Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Don’t Expect Surge of Private Flood Insurance Products: S&P
Jun 21 2016 // Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 20 2016 // That’s one small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We’re eventually getting autonomous cars so you don’t have to do the driving, and drones...
Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability
Jun 20 2016 // Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of Field Operations and Business...
California’s Commissioner is Asking U.S. to Stop Anthem-Cigna Deal
Jun 17 2016 // California’s insurance commissioner wants the U.S. Department of Justice to block health insurer Anthem Inc.’s acquisition of Cigna Corp, saying he is concerned it will raise premiums in the state. California...
BHSI Opens German Office, Fills Key Roles in Northern Europe
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best
Jun 15 2016 // While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line...
Startup Embroker CEO Miller Pursues ‘Massive Improvement’ Over Disruption in Commercial Insurance Brokerage
Jun 15 2016 // Within venture capital circles, the insurance industry is sexy right now. It seems not a week goes by without another startup being announced, some with niche angles such as peer-to-peer distribution, insurance for...
New .Insurance Domain Names Become Available Today
Jun 14 2016 // The internet domain extension reserved for the global insurance industry— .insurance — will become available starting today, June 14, at 8 p.m. ET. The new extension means an independent agency at...
Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
Industry Concerned About Wisconsin’s Plan to Self-Insure
Jun 10 2016 // Wisconsin insurance industry leaders are worried a potential state move toward self-insurance is already on its way to a done deal. At a Wisconsin Health News panel, panelists and audience members critiqued the possible...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 9 2016 // Powered by InsuranceJournal.tv That’s one small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We’re eventually getting autonomous cars so you don’t have...
Missouri Regulator: Risk Increases as Earthquake Insurance Market Shrinks
Jun 9 2016 // More than a half million Missourians are at risk because of the contracting earthquake insurance market, Missouri Department of Insurance Director John M. Huff said during the recent Heartland Insurance Symposium in Kansas...
Doak Deems Oklahoma Earthquake Insurance Market ‘Noncompetive’
Jun 8 2016 // Oklahoma’s top insurance regulator has determined that there’s a definite lack of competition in the earthquake insurance market in Oklahoma and ordered insurers to change the way they file rates for the...
Casualty Actuarial Society Honors 4 Universities
Jun 8 2016 // The Casualty Actuarial Society (CAS) has selected four universities to receive the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a career in the...
What Insurance Industry Can Learn from Amazon About Customer Satisfaction
Jun 6 2016 // Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the e-commerce giant....
South Carolina Commissioner Farmer: Lessons from Historic Floods
Jun 6 2016 // South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina...
Federal Reserve Unveils New Proposed Capital Rules for Large Insurers
Jun 5 2016 // American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit...
Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit
Jun 2 2016 // Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance...
Atticus Associates Launches DQPro Platform to Manage Data Quality Challenges
Jun 2 2016 // Insurance technology firm Atticus Associates has launched its data quality platform, Atticus DQPro, with London-based specialty insurer Brit Ltd. as its first customer. “DQPro has been built for the needs of the...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes
Jun 2 2016 // The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from...
