INSURASALES

RTA Launches Lloyd's-Backed Physical Damage Program for Commercial Auto Insurance

Reliable Transportation Association expands U.S. commercial auto insurance with Lloyd's-backed Physical Damage program. Digital platform enables instant quotes, rewarding safety with competitive pricing.

Florida Auto Insurance Rates Drop 6.5% Following Tort Reform

Florida's top five auto insurers cut rates by 6.5% after legislative tort reforms reduce insurer litigation risks, influencing market-wide rate decreases.

Berkshire Hathaway Q2 Reinsurance Profits Improve While Primary Insurance Faces Challenges

Berkshire Hathaway reports improved Q2 reinsurance underwriting profits due to lower losses and expenses, despite primary insurance challenges linked to Guard.

Berkshire Hathaway Insurance Profit Declines as GEICO Margins Improve

Berkshire Hathaway reports 12% drop in insurance underwriting profit despite GEICO's improved margins. Highlights include Kraft Heinz write-down and management transition.

ACA Marketplace Policy Updates: Eligibility, Tax Credits, and Enrollment Changes

Key updates to ACA Marketplace policies include eligibility expansions, premium tax credit repayment limits, and enhanced enrollment periods, impacting federal budget and market dynamics through 2034.

AXA XL Boosts Americas Wholesale Solutions with Key Leadership Hires

AXA XL appoints Betsy Higgens and Megan Kelley to lead its Americas Wholesale Solutions team, signaling a strategic push in the Excess & Surplus market and insurance product development.

Oregon Homeowners Insurance Sees Significant Premium Rises Amid Wildfire Losses

Oregon's homeowners insurance premiums have surged as insurers grapple with billions in wildfire-related claims since 2020, impacting affordability and market dynamics, especially in wildfire-prone areas.

Illinois Seeks Limits on Socioeconomic Data in Auto Insurance Pricing

Illinois explores restrictions on using socioeconomic data in auto insurance pricing, prompting industry pushback and regulatory debate on fair risk assessment and market stability.

Connecticut Bond Commission Advances $25M for Home Foundation Repairs

Connecticut Bond Commission prepares to approve an additional $25 million to address crumbling home foundations, with insurance surcharges and state bonds totaling over $300 million to resolve the ongoing crisis.

Patriot Select Approved to Take Over 30,000 Policies from Florida's Citizen Property Insurance

Patriot Select gains regulatory backing to assume up to 30,000 personal residential policies from Florida's Citizen Property Insurance, reflecting a strategic risk transfer in the state's insurance market.