INSURASALES

Tag: Insurance Industry

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.

TD Cowen Downgrades UnitedHealth Amid Rising Risk and Regulatory Uncertainty

TD Cowen lowers UnitedHealth stock rating and price target due to increased risk and regulatory issues in Medicare Advantage and Medicaid sectors, amid ongoing criminal investigation. Brokerages maintain an outperform stance with long-term valuation upside noted.

Launch Underwriters Names Former MS Transverse Executive as CEO

Launch Underwriters, an MGA platform, appoints a former MS Transverse executive as CEO, expanding its leadership with industry veterans to enhance insurance operations.

Hanover Insurance Reports on Annual Meeting and Positive Analyst Outlook

The Hanover Insurance Group held its annual shareholder meeting on May 13, 2025, approving key governance measures and receiving positive analyst ratings amidst strong financial results in the property and casualty insurance sector.

Sterling Seacrest Pritchard Joins Hanover Insurance President's Club

Sterling Seacrest Pritchard has been named to The Hanover Insurance Group's President's Club, marking top-tier recognition among independent insurance agencies nationwide in 2025.