INSURASALES

Rising Homeowners Insurance Rates Reflect Increased Tornado and Hailstorm Risks

Homeowners insurance premiums rise sharply in tornado-prone U.S. states due to increased hail damage claims and changing severe weather patterns. Insurers adjust rates and coverage amid evolving risks.

US Mint Ends Penny Production After Final Penny Blanks Ordered

The US Mint has ordered its final batch of penny blanks and will halt penny production once these are used, signaling changes in U.S. coinage and currency management.

House Passes Tax Reform Bill Extending Key Provisions for Insurance Agencies

The House approved a tax reform bill making permanent key 2017 TCJA deductions important to independent insurance agencies, including an increased Section 199A income deduction rate.

US Personal Lines Return to Underwriting Profitability in 2024 Driven by Rate Increases and Claims Moderation

Fitch Ratings reports improved underwriting profitability in US personal lines for 2024, fueled by claims severity moderation, steady frequency, and premium rate hikes. Insights into market performance and trends.

NOAA Forecasts Active 2025 Atlantic Hurricane Season with 13-19 Named Storms

NOAA predicts an active 2025 Atlantic hurricane season with 13-19 named storms. Key insights on preparedness, insurance impacts, and climate factors.

Jury Awards $80M in Wrongful Death Case Involving Unlicensed Driver

Texas jury awards $80 million in wrongful death lawsuit after unlicensed driver causes fatal crash, highlighting legal and insurance liabilities in youth driving incidents.

Louisiana Advances Tax Credit for Fortified Roofs Amid Insurance Crisis

Louisiana Senate advances SB-28 to offer up to $10,000 tax credits for fortified roofs, aiming to reduce home insurance losses and stabilize rising premiums.

Texas Moves to Ban Hemp-Derived THC Consumables, Weighs Regulation and Market Impact

Texas is set to ban hemp-derived THC consumables like gummies and edibles, excluding non-intoxicating CBD and CBG products, amid market and regulatory concerns. The move impacts an $8 billion industry, reflecting ongoing challenges in hemp product oversight.

United Fire Group Elects Three Directors to Board for 2025-2028 Term

United Fire Group completes 2025 shareholder vote, electing three directors to its board for the 2025-2028 term, ensuring strong governance in the property and casualty insurance market.

Hartford Insurance Group Declares Quarterly Dividend Amid Steady Market Valuation

Hartford Insurance Group (NYSE:HIG) declared a $0.52 quarterly dividend, reflecting steady performance with a 1.58% yield and diversified insurance operations across Commercial and Personal Lines.