INSURASALES

Tag: Insurance Industry

UnitedHealth Group Faces Financial Challenges Amid Medicare Cost Pressures

UnitedHealth Group reported financial setbacks in 2025 due to Medicare cost pressures and regulatory changes, prompting leadership shifts and raising stock outlook discussions.

Slide Insurance CEO Pay Surpasses Peers Amid Florida Market Growth

Slide Insurance's CEO Bruce Lucas received over $21 million in 2024, exceeding typical pay in Florida's public insurers during its IPO filing. This highlights compensation trends amid Florida's property insurance growth and regulatory environment.

Former Progressive CEO Glenn Renwick Dies in Florida Car Accident

Glenn Renwick, former CEO and Chairman of Progressive, died in a multi-vehicle accident in Florida. This event has implications for leadership transitions, vehicle safety, and insurance risk assessment.

Investigation into Alleged Unrequested Policy Cancellations at Farmers Insurance in California

An investigation reveals claims of unrequested insurance policy cancellations by Farmers Insurance in California, affecting senior clients and raising compliance concerns. Industry professionals should note implications for customer communication and regulatory oversight.

United Risk Global Strengthens Leadership Amid MGA Market Expansion

United Risk Global enhances leadership team with key executive promotions and strategic hires to support rapid expansion in the MGA insurance market.

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.

State Farm Reports 8,800+ Claims from Severe May Tornadoes, Raises CA Premiums

State Farm and American Family Insurance face thousands of claims from May tornadoes across Midwest states. State Farm authorized a 17% California homeowner premium increase amid rising claims from severe weather.

APCIA Defends Property Casualty Industry's Hurricane Claims Response

APCIA reports $8 billion in hurricane claims settled, defending industry's response amid Senate subcommittee scrutiny over State Farm and Allstate claims practices.

Impact of Tesla and Waymo Robotaxis on Berkshire Hathaway's GEICO Insurance Business

Explore how Tesla and Waymo's autonomous vehicle technologies could disrupt Berkshire Hathaway's GEICO auto insurance business, and what it means for the insurance industry and investors.

U.S. P&C Insurance Combined Ratios Hit Decade Low Amid Rising Costs and Digital Shift

U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.