Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
Capital Oversupply Could Pressure Reinsurers to Lower Rates
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With...
DeGraide Named to DVIC Strategic Board
Sep 3 2013 // Fort Myers, FL, 9/3/13 – Disabled Veterans Insurance Careers, dedicated to helping disabled U.S. veterans by providing new opportunities for training and employment in the insurance industry, announces the election of...
Bellotti to Receive Award From Insurance Library Association of Boston
Aug 27 2013 // The Insurance Library Association of Boston announced that Francis X. Bellotti, vice chairman of the board of the Arbella Insurance Group and of counsel at law firm Mintz Levin, has been named the 2013 Insurance...
Insurance Industry Plans 8th Annual Tour of Texas Coast
Aug 23 2013 // For the eighth year in a row insurance spokesmen will team with the Texas Department of Insurance and meteorologists from the National Weather Service to advise Texas coastal residents of the potential dangers of...
Mass. Division of Insurance Approves 2 New Entrants to State’s Auto Insurance Market
Aug 20 2013 // The Massachusetts Division of Insurance announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers. The Division of Insurance said that...
P/C Direct Premium Written Up Nearly 4.8%
Aug 19 2013 // Direct premium written (DPW) for property/casualty insurance companies continued its upward trend during the first quarter of 2013. At year-end 2012, the industry reported more than $523 billion of DPW — an all-time...
Hong Kong’s Li to Tap ex-AIA Deputy as New Insurance CEO: Sources
Aug 16 2013 // Hong Kong businessman Richard Li, the youngest son of Asia’s richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the...
Insurers, Government Grapple with Costs of Growth in Wildland-Urban Interface
Aug 15 2013 // The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to wildfire-prone areas in ever...
