INSURASALES

Tag: Insurance Industry

Global Indemnity Appoints Jason Murgio to Board to Drive Growth

Global Indemnity Group appoints Jason C. Murgio to its Board, emphasizing growth and innovation in insurance mergers and acquisitions. Murgio's experience will support GBLI's strategic direction.

Car Insurers Shift Focus from Speeding Tickets to Suspended Licenses

Car insurance companies are prioritizing suspended licenses over speeding tickets in underwriting and pricing strategies, indicating an evolving approach to risk assessment.

NOAA's Climate Disaster Data Cut Risks Higher Insurance Costs and Market Transparency

NOAA's decision to stop updating its billion-dollar weather disaster database may increase U.S. insurance costs and reduce market transparency amid rising climate-related risks.

Insurers Face Trust, Complexity Hurdles Among Gen Z and Millennials

Insurers targeting Gen Z and millennials face challenges including low trust and product complexity. Simplifying purchases and enhancing financial education are key to engagement.

Travelers Companies Reports Strong Q1 Revenue Growth, Stock Outperforms S&P 500

Travelers Companies posts robust Q1 revenue and adjusted earnings, outpacing S&P 500 gains with a "Moderate Buy" analyst rating. Key insights on TRV stock performance and market position.

UnitedHealth CEO Andrew Witty Retires Amid Financial Challenges

UnitedHealth Group's former CEO Andrew Witty retires following financial setbacks and leadership transition. CEO Stephen Hemsley initiates independent reviews of risk adjustment and managed care practices.

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.