Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Hurricane Season and Florida’s Insurance System: Living on Borrowed Time?
Jun 3 2013 // Mother Nature has been kind to Florida’s coastline lately with a record run of seven years without a hurricane making landfall, allowing property insurers time to re-stock their depleted coffers. As a result, before...
Near National P/C Carriers Identified for 2013
Jun 3 2013 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
How Women Can Rise to Executive Level in P/C Insurance Industry
May 31 2013 // Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that. And being a sponsor is one...
After Years of Increases, Florida Property Insurance Rates May Be Stabilizing
May 29 2013 // It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005. Yet even as the state has been...
Insurers and Climate Change: The Truth is More Complicated than the Sound Bytes
May 24 2013 // As an insurance guy who has been on both sides of the climate change debate (I’ve worked for organizations full of climate change skeptics and now head one that believes it’s an important public policy issue)...
S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets
May 23 2013 // A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed...
TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’
May 20 2013 // A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims...
Registration Open for the 2013 Virtual Insurance Tradeshow
May 15 2013 // Fairfield, CA, 05/15/13 – Now in its third year, the 2013 Virtual Insurance Marketplace, brought to the insurance industry by Direct Connection Advertising & Marketing, LLC, an agency specializing in insurance...
DIMA’s CEO Examines Ireland’s Links to Re/Insurance and Europe
May 13 2013 // The European Insurance Forum, held in Dublin on the 9th and 10th of May, presented an opportunity to examine Ireland’s progress in overcoming the financial crisis that caused a severe recession beginning in 2008. It...
TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’
May 9 2013 // A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims...
Experts Weigh Boston Bombings’ Impact on TRIA Debate
May 6 2013 // The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop. Some experts say the Boston Marathon tragedy could help the cause of supporters of the...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
May 6 2013 // Choosing an historic icon that stood after San Francisco’s great earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance...
U.S. P/C Industry Posts $33.5B 2012 Income Despite Huge Catastrophe Losses of $32B
May 6 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate — in part because catastrophe losses were...
Applied Systems Acquires IVANS P/C Business
May 1 2013 // Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance...
Experts Weigh Boston Bombings’ Impact on Government-Backed Terrorism Insurance
Apr 30 2013 // The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop. Some experts say the Boston Marathon tragedy could help the cause of supporters of the...
Insurance Industry Charitable Foundation’s Boston Chapter Launches Grants Program
Apr 29 2013 // The Insurance Industry Charitable Foundation (IICF) Boston chapter launched its grants program by hosting its first-ever grant fundraising event April 11 in Boston. The new Boston chapter is part of the IICF Northeast...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
Apr 26 2013 // Choosing a historic icon that stood after San Francisco’s Great Earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance...
U.S. P/C Industry 2012 Income $33.5B in Spite of $32B in Cat Losses
Apr 26 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were...
UK MGAA Members Write over $3.85 Billion in Gross Premiums
Apr 25 2013 // New members joining the UK Managing General Agents’ Association (MGAA) since the beginning of 2013 have increased the total combined gross written premium represented by the Association’s membership to over...
What Young Agents Say About Their Career Choice
Apr 23 2013 // The road to becoming a successful independent insurance agent is not always easy. The economy and often volatile property/casualty insurance market cycle are just two of the potholes agents must maneuver. Young agents in...
