INSURASALES

Nationwide Names Jen Kyung to Lead P&C Business Performance; Cyber Risks Shape Insurance Market

Nationwide appoints Jen Kyung to lead P&C performance amid evolving cyber insurance market dynamics with ransomware, AI risks, and increasing policy demand.

U.S. P&C Insurance Faces Moderate Growth Amid Risks; NJ Workers’ Comp Costs Rise

The U.S. P&C insurance sector anticipates modest premium growth with risks from tariffs, catastrophe losses, and reserve challenges, while New Jersey's rising workers’ compensation medical costs prompt regulatory and market responses.

Texas Insurance Rate Hikes Challenge Housing Affordability Amid Legislative Review

Texas faces a 22% rise in home insurance premiums in 2024, driving legislative efforts to balance insurance regulation and housing affordability through oversight and market-based solutions.

Texas Auto Insurance Rates Surge in 2024, Impacting Dealership Sales

Auto insurance rates in Texas rose to 125% of the national average in 2024, leading to higher buyer walkaways and challenges for dealerships. Integrating insurance solutions can help retain sales.

Natural Disaster Fraud Risks Escalate in Texas, Louisiana, and Florida

A study reveals high levels of scam activity targeting homeowners displaced by natural disasters in Texas, Louisiana, and Florida, highlighting challenges for insurers in fraud detection and claims management.

Patriot Select Enters South Florida Home Insurance Market

Patriot Select, a new home insurer based in St. Petersburg, begins operations in South Florida, expanding options beyond the state's insurer of last resort.

Washington Enacts Law Guaranteeing Independent Auto Damage Appraisals

Washington State's new law mandates independent appraisals for auto insurance damage disputes starting 2026, enhancing consumer rights and claim fairness.

North Texas Homeowners Face 22% Insurance Premium Increase in 2024

North Texas homeowners see a 22% rise in insurance premiums in 2024 driven by increased storm claims and rising material costs, impacting mortgage affordability and lending.

Tariffs on Construction Materials Could Raise U.S. Home Insurance Premiums in 2025

Tariffs on imported construction materials are projected to raise U.S. home insurance premiums by $106 on average in 2025, impacting rebuilding costs and coverage requirements nationwide.

Florida Enacts New Regulatory Framework for Pet Insurance and Wellness Programs

Florida's House Bill 655 introduces comprehensive regulations for pet insurance and wellness programs, enhancing disclosure requirements and marketing practices from 2024.