INSURASALES

Tag: Insurance Industry

Hanover Insurance Leads Specialty Growth with Tech-Driven Strategy in P&C Market

Hanover Insurance Group excels in the U.S. property and casualty sector by leveraging technology and strategic diversification for specialty insurance growth and strong dividend yield. Market leaders like Progressive and Heritage also pursue targeted growth and underwriting discipline.

Group 1001 Names Derek Towriss President of Gainbridge Insurance Agency

Group 1001 Insurance appoints Derek Towriss as President of Gainbridge Insurance Agency, advancing leadership in annuities and insurtech innovation.

USAA Appoints Rob Arena as President of Life Insurance Company

USAA appoints Rob Arena as President of USAA Life Insurance Company to drive growth and innovation in life and retirement solutions for military families.

Federal Government Shutdown Looms: Impact on Healthcare and Insurance Sectors

The impending U.S. federal government shutdown threatens major disruptions in healthcare funding, federal employee furloughs, and regulatory delays impacting insurers and providers. Key agencies like HHS and FDA face operational challenges amid budget impasses.

NY Federal Judge Dismisses GE Pension Risk Transfer Lawsuit

A New York judge dismissed a lawsuit challenging General Electric's pension risk transfer to Athene, affirming the legality of PRT deals under ERISA and supporting insurer participation in pension risk markets.

Progressive Reports Record 26 Million Personal Auto Policies in Force in August 2025

Progressive reports a record 26 million personal auto insurance policies in force in August 2025, with 16.5% year-over-year growth continuing its expansion in the auto insurance market.

U.S. Commercial Auto Insurance Sector Posts $10B Underwriting Losses in Two Years

AM Best report reveals $10 billion underwriting losses in U.S. commercial auto insurance over two years, driven by loss severity, social inflation, and reserve issues.

Inszone Insurance Expands Texas Footprint with Acquisition of Head Insurance

Inszone Insurance Services acquires Texas-based Head Insurance, enhancing its national platform with over a century of local expertise and expanding client access to broader coverage options and technology.

AM Best Affirms Strong Ratings for American Family Mutual Insurance and Affiliates

AM Best affirms A (Excellent) Financial Strength Ratings and stable outlooks for American Family Mutual Insurance Company and affiliates, citing strong capitalization and operational performance.

Guidewire Software Shows Strong Growth and Operational Efficiency in Insurance Tech

Guidewire Software delivers strong financial results with 26% stock gain and efficient customer acquisition, boosting its position in insurance technology.