Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Bill Creating North Dakota Health Reinsurance Pool Advances
Feb 22 2019 // Proposed legislation in North Dakota that would establish invisible reinsurance pool for the individual health insurance market, unanimously passed the North Dakota House of Representatives, the state insurance department...
McChristian, Proksa to Lead Insurance, Risk Management Programs at Gies College of Business
Feb 21 2019 // The University of Illinois’ Gies College of Business has named Lynne McChristian and Corrie Proksa to lead its insurance and risk management programs. McChristian has been named director of the Office of Risk...
JBA Broadens Access to Sri Lanka Flood Model to Help Bridge Protection Gap
Feb 19 2019 // JBA Risk Management has released its Sri Lanka Flood Model onto Simplitium’s ModEx platform. The initiative is specifically aimed at broadening accessibility to the Sri Lanka model for both the insurance and wider...
Employees Have Upper Hand in Today’s Agency Job Market
Feb 18 2019 // Owners Must Show Them the Money, Culture and Other Perks As the insurance industry unemployment rate continues to hover at 1.7 percent, which is lower than the national average of 3.9 percent, insurance agencies face stiff...
New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
Feb 15 2019 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
California Weighs Buying Disaster Insurance Policy to Cover Wildfire Costs
Feb 14 2019 // California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill...
Expect Direct Online to Gain in Small Commercial Insurance Market Share: Novarica
Feb 14 2019 // Changes in small business owners’ online habits and new market entrants are driving market demand for online purchasing of insurance, according to a report from advisory firm Novarica, which sees direct online sales...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Navigating Today’s Nonprofit Insurance Market
Feb 4 2019 // Nonprofits are a lot like most insurance clients; there’s not much difference. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their...
Reaching the Moonshot Goal in Flood Insurance Coverage
Feb 4 2019 // The private flood insurance industry made significant strides to insure more households against the peril of flood in 2018. Factor in recent major flood events and an ever-changing regulatory landscape, and the role of...
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
Expert Ponders California Wildfire Commission, Other Solutions to State’s Severe Seasons
Feb 4 2019 // Establishing a California Wildfire Commission is just one idea an expert is tossing out to help the state deal with worsening fire seasons. James Woods was formerly co-leader of Mayer Brown’s Global Insurance...
Insurance Industry Predicts Super Bowl LIII Winner
Feb 1 2019 // This Sunday, Jared Goff (in his third NFL season) and the Los Angeles Rams face off against Tom Brady (in his 19th NFL season) and the New England Patriots. Insurance Journal’s Academy of Insurance asked the...
Expert Ponders California Wildfire Commission, Other Solutions to State’s Severe Seasons
Jan 29 2019 // Powered by InsuranceJournal.tv Establishing a California Wildfire Commission is just one idea an expert is tossing out to help the state deal with worsening fire seasons. James Woods was formerly co-leader of Mayer...
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, Distracted Driving
Jan 29 2019 // For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according...
‘Resilient’ Bermuda Reinsurance Market Copes with U.S. Tax Reform, Catastrophes
Jan 25 2019 // Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market...
Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group
Jan 24 2019 // Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Industry Trends to Exploit for 2019
Jan 21 2019 // It is time to take out our crystal ball and plan for 2019 and how our insurance industry will be impacted by the trends around us. Those that consider these changes, and plan ahead, will usually be in a better position...
