Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
A Look Back and Ahead with Nationwide Ventures’ Michael Miller
Jan 25 2016 // Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has stepped into a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic...
Insurance Noodle Expands Quoting to Homeowners Insurance Market
Jan 22 2016 // Insurance Noodle, a membership-based online platform for insurance agents, has rolled out its new homeowner’s insurance quoting capabilities. Agents who join Insurance Noodle can now access homeowner’s quotes...
Florida Group Calls for Transparency in McCarty Replacement Search
Jan 22 2016 // The Florida Association of Insurance Reform has asked Gov. Rick Scott and his Cabinet, which consists of Chief Financial Officer Jeff Atwater, State Attorney General Pam Bondi, and State Agricultural Commissioner Adam...
XL Catlin Applies for License to Open Reinsurance Branch in India
Jan 21 2016 // XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in...
Florida’s Citizens Policy Count Reaches Lowest Level on Record
Jan 21 2016 // Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest...
Liberty Mutual Completes Chile M&A; Cámbara Named CEO of Chile Operations
Jan 15 2016 // Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta...
China’s Insurance Marketplace Explained in California Symposium
Jan 13 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
60% of P/C Execs See 2016 Much Like 2015; 55% Expect Democrat to Win White House
Jan 13 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do not expect the economy...
Report: Mississippi Insurers Not Overcharging Coastal Residents
Jan 12 2016 // Results of Mississippi’s Property Insurance Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade
Jan 12 2016 // An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its...
2016 Insurance Industry Meetings & Conventions Directory
Jan 11 2016 // Welcome to Insurance Journal‘s 2016 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer Lemonade
Jan 11 2016 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Jan 11 2016 // We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood Insurance...
For P/C Insurance Rates, 2015 Ended on Another Downward Note: MarketScout
Jan 5 2016 // While it may seem like the property/casualty insurance industry has been in a soft market for a long time, it’s actually only been four months, according to one brokerage executive who tracks pricing every...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best
Jan 5 2016 // Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re
Jan 4 2016 // Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on...
12 Insurance Talks to Hear Before the Ball Drops
Dec 31 2015 // As a property/casualty insurance professional, you had a lot on your plate in 2015. You didn’t get to watch, listen to or read everything you wanted. From the 2015 Wells Media archives, here are some talks you may...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Dec 30 2015 // “We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
