Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Fahad Al-Hesni Joins MENA Insurance CEO Club
Mar 18 2013 // The MENA Insurance CEO Club (MICC) has welcomed Fahad Al-Hesni, Managing Director and CEO of Saudi Re, as one of the new members to be inducted in 2013. The group is a networking platform dedicated to exchanging ideas and...
Michigan Association of Professional Insurance Agents Hosts Astonish’s One-Day Modern Consumer Training on March 28
Mar 18 2013 // Warwick, RI, 3/18/13 – Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Michigan and surrounding...
Texas Lawmaker Scolds Insurance Industry over Coastal Coverage
Mar 14 2013 // A state senator in Texas is taking the insurance industry to task for what he perceives as its disinterest in coming up with new approaches to solving coastal windstorm insurance issues. In a Senate committee meeting on...
SNL Analysis Highlights Sandy’s Impact on P/C Underwriting Results
Mar 14 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
CNA’s Motamed to Chair 2nd Annual IICF-Midwest Benefit Dinner
Mar 12 2013 // Thomas F. Motamed, chairman and CEO of CNA Financial Corp. will chair the Insurance Industry Charitable Foundation (IICF) – Midwest’s 2nd Annual Blazing the Trail Benefit Dinner. CNA is the presenting sponsor for...
Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study
Mar 11 2013 // After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent agents and brokers hung onto their share of the market with some independent...
Former White Mountains’ Chair, GEICO Rescuer Byrne Passes Away
Mar 11 2013 // On March 9, Bloomberg reported the passing of John “Jack” Byrne, the former chair of White Mountains Insurance Group, who is best known for turning around GEICO from near bankruptcy in the mid-1970s and taking...
Report: Senate May Reject Texas Insurance Commissioner
Mar 11 2013 // Texas Insurance Commissioner Eleanor Kitzman could have trouble winning Senate confirmation to keep her job, as Democrats with enough votes to defeat her nomination question her credentials. Appointed by Texas Gov. Rick...
Fine Art’s Place in the Insurance Market
Mar 11 2013 // Whether it’s in a museum, gallery or in a high-net-worth customer’s home, fine art and collectible items hold special places in the hearts of insureds. Andrew Gristina, the national segment leader for fine art...
Report Questions Insurer Readiness, Attitudes on Climate Change
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
Re/insurance Industry Social Media ‘MySlipcase’ Marks 9 Months
Mar 7 2013 // MySlipcase, a social media platform developed specifically for the global insurance and reinsurance industry, reported high growth in the nine months since it was launched. The company said its website now has 342...
Industry Group Testifies on Sandy Claims Handling Process in New York
Feb 27 2013 // An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American...
More Good News/Bad News for Florida Insurance Market
Feb 26 2013 // Floridians would face about $7.19 billion in post-hurricane taxes to make up the funding shortfalls of state-run Citizens Property Insurance Corp. and the Florida Hurricane Catastrophe Fund should even a 1-in-50-year storm...
Report: Senate May Reject Texas Insurance Commissioner
Feb 26 2013 // Texas Insurance Commissioner Eleanor Kitzman could have trouble winning Senate confirmation to keep her job, as Democrats with enough votes to defeat her nomination question her credentials. Kitzman was appointed by Texas...
Agency Compensation Playbook: Who’s Worth What?
Feb 25 2013 // 2013 Agency Salary Survey Managing sales in an independent agency is a team sport. From top level managers to office and support staff – every person in an agency has a role to play in helping the agency win the sales...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
Insurance Council of Texas Seeks Nominations for Group’s Highest Honor
Feb 13 2013 // The Insurance Council of Texas (ICT) announced it is seeking nominations for the Raymond Mauk Leadership Award, the Council’s highest honor. The award will be presented on July 18, at the annual Mid-Year Property and...
Xchanging Launches ‘X-presso’ – Mobile App for Claims Files
Feb 13 2013 // London-based Xchanging, the business process, procurement and technology services provider and integrator, announced the launch of its mobile application for the insurance market. Called X-presso, the new app “allows...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Feb 11 2013 // Rates for commercial lines insurance will continue to rise in 2013, thanks to above average losses, low investment returns and receding reserve releases. However, according to a report by Marsh, traditional signs of a...
A Future Filled With Driverless Cars
Feb 11 2013 // Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to enact legislation that...
