Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Some Reinsurance Increases But No Hard Market
Jul 23 2012 // Rate increases in the North American and international reinsurance markets are due to modest losses and poor results – not a hardening market, according to a report from Willis Re. The mid-year renewals report,...
No Falling Sky
Jul 23 2012 // “The economic sky is not falling.” That’s the opinion, at least, of Robert P. Hartwig, Ph.D., president and economist at the Insurance Information Institute. Hartwig told attendees at an insurance...
Geneva Association Survey Targets ‘Inappropriate Regulation,’ Economic Crisis
Jul 18 2012 // A bulletin from the insurance think tank The Geneva Association notes that “leaders of the insurance industry have significant concerns about the effects of inappropriate regulation and the effects of the current...
Let the 2012 Olympic Games Insurance Challenges Begin!
Jul 17 2012 // As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in London. Lee Tookey,...
Oklahoma Governor, Insurance Commissioner Visit Lloyd’s of London
Jul 17 2012 // Oklahoma Gov. Mary Fallin, Insurance Commissioner John D. Doak and insurance industry executives, have met with insurance market representatives at Lloyd’s of London to discuss the state’s $15 billion insurance...
Health, Benefits Market Offers Growth Opportunities for Midwest Agents
Jul 11 2012 // For many independent property/casualty agencies, one bright spot of opportunity in an era of otherwise lackluster growth has been the health and benefits market. Over the course of the past four or five years, savvy P/C...
Number of Uninsured Drivers on Texas Roads Drops
Jul 5 2012 // The number of uninsured drivers in Texas has dropped more than 38 percent from a year ago, state statistics show, and officials attribute the decline to a program focused on getting those drivers either insured or off the...
Willis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk
Jul 5 2012 // The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against growing concerns about natural disasters and, in the process, helps ensure a...
Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn
Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Facebook Fiasco Disrupting IPO Insurance Market
Jul 2 2012 // The Facebook initial public offering (IPO) fallout has started and its effects are being felt in the area of directors and officers insurance coverage for future social media IPOs. “D&O underwriters will view...
Actuaries Say Individual Mandate Key to Viable Health Insurance Market
Jun 29 2012 // The U.S. Supreme Court’s ruling to keep the Affordable Care Act largely intact is a step toward ensuring that health insurance markets attract a broad cross section of risk, a cornerstone to any viable health...
EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market
Jun 29 2012 // Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick-started, according to a recently released report from the European...
Insurance Industry Charitable Foundation to Host ‘Week of Giving’
Jun 28 2012 // The Insurance Industry Charitable Foundation (IICF) has expanded its traditional weeklong insurance volunteerism event in October to include an industrywide effort to boost charitable donations by insurance professionals....
Reactions to Healthcare Ruling Coming In; What’s Yours?
Jun 28 2012 // Industry and other reactions to the U.S. Supreme Court decision upholding the Patient Protection and Affordable Care Act have been coming in. Readers are encouraged to offer their own reactions in Comments...
Kent State Announces New Bachelor’s Degree in Insurance Studies
Jun 27 2012 // Ohio’s Kent State University announced it will offer a bachelor’s degree in insurance studies. The Ohio Board of Regents recently approved the new degree, which will initially be offered only at Kent State...
P/C Industry 2011 Loss Reserve Position Sufficient, but Challenged: Conning Research
Jun 27 2012 // The property/casualty industry appears to have sufficient reserves, but older reserves continue to develop adversely in 2011, according to analysis by Conning Research & Consulting. “Our view of the...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Best Special Report on Russia Says ‘Insurance Revolution Begins to Gain Pace’
Jun 26 2012 // A.M. Best ahs issued a special report – “Russia’s Insurance Revolution Begins to Gain Pace,” which notes that “insurance penetration is low, even when including compulsory lines such as...
