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Houthis’ Red Sea Attacks Prompt London Insurers to Widen High-Risk Zone
Insurance Journal | July 30, 2026
Houthis’ Red Sea Attacks Prompt London Insurers to Widen High-Risk Zone
Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea. The Joint War Committee comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance …
Hippo Sees Q2 Net Income Jump on Casualty, Commercial Lines Growth
Insurance Journal | July 30, 2026
Hippo Sees Q2 Net Income Jump on Casualty, Commercial Lines Growth
Insurtech Hippo posted net income for the second quarter 2026 of $10.1 million compared with about $1.3 million for the period a year ago. For the first six months of 2026, net income at the San Jose, California-based insurer was …
Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence
Insurance Journal | July 30, 2026
Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.”We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” …
US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls
Insurance Journal | July 30, 2026
US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls
The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced …
Drone Strike at Egypt’s Damietta Port Raises New Security Threat Near Suez
Insurance Journal | July 30, 2026
Drone Strike at Egypt’s Damietta Port Raises New Security Threat Near Suez
A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe export route for Saudi …
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
Insurance Journal | July 30, 2026
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
Insurance Journal | July 30, 2026
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
One theme that has come up repeatedly in conversations with reinsurance brokers recently is that achieving a good renewal outcome is no longer always enough to demonstrate value. That would have sounded like a strange concern a few years ago. …
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base
Insurance Journal | July 30, 2026
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base
Insurtech Lemonade reported a second quarter 2026 net loss of about $43 million compared with a loss of about $44 million during the same time in 2025. Lemonade said its topline growth was positive, with 76% increase in year-over-year gross …
Florida’s Universal Basking in the Sunshine of Legislative Changes
Insurance Journal | July 30, 2026
Florida’s Universal Basking in the Sunshine of Legislative Changes
Universal Property & Casualty Insurance Co., now Florida’s second-largest property insurer behind only State Farm Florida, continues to rebound from the dark days of Florida’s insurance crisis, with new policies, higher profits and an improved combined ratio. CEO Stephen Donaghy …
Utica National Teams Up With NFL’s Buffalo Bills
Insurance Journal | July 29, 2026
Utica National Teams Up With NFL’s Buffalo Bills
Utica National Insurance Group announced a partnership with the National Football League’s Buffalo Bills. Utica will become the “official home, auto, and business insurance partner” of the team. As the football season approaches, Utica National said it will roll out …