Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Insurers Express Support for Wisconsin Governor’s Reinsurance Plan
Feb 14 2018 // Gov. Scott Walker’s $200 million plan to reduce health care costs for people purchasing insurance through the private marketplace won support from Wisconsin’s health insurance providers, doctors and medical...
Kemper to Acquire Nonstandard Auto Insurer Infinity in $1.4 Billion Deal
Feb 13 2018 // Chicago-based insurer Kemper Corp. has agreed to acquire Birmingham-based Infinity Property and Casualty Corp. in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share, creating an insurer...
First-Hand Knowledge of Industry’s Problems Led to Idea for InsurePal’s Social Proofing
Feb 12 2018 // After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had first-hand experience of the industry’s systemic problems with fraud and rising premiums. They decided to do something...
IICF Raises Over $900K for Nonprofits in Texas and the Region
Feb 9 2018 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, announced that 650 insurance professionals and industry supporters...
How Disasters Expose Challenges and Opportunities for Insurance
Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...
Technology Partnerships Key to Insurance Industry’s Exit from `Stone Age:’ Aviva CEO
Feb 6 2018 // The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s...
Willis Towers Watson Makes Staff Changes in Florida, Taps Zutel to Lead CRB Business
Feb 2 2018 // Willis Towers Watson has appointed Fred Zutel as Corporate Risk and Broking (CRB) market leader for Florida, where he will focus on delivering the company’s property & casualty insurance broking services to...
Insurance Industry Making ‘Significant Contributions’ in Climate Change Battle, Report Shows
Jan 25 2018 // The insurance industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and...
California-based Law Firm Representing Insurers Takes ‘Solution-Oriented’ Approach
Jan 25 2018 // It’s no coincidence that the word “solutions” is included in the name of a new law firm representing insurers that recently launched in California. Woods Group Solutions, headquartered in Sonoma, Calif.,...
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
ACORD Names Maine’s The MEMIC Group Top Workers’ Comp Company in U.S.
Jan 25 2018 // The MEMIC Group, a Portland, Maine-headquartered workers’ compensation carrier, has been ranked the top workers’ compensation company in the U.S. by the Association for Cooperative Operations Research and...
Keeping Flood Insurance Above Water: Commentary
Jan 25 2018 // With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform...
Northern California Agency Owner Answers Christmas Wishes of Single Mothers in Need
Jan 25 2018 // Hundreds of rolls of donated wrapping paper and volunteers ready for the Sparkle Foundation’s annual wrap-a-thon held on Dec. 9, 2017. More than 150 volunteers turned out to wrap Christmas gifts for 28 families in...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR
Jan 23 2018 // A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on...
In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market
Jan 23 2018 // In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He...
What Government Shutdown Means for P/C Insurance Industry
Jan 22 2018 // The property/casualty insurance industry is not immune to any economic effects the federal government shutdown may bring but since the industry is largely regulated by the states, not Washington, the impact on the industry...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Kentucky Reports $10.5M Returned to Insurance Consumers in 2017
Jan 22 2018 // The Kentucky Department of Insurance’s (DOI) Consumer Protection Division returned over $15 million to Kentucky consumers during 2017, the department said in a statement. Consumers received over $10.5 million in...
Aon Benfield’s Christian Named Chair of ClimateWise, Raising Climate Risk Resilience
Jan 18 2018 // Dominic Christian, executive chairman of Aon Benfield International, has been appointed chair of ClimateWise, an organization that aims to help the insurance industry respond to the risks and opportunities of the...
Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back,...
