INSURASALES
Rising Legal Risks Drive Commercial Auto Insurance Premiums Higher in 2024

Rising Legal Risks Drive Commercial Auto Insurance Premiums Higher in 2024

Commercial auto insurance premiums increased up to 29% in Q2 2024, driven by legal challenges and high-value verdicts. Industry reports predict continued cost rise in 2025, impacting trucking carriers' margins.

Rising Auto Insurance Costs Drive Coverage Cuts and Higher Uninsured Rates

Rising Auto Insurance Costs Drive Coverage Cuts and Higher Uninsured Rates

LendingTree survey reveals rising auto insurance costs are causing increased uninsured rates and coverage reductions, with drivers cutting expenses to afford policies.

Q2 2025 Results Show Varied Performance Among U.S. P&C Insurers

Q2 2025 earnings reveal mixed results for U.S. property & casualty insurers, highlighting key drivers like underwriting margins, catastrophe losses, and interest rates impacting revenue and stock performance.

California Advances Car Dealer Fee Transparency Bill Reflecting Federal Efforts

California is advancing a bill to regulate car dealer fees, banning junk fees, requiring full price transparency, and establishing a used car return period. This follows previous federal efforts and could reshape auto retail practices.

Specialty Insurers Boost Leadership to Drive Growth and Operations

Specialty insurance firms H.W. Kaufman Group, CRC Group, and AM Specialty Insurance announce key leadership changes to enhance underwriting expertise, operations, and strategic growth in the U.S. and global markets.

Sapiens Launches Version 13 of CoreSuite P&C with AI-Driven Underwriting Enhancements

Sapiens releases Version 13.0 of CoreSuite for Property & Casualty, enhancing AI-driven underwriting, claims, and billing capabilities to optimize insurer operations in North America.

2025 Property Catastrophe Reinsurance Prices Set to Soften with Stable Terms

Property catastrophe reinsurance prices expected to soften in late 2025 with stable terms and retentions. Aggregate coverage offerings remain limited amid disciplined reinsurer market strategies.

7th Circuit Reverses Class Action Status in Progressive ACV Undervaluation Case

The 7th Circuit reverses class action status in a lawsuit against Progressive over disputed methods in actual cash value calculations for total loss vehicles, highlighting judicial nuances in insurer obligations and class certification standards.

Wisconsin Floods Reveal Homeowners and Renters Insurance Coverage Gaps

Recent flooding in Wisconsin highlights homeowners and renters insurance typically excludes flood damage. Separate flood insurance is crucial for protection.

Mercury Insurance Emphasizes Fall Home Maintenance to Reduce Claims

Mercury Insurance highlights simple fall home maintenance steps to reduce weather damage claims and protect homeowners this autumn.