Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird
Oct 16 2014 // Houston, TX, October 16, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a...
Insurer Group Honors 3 Tennessee Lawmakers for Litigation Funding Law
Oct 15 2014 // The National Association of Mutual Insurance Companies presented its State Legislator of the Year Award to three Tennessee state legislators. Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson were recognized...
Best Report: Spain’s Insurance Market Remains Profitable
Oct 14 2014 // As Spain’s economy shows signs of improvement, there are indications that the decline in the country’s non-life insurance market has slowed in 2014, aided by growth in the health insurance sector, according to...
Florida’s Insurance Industry a Big Contributor to State Economy
Oct 8 2014 // Its status as a low-lying peninsula jutting 500 miles into the warmest, most hurricane-active waters in the world makes Florida one of the riskiest places to live. So it comes as no surprise that the cost to insure...
ANV’s CEO Multitasks His Management of an Expanding Company
Oct 6 2014 // Matt Fairfield, the founder and CEO of Dutch specialty insurance group ANV, has a lot on his plate managing the company’s activities in insurance, reinsurance and the Lloyd’s market. Carrier Management caught...
Marijuana Insurance Industry: How High Can It Go?
Oct 1 2014 // Editor’s Note: This is the first in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include reports on how medical marijuana could affect the...
Interview: D&O Cyber Liability, Cyber Risks Top Lawyers’ Agenda
Oct 1 2014 // Jeff Kingsley, a partner with the law firm of Goldberg and Segalla, specializes in technology risks, notably cyber liability and cyber risk, an emerging sector with many variables and pit falls for the unwary, which he...
Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion
Sep 29 2014 // Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion...
GNY Insurance Cos.’ Heck to Retire; Daughter to Succeed Him As CEO
Sep 25 2014 // Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He’ll remain at the insurer as non-executive chairman. His daughter, Elizabeth Heck, currently president and chief...
