Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Florida Gov. DeSantis Signs Bill Seeking to Stabilize Insurance Market
Dec 19 2022 // Florida Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market are among the questions being asked. One of the key goals of the legislation is...
Most Small SUVs Flunk Updated Insurance Industry Crash Tests
Dec 14 2022 // Most small SUVs flunked the latest frontal crash tests done by the insurance industry, but oddly enough, they’re just as safe as they were before. That’s because the Insurance Institute for Highway Safety...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Dec 5 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Nov 23 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter – the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
Navigating the Hard Market: How Proactive Communications Are Essential to Retaining and Building Business Today
Nov 21 2022 // Across all lines, the insurance industry is experiencing macro-hard markets, with large rate and premium increases, as well as re-underwritten renewals as the U.S. deals with broader economic uncertainty. Agents are also...
Report: Insurance Industry Spent $3.1B with California Diverse Businesses
Nov 14 2022 // New data from the California Department of Insurance suggests some progress in the department’s push for California’s $409 billion insurance industry to partner more with the diverse small businesses. The...
Ahem, Florida Lawmakers: State Insurance Market Badly Needs an Oil Change
Nov 7 2022 // As the Florida Legislature prepares for its 2nd Special Session on property insurance in 2022, it’s time we examine why our market sputtered out of control and discuss the necessary solutions to fix it. Many...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 17 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Why Regulatory Interference Drives Property Insurance Market Instability
Oct 17 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 12 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Oct 10 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Property Catastrophe Reinsurance Entering a True Hard Market
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Workers’ Comp Insurance Industry Backs CompScience Technology in $6M Seed Round
Sep 9 2022 // CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers, but by analyzing authentic, onsite video taken at clients’ facilities. The company...
Effects of Inflation on the Insurance Industry from Insurers to Insureds
Sep 7 2022 // This post is part of a series sponsored by AgentSync. If you’ve visited a grocery store lately, you’re well aware that the price of everything is going up. Way up. After about 14 years of consistently low...
Cyber MGA Coalition Launches in UK Insurance Market
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate &...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist
Sep 5 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
Viewpoint: Can the Florida Insurance Market Withstand Another Hurricane Andrew?
Aug 29 2022 // The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County,...
Is the Insurance Industry Ready for The Great Wealth Transfer?
Aug 24 2022 // This post is part of a series sponsored by AgentSync. Insurance carriers and agencies should start considering how to court the next generation of clients, as baby boomers will be leaving record-breaking levels of wealth...
Andrew 2.0: A Reimagined Insurance Industry
Aug 22 2022 // This post is part of a series sponsored by CoreLogic. “EXTREMELY DANGEROUS HURRICANE ANDREW BEARING DOWN ON SOUTHEAST FLORIDA… HURRICANE WARNINGS REMAIN IN EFFECT FOR THE FLORIDA EAST COAST FROM VERO BEACH...
