Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals: J.D. Power Study
May 22 2023 // Saving money is the primary focus of consumers searching for auto insurance, according to the J.D. Power 2023 U.S. Insurance Shopping Study. Now in its 17th year, the report highlights the increasing focus on cost as...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
May 22 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...
It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market
May 10 2023 // With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable...
J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals
Apr 28 2023 // State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for auto insurance,...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
Apr 27 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...
Insurance Industry Leaders Warn Not to Do This When Facing Inflation and Recession
Apr 26 2023 // This post is part of a series sponsored by AgentSync. If the U.S. or global economy falls into a recession, it won’t be the first time – nor will it be the last. Despite the urge to take your foot off the gas,...
Will Insurtech Help the Insurance Industry Survive a Hardening Market?
Apr 19 2023 // This post is part of a series sponsored by AgentSync. Supply chain disruptions, increased consumer demands, a tight labor market, a global pandemic, a couple natural disasters, and a war. These are just a few of the causes...
Insurance Industry Charitable Foundation Launches 2023 Step Up Challenge:
Apr 18 2023 // Annual challenge begins April 24, raises funds in the fight against childhood hunger in US & UK LOS ANGELES (April 13, 2021) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization...
Young Agent Optimism Wanes as Challenging U.S. Economy, Hard Market Continues Andrea Wells
Apr 17 2023 // Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system,...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Apr 17 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association...
Taking Care of Business: Workers’ Comp Opportunities in a Soft Market
Apr 17 2023 // Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar,...
How Covid-19 Transformed the Insurance Industry
Apr 14 2023 // This post is part of a series sponsored by AgentSync. Across the insurance distribution channel, everyone from the largest carriers to individual insurance consumers have witnessed a “digital transformation” to...
Markets/Coverages: Apollo Forms ICX Consortium to Drive Insurance Industry Innovation
Apr 13 2023 // Apollo, the London-based independent specialist re/insurer, announced its new ICX Consortium through its “Apollo ibott 1971” division, which provides data-driven embedded insurance solutions for the...
Workplace Shootings Are on The Rise; Here’s How the Insurance Industry Can Respond
Apr 3 2023 // Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Mar 29 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The...
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
Mar 21 2023 // D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn’t necessarily business as usual for watchful underwriters...
4 Ways AI Can Benefit the Insurance Industry
Mar 15 2023 // This post is part of a series sponsored by AgentSync. Advancements in technology have given new life to the slow, inefficient processes common in the insurance industry. While the influx in AI-operated systems has some...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
Actions vs. Talk: Is the Insurance Industry Coming Through on DEI Commitments?
Mar 6 2023 // Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a...
