1+ week, 4+ day ago (417+ words) ATLANTA, Nov. 19, 2025 /PRNewswire/ -- Shopping for auto insurance remained in high gear through the third quarter of 2025, according to the latest'U.S. Insurance Demand Meter from LexisNexis" Risk Solutions. The quarterly year-over-year shopping growth rate registered as "Hot" at 6.4% for Q3, while new policy growth came in "Warm" at 2.8%. Shopping Growth Remains Hot: U.S. auto policy shopping rose to 6.4% year-over-year in Q3, maintaining a "Hot" reading, but was down from the 9.4% increase in Q2. New Policy Activity Still Warm: New policy growth increased 2.8% year-over-year, down from 3.6% last quarter. Older Shoppers Drive Growth: Policyholders aged 66 and older exhibited the highest growth rate, outpacing younger cohorts with a 10% increase in shopping growth. Direct Channel Maintains Momentum: Again, the direct channel posted strong shopping growth (14.1%), while exclusive and independent agency channels experienced declines compared to Q2. Exclusive channel growth slid to -0.8% but independent channel growth was 2.8% Consumers aged 66 and older,…...

2+ week, 3+ day ago (246+ words) Quarter over quarter, relative Q1 2025 results showed average renewal rate change decreased across all lines of the most commonly placed Commercial Lines categories, including Real Estate Property, Business and Professional Services, Construction, Hospitality Services, and Retail Services.Significant findings include: Business and Professional Services:Q3 2025 premium renewal rate change averagewas 2.72%, down from the Q2 2025 average of 3.00%. Construction, Erection, and Installation Services:Premium renewal rate change averagewas 2.81% for the quarter, down from the Q2 2025 average of 3.56%. Hospitality Services:Q3 2025 premium renewal rate change average was 2.33%, down from the Q2 2025 average of 4.53%. Real Estate Property:Premium renewal rate change average was 2.41% for the quarter, down from the Q2 2025 average of 3.38%. Retail Services:Premium renewal rate change averaged 3.90%, down relative to the Q2 2025 average of 4.62%. "We are seeing acontinued softening of the market across all commercial lines of business, both compared to Q3 last year and Q2 this year," said Steve Whitelaw, SVP…...

3+ week, 6+ day ago (338+ words) Philadelphia Insurance Companies (PHLY) has announced the acquisition of the Collector Vehicle business from Ignyte Insurance, a Carlyle-backed portfolio company, in a transaction valued at $615m. This collector vehicle insurance acquisition brings four names " American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly and Heacock Classic " under the PHLY umbrella. The acquired business is headquartered in Mt. Laurel, New Jersey. With decades of experience in the collector vehicle market, these brands provide insurance for a wide array of specialty vehicles including antiques, hot rods, exotics, motorcycles and classic trucks. Together, they serve hundreds of thousands of policyholders across the US and add more than 250 employees with significant expertise to PHLY's specialty segment. The acquisition complements PHLY's long-standing partnership with the James A. Grundy Agency, based in Horsham, Pennsylvania, and provides collector vehicle coverage. These brands have a significant presence in the greater Philadelphia area....

3+ week, 5+ day ago (309+ words) Alps, a managing general agent (MGA) focused on add-on insurance and claims solutions, has introduced a new GAP insurance product tailored for commercial fleet operators. MGA's are a type of insurance intermediary that operates with delegated authority from an insurer. The product, Fleet GAP, is being launched in collaboration with AMS Insurance Services Ltd, which will also serve as claims administrator. This marks the third GAP product Alps has brought to market with AMS. The policy is underwritten by Financial & Legal, one of the limited number of insurers currently authorised by the Financial Conduct Authority (FCA) to underwrite GAP insurance. The policy applies to passenger cars and light commercial vehicles valued up to "175,000, with a maximum age of 10 years and a weight limit of 3.5 tonnes. Claims are capped at "50,000 and cover events such as theft, fire, and accidents. Unlike standard…...

2+ week, 2+ day ago (1010+ words) You may be accustomed to paying your auto insurance company " millions of Americans do it every month without a second thought. But, in a welcome reversal, some drivers are getting a billion-dollar refund. Florida Governor Ron DeSantis announced that Progressive will return nearly $1 billion to auto policyholders in the state, calling it proof that Florida's troubled insurance market is finally on the mend. "Florida's insurance market is stabilizing with decreasing auto and home insurance rates and frivolous litigation is declining," DeSantis said in a press release (1). "This year, Florida's top five auto insurers are averaging over a 6% rate reduction and we've secured nearly $1 billion in credits for Progressive auto policyholders " and the other carriers are expected to follow suit soon." Florida Chief Financial Officer Blaise Ingoglia celebrated the move. "It's a good day when the insurance companies are the ones…...

