INSURASALES

Tag: Insurance Market

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.