INSURASALES
Progressive's Underwriting Discipline Drives Long-Term Insurance Market Success

Progressive's Underwriting Discipline Drives Long-Term Insurance Market Success

Progressive Insurance's disciplined underwriting and tech innovations underpin sustained profitability and investor returns in the competitive U.S. auto insurance market.

TD Cowen Highlights Mixed Outlook for Casualty Insurance Market

TD Cowen's recent field trip reveals mixed views on casualty insurance pricing, specialty lines potential, reserve adequacy concerns, and cyber risk underwriting challenges.

U.S. Commercial Auto Insurance Posts Over $10 Billion in Losses Amid Rising Claims Costs

The U.S. commercial auto insurance line incurs $10 billion in net underwriting losses over two years due to increased claims costs and adverse loss reserve developments, impacting the P/C insurance market.

Heritage Insurance Shares Surge on Strong Underwriting, Reinsurance Strategy

Heritage Insurance stock rises 11.7% on strong underwriting discipline and enhanced reinsurance program, positioning for growth in property and casualty insurance market.

INSHUR Welcomes Guy Farley to Guide AI and Autonomous Vehicle Insurance Strategy

INSHUR appoints Guy Farley to UK Board of Advisors to drive AI and autonomous vehicle insurance development, signaling a strategic shift in mobility insurance innovation.

U.S. Commercial Auto Insurance Endures Continuous Underwriting Losses in 2024

AM Best reports ongoing underwriting losses in U.S. commercial auto insurance for 14 years, driven by rising loss severity and claims costs despite operational efficiencies and rate increases.

Raymond James Raises Mercury General Price Target to $100 with Strong Buy

Raymond James upgrades Mercury General price target to $100, highlighting strong performance in California auto and homeowners insurance markets with solid combined ratios and growth prospects through 2026.

Bamboo Insurance Expands Personalized Homeowners Coverage to Texas

Bamboo Insurance extends its property-casualty homeowners insurance to Texas, focusing on underserved markets with personalized and accessible coverage solutions backed by White Mountains Investment.

Praxis Reciprocal Exchange Launches as Florida-Based Reciprocal Property Insurer

Praxis Reciprocal Exchange secures regulatory approval to operate as a reciprocal property insurer in Florida, prioritizing policyholder interests and market stability.

California Approves Wildfire Home Hardening Grants Inspired by Wind-Resistant Roof Programs

California's new legislative program offers grants to homeowners for wildfire damage prevention measures, drawing on models from Alabama and Louisiana's wind-resistant roof initiatives. The bill awaits gubernatorial approval and funding details.