Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Wildfires, Dynamex Dominate California Wholesaler Conference
Jan 21 2019 // Wildfires and the Dynamex decision dominated discussions at an insurance wholesaler conference in early January. The California Wholesaler Association conference in La Jolla, Calif., from Jan. 6 to Jan. 8 featured numerous...
Tennessee Insurance Head McPeak On Leading NAIC, Priorities Under New Gov
Jan 21 2019 // Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for...
RLI Promotes Mesco, Campen, Irish in Claim Department
Jan 16 2019 // Illinois-based specialty insurance company, RLI Corp. has promoted three leaders within its Claim department. Nic Mesco, assistant vice president, Claims, has been promoted to vice president, Claims, with executive...
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon
Jan 11 2019 // Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of...
Tennessee Insurance Head McPeak Talks Leading NAIC, Priorities Under New Gov
Jan 9 2019 // Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for...
Wildfires, Dynamex Dominate California Wholesaler Conference
Jan 8 2019 // Wildfires and the Dynamex decision. Those two topics dominated discussions at an insurance wholesaler conference this week. The California Wholesaler Association conference in La Jolla, Calif. from Sunday through today...
East States See Health, Flood Coverages as Key in 2019 with Insurtech, Recruitment Raising Concerns
Jan 7 2019 // From big data and blockchain to autonomous vehicles and new technology that isn’t yet on the radar, “change is inevitable” for the insurance industry in 2019. “Insurance companies, insurance...
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, and Distracted Driving
Jan 7 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...
Natural Disasters to Dominate Insurance Agenda in Texas; Oklahoma’s New Commissioner Eyes Uninsured Motorists
Jan 7 2019 // The Texas Legislature meets every two years, so when state lawmakers are in Austin, they have a lot to deal with. That’s unlikely to change when the 140-day 86th Legislature’s regular session convenes on Jan....
2018 Agents of the Year
Jan 7 2019 // Jacob Barzivand Paramount Exclusive Insurance Services Inc. | Encino, California Jacob Barzivand started working as an insurance producer right after college at the age of 20. Now, at just 26, he’s built a sizable...
2019 Insurance Industry Meetings & Conventions Directory
Jan 7 2019 // 2019 CIWA Industry Days Jan 6-8 Hilton La Jolla Torrey Pines La Jolla, CA CIWA www.ciwa.net 2019 Big ‘I’ Winter Meeting Jan 9-12 Hyatt Regency St. Louis at the Arch St. Louis, MO Independent Insurance Agents...
AXIS Capital Chairman Butt Inducted into Insurance Hall of Fame
Jan 4 2019 // AXIS Capital Holdings Ltd. announced that the International Insurance Society (IIS) has inducted Michael Butt, chairman of AXIS Capital, into the Insurance Hall of Fame and named Butt the 2019 Insurance Hall of Fame...
MSIG Hong Kong Appoints Kent as CEO as Reid Retires
Jan 4 2019 // MSIG Hong Kong announced the appointment of Philip Kent to the role of chief executive officer. He succeeds Kenneth J. Reid, who has retired after 26 years with MSIG Hong Kong. Kent most recently served as executive vice...
New Ohio Laws Address Insurer Cybersecurity, Surplus Lines, More
Jan 2 2019 // New laws in Ohio will benefit Ohio consumers while further strengthening Ohio’s robust insurance market, according to Ohio Department of Insurance Director Jillian Froment. Among the changes made by Ohio’s...
Insurance Journal Southeast’s Top Stories for 2018: Fraud, Hurricanes, Data Security Law
Dec 31 2018 // It was a busy year in the Southeast with two major hurricanes that wreaked havoc on the region, an escalating insurance crisis in Florida, and a new industry-specific cybersecurity law in South Carolina that takes effect...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the...
Signs Point to Better New Year for Nonstandard Auto Insurance Market
Dec 21 2018 // There are initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018, according...
IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited
Dec 17 2018 // The Insurance Industry Charitable Foundation (IICF) has announced that nearly $1.3 million was raised on Wednesday, December 12, at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s...
9 Month Results Show U.S. P/C Insurance Pivot to Big Profit: A.M. Best
Dec 17 2018 // The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to an A.M. Best report. Carriers booked $3.5 billion in net...
