The 2026 Wildfire Season Is Rewriting America’s Risk Map
Wildfire risk in the United States is spreading well beyond California, with a growing wildland-urban interface and the Spokane, Washington fires underscoring the shift.…
Line of Business
Property & Casualty
NAIC Data: Homeowners Premiums Up 43.3%, Nonrenewals Surge 216%
New NAIC data show U.S. homeowners insurance premiums up to 43.3% and insurer-initiated nonrenewals up to 216% since 2018, with the sharpest shifts in…
Everest Sells Mexico Insurance Unit to Fairfax, Third Retail Exit
Everest's Mexico insurance sale to Fairfax closes out a three-market retail exit, landing Fairfax in a market squeezed by VAT reform and rising premiums.
Willis and Caribbean Biodiversity Fund Roll Out Reef Parametric Cover
Coral reef parametric insurance turns fund-backed as Willis (WTW) and the Caribbean Biodiversity Fund launch a regional reef risk-transfer programme.
IRDAI Orders Assam Flood Claims Fast-Tracked Under 2026 Circular
IRDAI orders Assam flood claims fast-tracked under a 2026 circular that echoes its 2019 Kerala floods playbook, swapping daily reporting for weekly.
Cover Genius Buys Friendsurance as EU Bank Insurance Stays Just 19% Digital
Cover Genius acquired Friendsurance to embed cover into DACH banks, betting on a digital insurance channel still under 20% of EU premiums today.
Tiptree Buys Universal Shield Insurance Group for $100 Million Cash
Tiptree will pay $100 million for Universal Shield Insurance Group, redeploying capital freed by its $1.65 billion Fortegra sale into specialty P&C.
PicPay Wins Bacen Approval for Kovr, Adding Underwriting to 10M Policies
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Lemonade’s Revenue Jumps 79% to $294.4M as Cession Rate Falls
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic growth alone.
Kenya’s IRA Locks Marine Cargo Cover Into KRA’s Customs System
Kenya's marine cargo cover mandate took effect 1 July 2026, but the real shift is enforcement wired into KRA's customs software with Safaricom.