Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
D&O Marketplace Continues to See Softening Rates
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Tennessee Reports 37% Growth in Captive Insurance Industry
Mar 21 2016 // The Tennessee Department of Commerce & Insurance (TDCI) announced that 57 new captive insurance companies domiciled in the state in 2015 – a 37 percent increase over 2014. The new captives are comprised of 47...
How Will Paris Agreement Change The Insurance Industry?
Mar 17 2016 // The sweeping agreement to reduce carbon emissions and battle climate change hammered out by world leaders last year could be greatly transformative for the insurance and reinsurance industry, according to industry experts...
Penn. Hails House Committee Passage of Private Flood Insurance Bill
Mar 17 2016 // Pennsylvania Insurance Commissioner Teresa Miller hailed a recent vote by the U.S. House of Representatives Financial Services Committee approving the Flood Insurance Market Parity and Modernization Act (H.R. 2901). Miller...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to repurchase 1 billion...
2 Instech Startups Target Small Business Insurance Market
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
What About Cuba as an Insurance Market?
Mar 15 2016 // There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are also significant cultural and regulatory challenges, according to a report from the...
Arizona Insurance Council Now Arizona Insurance Institute
Mar 9 2016 // The board of directors of the Arizona Insurance Council has changed the name of its property/casualty insurance trade association. The group will now be operating as the Arizona Insurance Institute. The name change is to...
How Insurance for Nonprofits Has Changed for the Better
Mar 9 2016 // When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the...
Untested Cyber Coverage Remains ‘Volatile,’ Experts Say
Mar 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be...
H.W. Kaufman Financial Group Promotes Daniel J. Kaufman to Sr. VP
Mar 4 2016 // Michigan-based H.W. Kaufman Financial Group announced that Daniel J. Kaufman has been promoted to senior vice president and appointed to its board of directors. He represents the third generation of Kaufman family...
Munich Re’s Vasturia to Serve as IICF Chairman
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
House Committee Passes Private Flood Insurance Bill
Mar 2 2016 // The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance. The committee approved the Flood Insurance Market Parity and Modernization Act...
Startup Lemonade Bets Behavioral Science Can Help Insurance Not Suck
Feb 24 2016 // A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the mix will help fix it. The New York-based startup Lemonade, which is promising to be a...
Insurance Industry Analyzes Google’s Failed Online Insurance Experiment
Feb 23 2016 // The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto insurance online. Many...
Oklahoma Ponders ‘California Model’ for Earthquake Insurance
Feb 22 2016 // Oklahoma lawmakers are in the early stages of considering legislation to create a state-level “earthquake reinsurance program” that its author claims will be modeled on the California Earthquake Authority. S.B....
Study: Insurance Industry Has a Significant Economic Impact in Michigan
Feb 22 2016 // A recently released study shows the positive contributions the insurance industry makes to Michigan’s economy statewide. The report — Economic Footprint of Michigan’s Insurance Industry — was...
Agency Compensation: Unequal Pay For Women?
Feb 22 2016 // Prev Next 20160218_salary_survey_01 2016 Salary Survey 20160218_salary_survey_02 2016 Salary Survey 20160218_salary_survey_03 2016 Salary Survey 20160218_salary_survey_04 2016 Salary Survey 20160218_salary_survey_05 2016...
P/C Direct Premium Written Up 4.2 Percent
Feb 22 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually, according to a Demotech analysis. At year-end 2014, more than $570 billion of DPW was reported, a record-high...
