Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
TNCs, Insurers Square Off at California Hearing
Mar 21 2014 // Update: California Commissioner Dave Jones made his initial recommendations on insurance issues and transportation network companies. Update: Excess and surplus carrier James River Insurance Co. said it’s not leaving...
Fla Cat Fund Missing Out on Best Reinsurance Market Ever
Mar 20 2014 // Coming into 2014, we had modest expectations of the potential for significant property insurance reform in Florida. Given that it is an election year – and one featuring the return to prominence of our old friend Charlie...
Willis Opens Representative Office in Myanmar
Mar 20 2014 // Willis Group Holdings plc announced that it has opened a representative office in Myanmar that signals its commitment to the country’s growing insurance industry. Willis said the “office in Yangon will support...
Uber Announces New Policy to Cover Gap
Mar 14 2014 // Ridesharing company Uber on Friday said it has new insurance to cover a gap between personal and commercial policies when drivers are using the app-based ridesharing service, while the company’s CEO said the San...
P/C Reinsurance Market Softer Due to Alternative Capital: Execs
Mar 14 2014 // A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about...
Alternative Capital Softening P&C Reinsurance Market: Towers Watson CFO Survey
Mar 12 2014 // A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer than the primary...
Insurance Company Stability
Mar 10 2014 // Many years ago, a well-known insurance company went from being highly rated to insolvent almost in a fortnight. Most people in the industry older than 50 years old remember that time. The failure was a shock that created...
Labor Study Shows P/C Insurers Plan to Hire, Grow Significantly
Mar 10 2014 // More than half of all insurance companies say they plan to increase staff in 2014, although hiring for the most-in-demand positions may prove difficult. That’s according to the latest Semi-Annual U.S. Insurance Labor...
Tony Markel Leads City of Hope Fund Raising Effort
Mar 10 2014 // Tony Markel was recently honored for his work on a national campaign to raise $1 billion for cancer research. Markel, known as the name and the man behind building Markel Corp. into one of the largest property/casualty...
Brewing Boom
Mar 10 2014 // Microbrewers Make Their Mark The craft beer industry has been chipping away at the U.S. domestic beer market throughout the past decade. And the pace of growth in this specialty niche is not expected to stop anytime...
A Buyer’s Market for Reinsurance
Mar 10 2014 // For insurance companies, now is a good time to buy reinsurance. Prices are down and terms and conditions are favorable, according to Mathew Wulf, vice president, state relations and assistant general counsel, for the...
Travelers, InVEST Team Up to Develop Young Professionals
Mar 7 2014 // The Travelers Cos., in partnership with InVEST, a nationwide school-to-career nonprofit program, is helping to improve insurance and financial literacy in students and attract young talent for the insurance...
The Future of Drones in the Insurance Industry
Mar 7 2014 // After a catastrophe hits, mobile units filled with adjusters are on site to evaluate property damage. Flash forward five years and an insured may never meet the property adjuster handling his or her claim. Instead, a drone...
Private Market Could Grow As Government Flood Insurance Prices Rise: Fitch
Mar 6 2014 // As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, it remains to be seen...
Tony Markel Leads City of Hope Fund Raising Effort
Mar 3 2014 // Prev Next Tony Markel, of Markel Corp., talks about raising funds for cancer research. Tony Markel, of Markel Corp., was honored as national chair of City of Hope’s Power of Hope campaign. Tony Markel was recently...
IronPro Enters Fidelity, Crime Insurance Market
Mar 3 2014 // IronPro, the U.S. professional and management liability unit of Ironshore Inc., is entering the fidelity & crime insurance market with product capacity limits available of up to $30 million. Kevin Finn has been named...
Insurance Units’ Profits Drive Berkshire Hathaway
Mar 3 2014 // Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with...
Malaysian Insurance Institute Signs Agreement with Cambodia Insurance Ass’n.
Mar 3 2014 // The Malaysian Insurance Institute (MII) and the Insurance Association of Cambodia (IAC) have signed a Memorandum of Understanding (MoU) for “a bilateral collaboration to forge a beneficial business relationship to...
Study Shows P/C Insurers Plan to Hire, Grow Significantly in 2014
Feb 27 2014 // More than half of all insurance companies responding to a recent survey say they plan to increase staff in 2014. Although hiring for the most-in-demand positions may prove difficult. That’s according to the latest...
