Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
A Future Without the Terrorism Insurance Backstop?
Jan 18 2013 // The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24 months. The consequences could be severe, from reduced availability of coverage to...
Michigan Governor Proposes New Department of Insurance and Finance
Jan 17 2013 // Michigan Gov. Rick Synder has proposed the creation of a new Department of Insurance and Financial Services. Snyder, who is beginning his third year as governor, said the new department will “emphasize consumer...
Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy
Jan 17 2013 // Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute...
Texas Trade Group: Survey Shows Insurance Industry Doing It Right
Jan 16 2013 // While tornadoes and hailstorms were pounding their way through the Dallas/Fort Worth area last year, consumers had confidence that their insurance companies would be there to help with repairs to their cars, homes and...
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
What Happens if TRIPRA Isn’t Reauthorized?
Jan 14 2013 // With Just 24 Months to Go, Now is the Time to Prepare The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24 months. The consequences could be...
How to Exploit Current Trends for 2013
Jan 14 2013 // One needs to understand and exploit current and future trends in order to be proactive. It is easy to predicate trends by understanding recurring cycles and applying that knowledge to the current insurance marketplace. So...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
CNA’s Motamed to Chair 2nd Annual IICF – Midwest Benefit Dinner
Jan 9 2013 // Thomas F. Motamed, chairman and chief executive officer of CNA Financial Corp., will act as chairman of the Insurance Industry Charitable Foundation (IICF) – Midwest’s 2nd Annual Blazing the Trail Benefit Dinner,...
Evolution of Cyber Coverage: How to Sell to Today’s Businesses
Jan 2 2013 // The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Program Specialists: Thriving in All Market Conditions
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
Insurers Divided Over North Carolina Auto Insurance Rate System
Dec 28 2012 // A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs...
Events that Topped World Insurance News in 2012
Dec 28 2012 // While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t...
Art Insurers Face Record Loss from Superstorm Sandy
Dec 21 2012 // Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York. Work by 1960s graphic artist and...
Insurance Industry to Add Jobs in 2013
Dec 17 2012 // The insurance industry job outlook for 2013 looks good. Hiring appears to be steady, with 54.5 percent of companies saying they intend to increase staff, and 77.4 percent expect to grow revenue in the next year, a survey...
E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Dec 17 2012 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
