INSURASALES

Minnesota Program Fraud Exposes Oversight Failures in State and Legislature

Minnesota state programs reveal significant fraud due to failures in executive oversight and legislative resistance. Federal investigations highlight ongoing challenges in public program compliance and accountability.

Top Global Property/Casualty Insurers Show Strong Premium Growth

Explore 2024 trends among the top 50 global property/casualty insurers, featuring premium growth, loss ratio improvements, and shifting market rankings.

State Farm Plans Entry into Massachusetts Home and Auto Insurance Market in 2027

State Farm announces plans to enter Massachusetts home and auto insurance market in 2027, challenging regional insurers and expanding its footprint in the Northeast insurance industry.

Security First Insurance Boosts Florida Operations with Guidewire Cloud Platform

Security First Insurance upgrades Florida homeowners insurance operations using Guidewire's InsuranceNow cloud platform to enhance service agility and operational efficiency in a complex risk environment.

$1 billion in AutoInsurance Refunds as Market Reforms Take Effect

Florida's insurance market sees significant improvements with declining auto and homeowners rates, reduced litigation, increased insurer participation, and regulatory reforms enhancing consumer benefits.

Idaho Insurance Department Reports Stable 2024 Homeowners Market Despite Rising Wildfire Losses

Idaho's Department of Insurance finds wildfire losses rising but homeowners premiums stabilize in 2024 due to prior insurer adjustments and mitigation efforts. Analysis covers non-renewals, premiums, and market dynamics.

AM Best Affirms Superior Credit Ratings for Houston Casualty Group

AM Best affirms A++ financial strength and aa+ credit ratings for Houston Casualty Group and affiliates, highlighting strong balance sheets, underwriting performance, and risk management.

AM Best Downgrades Outlook for CICA Life Insurance Credit Rating

AM Best revises CICA Life Insurance's credit rating outlook to negative citing new business strain and balance sheet pressures. Stable financial strength rating affirmed.

University of Maine System to Switch to Anthem Amid Anthem-Northern Light Contract Dispute

The University of Maine System will switch its health insurance to Anthem starting in 2024, despite ongoing contract disputes between Anthem and Northern Light Health, impacting network access for employees.

Community Paramedics Reduce Hospital Readmissions Under Medicare Penalties

Community paramedics and post-discharge monitoring reduce hospital readmissions and Medicare penalties, improving patient outcomes and cost efficiency in Minnesota hospitals.