Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Insurers in Dash for Expertise to Master Cyber Risk Insurance
Jul 14 2014 // Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers...
Hidden Perils of California’s Proposed Health Insurance Price Controls
Jul 7 2014 // In November, California voters will decide whether to implement state government price controls on health insurance. Insurance agents and brokers are certain to be asked by their clients whether this ballot measure merits...
MAPFRE Insurance Enters Pennsylvania Auto, Home Insurance Market
Jul 3 2014 // MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners...
CGSC Expands Wholesale Brokerage Business in Latin America
Jul 3 2014 // Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance broker, announced plans to expand its Swett & Crawford wholesale brokerage business into the Latin American market. The growth...
UN, IIS, Willis Urge ‘Convergence of Communities’ to Face Climate Change
Jul 2 2014 // The third day of the International Insurance Society’s Annual Seminar was an all-day session devoted entirely to the threat posed by climate change, the studies of its risks and the solutions available to face...
Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State
Jun 27 2014 // The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert...
50th International Insurance Society Seminar Convenes in London
Jun 23 2014 // The International Insurance Society (IIS) has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened this morning in London at the Park Plaza...
Texas Property/Casualty Symposium to Focus on Insurance Industry Changes
Jun 19 2014 // The Insurance Council of Texas (ICT) will host its 22nd Annual Mid-Year Property & Casualty Symposium in Austin on July 17. Speakers include industry leaders from the Insurance Information Institute (III), the...
House Panel Unveils TRIA Extension Bill
Jun 17 2014 // Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose. Introduced by Rep. Randy Neugebauer, R-Texas, chairman of...
How New Capital is Changing P/C Industry and What To Do About It
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital...
Progress Report on Women, Diversity in the P/C Industry with IICF
Jun 16 2014 // Three property/casualty insurance industry women executives discuss the value of diversity in the industry, progress they see being made in increasing diversity at their own companies and across the industry, and what...
Nationwide to Re-Enter N.J. Auto Insurance Market
Jun 16 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on June 6 that Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin...
U.K. Insurers Should Cap Replacement-Car Costs, Watchdog Says
Jun 12 2014 // U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion...
California Regulators Want Insurers to Speed Up Ridesharing Policies
Jun 11 2014 // The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers. A proposal issued by CPUC on Tuesday further defines ridesharing...
N.H. Businesses Vexed by Latest Delay in Small Group Health Insurance Market
Jun 9 2014 // New Hampshire businesses aren’t happy with the latest delay in the small group health insurance market created by the Affordable Care Act, but some are more understanding than others. Companies have been able to...
Nationwide to Re-Enter New Jersey’s Auto Insurance Market
Jun 6 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said today Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin offering auto...
Geneva Association Appoints D’Hulster as Secretary General
Jun 3 2014 // International insurance economics think tank, The Geneva Association, has appointed Anna Maria D’Hulster as Secretary General and Managing Director.She has held a number of senior executive and board roles in the...
U.S. Report: Climate Change Here, Deal With It
Jun 2 2014 // Climate change is in the here and now, according to a massive new report. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of...
Various Factors Contributing to Stability in Property/Casualty Insurance Market
May 29 2014 // The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current...
