Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
The FSB’s Report Misses The Mark
Sep 23 2013 // In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are a sport and called “football,” they couldn’t be more different. They have...
Good Times in Surplus Lines
Sep 23 2013 // Wholesalers Thrive Amid Change The surplus lines industry is letting the good times roll. Well, not exactly. But times are good and getting better for wholesalers and insurers doing business in the specialty insurance...
Garamendi Says Economy Needs Insurance
Sep 23 2013 // Editor’s note: This is part of a series on insurance professionals in politics. This is a national series. Some of the articles focused on the Western U.S. region can be read in the pages of this issue of Insurance...
Pennsylvania’s Eichelberger Brings Business Skills to Legislature
Sep 23 2013 // Pennsylvania State Sen. John H. Eichelberger Jr. (R – Blair) is an insurance professional who has achieved success in two highly competitive worlds: insurance agency business and legislative politics. Eichelberger...
Insurance Good Training Ground for Political Leadership
Sep 23 2013 // When it comes to current or former occupations of state and federal lawmakers, that of insurance producer is not one of the most commonly listed, but perhaps it should be. The variety of skills one necessarily develops...
Opinion: Insurance Industry Changes to Follow Wicked Colorado Weather
Sep 20 2013 // As the sun peaked out of the normally bright blue Colorado sky, homeowners and businesses began to assess the damage done by the 100-year flood, as weather experts have labeled the devastating rain that pummeled the...
N.Y. Proposes Sweeping Rules to Reform ‘Force-Placed’ Insurance Business
Sep 19 2013 // New York State officials today proposed a comprehensive set of rules to reform the “force-placed” — also known as “lender-placed” or “creditor-placed” — insurance industry in...
Brokers Urge Renewal of ‘Essential’ Federal Terrorism Insurance
Sep 19 2013 // The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill. Peter J. Beshar, executive vice...
Insured Losses from July 10 Ohio Storms at Least $72 million
Sep 18 2013 // Ohio’s widespread severe thunderstorms on July 10 that included flooding and three tornadoes caused between $71.5 and $84.8 million in insured losses, according to insurance industry estimates. Excessive rain during...
Video Interviews – Coming to Your Screen – a Sneak Preview
Sep 16 2013 // Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air the views from some...
Aon Benfield Launches its 13th Hazards Conference in Australia Next Week
Sep 16 2013 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc is hosting its 13th Biennial Hazards Conference in Australia next week from the 22nd to the 24th of September with the theme of “Think...
Insurance Pros in Politics: Garamendi Says Economy Needs Insurance
Sep 13 2013 // When it comes to mixing insurance and politics Congressman John Garamendi, D-California, can be considered an authority on the topic. While Garamendi never served professionally in the insurance industry, after the...
David Wroe Named to Astonish Board of Directors
Sep 13 2013 // Warwick, RI, 9/13/13 – Astonish, a leading technology, marketing, and training company dedicated solely to the needs of insurance agencies, announces the election of David Wroe to its board of directors. Wroe started his...
Alternative Capital Dominates Discussions at Reinsurance Rendez-vous
Sep 11 2013 // The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note...
Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers
Sep 11 2013 // Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to...
Insurance Pros in Politics: Insurance Good Training Ground for Political Leadership
Sep 10 2013 // When it comes to current or former occupations of state and federal lawmakers, that of insurance producer is not one of the most commonly listed, but perhaps it should be. The variety of skills one necessarily develops...
Insurance Pros in Politics: Midwest Politicians Work as Insurance Advocates
Sep 10 2013 // Those who have worked in the insurance industry and now practice politics in the Midwest say they are able to provide valuable insight into policies and insurance laws that affect their state’s important industries...
Workers’ Compensation Market: Challenges Remain Despite Recent Improvements
Sep 9 2013 // The market for workers’ compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully through the first...
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Lloyd’s Chairman Nelson Says Insurance Investment Boom Creates Risk
Sep 5 2013 // A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from investment funds has...
