Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Europe Insurer Trade Group Criticizes Listing Companies as G-SII’s
Jul 19 2013 // Europe’s insurers criticized the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global financial watchdogs...
Industry Told TRIA Won’t Be Renewed Until 2014
Jul 19 2013 // The property/casualty insurance industry should not count on Congress reauthorizing the federal terrorism reinsurance program this year or in time for January renewals, according to a key insurance lobbyist working on the...
Minnesota Participating in Insurance Climate Change Survey
Jul 18 2013 // Minnesota has joined California, New York, Connecticut and Washington state in requiring insurers to respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners...
Insurer Loss Ratios High in Oklahoma After Years of Extreme Storms
Jul 18 2013 // The May storms in Oklahoma that produced two EF-5 tornadoes, destroyed thousands of houses, resulted in 46 deaths and sent damage estimates above the $5 billion mark, were extreme examples of a years-long pattern of storms...
Astonish Hosts Sales & Marketing Training for Insurance Professionals in Los Angeles on July 18, 2013
Jul 16 2013 // Warwick, RI April 2013 – Astonish, a leading technology, digital marketing, and training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in California and surrounding...
As Political Risks Proliferate, Insurers Increase Coverage Options
Jul 10 2013 // Could it happen to us? Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to...
UK’s ABI Highlights 7 Challenges Facing the Insurance Industry
Jul 9 2013 // The Association of British Insurers has released a report at its biannual conference In London, entitled “Identifying the Challenges of a Changing World.” It features an “analysis of the challenges facing...
How Catastrophe Experts Model Hurricane-Induced Storm Surge
Jul 1 2013 // The 2004 and 2005 North Atlantic hurricane seasons were a turning point in the way the property/casualty insurance industry viewed hurricane risk. The needs of the insurance industry required catastrophe models to...
P/C Direct Premium Up Nearly 4.5% for All-Time Industry High
Jul 1 2013 // Direct premium growth for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of direct premium written (DPW) was reported, an all-time high for the industry. For 2012,...
How Should Insurance Agencies use Twitter?
Jun 26 2013 // This post is part of a series on insurance marketing and training sponsored by Astonish. Twitter is a social media platform that all insurance agencies should be using in this day and age. Why? Because it is free to use,...
EPLI in Southern California Playing ‘Hard’ to Get
Jun 25 2013 // Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the area, say those...
Swiss Re Publishes ‘Corporate Responsibility’ Report;’Sustainable’Insurance Goals
Jun 19 2013 // Swiss Re announced the publication of its “2012 Corporate Responsibility Report,” which it said “enhances its accountability by reporting against the Principles for Sustainable Insurance for the first...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to...
Can You Have It All?
Jun 17 2013 // One question often asked of women but not of men in the business world is: Can you have it “all”? Is it possible to have both a successful career as an independent agent and a family? That’s something men...
Federal Insurance Regulator Releases Annual Report
Jun 12 2013 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress. Under the Dodd-Frank Wall Street Reform and Consumer...
Geneva Association’s Fitzpatrick on Systemic Risks, Nat Cats, ILS, Cyber Risks
Jun 11 2013 // When the Geneva Association’s presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to talk to the organization’s Secretary General, John Fitzpatrick, a...
Game Changer: Agency Download with the Leader in CRM
Jun 10 2013 // Westerville, OH, 6/10/13 – Revolution Group, a Silver Salesforce.com Cloud Alliance Partner and leading technology integration provider specializing in the property/casualty segment of the insurance industry, is...
Governments and Re/Insurers Should Work Together to Face Rising Disaster Costs
Jun 6 2013 // A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues, calls for a long awaited dialogue between the industry and all...
Women (Not Men) Get Asked: Can You Have It All?
Jun 4 2013 // Can you have it “all”? It’s one of the questions that women in business get asked a lot but men are never asked. It’s also one of the questions fielded by a panel of women insurance industry...
FERMA Warns Restrictions Could Damage Subscription Market
Jun 4 2013 // The Federation of European Risk Management Associations (FERMA) has issued a warning to the European Commission that any restriction in the operation of the subscription insurance market could work to the disadvantage of...
