Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Analysts Weigh Chances Next Congress Will Actually Reform Flood Insurance
Nov 28 2018 // With the clock ticking on the National Flood Insurance Program’s authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of several routes:...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance
Nov 27 2018 // The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
Florida Picks Up the Pieces from Powerful Hurricane Michael
Nov 20 2018 // This photo shows debris and destruction in Mexico Beach, Fla., Friday, Oct. 12, 2018, after Hurricane Michael went through the area on Oct. 10. Mexico Beach, the ground-zero town, was nearly obliterated by the hurricane,....
What Agents Should Know About Cryptocurrency Insurance Market
Nov 19 2018 // Powered by InsuranceJournal.tv Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in,...
The Next Generation: Students Speak Out on Technology Issues
Nov 19 2018 // It’s no secret that the workforce in the insurance industry is aging and 400,000 positions are projected to open up in the next two years. Insurers and agents alike have debated how best to attract the next...
Insurance Industry Kept Promises to Hurricane Victims; Now Tested by Wildfires
Nov 16 2018 // Between the devastating wildfires in California and the destructive forces of Hurricanes Florence and Michael on the East Coast earlier this fall, the property/casualty insurance market has been put to the test this...
Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting
Nov 15 2018 // An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry...
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
Nov 15 2018 // JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its...
Cyber Expert Says Industry Over-Complicates Cyber Insurance
Nov 15 2018 // Powered by InsuranceJournal.tv Cyber insurance is relevant to every type of business but the insurance industry needs to make it simpler so that more businesses understand why they should buy it, according to Graeme...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
How Insurance Industry Might React to ‘New Normal’ of California’s Historic Wildfires
Nov 13 2018 // The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious...
Miller Names New Equity Partners: Hands, Lane, Wheeler, Henderson and Speers
Nov 9 2018 // Miller Insurance Services LLP announced that it has boosted its partnership with five internal appointments. With effect from Jan. 1, 2019, James Hands, Charles Lane, Phil Wheeler, Martin Henderson and Ben Speers will be...
Patrick Ryan Hails Program Business Amid Retail Consolidation, Moves Toward MGAs
Nov 8 2018 // Target Markets Program Administrator Association Industry Keynote Speaker Patrick G. Ryan, founder, chairman and CEO, Ryan Specialty Group, addressed attendees at the group’s 18th Annual Summit on Oct. 22., in...
Regulators, Industry Seek to Keep Florida AOB Abuse in Check After Michael
Nov 5 2018 // In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake...
Pressure’s on the Trucking Sector
Nov 5 2018 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Why It’s Important to Understand Your Carriers
Nov 5 2018 // I have been analyzing the insurance industry and individual insurers and agencies for a long time now. When I started analyzing the industry, I never imagined, and I have not met any industry veterans who could imagine,...
People
Nov 5 2018 // Valerie Butt has been named head of Casualty for Zurich North America Commercial Insurance. Based in Chicago, Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role...
