INSURASALES

Progressive Tops U.S. Auto Insurance Market in 2024 with 16.4% Share

Progressive Insurance leads U.S. auto insurance market in 2024 with 16.4% share, surpassing State Farm. DPW growth highlights sector competition.

Eastern U.S. Heat Wave Triggers Power Grid Strains and Blackouts

Extreme heat in the eastern U.S. is causing power grid strains and blackouts, with utilities issuing alerts and urging energy conservation during peak demand.

U.S. Insurance Industry Growth Driven by Pricing, Catastrophe Losses, and Tech Innovation in 2025

The U.S. insurance industry is set for robust growth in 2025 fueled by better pricing, catastrophe-driven renewals, and technology investments. Sector outperforms broader markets as companies focus on underwriting, premium hikes, and operational efficiency.

Carbon Underwriting Policies Drive Significant Reduction in Coal Insurance Coverage

Research shows carbon underwriting policies significantly reduce coal mine insurance coverage, impacting production, employment, and mine viability, with European insurers leading reform efforts.

Kingstone Boosts Catastrophe Reinsurance Limit by 57% for 2025/2026

Kingstone Companies increases 2025/2026 catastrophe reinsurance limit by 57%, incorporating a $125 million cat bond under Rule 144A, optimizing coverage cost and supporting growth.

Nationwide Survey Reveals Digital Gaps and Opportunities in Annuity Sales

A 2024 Nationwide survey exposes technology gaps in annuity sales and highlights efforts to enhance fintech adoption among U.S. financial professionals for streamlined client services.

Global Health Insurance Market to Reach $4.45T by 2032 with Asia-Pacific Growth Leading

The global health insurance market is set to grow rapidly to $4.45 trillion by 2032, led by Asia-Pacific expansion and increased healthcare spending, while emerging markets show low insurance coverage rates.

Major U.S. Insurers Commit to Streamlining Prior Authorization by 2027

Top U.S. insurers including Blue Cross Blue Shield, Humana, Cigna, and UnitedHealthCare pledge to streamline prior authorization by 2027, improving patient access and reducing provider burden.

US Health Insurers Pledge to Simplify Prior Authorization by 2027

Major US health insurers commit to streamlining prior authorization to speed medical approvals and reduce patient/provider friction by 2027.

U.S. Tariffs on Medical Imports Prompt Health Plan Premium Increases for 2025

Tariffs on medical imports have led U.S. health plans to plan premium increases for 2025 due to rising drug and device costs, impacting payer pricing strategies and market outlooks.