Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
5 Steps to Reform America’s Flood Insurance Problem
Jul 1 2019 // The NFIP was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40% of the nation’s flood insurance risk), NFIP...
Consortium Seeks Data on Issues, Opportunities for Women in Insurance
Jun 20 2019 // There is an effort underway to develop a better understanding of issues and opportunities for women in the insurance industry. The Million Women Mentors’ Women in Insurance Consortium (WII) will be spearheading what...
Viewpoint: Fixing America’s Flood Insurance Problem in 5 Steps
Jun 19 2019 // The National Flood Insurance Program (NFIP) was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40 percent of the...
State of the Cyber Insurance Market- Top Trends, Insurers and Challenges: A.M. Best
Jun 18 2019 // The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about...
PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
Jun 18 2019 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were...
What to Expect from Florida’s AOB Reform Law Taking Effect July 1
Jun 18 2019 // The countdown is on for Florida assignment of benefits (AOB) reform that will take effect July 1, and the insurance industry is getting ready to respond to new requirements as a result of the law as well as evaluating how...
ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook
Jun 17 2019 // ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named...
P/C Direct Premium Written Up 4.2% in Q1: Demotech
Jun 17 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% from 2017, an increase...
Roost Gathering Data as it Awaits Insurance Industry Transformation
Jun 17 2019 // For years, insurance industry observers have been predicting that home telematics products would transform the insurance industry by forcing carriers to take on the role of damage preventer instead of just claims...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Underwriters Get Picky: 5 Trends to Watch in Construction Insurance
Jun 17 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 13 2019 // San Diego, CA, June 13, 2019 – Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called “Insuring Cyber”....
Insurance Journal to Launch Insuring Cannabis
Jun 12 2019 // San Diego, CA, June 12, 2019 – Today Insurance Journal premiers Insuring Cannabis, a newsletter for insurance professionals and risk managers who need a full view of what’s happening with marijuana on state,...
2 Execs at Lloyd’s Insurer TMK Forced to Resign After Sexual Harassment Allegations
Jun 11 2019 // Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 11 2019 // San Diego, CA, June 11, 2019 – Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called “Insuring Cyber”....
Insurance Journal to Launch Insuring Cannabis
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Insurance Journal premiers Insuring Cannabis, a newsletter for insurance professionals and risk managers who need a full view of what’s happening with marijuana on state,...
Carrier Management Announces the Launch of InsurTech Today
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Carrier Management premiers a brand-new newsletter called InsurTech Today. This inbox resource is written for those who value a quick take on the most important InsurTech...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 5 2019 // Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called Insuring Cyber. This newsletter is an in-box resource for...
Are Agencies Overpaying for Young Employees Today?
Jun 3 2019 // Memo to insurance agency owners seeking to onboard new employees: Expect to pay more, offer more and train more. Those trying to hire know that already. “What we’re seeing in particular in Texas, and I imagine...
Accelerating Innovation Through Diversity & Inclusion
Jun 3 2019 // Progress requires change, though it is not always easy. The insurance industry, notoriously known to be slow to adopt change, is in the midst of a significant transformation. Some may even call it a rebranding. Insurers...
