Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Midwest Regulation Report Card: States’ Grades Range from A to D
Dec 22 2016 // Grades assigned to the insurance regulatory systems in the Midwest states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin range from A to D in a...
Southeast Regulation Report Card: North Carolina Flunks; Florida, South Carolina Dispute Grades
Dec 22 2016 // North Carolina ranks the worst of all 50 states when it comes to insurance regulation, according to a 2016 insurance regulation report card by an insurance industry think tank. The R Street Institute’s 2016 Insurance...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M
Dec 20 2016 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, has announced that more than 900 insurance professionals attended its...
Battle Over Property Claims and Litigation in Texas Set to Continue in 2017
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe...
Cyber Market Hampered by Insurability Challenges: Report
Dec 19 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market, according to a new report...
Florida Ruling Against Insurer in Concurrent Loss Case ‘Not a Surprise’
Dec 19 2016 // The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Dec 19 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
Property Claims and Litigation Likely on Texas 2017 Legislative Docket
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will likely be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following...
What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power
Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According...
Wanted: Young Insurance Recruiters
Dec 19 2016 // Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar...
A Survivor’s Story: City of Hope and Marshall Cotta
Dec 19 2016 // More than 10,000 children in the United States under the age of 15 were diagnosed with cancer in 2016. And the rate of childhood cancer has been rising slightly for several decades, according to the American Cancer...
Top Florida Stories of 2016: Florida’s Evolving Flood Market
Dec 16 2016 // Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood...
Top Florida Stories of 2016: McCarty Resigns as Commissioner, Altmaier Takes the Reins
Dec 15 2016 // Kevin McCarty’s decision to resign as Florida’s insurance commissioner at the beginning of the year after 13 years in the position rocked the state’s insurance world. It also set the stage for a political...
52 Million Americans Under Age 65 Have Pre-Existing Health Conditions: Kaiser
Dec 15 2016 // A new Kaiser Family Foundation study finds that 52 million adults under 65 – or 27 percent of that population — have pre-existing health conditions that would likely make them uninsurable if they applied for individual...
Top Florida Stories of 2016: The End of Florida’s Hurricane Drought
Dec 14 2016 // In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida Panhandle, bringing significant storm surge to the Tampa Bay area before slowly...
Tax Reformers Must Take Care Not to Kill Reinsurance Market
Dec 13 2016 // During the 2016 presidential election, one theme from President-elect Donald Trump rang louder than any other: the importance of keeping jobs in America and finding ways to encourage (or perhaps force) companies that have...
Wanted: Young Insurance Professionals to Help Recruit Others
Dec 13 2016 // Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar...
Canada’s P/C Insurance Market Stable with Good Demand: Moody’s
Dec 12 2016 // The outlook for the Canadian property and casualty (P/C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, says Moody’s Investors Service in a report. However, these...
Cyber Market Hampered by Insurability Challenges: Geneva Assoc. Report
Dec 9 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report...
