Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
UK Competition Comm. to Investigate Auto Insurance; ABI Welcomes Move
Sep 28 2012 // The UK’s insurance market for auto insurance has been referred to the Competition Commission for investigation. The Office of Fair Trading (OFT), which made the referral, expressed concerns that the structure of the...
Best Reports on MENA Insurance Market; Regulatory Change Coming
Sep 26 2012 // A report from A.M. Best examines the current state of the insurance market in the Middle East and North Africa (MENA) region. It notes that “over the past decade, the insurance industry has experienced strong growth...
New National Parks’ Insurance Requirements Ignite Controversy
Sep 24 2012 // A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 24 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Low Interest Rates: An Ongoing Problem for the Re/insurance Industry
Sep 24 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. Rates have been at historic lows for several years. For instance the...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Sep 20 2012 // A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing...
Industry Faces Cyber Risks in Shift from Tangible to Intangible Property
Sep 20 2012 // If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general,...
How Agents and Carriers Can Find Gold in Personal Lines
Sep 19 2012 // Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there is plenty of room for independent...
Use MyNewMarkets.com to Maximize ROI
Sep 18 2012 // If you are a single, working professional, with no hobbies, feel free to stop reading now. If your time is limited and you want to get the most for your “money”, then buckle up, because this information is for...
Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick
Sep 17 2012 // XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 14 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Arthur J. Gallagher CEO: This Rate Environment Unusual but Better
Sep 12 2012 // Speaking at a recent conference, brokerage Arthur J. Gallagher’s CEO J. Patrick Gallagher described how different today’s commercial insurance rate environment feels, even to an industry veteran like himself....
Low Interest Rates: an Ongoing Problem for the Re/insurance Industry
Sep 12 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. They have been at historic lows for several years. For instance the...
Dodd-Frank Provisions Still Hold Concern for Insurers
Sep 10 2012 // The Dodd-Frank Act of 2010 brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. It represented a significant change in the...
Lessons from Andrew
Sep 10 2012 // Hurricane Andrew hit South Florida with winds topping 160 mph on August 24, 1992, devastating several communities. According to Gary Kerney, of Verisk’s Property Claims Services, the insurance industry had never seen...
Vermont’s Captive Conference
Sep 10 2012 // Vermont is well-known for, among many other things, its leading captive insurance industry — home to more than 900 captives. The state’s captive insurance advocacy group, the Vermont Captive Insurance Association,...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
New National Parks’ Insurance Requirements Ignite Controversy
Sep 6 2012 // A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle...
Best’s Global Reinsurance Market Review Analyzes Top 50, Capital, Ratings
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
