Wisconsin Insurance News & Industry Updates

Hurricane Melissa makes history as first Cat 5 to strike Jamaica, triggering a $150M catastrophe bond payout. Wisconsin celebrates 10th straight year of workers' comp rate decreases, but faces looming ACA premium crisis with increases of 39-85% for 2026. Plus: AI transforms claims processing, cyber market hits $16B, and an iPhone disappears inside a cow.

Record-breaking LA wildfires cause $40B in insured losses. M&A activity drops to lowest level since 2008 financial crisis. Major insurers Aflac and Allianz hit by sophisticated cyber attacks from Scattered Spider collective. Wisconsin OCI issues first-ever insurance fraud forfeiture. Plus: a burglar survives on dog food and wins $500K.

Embedded insurance market explodes to $210B with 35% annual growth projected. Wisconsin becomes 24th state to adopt NAIC AI bulletin. Wisconsin auto rates finally stabilize at 3% increase vs. 22% spike the prior year. "Agentic AI" emerges as the next frontier. Plus: satellite imagery leads to bizarre non-renewal dispute.

Commissioner Houdek issues landmark AI bulletin. M&A heats up with Gallagher's $13.45B AssuredPartners deal facing regulatory scrutiny. P&C carriers post best underwriting results since 2007. NAIC calls for elimination of Federal Insurance Office. Plus: four arrested in "Operation Bear Claw" for bear-costume fraud scheme.