Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Atkins Takes Over as Kentucky Insurance Commissioner as Maynard Steps Down
May 3 2017 // Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (KYDOI), in the wake of Brian Maynard’s decision to vacate the post. Maynard stepped down as commissioner of KYDOI effective...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson
May 2 2017 // The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous...
Proposed New York Regulations Crack Down on Title Insurance Industry
May 2 2017 // New York Governor Andrew M. Cuomo has announced two new proposed regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These new protections were drafted following an...
Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker
Apr 28 2017 // Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary...
31 Students Awarded Scholarships from Insurance Council of Texas
Apr 26 2017 // The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $34,500 in academic scholarships to 31 students at five Texas universities. The students attend the University of Houston Main campus,...
Realities of Today’s Commercial Insurance Market: Willis Towers Watson
Apr 26 2017 // Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers’ market. That reality holds despite potential regulatory and monetary policies pending in Washington, D.C....
Generali Expands in U.S. with Chicago, San Francisco Offices and 3 Hires
Apr 26 2017 // Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian...
Swiss Re Economists Win Award for Research on Nat Cat Protection Gap
Apr 25 2017 // The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of...
RIMS 2017: Why Cyber Should Be Treated as Standalone Insurance
Apr 24 2017 // Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT Specialty...
Q&A With Florida Commissioner Altmaier, an Agent Turned Regulator
Apr 24 2017 // Florida Insurance Commissioner David Altmaier is just about to complete his first full year in the position since taking over for Kevin McCarty last May, and there hasn’t been a dull moment since he took the...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
Better Data, Models Expand Private Flood Insurance Opportunities: Actuaries
Apr 20 2017 // As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according...
Top 25: P/C Direct Premium Written Up 4 Percent in 2016
Apr 17 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, more than $582 billion of DPW was reported. For 2016, total DPW for all P/C insurers...
Throwing Cold Water on the Insurance Industry’s Dog Bite Numbers
Apr 11 2017 // Today is National Pet Day, a day to cherish the love, entertainment and fulfillment provided to us by our animal companions. Or, if you’re in the insurance industry, it’s a day to stoke fear of dog...
Q&A: Art Theft and Its Impact on the Insurance Industry
Apr 11 2017 // Powered by InsuranceJournal.tv Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that...
April 1 Renewals Saw ‘Disciplined Softening’ with Ample Capacity: Aon & Willis Re
Apr 7 2017 // With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1...
I.I.I.: Why ProPublica Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
Apr 5 2017 // It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically charge unfairly high...
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
Florida Senator Alleges ‘Smear Campaign’ After Industry-Backed AOB Bill Stalls
Apr 5 2017 // A bill backed by the insurance industry to curb the abuse of Florida’s one-way attorney fee statute in assignment of benefit claims has stalled as lawmakers opted to instead advance what the insurance industry and...
