Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Lockton, Children’s Bureau Honored by Insurance Industry
Mar 22 2019 // Service was at the heart of Timothy J. Noonan’s main message. The Lockton Cos. president and CEO was talking about the service insurance professionals give to their clients and about the service the industry gives to...
Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace
Mar 22 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Climate Activists Petition for Carriers in California to Reveal Fossil Fuel Insureds
Mar 21 2019 // More than 60 environmental, consumer and social justice organizations on Thursday delivered a petition to California Insurance Commissioner Ricardo Lara seeking what is believed would be the first regulations in the nation...
Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows
Mar 19 2019 // A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say. The recently released study was conducted by...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
P/C Direct Premium Written Up 5.9 Percent
Mar 18 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, over $636 billion of DPW was reported, a record high for the industry. For 2017, total DPW...
Consumer Advocacy in an Age of Consumer, Insurer Options
Mar 18 2019 // Today’s Insurance Consumer Advocates Are Tackling Some New and Old Issues Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They...
New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market
Mar 15 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate...
Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry
Mar 14 2019 // Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and...
Insurers Remain Cautious About Marijuana Insurance Market
Mar 14 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key...
How to Serve Today’s Nonprofit Insurance Market
Mar 8 2019 // Nonprofits are a lot like most insurance clients. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their mission. But they also seek agents who...
ChainThat to Launch Blockchain-Driven Re/Insurance Risk Exchange in Bermuda
Mar 6 2019 // A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and insurance companies...
Report: Insurers in Texas Provide Security, Investment and Jobs for Texans
Mar 4 2019 // A new report shows the impact of the insurance industry in Texas and the contributions it makes to the state. In addition to providing financial security and helping manage risk for Texans in all walks of life, insurance...
2019 Outlook: Rates, Deductibles Likely to Rise Again in Texas Homeowners Insurance Market
Mar 4 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate...
Will 7th Time Be the Charm? Industry Makes Big Push for AOB Reform in 2019
Feb 28 2019 // The push for assignment of benefits (AOB) reform in the 2019 Florida legislative session is in full swing, and the insurance industry and consumer advocates have pulled out all the stops to emphasize their contention that...
Illinois’ Pinnacle Actuarial Promotes Hillebrandt, Cortner
Feb 27 2019 // Pinnacle Actuarial Resources Inc. (Pinnacle), based in Bloomington, Illinois, has promoted Aaron N. Hillebrandt to director and consulting actuary and Christopher C. Cortner to consulting actuary. Hillebrandt is based in...
What Young Insurance Agents Earn, Think and Say
Feb 27 2019 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
A.M. Best Sees $12 Billion P/C Insurance Underwriting Loss for 2018
Feb 27 2019 // The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018,...
Insurance Council of Texas Seeks Leadership Award Candidates
Feb 26 2019 // Property/casualty insurance trade group, the Insurance Council of Texas, is seeing candidate nominations for its annual industry leadership award. Since 1998, has awarded its Raymond Mauk Leadership Award to an individual...
