INSURASALES

Group 1 Automotive Q1 Earnings Surpass Expectations with $128.1M Profit

Group 1 Automotive reported first-quarter earnings exceeding analyst estimates with $128.1 million net income and $10.17 adjusted EPS, highlighting robust financial performance in the auto dealership sector.

Global Commercial Insurance Rates Decline 3% in Q1 2025 Amid Casualty Rate Increase

Global commercial insurance rates dropped 3% in Q1 2025, continuing a trend of declining premiums except for a 4% rise in casualty lines driven by US market conditions.

Ohio Jury Clears GATX in $600M East Palestine Train Derailment Settlement

Ohio jury rules GATX not liable for $600M Norfolk Southern settlement over 2023 East Palestine train derailment sparked by railcar bearing failure.

Connecticut Homeowners Face Rising Insurance Non-Renewals Amid Cost Pressures

Connecticut homeowners saw a 45% rise in insurance policy non-renewals in 2023 amid rising repair costs and tariff-related inflation, reflecting national insurance market challenges.

Accelerant Expands Specialty Insurance Platform with Major Re/Insurer Integration

Atlanta-based insurtech Accelerant broadens its specialty insurance risk exchange by adding leading reinsurance and insurance firms to its data-driven platform, signaling increased tech integration in the sector.

MSI Launches CGL Insurance Targeted at Habitational Property Owners

MSI introduces a tailored commercial general liability insurance product for habitational property owners addressing rising risks and capacity challenges in the U.S. market.

Universal Property Denies Liability in South Carolina Lawyer's Criminal Case

Universal Property denies liability for alleged criminal acts by South Carolina lawyer, citing policy exclusions related to property coverage and business activity use.

LABI Advances Strategic Insurance, Infrastructure, and Workforce Initiatives in Louisiana

LABI leads 2024 Louisiana legislative session pushing insurance reform, carbon capture support, early education funding and infrastructure overhaul to boost state's economy.

2025 Hurricane Season Forecast Sparks Focus on Insurance Preparedness

Colorado State University predicts an active 2025 hurricane season, prompting calls for thorough homeowners insurance reviews and documentation to streamline claims and enhance disaster resilience.

Georgia Enacts Litigation Reform Laws Aimed at Reducing Insurance Costs

Georgia Governor Brian Kemp signs new litigation reform laws to limit lawsuits, aiming to reduce insurance costs and improve business conditions statewide.