Latest Market Headlines

All the headlines from our Market Topic Page, ordered by recency.

Insurance Career Month: Why Industry Must Rethink Recruitment Strategies

Feb 6 2017 // With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, it’s incumbent on carriers to consider the ways in...

Minding Your Business: Trends to Exploit in 2017

Feb 6 2017 // It is a new era for our country, with President Donald Trump coming into power with the theme to “Make America Great Again.” Perhaps it is also the time to do the same for agency planning. Are there things in...

Opinion: The Insurance Industry’s Image Problem & How They Can Fix It

Feb 3 2017 // The insurance industry has an image problem. That is probably not really breaking news to anyone reading this, but it’s an important topic to discuss and one the industry can address and, believe it or not, an issue...

Connecticut Governor Says Budget Plan Will Lower Taxes for Insurance Industry

Feb 3 2017 // Connecticut Governor Dannel P. Malloy says his two-year state budget proposal will reduce taxes for Connecticut’s insurance industry. The Democrat said Monday he wants to lower the tax rate that insurers pay on...

Texas Governor Calls for Legislation to Rein in Hailstorm Litigation

Feb 2 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...

Insurance Careers Month Asks Young Insurance Professionals to ‘Spread the Word’

Feb 1 2017 // The second annual Insurance Careers Month kicks off today, Feb. 1, with organizers hoping to rally young insurance professionals around the world to “share pride in their careers and stimulate interest in the...

IICF to Honor Wells Media Chief, Grant $400K to Nonprofits at Los Angeles Gala

Jan 30 2017 // Hundreds of insurance professionals and representatives from local nonprofits will convene on March 16 for the Insurance Industry Charitable Foundation’s annual Horizon Award Gala at the Natural History Museum of Los...

How State Insurance Regulators May Help Insurers Innovate

Jan 30 2017 // Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in...

Insurance Industry Rethinking Recruitment Strategies

Jan 27 2017 // With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, its incumbent on carriers to consider the ways in which...

Wells Fargo Market Outlook Has Favorable News for Cyber Security

Jan 26 2017 // San Francisco, Calif.-based Wells Fargo Insurance released its 2017 Insurance Market Outlook and Employee Benefits Outlook reports showing this year’s property/casualty insurance market will again be favorable to...

P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines

Jan 25 2017 // Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends...

Zurich North America Names Leaders of Realigned Commercial Divisions

Jan 25 2017 // Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North...

Now in Paperback: Sales Training Book Equips Millennial Insurance Agents to Serve Retiring Baby Boomers

Jan 25 2017 // Featuring sales tips and scripts from more than 35 experienced insurance agents selling Final Expense life insurance and Medicare Supplements, Portland, OR, January 23, 2017 – Consistently top-rated in Amazon reviews and...

California Insurance Commissioner Prevails in Insurance Industry’s Legal Challenge

Jan 24 2017 // In a 7-0 decision, the California Supreme Court has affirmed the authority of Insurance Commissioner Dave Jones in a legal challenge brought by the insurance industry, the California Department of Insurance...

P/C Insurance Executives Express Cautious Optimism for 2017

Jan 23 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held...

Swiss Re to Open a Reinsurance Branch in India

Jan 23 2017 // Swiss Re has received the approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai. With the composite branch license, Swiss Re will be able to operate in India and offer...

Reinsurance Market Stabilizing But Competition Still Intense

Jan 23 2017 // The bottom of the reinsurance market may be in sight, because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, says a report by A.M....

Tornadoes, Hurricanes and Fires… Oh My! Southeast Weathers Tough 2016

Jan 23 2017 // It is fair to say 2016 was the year of the catastrophe in the Southeast. Tornadoes, drought, floods, hurricanes and wildfires impacted virtually every state in the region. For the insurance industry, these events made for...

Top 25 Insurers: P/C Direct Premium Written Up 3.9 Percent

Jan 23 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record-high for the industry. For 2015,...

People

Jan 23 2017 // Wisconsin Insurance Commissioner Ted Nickel has been elected as president of the National Association of Insurance Commissioners (NAIC). Created in 1871, the NAIC establishes standards and conducts peer reviews for...