INSURASALES

Tag: Insurance Industry

The Hartford Advances AI-Driven Strategies to Combat Evolving Insurance Fraud

Explore how The Hartford utilizes AI and data science to detect and prevent sophisticated insurance fraud schemes across property-casualty lines, enhancing risk management and reducing losses.

California Insurance Diversity Drives $6.7B Economic Impact and Job Growth

California's insurance sector achieved $6.7 billion economic output and 29,000+ jobs through enhanced supplier diversity, reveals new report by California Department of Insurance.

Global Indemnity's Penn-America Launches New Reinsurance MGA

Global Indemnity Group expands reinsurance capabilities with new MGA led by seasoned executive George Dragonetti, enhancing underwriting and growth.

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.