INSURASALES

California Lawsuit Challenges Insurer Cost-Shifting Under FAIR Plan Surcharges

Consumer Watchdog sues California Insurance Commissioner over FAIR Plan surcharges, challenging insurer cost-shifting practices and regulatory compliance under wildfire assessments.

S&P Updates Insurer Capital Adequacy Criteria Boosting Rating Stability

S&P Global Ratings updates insurer risk-based capital adequacy criteria, strengthening insurer capital buffers and enhancing credit rating stability amid market volatility and regulatory changes.

USAA Reports $3.9B Profit and Record $48.6B Revenue in 2024 Amid Rising Premiums

USAA achieves $3.9 billion profit and record $48.6 billion revenue in 2024, navigating rising insurance premiums and regulatory challenges. Membership grows past 14 million.

Ryan Specialty to Acquire USQRisk Assets Enhancing Alternative Risk Segment

Ryan Specialty announces acquisition of USQRisk assets to boost its alternative risk insurance capabilities, following multiple strategic acquisitions in the specialty insurance market.

Capgemini Report: Aging Population to Reshape U.S. P&C Insurance Market by 2050

The Capgemini 2025 P&C Insurance Report outlines how aging populations and climate risks will drive innovation in underwriting and product offerings for U.S. insurers.

Louisiana Governor Champions Bipartisan Insurance Rate Regulation Bill

Louisiana Governor Jeff Landry supports bipartisan House Bill 576 to regulate insurance rates, addressing high auto and property premiums through expanded commissioner authority.

Admiral Group to Sell U.S. Auto Insurance Business to J.C. Flowers in 2025

Admiral Group plans to sell its U.S. auto insurance subsidiary Elephant Insurance to investment firm J.C. Flowers, pending regulatory approval, with completion expected by Q4 2025.

Tariffs Could Boost U.S. Home Insurance Costs by $106 in 2025

Tariffs on imported construction materials could raise average U.S. home insurance premiums by $106 in 2025, driven by higher rebuilding costs and supply chain effects.

Xceedance Strengthens Operations and Expands AI Capabilities in Insurance

Xceedance appoints new COO and advances AI and claims management to enhance operational efficiency and global growth in insurance.

Embedded Insurance Outpaces Traditional Channels in Personal Lines Growth

Embedded insurance is the fastest-growing distribution channel in personal lines, surpassing traditional broking and direct-to-consumer models, driven by cost efficiency and enhanced consumer reach.