INSURASALES

Senate Committee Probes Major Insurers on Disaster Claim Payout Reductions

Senate hearing examines allegations of major insurers cutting disaster-related claim payouts amid rising homeowner complaints and regulatory scrutiny.

Garden Valley Fatal Fire Highlights Insurance Challenges and Fire Risks

A deadly Garden Valley fire killed a teen and left his grandmother uninsured after unexpected policy cancellation, underscoring fire risk and insurance challenges.

Texas Insurers Expand AI-Driven Aerial Surveillance for Home Insurance Risk Assessment

Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.

California Approves 17% Emergency Rate Hike for State Farm Home Insurance

California Department of Insurance approves a 17% emergency home insurance premium increase for State Farm to stabilize finances post-LA wildfires. Rate hikes affect 1M homeowners and reflect broader wildfire insurance challenges.

Illinois Appellate Court Enforces Appraisal Clause in State Farm Hail Damage Dispute

Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.

California Fire Victims Face Insurance Challenges Amid State Farm Rate Hike

California fire victims face ongoing challenges with State Farm insurance claims as the state approves a 17% emergency homeowners rate hike amid scrutiny of insurer practices and regulatory responses.

Florida Hurricane Catastrophe Fund Maintains Strong Position Ahead of 2025 Season

The Florida Hurricane Catastrophe Fund remains financially strong for the 2025 hurricane season, providing crucial reinsurance support to private insurers amid market challenges.

United Security Insurance Expands Personal Auto Coverage into Arizona

United Security Insurance Company broadens its personal auto insurance reach by entering the Arizona market through Warrior Insurance Network, enhancing distribution across western states.

Ambac Financial Reports Q1 2025 Results Advancing Specialty P&C Growth

Ambac Financial Group's Q1 2025 earnings show 27% revenue growth driven by specialty P&C expansion and acquisitions with a net loss amid increased expenses.

Launch Underwriters Names Dennis Sparks as CEO to Drive Growth

Launch Underwriters appoints Dennis Sparks as CEO to lead growth and expand its underwriting platform in commercial and personal lines, targeting London and EU markets.