INSURASALES

Insurtech Funding Surges 90% in Q1 2025 Fueled by AI Adoption

Insurtech funding surged 90% in Q1 2025, driven by AI-powered platforms transforming property and casualty insurance. Discover key trends and market insights.

Berkley One Classics Relaunches Collector Vehicle Insurance in Arizona and Michigan

Berkley One Classics relaunched its collector vehicle insurance in Arizona and Michigan with lower rates, enhanced coverage, and new customizable endorsements for vintage car collectors.

Swiss Re Q1 2025: 16% Net Income Growth Amid Revenue Decline and Catastrophe Losses

Swiss Re reports 16% net income increase in Q1 2025 despite an 11% insurance revenue decline and significant catastrophe losses, backed by strong underwriting and investment results.

Georgia Tort Reform and Market Shifts Influence US Insurance Landscape

Explore how Georgia's tort reform, manufacturing tariffs, automotive regulations, and AI advancements are shaping the U.S. insurance industry landscape in 2024.

U.S. P&C Insurance Combined Ratios Hit Decade Low Amid Rising Costs and Digital Shift

U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.

Louisiana Senate Advances Insurance Bill with Debate Over Rate Hike Authority

Louisiana Senate advances House Bill 148, sparking debate over expanding Insurance Commissioner Tim Temple's authority to reject auto insurance rate hikes amid rising premiums.

IAG to Acquire RAC WA Insurance Business, Adding $1.5B to GWP

Insurance Australia Group (IAG) will acquire the RAC WA insurance business for $1.35 billion, boosting its gross written premium by $1.5 billion. The deal, pending ACCC approval, includes a 20-year exclusive distribution and brand licensing agreement.

Louisiana Moves to Governor-Appointed Insurance Commissioner to Reduce Political Influence

Louisiana Senate approves bill to shift insurance commissioner from elected to governor-appointed position, aiming to reduce political influence and improve industry oversight.

Launch Underwriters Names Former MS Transverse Executive as CEO

Launch Underwriters, an MGA platform, appoints a former MS Transverse executive as CEO, expanding its leadership with industry veterans to enhance insurance operations.

KATES Detective & Security Services Files Lawsuit Over Negligent Insurance Procurement

KATES Detective & Security Services Agency files lawsuit against insurance brokers for negligent insurance procurement, underscoring risks in corporate insurance coverage and broker responsibilities.