Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
RIMS Report: Insurance Gamechangers Include Cyber, Talent, Data
May 1 2015 // Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern of the insurance industry today, a group of underwriters and brokers told risk...
N.Y.’s New Regulations Aim to Reduce Title Insurance Costs
Apr 29 2015 // New York Gov. Andrew Cuomo announced new regulations Wednesday that would crack down on what officials describe as kickbacks and other improper expenditures in the state’s title insurance industry. These improper...
California’s Armitage Given Big “I” Highest Honor
Apr 24 2015 // The Independent Insurance Agents & Brokers has given Jim Armitage the Woodworth Memorial Award, the highest honor IIABA bestows on one of its members, during the annual Big “I” legislative...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
Apr 23 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
Compare.com CEO’s Vision for the Future – Right or Wrong
Apr 21 2015 // As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in...
Industry, Consumer Group Spokesman Express Opposition to Texas Windstorm Bill
Apr 20 2015 // It’s not often you find an area of agreement between the property/casualty insurance industry and consumer advocacy organizations, but a Texas bill addressing the state’s coastal windstorm insurance pool has...
Young Agents Survey: The Next Generation Steps Up
Apr 20 2015 // You can download the PDF of the Young Agents Survey Results for free, compliments of Foremost Insurance Group. The independent insurance agency system is getting older. So much so that the average age of a U.S. insurance...
Southeast Schools Hoping to Fill Need for Insurance Cybersecurity Experts
Apr 20 2015 // The insurance industry, like other businesses, has come to realize it needs to do more to protect its companies, customers, employees and portfolios from cyber threats. Cyber-savvy professionals are in high-demand and are...
TigerRisk Partners Appoints Ursano President
Apr 17 2015 // TigerRisk Partners LLC, the reinsurance broking and risk/capital management firm, announced that it has appointed Tony Ursano, a veteran investment banker and reinsurance expert, as its President. He will help “grow...
Hot Insurance Markets for 2015
Apr 14 2015 // This year’s “Hot Markets” report for property/casualty insurance agents and brokers includes some not-so-usual suspects along with tried-and-true markets enjoying growth. Insurance Journal examined...
Nonstandard Auto Insurance Market Is Not For Everybody
Apr 13 2015 // The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But...
How Another Country’s Insurance Industry Is Facing Climate Change
Apr 9 2015 // Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other...
ASEAN Open Market Will Benefit Region’s Insurance Industry: Best’s Report
Apr 9 2015 // While the planned year-end timeline for 10 Southeast Asia nations forging ahead under a single, open economic market appears to be slipping, the region’s insurance industry has reached common ground on the benefits...
NEW CEO of CAP Dealing with Changing Med Mal Market
Apr 8 2015 // A potentially hardening market and a paradigm shift in how healthcare is delivered are just two issues Sarah Pacini has had to face since her first day on the job. Pacini is CEO of Los Angeles, Calif.-based Cooperative of...
How to Improve Insurance Industry Ethics
Apr 8 2015 // Support from leaders at the top of organizations is the key to improving the ethical climate in the insurance industry, according to a new survey of industry professionals. Punishing bad actors is one of the least...
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
Insurance Industry Says Cyber Threat Database Needed
Apr 6 2015 // Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, along with losses and...
IICF Club100 in Hollywood Recognized Insurance Pros for Charity
Apr 6 2015 // The Insurance Industry Charitable Foundation’s Club100 event at the Avalon Hollywood in Hollywood, Calif., on March 30 drew more than 200 industry professionals to help raise funds for charity. The annual IICF event...
Google Takes the Wheel
Apr 6 2015 // When Google stepped into the insurance ring last month, the industry took note. Some said agents and the insurance industry should be concerned. Others said Google Compare, as the new service is named, is nothing new in...
PERILS Updates Insurance Industry Exposure Database & Adds Austria
Apr 1 2015 // Catastrophe insurance data provider PERILS AG announced the release of the 2015 update for its Industry Exposure Database (IED), “contains updated market-wide property sums insured for European windstorm for the...
