Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Annual IICF Week of Giving Puts ‘Face on Insurance’
Dec 17 2018 // Hundreds of volunteers attending an insurance conference in Chicago, Ill., took a chunk of their free time writing thank you notes to servicemen and women and well-wishes notes to children living in low-income...
Ohio Insurance Market at a Glance
Dec 17 2018 // With $84 billion in premium volume, Ohio is the 19th largest insurance market in the world and the seventh largest in the United States, the state’s insurance department says in its annual report for 2018. Ohio...
The Bad News About High Auto Insurance Customer Satisfaction
Dec 10 2018 // Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For...
Verisk to Acquire London Market Pricing Software Firm Rulebook
Dec 3 2018 // U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be...
9 Month Results Show U.S. P/C Insurance Pivot to Big Profit: A.M. Best
Dec 3 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...
People
Dec 3 2018 // San Diego, Calif.-based Wells Media Group Inc. has named Ashley Berg sales and marketing coordinator. Wells Media has also named Kelly de la Mora sales manager of Claims Journal. Berg will be responsible for a variety of...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
How the Insurance Market Will Expand in an Age of Autonomous Vehicles
Dec 3 2018 // Though it’s estimated that by 2025, auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage,...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
Analysts Weigh Chances Next Congress Will Actually Reform Flood Insurance
Nov 28 2018 // With the clock ticking on the National Flood Insurance Program’s authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of several routes:...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance
Nov 27 2018 // The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
Florida Picks Up the Pieces from Powerful Hurricane Michael
Nov 20 2018 // This photo shows debris and destruction in Mexico Beach, Fla., Friday, Oct. 12, 2018, after Hurricane Michael went through the area on Oct. 10. Mexico Beach, the ground-zero town, was nearly obliterated by the hurricane,....
What Agents Should Know About Cryptocurrency Insurance Market
Nov 19 2018 // Powered by InsuranceJournal.tv Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in,...
The Next Generation: Students Speak Out on Technology Issues
Nov 19 2018 // It’s no secret that the workforce in the insurance industry is aging and 400,000 positions are projected to open up in the next two years. Insurers and agents alike have debated how best to attract the next...
Insurance Industry Kept Promises to Hurricane Victims; Now Tested by Wildfires
Nov 16 2018 // Between the devastating wildfires in California and the destructive forces of Hurricanes Florence and Michael on the East Coast earlier this fall, the property/casualty insurance market has been put to the test this...
Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting
Nov 15 2018 // An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry...
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
Nov 15 2018 // JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its...
