Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
U.S. Treasury Releases Report on Global Reinsurance Industry
Dec 31 2014 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry. The report, Breadth and Scope of the...
Report: Texas Insurance Industry Impacts State Economy in a Big Way
Dec 23 2014 // A new study commissioned by group of state and national trade associations shows that the insurance industry — including both the property/casualty and life/health sectors — positively impacts the Texas economy. For...
Risk Modelers Working on Tools for Gauging Cyber Attack Risk
Dec 23 2014 // Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to...
Risk Modelers Aim to Gauge Risks of ‘Cyber Hurricane’
Dec 22 2014 // Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to...
With TRIA Renewal Efforts Killed, Some Predict Market Chaos
Dec 18 2014 // Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for 2015, they predicted...
UK Government, Insurers Reach Agreement to Establish Flood Re
Dec 18 2014 // The UK’s insurance industry and Government have announced the final agreement securing the development and delivery of Flood Re, described as a “pooled insurance system which will allow even the highest risk...
IICF Midwest Awards $545K in Grants to Local Non-Profits
Dec 17 2014 // The Insurance Industry Charitable Foundation’s (IICF) Midwest Division announced it is awarding $545,000 in community grants to local non-profit organizations in Illinois, Michigan, Nebraska, Ohio and Wisconsin for...
Carrier Management, Insurance Journal Win Folio Media Awards
Dec 15 2014 // Wells Media Group’s newest publication for property/casualty insurance industry, Carrier Management, is making its mark in the publishing world, garnering three honors at last week’s 2014 Eddie and Ozzie...
Getting Local with the Insurance Industry Charitable Foundation
Dec 15 2014 // The Insurance Industry Charitable Foundation (IICF), established in 1994, helps communities by uniting the collective strengths of the industry to provide grants, volunteer service and leadership. Since its inception, IICF...
Evolving Regulation and Its Impact on Insurers’ M&A Strategies
Dec 15 2014 // It appears that the insurance industry is having an easier time emerging from the financial crisis than entering the new regulatory environment, particularly as it relates to nonorganic growth. With increasingly healthy...
P/C Direct Premium Written Up 4.6 Percent
Dec 15 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record-high for the industry. For 2013, total DPW for all...
The Spirit of Life: P/C Insurance Industry Helps Find a Cure for Cancer
Dec 15 2014 // The past year will be remembered as a special year for the City of Hope and its insurance industry supporters. The industry, which has been supporting the cancer treatment and research center for 36 years, broke all...
Praeger: Insurance Industry in Kansas Grew by $6B During Tenure
Dec 15 2014 // Outgoing Kansas Insurance Commissioner Sandy Praeger says the insurance industry has grown from an $11 billion industry to a $17 billion one during the time she has been in office. Praeger, who chose not to run for...
IICF Northeast Announces $1.2M in Grants to Local Nonprofits
Dec 12 2014 // The Insurance Industry Charitable Foundation (IICF) announced $1.2 million in grants to 16 local and regional nonprofits at its 8th Annual Northeast Benefit dinner Wednesday in New York. The event was attended by 900...
Insurance Industry Is Leader on Climate Change, Report Says
Dec 4 2014 // The insurance industry is being called out by an international research institution for its progressive attitude on climate change. A white paper put out by the nonprofit Urban Land Institute this week urges the real...
CoreLogic: Taking Big Data Analytics to New Customers and Consumers
Dec 2 2014 // Imagine an insured taking a photo of a property that gives underwriters every bit of information they need to assess the risk. CoreLogic is working to make that happen sooner rather than later. CoreLogic, a provider of...
Small Business Insurance Market Primed for Consolidation
Dec 1 2014 // If heavy competition breeds consolidation, then the property/casualty small business insurance market is ripe for it in the coming years. Both large and small insurers devote lots of attention to the space, but no single...
Program Market a Target for Expansion, Good & Bad
Dec 1 2014 // Market Outpacing Overall P/C Industry The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion. However, while program business is attracting...
Removing Barriers to More Private Flood Insurance
Dec 1 2014 // A House Financial Services subcommittee recently held hearing to focus attention on legislation sponsored by two Florida representatives who want to encourage more flood insurance sales by private insurers as an...
India’s Opposition Party Could Support Insurance Industry Liberalization
Nov 25 2014 // India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime...
