Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Agency Compensation Playbook: Who’s Worth What?
Feb 25 2013 // 2013 Agency Salary Survey Managing sales in an independent agency is a team sport. From top level managers to office and support staff – every person in an agency has a role to play in helping the agency win the sales...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
Insurance Council of Texas Seeks Nominations for Group’s Highest Honor
Feb 13 2013 // The Insurance Council of Texas (ICT) announced it is seeking nominations for the Raymond Mauk Leadership Award, the Council’s highest honor. The award will be presented on July 18, at the annual Mid-Year Property and...
Xchanging Launches ‘X-presso’ – Mobile App for Claims Files
Feb 13 2013 // London-based Xchanging, the business process, procurement and technology services provider and integrator, announced the launch of its mobile application for the insurance market. Called X-presso, the new app “allows...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Feb 11 2013 // Rates for commercial lines insurance will continue to rise in 2013, thanks to above average losses, low investment returns and receding reserve releases. However, according to a report by Marsh, traditional signs of a...
A Future Filled With Driverless Cars
Feb 11 2013 // Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to enact legislation that...
Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Feb 7 2013 // At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the...
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
Insurance Industry Predicts Super Bowl XLVII
Feb 1 2013 // Insurance experts who make their living predicting and paying losses overwhelmingly believe that the Baltimore Ravens are headed for a loss in Sunday’s Super Bowl XLVII (47 for those who never learned Roman...
How Agents Survived a Falling Housing Market
Jan 31 2013 // It has not been easy being an insurance agent specializing in the homebuilders insurance market during one of the worst economic recessions in U.S. history. Survival in the recession meant change and a lot of hard...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Jan 30 2013 // Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional...
IICF Hosting Black Tie Event in Texas
Jan 30 2013 // The Insurance Industry Charitable Foundation (IICF) Texas-Southeast division is hosting a black tie benefit gala, Lone Star Legends, at the Hilton Anatole – Chantilly Ballroom, in Dallas, on Feb. 21. The keynote speaker...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Lucky or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Jan 28 2013 // Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Michigan Governor Signs Order Creating New Insurance Department
Jan 28 2013 // Snyder also Supports Auto Insurance Reform; Fraud Prevention In his “State of the State” address in mid-January, Michigan Gov. Rick Synder recognized the importance of the insurance industry in the state,...
Insurance Associations Welcome IMF Report on Brazil Reinsurance Market
Jan 24 2013 // A group of insurance trade organizations – American Council of Life Insurers (ACLI), American Insurance Association (AIA), Association of Bermuda Insurers & Reinsurers (ABIR), General Insurance Association of...
New NAIC CEO Nelson: ‘No Need for Dual Regulation’
Jan 23 2013 // The new CEO of the National Association of Insurance Commissioners (NAIC) says there is a limited role for the federal government in insurance in partnership with state regulators but there is “no need for dual...
S&P: Low Interest Rates, Regulation Issues Are Key Insurance Industry Risks
Jan 23 2013 // Standard & Poor’s Ratings Services has issued a new report – “Global Insurance Key Risks And Credit Trends Dominated By Low Interest Rates And Regulation Issues -” which examines how those two...
Vermont Licensed 32 New Captives in 2012
Jan 18 2013 // Vermont licensed 32 new captives in 2012 — finishing with strong showings by the construction and manufacturing sectors which each had five new licensees, according to data released on Jan. 16 by the Vermont Captive...
