Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How to Exploit Current Trends for 2013
Jan 14 2013 // One needs to understand and exploit current and future trends in order to be proactive. It is easy to predicate trends by understanding recurring cycles and applying that knowledge to the current insurance marketplace. So...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
CNA’s Motamed to Chair 2nd Annual IICF – Midwest Benefit Dinner
Jan 9 2013 // Thomas F. Motamed, chairman and chief executive officer of CNA Financial Corp., will act as chairman of the Insurance Industry Charitable Foundation (IICF) – Midwest’s 2nd Annual Blazing the Trail Benefit Dinner,...
Evolution of Cyber Coverage: How to Sell to Today’s Businesses
Jan 2 2013 // The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Program Specialists: Thriving in All Market Conditions
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
Insurers Divided Over North Carolina Auto Insurance Rate System
Dec 28 2012 // A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs...
Events that Topped World Insurance News in 2012
Dec 28 2012 // While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t...
Art Insurers Face Record Loss from Superstorm Sandy
Dec 21 2012 // Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York. Work by 1960s graphic artist and...
Insurance Industry to Add Jobs in 2013
Dec 17 2012 // The insurance industry job outlook for 2013 looks good. Hiring appears to be steady, with 54.5 percent of companies saying they intend to increase staff, and 77.4 percent expect to grow revenue in the next year, a survey...
E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Dec 17 2012 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
IICF Northeast Division Awards Record Total of Grants
Dec 13 2012 // The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is...
Lloyd’s, JLT to Cover Unprecedented Antarctic Winter Crossing
Dec 13 2012 // Lloyd’s of London announced that “broker Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the...
Geneva Association Analysis Compares 28 Banks’, Insurers’ Systemic Risk
Dec 11 2012 // International insurance think tank, The Geneva Association has published a cross-industry analysis comparing the named 28 Global Systemically Important Banks (G-SIBs) to 28 of the world’s largest insurers on...
South Carolina Health Insurance Market Among Least Competitive: AMA
Dec 10 2012 // An American Medical Association analysis found that South Carolina has one of the country’s least competitive health insurance markets. The country’s leading lobby group for physicians said South Carolina has...
Building Momentum in the Construction Market
Dec 5 2012 // After four years of one of the most challenging construction markets, construction insurance experts are beginning to see signs of a slow recovery with some of their contractor and builder accounts. The current...
Study: North Dakota Health Insurance Market Near Monopoly
Dec 5 2012 // An American Medical Association study concludes that North Dakota’s health insurance market is almost a monopoly but the state’s dominant health insurer says consumers are not getting gouged. The study says a...
