INSURASALES

House Passes Bill Cutting ACA Subsidies and Medicaid Funding Impacting 14 Million

The House reconciliation bill introduces major ACA subsidy cuts and Medicaid funding reductions, threatening health coverage for 14 million Americans while increasing administrative barriers.

PertaLife Insurance Boosts Capital to Expand Coverage and Digitize Offerings

PertaLife Insurance is increasing its capital by 65% to $61 million to expand coverage of Pertamina Group workers and enhance digital product offerings, driving significant growth in Indonesia's insurance sector.

Prudential's Simplified Solutions Partners with Neutrinos for AI-Powered Life Insurance Distribution

Prudential's Simplified Solutions partners with Neutrinos to leverage AI-driven automation for enhancing life insurance distribution and targeting underserved US markets with lower-cost products.

US Mint Ends Penny Production After Final Penny Blanks Ordered

The US Mint has ordered its final batch of penny blanks and will halt penny production once these are used, signaling changes in U.S. coinage and currency management.

House Passes Tax Reform Bill Extending Key Provisions for Insurance Agencies

The House approved a tax reform bill making permanent key 2017 TCJA deductions important to independent insurance agencies, including an increased Section 199A income deduction rate.

Advisor Jeffrey Cutter Appeals SEC Case Ruling on Insurance Commission Disclosures

Jeffrey Cutter appeals SEC ruling on insurance commission disclosure, challenging regulatory requirements under the Investment Advisers Act and McCarran-Ferguson Act limitations.

US Personal Lines Return to Underwriting Profitability in 2024 Driven by Rate Increases and Claims Moderation

Fitch Ratings reports improved underwriting profitability in US personal lines for 2024, fueled by claims severity moderation, steady frequency, and premium rate hikes. Insights into market performance and trends.

NOAA Forecasts Active 2025 Atlantic Hurricane Season with 13-19 Named Storms

NOAA predicts an active 2025 Atlantic hurricane season with 13-19 named storms. Key insights on preparedness, insurance impacts, and climate factors.

Jury Awards $80M in Wrongful Death Case Involving Unlicensed Driver

Texas jury awards $80 million in wrongful death lawsuit after unlicensed driver causes fatal crash, highlighting legal and insurance liabilities in youth driving incidents.

Insurance Assets Under Management by Third Parties Hit $4.5 Trillion in 2024

Third-party managed insurance assets reach $4.5 trillion in 2024, driven by strong growth in fixed income and private asset investments. Key managers and consultants detailed.