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20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster?

Jul 14 2026 // On August 29, 2005, Hurricane Katrina made landfall near Buras-Triumph, Louisiana, as a Category 3 hurricane with sustained winds of 125 mph. It had previously reached Category 5 intensity over the Gulf of Mexico, peaking...

California Bill to Let Insurers Use Driver Telematics Mulled by Legislature

Jul 9 2026 // A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law,...

Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources

Jul 8 2026 // Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the...

Sompo to Acquire Service Insurance Companies to Expand US Workers Comp

Jul 7 2026 // Sompo International Holdings Ltd. said it has a definitive agreement to acquire Service Insurance Companies, a monoline workers’ compensation insurance company. Terms of the transaction were not...

Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels

Jul 6 2026 // SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale...

Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts

Jul 6 2026 // The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in...

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