease platform, while cost and coverage gaps threaten widespread adoption.
Okay, this is 5 weeks too late. The US should have had war risk coverage in place on Day 1 when the issue was the lack of sufficient money in the pot. Ships have already obtained war risk through commercial means. The issue...
“Despite being one of the safest and most cost-effective permanent contraceptive methods, vasectomy is not guaranteed no-cost coverage under the Affordable Care Act’s preventive services mandate in the same way female contraception is.” Dominick Shattuck digs into vasectomy coverage (an...
Paul Richmond, product manager at Novidea, outlined the company’s insurtech solution tailored for the UK retail insurance market. He explained that Novidea’s platform serves brokers, policy‑holders, and underwriting teams by delivering a single, end‑to‑end digital journey—from a branded customer portal...
Universal Casualty Risk Retention Group announced a surplus increase to roughly $15.5 million and a Risk‑Based Capital ratio of 553%. The capital boost underscores the captive's disciplined underwriting and positions it for expanded member services.
667+ InsurTech ventures. 18 countries. $10.8 billion in funding. That is what the #SilkRoad insurance corridor looks like today. I spent last week in Istanbul at the first Silk Road Insurance Forum, mapping this ecosystem, delivering a keynote on the #agenticfrontier, and...
If it looks/sounds too good to be true, it often is. The $1BLN company was running rampant fraud and I suspect that's just the tip of the iceberg. Watch out for possible insurance/billing fraud.
A bipartisan group of California lawmakers introduced a package of six bills, including Assembly Bill 2166, that would create a state‑run construction insurance program to guarantee payouts for developers and lenders using factory‑built housing. The move targets the chronic housing...
Yes, health insurer and Silicon Valley owned AI companies are taping therapy sessions and using that data. It's a creepy situation driven by health insurers not wanting to pay for mental health care. https://t.co/zLyh5fcdvr
U.S. Doubles Hormuz Insurance Backstop to $40B in Hopes of Luring Ships Back. War risk—physical vs financial. Who has used this program? https://t.co/uliGuwjTgu
Recent floods on Hawaii's North Shore and wildfires in Maui and Malibu exposed a systemic flaw: standard homeowners and renters policies exclude flood damage that rises from below, leaving many victims without coverage. Insurers have repeatedly denied or underpaid claims,...
Controlled Passage: First Ships Edge Through Hormuz as Crisis Redefines Global Shipping. Iran vs UNCLOS. Shipping cost and war risk insurance vs value of cargo. Supply chain chaos. Supply shortages and impact—macro and micro. https://t.co/NYGVyblHEB
Generali Hong Kong has teamed with insurtech platform CoverGo to launch an Intelligent Document Processing (IDP) AI Agent that automates health‑insurance claim handling. The solution ingests claim forms, medical reports, invoices and receipts, converting unstructured files into structured, decision‑ready data...
A multi‑million‑dollar insurance fraud has been uncovered on Mount Everest, potentially affecting more than 4,700 trekkers. Mountain guides, helicopter operators and private hospitals allegedly submitted false emergency‑rescue claims, inflating costs for insurers by roughly $20 million. In some instances, climbers were...
The Health Affairs podcast episode focuses on Jeanne Lambrew’s argument to abandon, rather than expand, high‑deductible health plans (HDHPs) paired with health spending accounts. Lambrew traces the policy’s origins to 1990s conservative think‑tanks, noting three legislative boosts—the 2003 Medicare Modernization...
U.S. personal‑lines insurers are rapidly expanding AI‑powered claim denial tools, a shift that could cut costs but also raises consumer and regulatory alarm. By 2023, 88% of auto insurers and 84% of health carriers were already using AI for claims,...
Blue Owl Capital announced a 5% quarterly redemption cap on its flagship Credit Income Corp. and Technology Income Corp. after investors sought to pull $5.4 billion – 21.9% of the $36 billion Credit Income fund and 40.7% of the tech‑focused fund –...
U.S. regulators are turning their attention to the growing risk profile of private debt as insurance companies pour more capital into the asset class. The Federal Reserve and the Office of the Comptroller of the Currency will begin a series...
