INSURASALES

U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses

Commercial auto insurance in the U.S. continues to face underwriting losses for the 14th year, driven by rising claims costs and under-reserving, according to AM Best.

Understanding SR-22 Insurance Endorsements and Cost Implications for High-Risk Drivers

Explore the regulatory role and cost impact of SR-22 insurance endorsements for high-risk drivers, including strategies for compliance and cost management in auto insurance.

Illinois Bill 2691 Proposes Study on Nondriving Factors in Insurance Pricing

Illinois Senate Bill 2691 mandates a study by the Department of Insurance on the impact of nondriving factors like credit scores and occupations on insurance premiums, aiming to enhance transparency and fairness in rate setting by 2027.

TD Cowen Highlights Mixed Outlook for Casualty Insurance Market

TD Cowen's recent field trip reveals mixed views on casualty insurance pricing, specialty lines potential, reserve adequacy concerns, and cyber risk underwriting challenges.

U.S. Commercial Auto Insurance Posts Over $10 Billion in Losses Amid Rising Claims Costs

The U.S. commercial auto insurance line incurs $10 billion in net underwriting losses over two years due to increased claims costs and adverse loss reserve developments, impacting the P/C insurance market.

Heritage Insurance Shares Surge on Strong Underwriting, Reinsurance Strategy

Heritage Insurance stock rises 11.7% on strong underwriting discipline and enhanced reinsurance program, positioning for growth in property and casualty insurance market.

Progressive's Underwriting Discipline Drives Long-Term Insurance Market Success

Progressive Insurance's disciplined underwriting and tech innovations underpin sustained profitability and investor returns in the competitive U.S. auto insurance market.

INSHUR Welcomes Guy Farley to Guide AI and Autonomous Vehicle Insurance Strategy

INSHUR appoints Guy Farley to UK Board of Advisors to drive AI and autonomous vehicle insurance development, signaling a strategic shift in mobility insurance innovation.

U.S. Commercial Auto Insurance Endures Continuous Underwriting Losses in 2024

AM Best reports ongoing underwriting losses in U.S. commercial auto insurance for 14 years, driven by rising loss severity and claims costs despite operational efficiencies and rate increases.

Raymond James Raises Mercury General Price Target to $100 with Strong Buy

Raymond James upgrades Mercury General price target to $100, highlighting strong performance in California auto and homeowners insurance markets with solid combined ratios and growth prospects through 2026.