INSURASALES

Florida Hurricane Catastrophe Fund Maintains Strong Position Ahead of 2025 Season

The Florida Hurricane Catastrophe Fund remains financially strong for the 2025 hurricane season, providing crucial reinsurance support to private insurers amid market challenges.

United Security Insurance Expands Personal Auto Coverage into Arizona

United Security Insurance Company broadens its personal auto insurance reach by entering the Arizona market through Warrior Insurance Network, enhancing distribution across western states.

Ambac Financial Reports Q1 2025 Results Advancing Specialty P&C Growth

Ambac Financial Group's Q1 2025 earnings show 27% revenue growth driven by specialty P&C expansion and acquisitions with a net loss amid increased expenses.

Launch Underwriters Names Dennis Sparks as CEO to Drive Growth

Launch Underwriters appoints Dennis Sparks as CEO to lead growth and expand its underwriting platform in commercial and personal lines, targeting London and EU markets.

Venbrook Names Jeff Lang President of Retail Property & Casualty

Venbrook Group promotes Jeff Lang to President of Retail Property & Casualty, enhancing leadership for national strategy and specialized risk management solutions.

AM Best Hosts Briefing on 2025 Florida Property Insurance Market

AM Best to present a 2025 briefing on Florida's property insurance market amid active hurricane season forecasts. Industry experts to discuss market dynamics and regulatory factors.

MGIS Launches Specialized Disability Insurance Solutions for Doctors

MGIS introduces innovative disability insurance products tailored for doctors, combining flexible group long-term disability coverage with high-limit benefits backed by Reliance Matrix and Lloyd's of London, enhancing income protection in medical practices.

California Fair Plan Surcharges Homeowners to Offset $1 Billion Fire Losses

California FAIR Plan seeks to surcharge homeowners statewide to recover $1 billion in wildfire claims from 2024 Los Angeles fires. Regulatory approval pending, with legal challenges ongoing.

Ambac Financial Posts Q1 2025 P&C Revenue Growth Amid Specialty Segment Pressure

Ambac Financial Group reports 27% revenue growth and 70% premium increase in Q1 2025 P&C operations. Specialty segment faces underwriting challenges, while acquisition bolsters diversification and future growth potential.

TransUnion Identifies Key Trends in Auto and Home Insurance Shopping for 2025

TransUnion's 2025 report reveals rising auto and home insurance shopping, generational shifts in homeownership, and implications for risk segmentation and policy flexibility.