Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
Recruiting Next Generation of Insurance Professionals
Apr 22 2013 // All successful organizations have visionary leaders. Dr. Edwin S. Overman, CPCU, was a leader in the insurance business and an advocate for insurance education. He served as president of The Institutes from 1966 to 1987,...
10-Point Checklist for DO Renewals in a Hard Market
Apr 22 2013 // No one, least of all the insured, likes a price increase. But with the D&O market firming across the board – as confirmed by the Towers Watson “2012 Directors and Officers Liability Survey” released in...
One-Day Modern Consumer Training for Insurance Professionals Hosted by PIA of Michigan on Thursday, April 25th
Apr 19 2013 // Warwick, RI, 4/19/13 – Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Michigan and surrounding...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
Willis Re Finds Reinsurance Market Changes Favoring Mutual Insurers
Apr 15 2013 // Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released...
Pricing Hikes, Improved Underwriting Bode Well for P/C Industry: Conning
Apr 12 2013 // With 2012 preliminary results showing improvement in profitability in the sector, the property/casualty insurance industry should see continued strong net premium growth and a substantially improved combined ratio for...
PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market
Apr 12 2013 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU...
Gun Liability Insurance Bills Aren’t the Answer, Says Insurance Industry
Apr 10 2013 // Congress appears ready to take up gun control legislation for the first time in years, with proposals under consideration focusing on background checks, straw purchases and money for school safety. If the debate stays on...
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc.
Apr 9 2013 // The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a...
The Right Career Choice for the Next Generation
Apr 8 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...
Astonish Announces Early Bird Pricing for Annual E-Agent Summit
Apr 3 2013 // Warwick, RI, 04/03/13 – Astonish, a leading digital marketing, technology, and training provider for insurance agencies and brokerages, is thrilled to announce early bird pricing for the upcoming E-Agent Summit taking...
Willis Re Sees Increased Capital Inflows as Threat to Reinsurers
Apr 2 2013 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that “many traditional reinsurers now see the flow of capital coming into the reinsurance market as a direct threat to their...
Astonish’s One-Day Modern Consumer Training Hosted by QQ Solutions on Thursday, April 11
Apr 1 2013 // Warwick, RI, 04/01/13 – Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Florida and surrounding...
