Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Berkley: Google’s Entry Into Auto Insurance Should Frighten Agents
Feb 24 2015 // That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley...
Insurance Industry Needs Better Arguments for ‘Price Optimization’
Feb 23 2015 // Back in her high school days, my daughter got to be a pretty darned good field hockey player, eventually became the captain of her team. But in her sophomore year, Regina was still locked in a competition with another...
Diversity Within Insurance Industry Serves Expanding Nonprofits
Feb 23 2015 // Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance...
Risky Business: How Agents and the Industry Help Protect Farmers, Ranchers
Feb 23 2015 // When you think of hazardous jobs, what comes to mind? First responders, military professionals, even NFL football players are typically associated with some of the most dangerous jobs on earth. But what about farmers and...
Commercial Lines Softening to Continue in U.S. in 2015: Marsh
Feb 23 2015 // Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly favorable for clients with...
2015 Outlook for P/C: Profitable Despite Lower Rates, Says Wells Fargo
Feb 20 2015 // The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have...
Google to Face Same Obstacles Selling Insurance Online, Says Overstock’s Byrne
Feb 20 2015 // Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business because the giant search engine could draw more attention to buying insurance online. However,...
Treasury Troubled by Smaller Firms Not Buying Cyber Insurance
Feb 18 2015 // While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy U.S. Treasury...
US Assure Earns Industry Honors
Feb 18 2015 // Zurich award, industry association designation demonstrate company’s accomplishments Jacksonville, FL, February 18, 2015 – US Assure, a leading program administrator and insurance services provider with four...
Climate Change Regulations for Insurers Not Out of Realm of Possibility
Feb 12 2015 // Some sort of climate change regulation for the insurance industry could be just around the corner. Then again, it might not be. It’s a tossup in the eyes of Don Reed, a managing director in...
Bills Aimed at Property Claims Litigation Expected in Texas Legislative Session
Feb 11 2015 // Texas lawmakers are expected to file legislation this year aimed at stemming the tide of property claims litigation in the wake of catastrophic weather events, such as hailstorms. Proponents of such legislation would like...
N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers
Feb 9 2015 // New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry and announced a series of measures that DFS will take to help strengthen cyber hacking...
Commercial Lines Softening to Continue in U.S. in 2015: Marsh
Feb 9 2015 // Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly favorable for clients with...
Tomorrow’s Talent Challenge
Feb 9 2015 // Imagine you are CEO of a company and nearly half the employees that make your company succeed will retire in just 15 years. This is a reality for many insurance industry CEOs. Talent shortage is a major, looming...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
5 Cornerstones for Advancing the Insurance Industry’s Digital Technology Strategy in 2015
Feb 9 2015 // It is a brand new year, and for many people that means the promise and potential of resolutions, goals and aspirations. This is the time to plan, to dream, to improve. This can be said for individuals looking to shed a few...
Legislation Addressing Property Claims Litigation Likely to Crop Up in Texas
Feb 9 2015 // By the end of 2008, the Texas residual market for insuring seacoast properties for wind and hail figured it had enough resources available to pay claims for both Hurricane Ike and Hurricane Dolly that hit the Texas coast...
Illinois-Based RLI Promotes 4 in Claim Department
Feb 5 2015 // Specialty insurer, RLI Corp., based in Peoria, Ill., has promoted several leaders within the claim department. Don Driscoll, vice president, claim, has been promoted to vice president, chief claim officer. Driscoll will...
Attorneys, Insurers Facing Off over Hail Litigation in Texas
Feb 4 2015 // The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial...
Willis Re Launches Cyber Risk Modeling Tool – PRISM-Re™
Feb 3 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, announced that it has launched “the insurance industry’s first cyber risk modeling tool that will enable insurers to quantify and manage their...
