INSURASALES

California FAIR Plan Faces Rising Claims and Scrutiny After Los Angeles Wildfires

The California FAIR Plan sees a surge in wildfire claims and policyholders after LA fires amid private insurer withdrawals, facing financial strain and legal scrutiny.

Progressive Q1 Earnings Show 10% Profit Growth and Strong Auto Premium Gains

Progressive's Q1 2025 results reveal a 10% profit increase, 25% growth in auto premiums, and strategic AI investments driving operational efficiency. NAIC data confirms its position as the second-largest U.S. personal auto insurer.

Florida's No-Fault Auto Insurance Drives Up Premiums for Safe Drivers

Florida's no-fault auto insurance system raises premiums for safe drivers by spreading accident costs statewide. Legislative change and state-run insurance options could reshape affordability and driver accountability.

Admiral Group to Sell U.S. Elephant Auto Insurance to J.C. Flowers

Admiral Group PLC agrees to sell U.S. motor insurance brand Elephant Insurance to J.C. Flowers & Co., shifting ownership to the U.S. with growth and profitability gains.

California Lawsuit Challenges Insurer Cost-Shifting Under FAIR Plan Surcharges

Consumer Watchdog sues California Insurance Commissioner over FAIR Plan surcharges, challenging insurer cost-shifting practices and regulatory compliance under wildfire assessments.

S&P Updates Insurer Capital Adequacy Criteria Boosting Rating Stability

S&P Global Ratings updates insurer risk-based capital adequacy criteria, strengthening insurer capital buffers and enhancing credit rating stability amid market volatility and regulatory changes.

USAA Reports $3.9B Profit and Record $48.6B Revenue in 2024 Amid Rising Premiums

USAA achieves $3.9 billion profit and record $48.6 billion revenue in 2024, navigating rising insurance premiums and regulatory challenges. Membership grows past 14 million.

Ryan Specialty to Acquire USQRisk Assets Enhancing Alternative Risk Segment

Ryan Specialty announces acquisition of USQRisk assets to boost its alternative risk insurance capabilities, following multiple strategic acquisitions in the specialty insurance market.

Capgemini Report: Aging Population to Reshape U.S. P&C Insurance Market by 2050

The Capgemini 2025 P&C Insurance Report outlines how aging populations and climate risks will drive innovation in underwriting and product offerings for U.S. insurers.

Louisiana Governor Champions Bipartisan Insurance Rate Regulation Bill

Louisiana Governor Jeff Landry supports bipartisan House Bill 576 to regulate insurance rates, addressing high auto and property premiums through expanded commissioner authority.