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- Insurance News Digest 9-11-2025
Insurance News Digest 9-11-2025
The auto insurance industry is seeing a surge in consumer shopping and insurer expansion, even as rising vehicle complexity and repair costs add new pressure.
We deliver the latest insights and developments shaping insurance, focused on insights and opportunities for those who serve the insurance industry. Stay informed on how emerging trends like current events, regulatory changes, AI, and innovative products can help you better serve your clients and partners and drive business growth.
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Google's DeepMind deep learning model outperformed both official and conventional forecasting systems for Hurricane Erin. This progress underscores AI's fast-moving potential to transform catastrophe prediction.
At Artemis London 2025 (Sept 2), speakers highlighted a wealth of opportunity in catastrophe bonds and ILS, while emphasizing that transparency and communication are vital to unlocking it. The event drew over 220 attendees from global institutions seeking efficient risk transfer solutions.
Verisk projects that annual global insured losses from natural catastrophes will average $152 billion, with actual losses potentially far higher in any given year. This highlights the insurance ecosystem’s enduring exposure to tail risk events.
The convergence of climate change and geopolitical instability is driving hyper volatility, with events beyond the 95th percentile challenging traditional siloed risk management approaches. WTW research urges insurers to adopt integrated, forward-looking strategies to better navigate interconnected tail risks.
Marsh McLennan Agency has acquired Robins Insurance, a near 50-year-old Nashville firm specializing in business and personal lines across sectors like hospitality and construction. All staff, including CEO Van Robins, will remain at the existing office; terms were not disclosed.
Neptune Insurance Holdings has filed for a U.S. IPO, offering flood insurance with AI-powered underwriting that has maintained an impressive 24.7% written loss ratio through June 30, 2025. The firm achieved $119.3 million in revenue and $34.6 million in net income for the prior year.
A global survey of 3,000 consumers reveals that while over half welcome AI-powered plan suggestions, they expect clear benefits such as faster responses and cost savings. The report also highlights strong demand for guided digital forms and reliable multichannel communication.
Months after the Palisades and Eaton wildfires, policyholders report pervasive delays, denials, and low settlements from the California FAIR Plan, especially related to smoke damage. Regulators have launched enforcement actions and market conduct exams to address systemic shortcomings.
A U.S. appeals court has declared that most tariffs imposed under the International Emergency Economic Powers Act are illegal, although they remain in effect pending appeal through at least October 14. The decision poses new risks for insurers facing changes in trade policy and premium modeling.
Disney will pay $10 million to settle FTC allegations that it allowed unauthorized collection of children’s personal data via YouTube by mislabeling content as not “made for kids.” The company must now implement an audience designation program for its videos.
Focus Of The Week: The auto insurance industry is seeing a surge in consumer shopping and insurer expansion, even as rising vehicle complexity and repair costs add new pressure. These dynamics signal a market balancing aggressive growth with operational challenges.
TransUnion reports a 17.6% year-over-year rise in auto insurance shopping and a 9.2% increase in property insurance shopping in Q2 2025. In the first half of the year, auto shopping climbed 15%, with 42% of shoppers switching carriers and 25% staying with one insurer for more than six years.
As of mid 2025, auto insurers are benefiting from stronger loss ratios, healthy reserves, and adequate pricing strategies, prompting a push toward aggressive market share expansion. Major developments include Sentry’s $1.7 billion acquisition of The General and Munich Re’s record $2.6 billion buyout of NEXT Insurance.
In this expert video, CCC Intelligence’s Kyle Krumlauf breaks down how rising vehicle complexity, especially in EVs and hybrids, and escalating repair costs are reshaping the auto repair sector. Economic pressures and evolving political trends are adding further challenges to claims and cost forecasting.
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