INSURASALES
U.S. P&C Insurance Industry Shows Resilience Amid Rate Declines and Rising Catastrophe Losses

U.S. P&C Insurance Industry Shows Resilience Amid Rate Declines and Rising Catastrophe Losses

Explore how the U.S. property and casualty insurance industry navigates declining global rates, rising catastrophe losses, and technology adoption, with key growth insights from Palomar Holdings, W.R. Berkley, and Axis Capital.

U.S. Economy Faces 'Quadruple Threat' Impacting Insurance and Market Stability

U.S. Economy Faces 'Quadruple Threat' Impacting Insurance and Market Stability

Explore the impact of the 2024 'quadruple threat' on the U.S. economy, including auto strikes, government shutdown risks, student loan repayments, and rising oil prices affecting insurance and market stability.

U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses

U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses

Commercial auto insurance in the U.S. continues to face underwriting losses for the 14th year, driven by rising claims costs and under-reserving, according to AM Best.

U.S. E&S Insurance Market Sees Modest Property Rate Declines, Variable Casualty Pricing

Explore the U.S. Excess and Surplus (E&S) insurance market trends featuring modest property rate decreases, variable casualty pricing, and the rising use of AI-driven underwriting technology.

Kin Launches Data-Driven Home Insurance in Missouri for Severe Weather Risks

Kin expands digital home insurance into Missouri using advanced data analytics to tackle severe weather risks with precise, fair pricing and streamlined claims.

USAA Agrees to $5M Settlement Over Maryland Auto Insurance Late Fee Lawsuit

USAA to pay $5 million to settle Maryland class-action lawsuit alleging unlawful late fees on auto insurance policies. Settlement pending court approval.

California Consumer Group Proposes Homeowner Insurance Rights Initiative

A new California ballot initiative proposes requiring insurers to cover fireproofed homes or face penalties, amid ongoing wildfire insurance market challenges and regulatory debates.

Bamboo Insurance Expands into Texas Homeowners Market with Tailored Offerings

Bamboo Insurance enters the Texas homeowners insurance market, offering personalized and transparent insurance products amid market withdrawals. This expansion expands coverage options and exemplifies evolving insurance strategies in Texas.

Understanding SR-22 Insurance Endorsements and Cost Implications for High-Risk Drivers

Explore the regulatory role and cost impact of SR-22 insurance endorsements for high-risk drivers, including strategies for compliance and cost management in auto insurance.

Illinois Bill 2691 Proposes Study on Nondriving Factors in Insurance Pricing

Illinois Senate Bill 2691 mandates a study by the Department of Insurance on the impact of nondriving factors like credit scores and occupations on insurance premiums, aiming to enhance transparency and fairness in rate setting by 2027.