The Insurance week,distilled.

Everspan Group has entered into a definitive agreement to sell its subsidiary, Providence Washington Insurance Company (PWIC), to Falvey Insurance Group.

TAL Dai-ichi Life Australia has submitted a non-binding proposal to acquire the remaining 79.5% of shares in Challenger Limited at a price of A$11.80 per share.

Vinci Compass Investments Ltd. has agreed to acquire the Brazilian reinsurance platform Austral Resseguradora (AustralRe) for R$336 million.

Slingshot Insurance, an AI-native embedded insurance startup based in Minneapolis, has raised $27 million in seed funding led by Rally Ventures and Skyward Group.

Prudential Financial has entered a definitive agreement to sell its subsidiaries, Prudential of Brazil and Prudential of Mexico, to CNP Assurances.

DXC Technology is in advanced negotiations to sell its insurance software and services division to Eldridge Industries for approximately $2.4 billion.

Oaktree Capital Management has terminated its March 2026 agreement to acquire a controlling stake in South Carolina-based Atlantic Coast Life Insurance Co., a subsidiary of Advantage Capital Holdings.

US insurance defense firm Wood Smith Henning & Berman (WSHB) has secured an investment from Boston-based private equity firm Charlesbank Capital Partners by creating a management services organization (MSO).

Data center tenants are increasingly demanding late-delivery fees of $5 million per day, a significant increase from the $1 million per day reported in the spring of 2026.

Allianz UK has launched an enhanced renewable energy insurance proposition called 'Renewable Energy Select' for sites utilizing multiple technologies, including wind, solar, hydro, biomass, and battery storage.

Insurance broker Marsh has launched two new insurance facilities, Strada and Machina, to support UK construction contractors.

Howden, a global insurance intermediary group, has launched a new Employee Benefits and Pension business in Sweden.

Sompo Insurance Indonesia has officially launched a dedicated general syariah insurance company named PT Sompo Insurance Sharia (Sompo Syariah).

Verve Risk Services has launched a new unit called Verve Professions to provide errors and omissions insurance for mid-market firms in the US, including architects, engineers, law firms, and accountants.

Optio Group has launched a new Amsterdam-based managing general agent (MGA) called Pinnacle Specialty Insurance.

The Federal Emergency Management Agency (FEMA) launched a new online tool on October 20, 2026, allowing residents in nearly 22,700 National Flood Insurance Program (NFIP) communities across the United States to purchase flood insurance directly.

Molina Healthcare reported a third-quarter 2026 profit of $38 million, a decrease from $79 million in the same period of 2025.

Elevance Health Inc. raised its full-year profit guidance following a stronger-than-expected third quarter in 2026.

Chubb reported a Q3 2026 net income of approximately $2.84 billion, a 1.5% increase compared to Q3 2025.

Marsh reported that global commercial insurance premiums declined by an average of 5% in Q3 2026, marking the ninth consecutive quarter of falling rates.

US life insurers increased their investment exposure to the artificial intelligence sector by 24% between January and June 2026.

Gallagher Re reported that global insured losses from natural disasters totaled USD $92 billion for the first nine months of 2026, the lowest figure for this period since 2019.

A trade association has filed a lawsuit against the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS).

A federal judge in New Orleans sentenced a former personal injury attorney to 32 months in prison for orchestrating a staged auto collision scheme.

In May 2026, the U.S. Supreme Court ruled in Montgomery v. Caribe Transport II, LLC that freight brokers can be held liable under state law for negligent hiring and carrier selection.

Nathan Young and David Young, based in Los Angeles, California, were charged by the U.S. Department of Justice with orchestrating a $1.6 billion substance abuse treatment fraud scheme.

Also: 25 Oct — futurism.com

New York state authorities arrested 16 individuals on October 20, 2026, for orchestrating staged car crashes and filing fraudulent insurance claims totaling nearly $500,000.

In the case of Tucker v. Blue Hammer, the U.S. District Court for the District of Colorado ruled on October 19, 2026, that phone calls offering free roof inspections to determine insurance coverage for replacements do not constitute marketing calls under the TCPA.

The US Court of Appeals for the Fifth Circuit ruled in favor of Depositors Insurance Co. in the case Gann v. Depositors Insurance Co., affirming summary judgment regarding a late notice dispute.

On April 9, 2026, the Court of Appeals of Wisconsin ruled that the 'Violation of Law' exclusion in an insurance policy issued by American Family bars coverage for injuries caused by a minor defendant's accidental firearm discharge.

A new report from Cybersecurity Dive indicates that while the frequency of cybersecurity insurance claims among large businesses is decreasing, the cost per claim is rising.

KFF's 2026 annual benchmark health benefits survey reveals that workers' average annual contribution for employer-sponsored family health coverage rose 9% to $7,471, an increase of $621 from 2025.

A new survey by KFF released on October 22, 2026, reveals that annual family health insurance premiums for employer-sponsored plans rose by 5% to $28,303.

The Commonwealth Fund released a report titled 'The State of Health Insurance Coverage in 2026' on October 22, 2026.

The Centers for Medicare and Medicaid Services (CMS) projects that U.S. health spending will reach $6.0 trillion in 2026 and $9.0 trillion by 2034.

Gallagher Re and KatRisk released a report on October 19, 2026, indicating that European flood losses are shifting from traditional urban hotspots to smaller catchments and suburban areas.

The Commonwealth Fund reported that the U.S. uninsured rate rose to 11.2% in 2026, up from 8.9%.