Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
FAIA Chief Grady Says Goodbye, Shares Top Moments in 22-Year Career
Sep 7 2020 // Jeff Grady For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer, who admits that when he started all those years ago he did not expect to “fall...
Cannabis Broker Spotlight: AlphaRoot’s Bock Approaches Space with Teacher Mindset
Sep 2 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Insurers Say They’re Having Trouble Recruiting New Employees
Sep 2 2020 // U.S. insurers want to fill existing positions or expand their staffs over the next year but say they are still having trouble recruiting, even during the COVID-19 pandemic where unemployment has skyrocketed, according to a...
How to Build an Insurance or Any Business with Community at the Center
Aug 28 2020 // It’s a common corporate practice to use philanthropic pursuits to improve both their communities and public images. Some organizations donate both funding and manpower through formal philanthropy programs. Others...
As FAIA Chief Grady Says Goodbye, He Shares His Top 10 Moments
Aug 27 2020 // Powered by InsuranceJournal.tv For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer, who admits that when he started all those years ago he did not...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources
Aug 14 2020 // Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance...
Cyber Lessons for the Insurance Industry Continue Three Years After NotPetya
Aug 12 2020 // This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies have since evolved in...
California Bill Addressing Property Rates in Wildfire-Prone Areas Awaits Hearing
Aug 11 2020 // The stage has been set for a major battle over a California bill due to be heard in the next few weeks in a key committee that opponents say is a direct attack on insurance consumer protections and proponents say is the...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint
Aug 6 2020 // Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures
Aug 6 2020 // The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance penetration rates in Lebanon generally are low, said AM Best in a market...
AXA XL Presents New Leadership Team for Americas
Jul 27 2020 // As part of the proposed changes to its insurance operating model announced in April, AXA XL has appointed its new Americas leadership team, reporting to Joe Tocco, chief executive officer for the Americas. The appointments...
Brit’s Digital Syndicate Ki Taps Hearsum from Marsh JLT Specialty as Managing Director
Jul 22 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s of London syndicate, launched in collaboration with Brit Ltd. and Google Cloud, has announced the appointment of Dan Hearsum as managing director....
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
Pandemic Changes
Jul 20 2020 // The coronavirus experience has changed how most people view life and work. The biggest change is that many insurance industry pros have learned that they can do their job from home, and most, but not all, seem to enjoy...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?
Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...
Maryland Auto Executive Director McCurdy Retires, Reflects on 38-Year Career
Jul 15 2020 // When Mark McCurdy informed Maryland Auto Insurance’s Board of Trustees in July 2019 of his intention to retire this year, he never imagined that the few months ahead of his retirement would involve leading the...
Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re
Jul 13 2020 // Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma...
P/C Insurance Survey: 55% Back Worker Presumption; 54% See Interrupt Cases Failing
Jul 13 2020 // A slight majority (54%) of property /casualty insurance industry professionals think insurers will succeed in defeating legal and political attempts to force them to pay business interruption claims from the coronavirus...
Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers
Jul 9 2020 // The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact...
