NAMIC Report Highlights Growing Commercial Demand for Mutual Insurance
NAMIC's 2025 Mutual Factor report reveals increased commercial market preference for mutual insurance companies and improved financial metrics.
New Legislation Targets Insurance Industry Consolidation in Healthcare
New US legislation aims to prevent insurance companies from acquiring independent health clinics, addressing rising healthcare costs and market consolidation.
California SB 766 CARS Rule Impacts Auto Finance Compliance
Explore how California SB 766, the CARS Rule, introduces new auto finance compliance requirements including changes to cancellation and record retention, affecting legal and operational practices.
Washington Advances Broader Access to Alternative Assets in 401(k) Plans
Washington regulators are advancing frameworks to expand 401(k) plan access to alternative assets including private equity, real estate, and cryptocurrencies, affecting fiduciary and insurance market dynamics.
PICC Property & Casualty Co Updates Governance Structure with New Employee Director
PICC Property & Casualty Co announces election of new employee representative director and dissolves supervisory committee, marking key governance changes in the China insurance sector.
Market Update: Tariff Continuation, OPEC+ Output Increase, and Labor Official Dismissal
Stay informed on the latest market developments including tariff continuation, OPEC+ output changes, and labor official changes impacting the economic landscape relevant to U.S. insurance professionals.
Q2 US Commercial Insurance Sees Casualty Rate Rise Amid Nuclear Jury Verdicts
Q2 sees overall commercial insurance rates dip globally, but US casualty insurance rates rise sharply due to frequent nuclear jury verdicts exceeding $10 million, impacting insurance pricing and claims trends.
Paula P. Gerstenberger: Trailblazer in Life Insurance and Financial Services
Learn about Paula P. Gerstenberger's pioneering career in life insurance sales management and her impact on the financial services industry, focusing on supplemental retirement plans and women's leadership.
Allstate Sees Decline in Q2 Catastrophe Losses Following Early-Year Wildfires
Allstate reported a drop in second-quarter catastrophe losses to $1.99 billion from $2.12 billion year-over-year, driven by fewer claims from California wildfires and wind events. This decline, combined with premium growth, bolstered the insurer's Q2 financial results.
Key Insurance Industry Acquisitions Expand U.S. Market Footprint in 2024
In 2024, major acquisitions in the U.S. insurance sector are enhancing service capabilities and expanding geographic reach, with moves into aviation, employee benefits, and banking services.