Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
Private Flood Insurance Market Is Getting Bigger, More Competitive, Less Profitable
Mar 18 2018 // The U.S. market for privately written flood insurance grew by 51.2 percent last year, with state-level markets growing both more competitive and less profitable, according to 2017 statutory insurance filings compiled by...
Chubb’s Darling Honored for Industry Leadership, Cystic Fibrosis Work
Mar 16 2018 // Compassion and helping others were the key takeaways from a message that Jim Darling delivered to a group of several hundred insurance professionals gathered to honor him in Los Angeles, Calif. on Thursday night. Darling,...
IICF Midwest Division Raises Over $400K for Regional Nonprofits
Mar 16 2018 // The Insurance Industry Charitable Foundation (IICF) says more than $400,000 was raised for the IICF Midwest Community Grants Program at its 7th annual Midwest Division Blazing the Trail Benefit, on March 8 in Chicago. More...
Study Links Severe Winter Weather in Northeastern U.S. to Arctic Temps
Mar 15 2018 // The frequency of extreme winter weather in the U.S. is sensitive to Arctic temperatures, and that’s something those paying weather-related losses may want to take note of. After all, you can’t spell polar...
What Cyber Insurance Industry Learned from 2017 Hacks
Mar 13 2018 // The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks...
Lara, Poizner and Others Vying to be California Insurance Commissioner
Mar 8 2018 // The race is on for the California insurance commissioner posts as we are nearly three months from the primary, but you wouldn’t know it by speaking to people in the insurance industry. Most insurance groups and...
How 2017’s Disasters Will Help People Start Viewing Mitigation as an Investment
Mar 5 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to industry...
Avoiding Post-Brexit Chaos in Insurance Market Is Top Concern of Bank of England
Feb 27 2018 // Avoiding chaos in the insurance market due to Britain’s European Union exit is a top Bank of England priority and making sure cross-border contracts continue to pay out after Brexit is a major concern, its deputy...
Insurance Industry Hiring Stabilizes; Key Jobs Remain Difficult to Fill: Study
Feb 20 2018 // Fifty-eight percent of insurance companies plan to increase staff during the next 12 months in part due to expected increase in business and new markets, according to the Semi-Annual U.S. Insurance Labor Outlook Study...
P/C Direct Premium Written Up 4.7 Percent
Feb 19 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Insurance Industry Trends for 2018: A Top 5 Countdown
Feb 19 2018 // Bring up the insurance industry as fodder for cocktail party conversation, and the universal response is oftentimes a collective yawn. But for those in the know, the insurance sector — with a domestic surplus...
Drone Insurance Webinar Tackles the Basics and Beyond
Feb 15 2018 // The live webinar on InsuranceJournal.com on Feb. 21, 2018 at 11 a.m. PST offers an insiders look at the drone insurance business. San Diego, CA, February 15, 2018– The future is here. Drones are buzzing about the skies...
Insurers Express Support for Wisconsin Governor’s Reinsurance Plan
Feb 14 2018 // Gov. Scott Walker’s $200 million plan to reduce health care costs for people purchasing insurance through the private marketplace won support from Wisconsin’s health insurance providers, doctors and medical...
Kemper to Acquire Nonstandard Auto Insurer Infinity in $1.4 Billion Deal
Feb 13 2018 // Chicago-based insurer Kemper Corp. has agreed to acquire Birmingham-based Infinity Property and Casualty Corp. in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share, creating an insurer...
First-Hand Knowledge of Industry’s Problems Led to Idea for InsurePal’s Social Proofing
Feb 12 2018 // After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had first-hand experience of the industry’s systemic problems with fraud and rising premiums. They decided to do something...
IICF Raises Over $900K for Nonprofits in Texas and the Region
Feb 9 2018 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, announced that 650 insurance professionals and industry supporters...
How Disasters Expose Challenges and Opportunities for Insurance
Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...
Technology Partnerships Key to Insurance Industry’s Exit from `Stone Age:’ Aviva CEO
Feb 6 2018 // The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s...
Willis Towers Watson Makes Staff Changes in Florida, Taps Zutel to Lead CRB Business
Feb 2 2018 // Willis Towers Watson has appointed Fred Zutel as Corporate Risk and Broking (CRB) market leader for Florida, where he will focus on delivering the company’s property & casualty insurance broking services to...
