Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
U.S. Report: Climate Change Here, Deal With It
May 6 2014 // Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for...
California Legislator Introduces Ridesharing Bill
May 5 2014 // A California Assemblywoman introduced a bill in late April to regulate ridesharing companies like Uber, Lyft and Sidecar. Assembly Bill 2293, authored by Assemblywoman Susan Bonilla, D-Concord, would clarify existing...
Iowa Commissioner Gerhart: Something for Everybody at the Global Insurance Symposium
May 5 2014 // The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
10 Challenges Ahead for Workers’ Compensation
May 5 2014 // Today’s challenges are also tomorrow’s opportunities depending on the viewpoint. Those same opportunities could also remain tomorrow’s challenges. This special report highlights 10 current workers’...
Why Some Young Agents Chose Insurance as a Career
May 1 2014 // The call to become an insurance agent is different for everyone. For Matthew Ostrow the call to become an independent agent came via social media. Thirty-year old Ostrow entered insurance just five months ago after a...
Nonprofit in Maryland Builds Different Kind of Health Insurance Company
Apr 29 2014 // Maryland hadn’t had a health insurance co-op for 20 years. Then Dr. Peter Beilenson came along. Although Beilenson — who has held a number of prominent health positions — describes himself as a staunch...
W.R. Berkley Posts Q1 Gains But Cites ‘Painfully Competitive’ Reinsurance
Apr 28 2014 // For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net...
Top 5 Insurance Industry Misconceptions About Copyright
Apr 28 2014 // Few industries understand the concept of risk better than the insurance sector. But what about infringement risk? Sharing published information is essential to a company’s ability to thrive. Whether developing new...
Insurers Cooperated in Writing of Florida Rule on Gun Ownership
Apr 27 2014 // Florida lawmakers have approved legislation that supporters say will uphold a policyholder’s constitutional right to bear arms by preventing insurers from using gun ownership in underwriting. The Florida House of...
Mexico, Nicaragua Earthquakes Unlikely to Impact Insurance Industry: Fitch Ratings
Apr 25 2014 // Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these...
California Legislator Introduces Ridesharing Bill
Apr 24 2014 // A California Assemblywoman has introduced a bill to regulate ridesharing companies like Uber, Lyft and Sidecar. Assembly Bill 2293, authored by Assemblywoman Susan Bonilla, D-Concord, would clarify existing insurance laws...
MEMIC Adds to Underwriting Teams in Virginia, Maryland and Florida
Apr 24 2014 // The MEMIC Group has appointed three underwriters for its territories in Virginia, Maryland and Florida. Timothy Cook, Michael Diamond and Scott Meinke joined the group’s underwriting team as senior production...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
Infrastructure Cybersecurity
Apr 21 2014 // As the world increasingly becomes interconnected through technology and the internet the risks of cybersecurity and cyber terrorism have become increasingly real as well. Everything from aviation to manufacturing to...
What’s Next for Cyber Insurance?
Apr 21 2014 // Back to the Beginning: Moving Beyond Breaches There’s a saying in the cybersecurity industry that there are two types of businesses today: Those that have been breached and know it and those that have been breached...
Financial Regulators Tell Congress TRIA Still Needed
Apr 20 2014 // The private insurance market is not in a position to fill the gap that would be created if Congress fails to renew the federal terrorism risk insurance program, concludes a new report to Congress by the government’s...
Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium
Apr 17 2014 // The state of Iowa on May 20-22, 2014, will host its first ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
Insurance Industry Welcomes Terrorism Bill But Not Co-Pay Hike
Apr 15 2014 // Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance for passage than some...
Energy Firms Unprotected for Major Cyber Events: Willis
Apr 15 2014 // Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the...
