Live Insurance News

Swiss Re’s Vision for 2025: A Riskier, More Fragmented Insurance Industry

July 9, 2025July 9, 2025 G. Turner

The world feels divided these days, doesn’t it? Well, according to Swiss Re’s latest Sigma report, it’s not just a feeling. The global insurance industry is following suit, adapting to a world Swiss Re describes as “riskier” and “more fragmented” by 2025. Titled “sigma 2/2025: World Insurance in 2025,” the report dives headfirst into the challenges insurers will face in the coming years. Volatile exchange rates. Asset price swings. Tariffs that throw markets for a loop. It’s all here – and it’s not all sunshine and rainbows. But here’s the…

Insurance Giants at a Crossroad: USAA Pulls Back While Lemonade Doubles Down

July 8, 2025July 8, 2025 Nordstrom

Big changes are shaking up the world of insurance. USAA is tapping the brakes on its telematics-based Pay-As-You-Drive program. Meanwhile, Lemonade? It’s revving up the engine, pushing telematics to the forefront of its car insurance offerings. Two companies. Two very different roads. What’s Going on With USAA? USAA’s Pay-As-You-Drive program is officially a thing of the past. For those who already signed up? Their policies will run until the end of their term. But once that’s over, it’s game over. No renewals. No extensions. It’s a pretty clear-cut move. Instead…

California Insurance News – The $100 Million Safety Net Reinforcing Mercury’s Competitive Edge

June 16, 2025June 15, 2025 Ben Jones

Mercury General’s $100 Million Catastrophe Bond: Doing What Others Do—But When It Matters Big news, but let’s keep it real: issuing catastrophe bonds? That’s standard stuff for major insurance companies. It’s how they all spread risk. What sets Mercury General apart isn’t the “what”—it’s the “when,” and the “where.” A Proven Strategy, Deployed at the Right Time Cat bonds are like safety nets. Insurers sell them to investors. If disaster hits—wildfires, earthquakes, you name it—the money goes to the insurer to help pay claims. If not? Investors take home their…

Mercury Insurance Tackles Climate Risks Head-On

June 10, 2025 Angela Linders

New Leadership to Address Climate Challenges Mercury Insurance isn’t sitting on the sidelines. They’ve brought in Steve Bennett as the Senior Director of Climate and Catastrophe Science. His job? Lead a team that helps Mercury and its customers prepare for the intensifying climate-driven weather events we’re all facing these days. Big role. Big responsibility. Staying in High-Risk Areas When Others Won’t While other insurers are running away from high-risk areas, Mercury is doubling down. Especially in California. Why? They’re doing things differently. Take Paradise, CA, for example. After the Camp…

Why Over 700,000 People Are Waiting for Lemonade’s New Car Insurance

April 4, 2025April 3, 2025 Logan B.

Lemonade’s 700,000 Waiting Customers: The Future of Car Insurance Is Knocking When Lemonade, the tech-driven disruptor in the insurance world, announced that over 700,000 customers are lined up, eagerly awaiting its car insurance rollout in regions where it’s not yet available, it turned a few heads. That’s not just a waitlist—that’s a crowd, and it’s a strong indicator that something significant is brewing in the car insurance industry. But what’s fueling this surge of interest? And what does it say about where the insurance market is headed? Lemonade’s Growing Waitlist:…

How a Single Bill Could Reshape Insurance Regulation in America

January 29, 2025January 28, 2025 G. Turner

Congressman Troy Downing Introduces Legislation to Abolish the Federal Insurance Office Congressman Troy Downing, representing Montana’s 2nd district, has introduced a new bill, H.R. 643, in the U.S. House of Representatives aimed at abolishing the Federal Insurance Office (FIO). The proposed legislation seeks to return full regulatory authority over the insurance industry to state governments, eliminating what supporters consider an unnecessary and duplicative federal entity. “The law is clear. Regulation of the insurance industry rests with the states, not big government,” Downing stated in a press release. This reflects his…

The Future of Insurance – Personalized Policies and Instant Claim Approvals

January 5, 2025January 5, 2025 Nordstrom

Is There Such a Thing as Instant Claim Approvals? Could This Ever Happen? The concept of instant claim approvals might sound like a dream to anyone who’s had to wait weeks—or even months—for their insurance claim to be processed. But as technology continues to progress, the idea of instant claims is no longer pure fiction. Thanks to advancements in artificial intelligence (AI), machine learning (ML), and data analytics, the insurance industry is inching closer to making this a reality. Could we reach a point where claims are approved in seconds?…