In 2024, the US property and casualty insurance industry reported a record underwriting profit of nearly $27 billion, recovering from losses in previous years. Key insights on market trends and major insurer performance are discussed.
The Florida appellate court reversed an attorney fee award due to lack of justification in a property damage claim. Essential findings were required but not provided.
Integrity Marketing Group partners with The Elite Agency to enhance life insurance access for underserved communities using advanced technology and resources.
Tesla drivers face skyrocketing insurance premiums, increasing 30% for Model 3 due to CEO's controversies and rising vandalism risks.
American National Insurance Company offers fixed annuity products online, enhancing digital access for consumers.
Patina introduces its Total Health service to enhance care for Medicare Advantage members, focusing on personalized, age-friendly healthcare and value-based outcomes.
State Farm receives approval to increase insurance rates for homeowners and renters in California amid financial challenges following wildfires.
Allianz SE sells its 26% stake in Bajaj Allianz to Bajaj Group for €2.6B, aiming to reinvest in India's growth market.
Allianz showcases strong financial performance in 2024 with increased DPS and share buy-back volumes.
KFF predicts continued growth of Medicare Advantage through 2034, with Aveanna Healthcare gaining from strategic initiatives.
