INSURASALES

Congress Proposes Shift to High-5 Pay Basis for Federal Retirement Benefits Starting 2028

Congress proposes changing federal retirement annuity calculations from high-3 to high-5 pay basis starting 2028, impacting federal employee pensions and government retirement costs.

ASTRO Supports Prior Authorization Reform in Medicare Advantage to Improve Cancer Care

ASTRO backs bipartisan legislation to reform Medicare Advantage prior authorization, aiming to reduce cancer treatment delays and improve care outcomes.

State Farm Reports 8,800+ Claims from Severe May Tornadoes, Raises CA Premiums

State Farm and American Family Insurance face thousands of claims from May tornadoes across Midwest states. State Farm authorized a 17% California homeowner premium increase amid rising claims from severe weather.

Sapiens Secures Contract for State Auto Insurance Claims Modernization

Sapiens International Corporation has been selected by a leading state-run auto insurance organization to modernize claims operations with its ClaimsPro SaaS solution, signaling growth in AI-driven insurance automation and digital transformation.

LexisNexis Q1 2025 U.S. Auto Insurance Demand Shows Strong Shopping and Policy Growth

U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.

Insurance Firms Strengthen Leadership Amid Market Transformation

Key executive appointments at Everest Group, Patriot Growth, Trucordia, Mutual of America, and Roots reflect strategic leadership strengthening and AI integration in the evolving U.S. insurance market.

Roots Appoints Robin Spaulding to Lead AI-Powered Insurance Innovation

Roots names insurance veteran Robin Spaulding as head of insurance to drive AI integration and modernize claims and underwriting for P&C insurers.

Texas Baptists Launch Insurance Program for Church Property and Liability Coverage

The Baptist General Convention of Texas is launching the Texas Baptists Indemnity Program to offer comprehensive, affordable property and liability insurance tailored for Texas Baptist churches, backed by regulatory approval and a $12 million reserve.

CLARA Analytics Unveils AI-Driven Early Fraud Detection in P&C Insurance Claims

CLARA Analytics study reveals AI and machine learning enable detection of potential insurance fraud within two weeks of claim filing, improving early intervention in property and casualty claims.

Florida Insurance Reforms Limit Accountability, Impact Policyholders and Market Stability

Florida's recent insurance reforms have reduced insurer accountability, complicating claims processes and impacting both personal and commercial policyholders amid rising premiums and market instability.