Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
WEBCETERA® Integrates Editable ACORD® forms within EZLynx®
Jul 25 2012 // Flower Mound, TX, 07/25/12 – WEBCETERA®, the leading provider of insurance industry software solutions and creator of EZLynx®, today announced the integration of fully editable ACORD® forms into the EZLynx product....
Astonish Launches New Website with Insurance Industry Marketing Tools
Jul 24 2012 // Warwick, RI, 07/24/12 – Astonish, a Digital Marketing Company catering to Local Insurance Agencies, Financial Services and Group Benefit firms, MGA’s, Aggregators and Carriers recently launched a new website...
Sprint Offers Usage-Based, Driver Tracking Service for Insurance Industry
Jul 23 2012 // Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based insurance (UBI) services is designed specifically for the auto insurance industry....
Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
Jul 23 2012 // Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike...
Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift
Jul 23 2012 // A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital...
First Quarter Premium Up 4% for P/C Companies
Jul 23 2012 // Homeowners, Private Passenger Auto and Workers’ Compensation Lines Impact Premium Growth Through the first quarter 2012, total direct premium written (DPW) for all property/casualty insurers is up 4 percent compared...
Some Reinsurance Increases But No Hard Market
Jul 23 2012 // Rate increases in the North American and international reinsurance markets are due to modest losses and poor results – not a hardening market, according to a report from Willis Re. The mid-year renewals report,...
No Falling Sky
Jul 23 2012 // “The economic sky is not falling.” That’s the opinion, at least, of Robert P. Hartwig, Ph.D., president and economist at the Insurance Information Institute. Hartwig told attendees at an insurance...
Geneva Association Survey Targets ‘Inappropriate Regulation,’ Economic Crisis
Jul 18 2012 // A bulletin from the insurance think tank The Geneva Association notes that “leaders of the insurance industry have significant concerns about the effects of inappropriate regulation and the effects of the current...
Let the 2012 Olympic Games Insurance Challenges Begin!
Jul 17 2012 // As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in London. Lee Tookey,...
Oklahoma Governor, Insurance Commissioner Visit Lloyd’s of London
Jul 17 2012 // Oklahoma Gov. Mary Fallin, Insurance Commissioner John D. Doak and insurance industry executives, have met with insurance market representatives at Lloyd’s of London to discuss the state’s $15 billion insurance...
Health, Benefits Market Offers Growth Opportunities for Midwest Agents
Jul 11 2012 // For many independent property/casualty agencies, one bright spot of opportunity in an era of otherwise lackluster growth has been the health and benefits market. Over the course of the past four or five years, savvy P/C...
Number of Uninsured Drivers on Texas Roads Drops
Jul 5 2012 // The number of uninsured drivers in Texas has dropped more than 38 percent from a year ago, state statistics show, and officials attribute the decline to a program focused on getting those drivers either insured or off the...
Willis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk
Jul 5 2012 // The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against growing concerns about natural disasters and, in the process, helps ensure a...
Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn
Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Facebook Fiasco Disrupting IPO Insurance Market
Jul 2 2012 // The Facebook initial public offering (IPO) fallout has started and its effects are being felt in the area of directors and officers insurance coverage for future social media IPOs. “D&O underwriters will view...
Actuaries Say Individual Mandate Key to Viable Health Insurance Market
Jun 29 2012 // The U.S. Supreme Court’s ruling to keep the Affordable Care Act largely intact is a step toward ensuring that health insurance markets attract a broad cross section of risk, a cornerstone to any viable health...
EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market
Jun 29 2012 // Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick-started, according to a recently released report from the European...
Insurance Industry Charitable Foundation to Host ‘Week of Giving’
Jun 28 2012 // The Insurance Industry Charitable Foundation (IICF) has expanded its traditional weeklong insurance volunteerism event in October to include an industrywide effort to boost charitable donations by insurance professionals....
