Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Lockton, Children’s Bureau Honored by Insurance Industry
Apr 1 2019 // Service was at the heart of Timothy J. Noonan’s main message. The Lockton Cos. president and CEO was talking about the service insurance professionals give to their clients and about the service the industry gives to...
Insurance Industry Facing Competitive Labor Market
Apr 1 2019 // Like other industries today, the property/casualty insurance industry is facing a highly competitive job market as it strives to fill positions needed to grow. The unemployment rate for the insurance industry is 1.7...
Insurers Cautious About Marijuana Insurance Market
Apr 1 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report, “Cannabis:...
New Flood Insurance Rule from Bank Regulators a Win for Consumers, Agents and Brokers
Apr 1 2019 // If Implemented Wisely, Flood-Exposed Properties Could Benefit from Expanded Market While lawmakers continue their struggle to agree on the long-term reauthorization of the financially burdensome National Flood Insurance...
Agencies Looking for New Talent Have Their Work Cut Out for Them
Apr 1 2019 // Newsflash to insurance agency owners seeking to onboard new employees: Expect to have to pay more, offer more and train more. Those trying to hire probably know that already. “What we’re seeing in particular in...
Lloyd’s Issues Action Plan to End Sexual Harassment in Workplace Amid Recent Reports
Apr 1 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes
Apr 1 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
Michigan’s Unique Auto Fee Will Rise to $220 per Vehicle in July
Mar 29 2019 // Michigan’s mandatory fee to cover unlimited medical benefits for catastrophically injured drivers is rising to a record $220 per vehicle, which is more than double what it was a decade ago. The Michigan Catastrophic...
Africa Re Joins World Bank’s IFC to Build Crop Insurance Market for Nigeria’s Farmers
Mar 29 2019 // The International Finance Corp. (IFC), a member of the World Bank Group, announced it has signed an agreement with Africa Re, the pan-African reinsurance company, to help small holder Nigerian farmers more easily access...
Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products
Mar 27 2019 // What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The...
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Lockton, Children’s Bureau Honored by Insurance Industry
Mar 22 2019 // Service was at the heart of Timothy J. Noonan’s main message. The Lockton Cos. president and CEO was talking about the service insurance professionals give to their clients and about the service the industry gives to...
Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace
Mar 22 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Climate Activists Petition for Carriers in California to Reveal Fossil Fuel Insureds
Mar 21 2019 // More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first regulations in the nation...
Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows
Mar 19 2019 // A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say. The recently released study was conducted by...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
P/C Direct Premium Written Up 5.9 Percent
Mar 18 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, over $636 billion of DPW was reported, a record high for the industry. For 2017, total DPW...
Consumer Advocacy in an Age of Consumer, Insurer Options
Mar 18 2019 // Today’s Insurance Consumer Advocates Are Tackling Some New and Old Issues Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They...
New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market
Mar 15 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate...
