INSURASALES

ZestyAI Secures $15M Credit Facility to Expand AI Risk Analytics in P&C Insurance

ZestyAI secures $15 million credit facility to accelerate AI-driven property and climate risk analytics in U.S. property and casualty insurance, enhancing underwriting and regulatory compliance.

YAS and JOIE Launch AI-Driven Usage-Based Insurance for Hybrid Taxis

YAS partners with JOIE to implement an AI-driven usage-based insurance platform for 1,000 hybrid and electric taxis, enhancing safety and operational efficiency.

Steady Federal Rates Sustain High-Yield Savings Account Advantages

Savings account APYs remain stable as Federal Reserve holds rates. High-yield savings and CDs offer strong returns above inflation, benefiting U.S. consumers and financial advisors alike.

Pennsylvania Proposes Major Increase in Auto Property Damage Coverage Minimums

Pennsylvania legislators propose raising auto insurance property damage liability minimums from $5,000 to $25,000 per accident, impacting insurer policy updates and pricing. Learn key details about House Bill 1666 and its market implications.

Auto Insurance Profitability Rising Amid Customer Satisfaction Challenges

U.S. auto insurance premiums have surged over 50% since 2019, boosting insurer profits but causing customer satisfaction to decline. The J.D. Power 2025 study reveals retention challenges and the importance of seamless omnichannel experiences.

Rhode Island Bans Auto Insurance Rate Hikes for Policy Inquiries

Rhode Island law prohibits auto insurers from raising premiums simply because policyholders ask about their coverage, effective 2026. This enhances consumer protections and guides insurer compliance.

California Court Rules Against FAIR Plan's Smoke Damage Claim Practices

California court finds FAIR Plan's smoke damage claim restrictions unlawful, impacting wildfire-related home insurance coverage and insurer liability standards.

Aon Reports Record Global Reinsurance Capacity and Buyer-Friendly Midyear 2025 Market Conditions

Aon reports a global reinsurance capacity exceeding $720 billion in 2025, highlighting improved pricing, terms, and coverage amid record catastrophe bond issuance and robust reinsurer financial results, with regional market insights and outlook to 2026.

National Insurance Awareness Day Promotes Coverage Review and Industry Education

National Insurance Awareness Day on June 28 highlights the importance of reviewing insurance policies, understanding coverage, and staying compliant with evolving regulations for individuals and insurance professionals.

NAIC AI Data Definition Efforts Spur Debate on Regulatory Clarity and Innovation

NAIC's initiative to define third-party data in AI models raises regulatory clarity concerns amid calls for flexible governance to support insurance innovation.