The NAIC is urged to recommend stronger consumer transparency and appeal rights related to undisclosed risk characteristics in property and casualty insurance, addressing rising premiums and coverage issues.
Chubb appoints Kim Hare as senior VP of North America property claims to enhance claims strategy and digital experience amid evolving market demands.
The U.S. captive reinsurance sector continues steady growth with rising profitability and expanded market penetration, driven by rate increases and regulatory updates.
CCC Intelligent Solutions and Elitek enhance collision repair automation with AI-driven workflows, boosting efficiency in the P&C insurance claims process.
Wall Street sets cautious price targets on Kratos, Trimble, and Selective Insurance Group amid market volatility and tariff impacts. Analyze valuation ratios and market recovery trends relevant to insurance professionals.
Chubb Limited promotes Steve Haney to President and CUO of Global Surety and Teresa Black to Division President of North America Surety, signaling strategic leadership in underwriting and profit management within its Surety business segment.
ALIRT Research reports on the rapid growth of foreign reinsurance in the U.S. life insurance and annuity sectors, exploring regulatory implications and industry impact.
Majority of Florida homeowners continue to face rising insurance premiums despite recent legal reforms and new market insurers. Data from state regulators shows ongoing rate pressures amid inflation and market restructuring.
Despite recent legal reforms and new insurers entering the market, most Florida homeowners continue to experience rising home insurance premiums. Data shows varied insurer performance with Citizens Property Insurance reducing premiums but shrinking in policy count. Market competition grows in South Florida, yet overall costs trend upward due to inflation and underwriting dynamics.
Analysis reveals teen drivers cause average auto insurance premium increases of 157.9%, with state-by-state variations and gender pricing gaps. Strategies can reduce costs by up to 40%.
