INSURASALES

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.

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.