October 26, 2026

Allstate said on October 15, 2026 that September catastrophe losses were $220 million pre-tax, bringing third-quarter losses to $1.65 billion, while trade coverage shows monthly losses of $3.37 billion from April through September and details of the catastrophe bond and aggregate reinsurance that sit above them.

FEMA has opened direct online quotes and purchases of National Flood Insurance Program policies through FloodSmart.gov in nearly 22,700 communities, while the program's authorization runs out on December 12 and the agency's administrator says states must build their own reserves.

Victoria has gazetted mandatory flood planning provisions with five Flood Risk Ratings from FRR1 to FRR5, and the Insurance Council of Australia backs the change while arguing that insurers also need the latest flood maps, as APRA data show home premiums rising far faster than wages.

The Insurance Bureau of Canada's October 2026 report on the Canadian cyber insurance market credits better underwriting for stability since the 2019 to 2021 ransomware peak, while flagging correlated losses from shared cloud and AI providers and a small-business gap in which only 22% have cover.

Moody's Ratings expects the outlook for UK life and property and casualty insurers to stay stable, with revenue holding up, but says weaker pricing and rising claims costs are likely to weigh more heavily on underwriting margins in 2027 while bulk annuity competition narrows life margins.

ICICI Lombard reported second-quarter FY27 net profit of ₹946 crore on the 1/n accounting basis, up about 15.5%, as investment gains offset a combined ratio of 107% and a 3% rise in gross direct premium that trailed the industry's 7%, with retail health up 64% and fire premiums down 21%.