INSURASALES

Auto Insurance Profitability Rising Amid Customer Satisfaction Challenges

U.S. auto insurance premiums have surged over 50% since 2019, boosting insurer profits but causing customer satisfaction to decline. The J.D. Power 2025 study reveals retention challenges and the importance of seamless omnichannel experiences.

Rhode Island Bans Auto Insurance Rate Hikes for Policy Inquiries

Rhode Island law prohibits auto insurers from raising premiums simply because policyholders ask about their coverage, effective 2026. This enhances consumer protections and guides insurer compliance.

California Court Rules Against FAIR Plan's Smoke Damage Claim Practices

California court finds FAIR Plan's smoke damage claim restrictions unlawful, impacting wildfire-related home insurance coverage and insurer liability standards.

Aon Reports Record Global Reinsurance Capacity and Buyer-Friendly Midyear 2025 Market Conditions

Aon reports a global reinsurance capacity exceeding $720 billion in 2025, highlighting improved pricing, terms, and coverage amid record catastrophe bond issuance and robust reinsurer financial results, with regional market insights and outlook to 2026.

National Insurance Awareness Day Promotes Coverage Review and Industry Education

National Insurance Awareness Day on June 28 highlights the importance of reviewing insurance policies, understanding coverage, and staying compliant with evolving regulations for individuals and insurance professionals.

NAIC AI Data Definition Efforts Spur Debate on Regulatory Clarity and Innovation

NAIC's initiative to define third-party data in AI models raises regulatory clarity concerns amid calls for flexible governance to support insurance innovation.

Innovations in U.S. Insurance: AI, SaaS, and Strategic Partnerships Drive Market Evolution

Explore how U.S. insurers are leveraging AI, SaaS platforms, and strategic partnerships to enhance risk management, fraud detection, and customer experience across various insurance lines.

PICC Property and Casualty Declares Final Dividend for 2024

PICC Property and Casualty Company Limited announced its final dividend for 2024, detailing dividend rates and payment schedules for shareholders including specifics on currency conversion for H Shares.

Progressive Raises Earnings Estimates Amid AI Energy Infrastructure Investment Trends

The Progressive Corporation's earnings outlook improves with rising investment income and lower expense ratios, set against a backdrop of increasing AI-driven energy infrastructure demand shaping U.S. insurance market trends.

Florida Approves Two New Property Insurers Amid Market Stabilization

Florida Office of Insurance Regulation approves two new property insurers as market reforms lead to rate stabilization and increased profitability in 2024.