INSURASALES

InvoiceCloud Adds Insurance Innovation Expert Michael Costonis to Board

InvoiceCloud strengthens its leadership with Michael Costonis joining the board to drive strategic growth and digital innovation in insurance payment solutions.

Dental Insurance Market Sees Unsustainable First-Year Pricing and Renewal Rate Pressures

Principal Financial Group highlights unsustainable first-year dental insurance pricing leading to future renewal rate increases, impacting employer dental plan costs through 2026 and beyond.

U.S. Mortgage Rates Need to Drop Below 6% to Boost Housing Market, Experts Say

Mortgage rates must fall below 6% to enhance U.S. housing affordability and stimulate market activity, but experts predict declines won't occur until 2027 or later amid economic uncertainty.

Insurance Industry Advances in MENA Partnerships and AI Governance

Key insurance industry updates include Arthur J. Gallagher's MENA partnership, Allianz Partners UK's travel product expansion, and Cytora's ISO/IEC 42001 AI governance certification enhancing digital insurance frameworks.

Organized Life Insurance Fraud Scheme Uncovered in Connecticut

Connecticut police arrested Ian Pierce for a multi-year life insurance fraud scheme involving fake policies and premium collections, following an investigation by state insurance and law enforcement agencies.

Verisk to Acquire AccuLynx for $2.35B, Enhancing Insurance Claims Tech Ecosystem

Verisk's $2.35B acquisition of AccuLynx strengthens its property insurance claims ecosystem by integrating contractor SaaS workflows and enhancing data-driven restoration services.

Connecticut Man Charged in Scheme Involving Fake Life Insurance Premiums

Connecticut man faces multiple charges for collecting premiums on fake life insurance policies. Case underscores importance of regulatory oversight in insurance industry.

2025 Insurance Industry Growth Supported by Economic and Technological Trends

Conning analysts forecast sustained growth in life/annuity and property/casualty insurance in 2025, driven by economic conditions, regulatory focus, AI adoption, and rising catastrophe and cyber risks.

AMA Report Highlights Market Concentration Among PBMs and Calls for Greater Transparency

The AMA report reveals high market concentration among pharmacy benefit managers (PBMs), vertical integration with insurers, and calls for increased transparency and regulatory reforms to control drug prices and enhance competition.

Financial Sector Leaders Barclays, Cincinnati Financial, and LendingClub Exceed Q2 Earnings Expectations

Barclays, Cincinnati Financial, and LendingClub topped Q2 earnings expectations, showing strong growth and attractive valuations in banking, insurance, and consumer lending sectors.