Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
House Subcommittee Renews Call for Private Flood Insurance
Nov 19 2014 // A House Financial Services subcommittee scheduled a hearing for today to focus attention on encouraging flood insurance sold by private insurers as an alternative to policies sold by the National Flood Insurance Program...
Small Business Insurance Market Primed for Consolidation
Nov 18 2014 // If heavy competition breeds consolidation, then the property/casualty small business insurance market is ripe for it in the coming years. Both large and small insurers devote lots of attention to the space, but no single...
Young Agents and the Senior Market
Nov 17 2014 // Long-Term Care Represents Opportunity for New Specialists The graying of America could be a great opportunity for young entrepreneurs, including young insurance producers. As the nation’s population continues to...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
Big Data: It Isn’t Just for Carriers
Nov 5 2014 // This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry has...
IICF’s Early Literacy Campaign with Sesame Workshop Inspires Parents, Industry
Nov 3 2014 // It’s been about a year since Elmo and Cookie Monster became part of an industry-wide effort by the Insurance Industry Charitable Foundation (IICF) to promote early literacy, and it isn’t just kids who love the...
MyPath Portal: Can It Lure Millennials to Insurance Careers?
Nov 3 2014 // With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their...
Program Business Market Grew 9.8% in 2013: TMPAA
Nov 2 2014 // Commercial property/casualty insurance program administrators outperformed the overall property/casualty insurance market last year. Program business premium revenues increased by 9.8 percent, reaching $30.1 billion in...
Regulator Takes Focus on Climate Change Preparedness
Oct 30 2014 // With a calm demeanor and in a somewhat scientific tone he doesn’t mind using while explaining his stance on something, Mike Kreidler stood by his decision to call out the insurance industry and the rest of the...
California Malpractice Proposition Hit by Polls, Studies, Spending
Oct 29 2014 // Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums. The studies and heavy...
Hedge Funds Move Into Catastrophe Reinsurance
Oct 29 2014 // Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as...
MyPath Portal Aims to Attract Millennials to Insurance Careers
Oct 23 2014 // With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their...
Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’
Oct 22 2014 // A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the...
IICF’s Early Literacy Campaign with Sesame Workshop Inspires Parents, Industry
Oct 22 2014 // It’s been about a year since Elmo and Cookie Monster became part of an industry-wide effort by the Insurance Industry Charitable Foundation (IICF) to promote early literacy, and it isn’t just the kids who have...
‘Fangate’ Stirs Florida Insurance Industry Fears Over Gubernatorial Election
Oct 21 2014 // If Florida’s insurance industry was looking for any certainty about the results of the looming governor’s race between Governor Rick Scott and former Governor Charlie Crist, they didn’t find it after last...
Litmus: More Bearish Ratings Expected for Reinsurance Sector
Oct 21 2014 // Since January the rating agencies have become increasingly negative on their outlook for ratings in the reinsurance sector overall, while in practice affirming or even increasing individual reinsurer* ratings. Standard and...
Vlocity Debuts Salesforce Cloud App for Insurance Industry
Oct 21 2014 // San Francisco-based cloud software firm Vlocity has launched an app designed for the insurance industry. The new Vlocity industry app allows large enterprise and medium-size businesses to connect with their customers,...
P/C Direct Premium Written Up 5.2% in First-Half of 2014
Oct 20 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record high for the industry. For 2013, total DPW...
Latest Colorado Hail Storm May Impact Insurance Industry Nationally
Oct 20 2014 // Colorado’s insurance industry is weighing its options after the latest hailstorm hit densely populated South Metro Denver — unusual for the Rockies in late September. What Coloradans might likely see down the...
States’ Efforts on Climate Change Adaptation: Half Full or Half Empty?
Oct 16 2014 // Who hates that glass-half-full analogy? I’m guessing more than half of you, but let’s not let that stand in the way of using the clichéd-to-death philosophical quandary to illustrate a point being made by a...
