Mangrove Property Insurance takes on 30,000 policies from Florida's Citizens Property Insurance as part of state-mandated depopulation to shift risk to private insurers. The move reflects ongoing regulatory approval and market adjustments in Florida's property insurance sector.
Florida's homeowner insurance market grows as Patriot Select enters, increasing competition and offering potentially lower premiums ahead of hurricane season, following recent regulatory reforms.
Review recent key leadership appointments and promotions in the U.S. insurance industry, highlighting strategic enhancements in underwriting, operations, and claims management for major insurers.
California pushes new bills to improve wildfire insurance affordability and availability, focusing on home hardening grants, risk-based pricing, and claims reforms.
New 25% tariffs on imported auto parts will increase U.S. car repair expenses and insurance premiums, impacting both new and used vehicle markets, with significant effects on states like New York and Florida.
The U.S. insurance industry is confronting a significant talent shortage as nearly 400,000 professionals retire, with a projected 6% job growth exacerbating the gap. Industry leaders face challenges in recruitment, retention, and compliance.
Connecticut lawmakers propose legislation to ban insurance premium hikes and policy cancellations based on dog breed, challenging current underwriting practices and liability standards.
Explore how One Inc.'s digital platform transforms insurance claims payments, navigating complex state regulations to enable instant, compliant disbursements and improve policyholder satisfaction.
The U.S. insurance industry faces a significant talent shortage with nearly 400,000 professionals retiring soon and job openings growing 6% over the next decade, highlighting the need for strategic recruitment and technological innovation.
Independent insurance agents place 62% of U.S. property and casualty premiums and 87% of commercial lines, leveraging diverse offerings and bundling advantages under regulatory compliance.
