Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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May 21 2018 // Woodruff Sawyer has expanded its New England office’s leadership structure due to growth it has seen in the past two years. As part of this initiative, it has positioned its three leaders in roles that designed to...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
Insurance Journal Launches IJ Pro, A New Member Platform
May 16 2018 // May 16, 2018, San Diego, CA — Today Insurance Journal announces the launch of a new member platform, called “IJ Pro”. What is it? It’s an enhanced experience for Insurance Journal’s most loyal...
How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
May 14 2018 // Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional...
Insurance Flipsides: Countering the Industry’s Negative Perception Problem
May 10 2018 // The editors at Wells Media have long noticed that the insurance industry is viewed rather negatively by “civilians” – your customers. As a result, we are beginning a regular series of columns, called...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 10 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
Insurance Journal Blog Seeks Input to Feature ‘Flipsides’ of Insurance Industry
May 9 2018 // Insurance Journal has launched a blog titled “Insurance Flipsides” to highlight stories that don’t often get told about the insurance industry. The editors would like this to be a collaborative effort and...
Regulators Looking at Health Insurance Reform Options in North Dakota
May 8 2018 // The North Dakota Insurance Department is seeking to work with a consultant in order to perform actuarial and other analysis of state proposals to reform North Dakota’s individual health insurance market, the agency...
Florida’s Ex- Commissioner McCarty Says Banks ‘Need Skin In’ Mitigation Game
May 8 2018 // Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane resiliency, according to a former state insurance commissioner. Banks are currently unmotivated to protect...
P/C Direct Premium Written Up 4.7 Percent in 2017
May 7 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, more than $607 billion of DPW was reported. For 2017, total DPW for all P/C insurers...
Flood, Tax Relief, Cyber Security: Risk Managers’ View on the Political Turmoil in Washington
May 7 2018 // Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That...
Insurer Sees Growth in Insurance Market for Telemedicine Providers
May 4 2018 // As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature...
Explaining a Policy to Someone Who Knows Better
May 2 2018 // A good friend and colleague forwarded me a press release written and sent out by a public adjusting company. Since I was wondering what to write about this week, I’m truly grateful for the article, but when I read...
U.S. Insurers Not Doing Enough on Sustainability, New Report Shows
Apr 26 2018 // A new report from a sustainability advocate gives two green thumbs down to the U.S. insurance industry for its inability to grow its efforts, or its interest, in dealing with climate change compared with other sectors. The...
Lloyd’s to End Most Paper Trading by End of 2019
Apr 24 2018 // Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance market in the world...
How Insurance Brokers, Risk Managers View the Political Dysfunction in Washington
Apr 20 2018 // Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That...
Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield
Apr 18 2018 // Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. Indeed, capital...
IICF Southeast Division Awards $473K in Grants to Nonprofits in Texas, Region
Apr 17 2018 // The Insurance Industry Charitable Foundation (IICF) Southeast Division has awarded $473,000 in community grants to 24 nonprofit organizations that champion the causes of children at risk, education and military...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
Wisconsin-Based Accelerator Boosts Startups in Insurance and Beyond
Apr 16 2018 // The insurance industry is not the only focus of the Madison, Wisconsin-based startup accelerator, gener8tor, but insurance is its oldest and largest operational sector. Founded in 2012 by attorneys Troy Vosseller and Joe...
