Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Industry Trends to Exploit for 2020
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry. That is why it is imperative for agency owners to...
Employment Practices – Liability Claims in 2020
Jan 13 2020 // After Back to the Future 2 was released in 1989, moviegoers could observe Marty McFly as he traveled to his version of 2015 where fingerprints were used to identify a person, to unlock the front door of a house and to pay...
Insurance Journal’s Top 10 Cyber Insurance Stories of 2019
Jan 10 2020 // An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for 2018, the most recent year data was available, stating that it has seen continued growth and underwriting...
More Than a Dozen Florida Insurers Facing Ratings Downgrades
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else
Jan 8 2020 // Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and improve diversity, or risk losing their jobs. The warning follows last year’s...
Insurance Industry Calls for Action to Mitigate Climate Risk as Australia Bushfires Widen
Jan 8 2020 // As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an area more than five...
Pinnacle Actuarial Resources Names Mosler Principal, Consulting Actuary
Jan 8 2020 // Actuarial consulting firm Pinnacle Actuarial Resources, Inc. has named Tim Mosler a principal and consulting actuary. He will continue to be based in the firm’s Atlanta office. Mosler joined Pinnacle in 2014 and has...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Insurance Market Shrinking as Senior Living Industry Grows
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
Insurance Journal’s Top 10 Southeast Region Stories of 2019
Jan 2 2020 // It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the...
Why Small Business Liability Insurance Must Be Advanced Into the Digital Age
Dec 30 2019 // Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing...
IICF Raises $1.14M at Annual Benefit Dinner Honoring Markel Corporation
Dec 24 2019 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised $1.14 million at its 13th Annual Northeast Benefit Dinner held December 11 at...
Underwriters and Insureds Taking Harder Look at Commercial Property Risks
Dec 24 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Insurance Protections Expanded in California Wildfire Areas
Dec 20 2019 // More than a million California homes are now protected under a new state order that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced this...
Independent Insurance Agent Group Rep Calling Attention to Climate Change Dangers
Dec 19 2019 // A representative for an independent insurance agent group in one state has penned an opinion column calling attention to the dangers posed by climate change. “Going forward, our state remains vulnerable to the...
A Passion for Learning Is Driving Force for J.M. Wilson’s Galecka
Dec 16 2019 // One the things Kristy Galecka loves about the property/casualty insurance industry is there’s always an opportunity to learn something new. Like many others, Galecka “fell into” the insurance business...
City of Hope’s 2019 Efforts Raising Hope for Disease Cures
Dec 16 2019 // The City of Hope’s National Insurance Industry Council had another strong year of raising funds, holding events, and helping out people suffering from diabetes and cancer, according to Ken Birkett, director of...
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
P/C Direct Premium Written Up 4.9%
Dec 16 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% over 2017, an increase...
Driver Privacy Concerns in Auto Insurance. There’s an App for That.
Dec 13 2019 // Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a car...
