Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Municipal Bond Insurance Industry Busier Than Ever After Decade-Long Slump
Jun 26 2020 // As the coronavirus pandemic rips through the finances of state and local governments, municipal-bond insurers are busier than they’ve been in years. Since early May, about 10% of new bond sales have been offered with...
Washington D.C.’s Incapsulate Hires Siegel to Insurance Industry Team
Jun 25 2020 // Incapsulate has hired insurance veteran Stephen Siegel to its insurance industry team. For more than 25 years, Siegel has worked with companies in all segments of insurance including life, property and casualty, group,...
Cannabis Broker Spotlight: Boden With Crouse Went All-in on the Budding Industry
Jun 25 2020 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
Jun 25 2020 // According to Dorothy in the Wizard of Oz, there’s no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of people in other...
Some Facts About London’s Role in Insuring the Slave Trade
Jun 19 2020 // London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism. This reappraisal was triggered by the death of George Floyd, a black man who died after a...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
Vermont Governor Signs New Captive Insurance Industry Legislation
Jun 16 2020 // Vermont Governor Phil Scott has signed new legislation that aims to strengthen Vermont’s captive insurance laws, increase efficiencies and add flexibility to regulatory policy and procedures. “COVID-19 has...
Charles Taylor Taps Former AXA Executive Brown as Group CEO
Jun 16 2020 // Charles Taylor, the London-based provider of services and technology solutions to the global insurance market, has appointed Rob Brown as group chief executive officer. With more than three decades of industry experience,...
Autonomous Car Makers at Odds With Insurance Industry Study Claiming Low Estimate of Crashes
Jun 15 2020 // Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated...
Insuretech Noblr Enters Louisiana Auto Insurance Market
Jun 12 2020 // Behavior-based auto insurance from Noblr is now available in Louisiana, the company said. The company provides an app-powered, personalized car insurance experience that rewards members’ good driving behaviors with...
How Coronavirus Could Further Stress an Already-Stressed D&O Insurance Market
Jun 12 2020 // Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to...
Lloyd’s Insurer Lancashire Holdings Raises US$352M to Target Hard Market Opportunities
Jun 10 2020 // Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares. The Lloyd’s insurer said it intends to use the proceeds of...
Measuring the Moment: How Will George Floyd’s Death Matter to Insurance Industry?
Jun 10 2020 // The marches and protests across the globe sparked by the death of George Floyd by Minneapolis police are presenting the country with opportunities to confront the racism and inequality that African-Americans confront every...
The BIG Idea for Business Interruption Coverage: What It Is and Isn’t
Jun 10 2020 // Good faith coverage disputes over pandemic-related business interruption coverage don’t have to be fought out in courts, and retroactive rewrites of business interruption coverage language are unfair, according to a...
California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill
Jun 9 2020 // A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate...
Diverging Views: Is COVID a One-Off Catastrophe or Not?
Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...
Insurers Prepare for Claims as East States See Property Damage from Civil Unrest
Jun 4 2020 // Scenes that played out over the past few days in several East region states are serving as a stark reminder for the insurance industry of civil unrest that took place in New York and other U.S. states more than 50 years...
How Florida’s Strained Insurance Market is Facing COVID-19, Hurricane Season
Jun 3 2020 // From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020. Then came the...
Pandemic Reinsurance Solution Gains Wide Support from UK Re/Insurance Industry
Jun 1 2020 // UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating...
Stress Testing Shows Most Insurers to Withstand Pandemic Hit
Jun 1 2020 // Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good news: “most...
