Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How Relevant Is Insurance? Asks XL CEO McGavick
May 29 2012 // XL Group CEO Mike McGavick asked a provocative question in a keynote speech at the European Insurance Forum in Dublin last week. How relevant is the insurance industry in today’s globalized world? “The...
The Next New Thing: Coverage Issues from Fracking Claims
May 25 2012 // Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear...
AIA Calls for More International Market Access for U.S. Insurers
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
How High-Tech Use by Young Agents Is Changing the Way the Insurance Industry Operates
May 23 2012 // San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals. Jason D. Cass, owner of the JDC Insurance Group based...
Marsh Says It Only Sees Targeted Rate Correction
May 21 2012 // Marsh & McLennan executives said this month that they are only seeing a “targeted correction” – not a broad-based hard market – in the P/C commercial insurance market. CEO Brian Duperreault said during...
Insurance Industry Charitable Foundation Expanding into Texas, Southeast
May 21 2012 // Another job was the last thing Bill Henry wanted when he was approached to head up a new division of the Insurance Industry Charitable Foundation (IICF). But Henry, chairman and CEO of the Dallas-based brokerage McQueary...
Game On!
May 21 2012 // Market Conditions Right for Insurers in Sports, Entertainment Segment Americans love their sports and entertainment, and right now so does the insurance industry. Insurers are renewing their focus on this class where they...
Marsh Says It Only Sees ‘Targeted Correction’ of Rates
May 21 2012 // Marsh executives are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call, “Is it a hard...
How Young Insurance Agents Are Changing the Industry
May 17 2012 // There’s a change happening — a big change. And some say young independent insurance agents are the catalyst for that change. They may even be leading a revolution, of sorts, says one young agent leader. Jason D....
Louisiana Commissioner: Property Insurance Market Has Recovered
May 10 2012 // Louisiana Insurance Commissioner Jim Donelon told an Alexandria civil club that the state’s property insurance market is “more competitive than ever.” The Town Talk reports Donelon spoke on May 8 to the...
Future Vision: Will Driving Become Too Safe to Insure?
May 8 2012 // What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm,...
Fitch Analyzes Uncertainty over Extension of UK Flood Insurance Plan
May 7 2012 // The end in June of the UK government’s agreement with the country’s insurance industry, the Statement of Principles (SoP) agreement, which provides insurance in high flood risk areas, “may prove positive...
West Insurance Employment: California Job Market to Stay Soft
May 7 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, not yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
What Do Millennials Want?
May 7 2012 // There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next...
In East Region, Insurance Sector Hiring Is ‘Slightly Elevated’ in 2012
May 7 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
Marsh Says It Only Sees ‘Targeted Correction’ of Rates
May 3 2012 // Marsh executives said this week that they are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an...
Insurance Industry Charitable Foundation Expanding into Texas, SE
May 2 2012 // Another job was the last thing Bill Henry wanted when he was approached to head up a new division of the Insurance Industry Charitable Foundation (IICF). But Henry, chairman and CEO of the Dallas-based brokerage McQueary...
Geneva Association Reminds Federal Reserve Insurers Aren’t Banks
May 2 2012 // The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial...
