Industry News
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown
The National Flood Insurance Program (NFIP) has been reauthorized until the end of January 2026. With the passage of HR 5371, which ended the 43-day shutdown of the federal government, NFIP was ...
Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares
Warren Buffett on Monday assured Berkshire Hathaway shareholders they need not worry about his upcoming departure as chief executive, giving a full-throated endorsement to his ...
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report
A new survey reveals consumer frustration with auto insurance pricing models and growing support for more transparency in how policies are priced and for telematics. The new research from mobility ...
Bipartisan Legislation Introduced to Retroactively Restore NFIP
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood ...
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal. Jamaica's $150 million cat bond has been the subject of ...
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of "top-tier underwriting talent" across the company. ...
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and ...
Lemonade Books Q3 Net Loss of $37.5 Million
InsurTech Lemonade reported a third-quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit increased 42% and ...