3+ week, 6+ day ago (139+ words) The Excellence in Insurance awards honor organizations setting new standards for innovation and operational excellence in the P&C industry The Automation Champion of the Year award recognizes organizations that excel in using automation to streamline processes, reduce manual work, and improve efficiency. Cable Insurance Company earned this recognition for implementing automation that delivers faster, more accurate outcomes across their operations. Steve Sims, President of Cable Insurance Company, said, "At Cable Insurance Company, automation isn't just about efficiency " it's about empowerment. We're reimagining how technology can enhance every decision, improve every customer interaction, and build a smarter, more agile insurance ecosystem for the future." The announcement of Cable Insurance Company's recognition adds to Insurity's growing network of Excellence in Insurance award winners who exemplify innovation and leadership across the P&C industry. ABOUT CABLE INSURANCE COMPANY...

1+ week, 6+ day ago (489+ words) SAN RAMON, Calif., November 17, 2025--Rootstock acquires Praxis and appoints Praxis Head Ohad Idan as VP of Product to drive ERP innovation and deepen Salesforce ecosystem expertise. Oops, something went wrong Rootstock Software Acquires Praxis Solutions and Appoints Praxis Head Ohad Idan as Vice President of Product Acquisition deepens Rootstock's Salesforce ecosystem expertise to accelerate agentic capabilities, extend professional services capacity, and strengthen ERP product leadership SAN RAMON, Calif., November 17, 2025--(BUSINESS WIRE)--Rootstock Software ("Rootstock" or "the Company"), a recognized leader in cloud ERP for product-based companies, today announced its acquisition of Praxis Solutions, LLC ("Praxis"), a Salesforce consulting and implementation firm with a long-standing partnership with Rootstock. Rootstock is backed by Gryphon Investors, a leading middle-market private investment firm. As part of the acquisition, Ohad Idan, Founder and CEO of Praxis, will join Rootstock as its new Vice President of…...

1+ week, 5+ day ago (173+ words) New GEICO policyholders can save up to 10% with Motive AI Dashcams and telematics The program is live today for new GEICO policyholders in select U.S. states, with nationwide expansion continuing throughout 2026. Existing customers can gain access in the future. GEICO joins more than 40 carriers, Managing General Agents (MGAs), and captives in the Motive Insurance Partner Program. By integrating insurance incentives with Motive's platform, organizations can gain a real-time, integrated view into driver behavior, vehicle health, fuel, maintenance, and spend'helping them maximize uptime, cut costs, and run at peak performance. With Motive's integrated Driver Safety and Fleet Management products, fleet managers can: Resolve claims faster: Automated collision reports provide insurers with real-time data to triage and resolve cases quickly. Exonerate drivers when it matters most: The Motive AI Dashcam captures clear video evidence to counter false claims and reduce costs. Gain full-fleet…...

2+ week, 5+ day ago (314+ words) CHICAGO, Nov. 11, 2025 (GLOBE NEWSWIRE) -- The coming year may pose challenges to insurers that are outside their control, such as economic uncertainty and weather catastrophes. However, there are several steps they can take to improve customer retention, which has fallen in 2025, according to TransUnion's (NYSE: TRU) latest analysis. The research includes a survey of consumers' attitudes and plans for managing their property and auto insurance policies over the coming year. These findings and many more insights on moderating rates and profitability are included in TransUnion's 2026 Trends and Outlook Report. "The landscape in 2026 will continue to be increasingly competitive, especially for auto policy growth," said Patrick Foy, senior director of strategic planning for TransUnion's Insurance business. "Using targeted marketing to speak to consumers about what they value most will create a significant advantage." The report also found that carriers can boost loyalty…...

2+ week, 2+ day ago (1102+ words) Why is car insurance so expensive for someone living in a certain state, but much more affordable for the same person if they move to a different state? There are many reasons for this significant imbalance, but the main issue comes down to state laws, litigation and claims costs, local risk factors and the cost of living in the area. Just as rent is much higher in Manhattan than it is in Milwaukee, so is car insurance. But that comparison only goes so far. Rent comes down to population density, amenities and location desirability, yet car insurance is more expensive in even the least desirable part of Florida than it is basically anywhere else in the U.S. Inflation isn't helping the situation, either " a MoneyGeek report analyzing 83,056 quotes from 46 companies across 473 ZIP codes found that average car insurance prices have increased…...