INSURASALES

Tag: Insurance Market

Admiral Group to Sell U.S. Auto Insurance Business to J.C. Flowers in 2025

Admiral Group plans to sell its U.S. auto insurance subsidiary Elephant Insurance to investment firm J.C. Flowers, pending regulatory approval, with completion expected by Q4 2025.

Insights on Medicare Affordability Challenges and Reform Implications

Analysis of Medicare affordability challenges highlights systemic issues and the need for reform in traditional Medicare and Medicare Advantage plans affecting coverage and costs.

State Farm Leads U.S. Auto Insurance Market in 2025 with $68B Premiums

State Farm dominates the 2025 U.S. private passenger auto insurance market with $68B in premiums, ahead of Progressive Group. Key developments include a shift in auto glass claims administration to Safelite Solutions, influencing service provider dynamics.

U.S. Surplus Lines Market Growth and NJ Workers’ Compensation Medical Cost Trends in 2024

Explore the 2024 trends in the U.S. surplus lines insurance market with double-digit premium growth and New Jersey's workers’ compensation medical cost challenges amid rising expenses and legislative changes.

Farmers Insurance Cancels 200 Oregon Home Policies Amid Rising Wildfire Risks

Farmers Insurance cancels 200 home policies in Oregon due to rising wildfire risks, causing premium hikes and coverage challenges amid a volatile insurance market.

Florida Welcomes New Home Insurer Patriot Select Amid Market Reforms

Florida's homeowner insurance market grows as Patriot Select enters, increasing competition and offering potentially lower premiums ahead of hurricane season, following recent regulatory reforms.

Independent Insurance Agents Drive Majority of U.S. Property and Casualty Premiums

Independent insurance agents place 62% of U.S. property and casualty premiums and 87% of commercial lines, leveraging diverse offerings and bundling advantages under regulatory compliance.

Alkeme Expands Into Michigan with Crawford Insurance Group Acquisition

California-based private broker Alkeme has entered the Michigan market by acquiring Crawford Insurance Group, highlighting continued agency consolidation in the insurance sector.