The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Representative Ayanna Pressley led 18 other members of Congress in a set of letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and…
Reinsurance
Washington property insurers are acting as financial first responders to help their impacted customers recover from the wildfires devastating the Spokane metropolitan area, according to the Insurance Information Institute. This includes providing immediate relief through additional living expenses coverage for displaced policyholders.
Federato, the AI-native platform for the full policy lifecycle, today launched Federato Claims, an end-to-end claims management system built on the same foundation as underwriting, policy administration, and billing. It captures coverage decisions, reserve movement, and claim reasoning as structured signals and feeds them back into underwriting, pricing,…
Fortitude Reinsurance Company Ltd., today announced a $200,000 donation to the Educational Arts Team through Fortitude Re 4 Good, the company’ s umbrella for charitable giving, volunteerism and community partnerships. Fortitude Re’s COO and EdArts Board Member Sean Coyle presents a $200,000 check to EdArts. “Fortitude Re is proud to continue our partnership…
Orbital Sentry, a deep tech startup building persistent infrared imaging systems for geosynchronous orbit, today announced the close of a pre-seed funding round. The round was led by Ridgeline and with participation from Superorganism and Hustle Fund. “The government has utilized the unique value of persistent overhead infrared for decades,” said Ryan…
For the first time in several years, home sale activity across major markets in south Louisiana picked up in the first half of 2026. Perhaps more telling, so far this year, nearly twice as many companies have filed with the Louisiana Department of Insurance for rate decreases than increases, while several other carriers have indicated they plan to hold rates…
Everspan Group, a specialty property and casualty insurance platform and wholly owned subsidiary of Octave Specialty Group, Inc., today announced three senior appointments to support the company’ s continued growth. Bevan Greibesland will join as Chief Underwriting Officer on August 10, followed by Forest Clay Stewart as Chief Operating Officer on August…
Following the issuance of a news release earlier today announcing that Bowhead Specialty Holdings Inc., has entered into a definitive merger agreement under which American Family will acquire Bowhead, the Company today announced financial results for the second quarter ended June 30, 2026 and cancelled the previously scheduled conference call to…
For the first time in several years, home sale activity across major markets in south Louisiana picked up in the first half of 2026. Perhaps more telling, so far this year, nearly twice as many companies have filed with the Louisiana Department of Insurance for rate decreases than increases, while several other carriers have indicated they plan to hold rates…
In Case You Missed It, new reporting from MeidasTouch News exposes U.S. Senate candidate John Sununu for making millions of dollars "sitting on boards and drawing paychecks from companies" with considerable ties to China and the Chinese Communist Party. Sununu also held cushy board seats at a medical device maker that "cut American jobs while building…
2026 JUL 31– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Economics have been published. Financial support for this research came from Center of Industrial Organization at Northwestern University. Our news editors obtained a quote from the research from the University of Minnesota Twin Cities,“ Public reinsurance…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Reunion Re Compañia de Reaseguros S.A.. The negative outlooks reflect the pressure applied to Reunion Re’ s balance sheet strength caused by the influence of the rating unit’ s holding company coupled with the macroeconomic challenges in Argentina.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Reaseguradora Delta, S.A. and Reaseguradora Delta, C.A.. The outlook of these Credit Ratings is stable. Founded in Panama in 2010, Delta Panama offers treaty and facultative reinsurance for several lines of business, including fire, surety, construction and…
The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company of California; Blue Ridge Indemnity Company; Fortegra Specialty Insurance Company; and Fortegra Europe Insurance Company SE. In addition, AM Best has removed from under review with positive…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of QBE Europe SA/ NV, QBE UK Limited, QBE Capital Ltd., QBE Capital Ltd. and the pooled members of QBE North America Insurance Group. These companies are key operating subsidiaries of QBE Insurance Group Limited, the non-operating holding company of the QBE group of…
Lincoln Financial today announced that it has entered into an agreement with Talcott Financial Group under which Lincoln will cede approximately $5.8 billion of in-force GUL statutory reserves, representing approximately 37% of Lincoln’ s remaining in-force guaranteed universal life block to a Talcott subsidiary. In connection with the transaction,…
The following information was released by the Environmental Defense Fund:. This retreat exposes a market failure compounding on itself: without strong federal safeguards like the Toxic Substances Control Act, the primary U.S. chemical safety law current under threat in Congress, to curb PFAS at the source, production will continue unchecked, contamination…
Ategrity Specialty Insurance Company Holdings today announced financial results for the quarter ended June 30, 2026. The Company reported net income attributable to stockholders of $33.5 million, or $0.67 per diluted share, compared to $17.6 million, or $0.39 per diluted share, in the prior-year period. Gross written premiums increased 23.4% to $206.8…
Porch Group, Inc., a new kind of homeowners insurance company, today reported second quarter results through June 30, 2026, that exceeded our expectations. With strong capacity, expanding top-of-funnel activity, and rapid policy growth, we believe Porch is increasingly positioned for sustained profitability, a stronger balance sheet profile, and…
