The report highlights underwriting gains, improved profitability metrics, and continued financial strength, while also noting persistent challenges from extreme weather, inflation, and line-specific pressures.
Author: Maria Valdez Haubrich
Survey Highlights Car Insurance Switching Trends
A national Consumer Reports survey of more than 40,000 policyholders sheds light on why many people change car insurance companies and how switching patterns affect insurers.
Farmers Group Announces Another Round of Job Cuts Amid Structural Changes
Farmers Group is reducing its workforce again, one year after eliminating 11% of its staff — about 2,400 employees.
Hopkins–UnitedHealthcare Split: Patients Face Coverage Challenges Amid Contract Dispute
A week after Johns Hopkins Medicine and UnitedHealthcare ended their in-network agreement, tens of thousands of patients across Maryland, Virginia, and Washington, D.C., are navigating new hurdles in accessing care.
Tangram Taps INSTANDA for New Security Guard Insurance Product
Tangram Insurance Services, Inc., a national Managing General Agency (MGA), has accelerated the launch of its new general liability product for the security guard industry in partnership with INSTANDA.
Arrowhead Intermediaries Unveils New Structure and Brand Following Integration of One80 Intermediaries
Arrowhead Intermediaries, the newly established parent brand for Bridge Specialty Group, Arrowhead Programs, and One80 Intermediaries, has announced a new organizational structure, leadership framework, and brand identity.
Steadfast Group Acquires Majority Stake in Novum Underwriting Partners
Steadfast Group has announced the acquisition of a majority stake in Novum Underwriting Partners, a U.S.-based specialty underwriting agency and wholesale brokerage.
OIR Issues $2 Million in Penalties Following Hurricane Claims Examinations
The Florida Office of Insurance Regulation has fined eight insurers a total of $2,075,000 for improper claims-handling practices after Hurricanes Ian and Idalia, underscoring its commitment to insurer accountability and consumer protection during hurricane season.
Best’s Market Segment Report: Reinsurance Market for U.S. Mortgage Credit Risk Matures
“Reinsurance Market for US Mortgage Credit Risk Matures,” highlights the continued role of reinsurance in private mortgage insurance and the expanding use of unaffiliated reinsurers.
Study Finds Younger Adults More Willing to Commit Insurance Fraud
A new study from the University of Georgia (UGA) has found that younger adults are significantly more willing to commit insurance fraud compared to older generations.