INSURASALES

Auto Insurance Profitability Rising Amid Customer Satisfaction Challenges

U.S. auto insurance premiums have surged over 50% since 2019, boosting insurer profits but causing customer satisfaction to decline. The J.D. Power 2025 study reveals retention challenges and the importance of seamless omnichannel experiences.

Rhode Island Bans Auto Insurance Rate Hikes for Policy Inquiries

Rhode Island law prohibits auto insurers from raising premiums simply because policyholders ask about their coverage, effective 2026. This enhances consumer protections and guides insurer compliance.

California Court Rules Against FAIR Plan's Smoke Damage Claim Practices

California court finds FAIR Plan's smoke damage claim restrictions unlawful, impacting wildfire-related home insurance coverage and insurer liability standards.

Aon Reports Record Global Reinsurance Capacity and Buyer-Friendly Midyear 2025 Market Conditions

Aon reports a global reinsurance capacity exceeding $720 billion in 2025, highlighting improved pricing, terms, and coverage amid record catastrophe bond issuance and robust reinsurer financial results, with regional market insights and outlook to 2026.

Osaic Launches Direct Billing for Fee-Based Variable Annuities

Osaic introduces direct billing for select fee-based variable annuities, simplifying annuity management and enhancing operational efficiency for financial advisors.

mea Platform and ACORD Integrate to Automate Insurance Underwriting and Data Exchange

mea Platform and ACORD Solutions Group partner to integrate AI-driven data extraction with ADEPT, automating insurance underwriting, policy administration, and claims processing.

Actuaries Consider Insured Population Data for Age 80+ Mortality Accuracy

Regulators and actuaries evaluate shifting to insured population data to better capture mortality trends in individuals aged 80+, addressing rising mortality deterioration and socioeconomic impacts on longevity.

LIMRA Reports Decline in Workplace Insurance Sales Amid Early 2025 Economic Softening

LIMRA's Q1 2025 report shows a 16% decline in workplace life insurance and a 15% drop in disability insurance premiums, reflecting early 2025 economic softening.

Saifr Launches AI Agent to Streamline Life Insurance Advertising Compliance

Saifr introduces an AI-driven compliance agent for life insurance and annuity advertising, enhancing regulatory adherence and operational efficiency for insurers.

National Insurance Awareness Day Promotes Coverage Review and Industry Education

National Insurance Awareness Day on June 28 highlights the importance of reviewing insurance policies, understanding coverage, and staying compliant with evolving regulations for individuals and insurance professionals.