Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
After the Storms: The Insurance Industry to the Rescue
Dec 18 2017 // When disaster strikes, the insurance industry plays a critical role in helping affected individuals, businesses and communities get back on their feet. After all, an insurance policy is a promise to pay when tragedy and...
Inspiration
Dec 18 2017 // It’s not very often that Insurance Journal editors have the pleasure of publishing good news. We have enjoyed pulling together this special issue of Insurance Journal – The Charity Issue — that is filled...
The Road to a Rebound After 2017 Storms, Wildfires: Fitch
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Insurance Industry Bands Together to Make a Difference in North Carolina City
Dec 18 2017 // A group of insurance and risk management professionals are working together to make a difference in one of North Carolina’s largest cities. The group, Community Matters: Insurance Partners of Charlotte, started in...
6 Industry Trends to Exploit for 2018
Dec 18 2017 // To prepare for the future, business owners need to observe what trends are occurring and then evaluate how those trends could impact their business. It is a guessing game, but an educated guess is usually proven to be...
Northern California Agency Owner Answers Christmas Wishes of Single Mothers in Need
Dec 18 2017 // Commercial Coverage Insurance Agency Owner Samantha Tradelius approaches running the nonprofit she started two years ago, The Sparkle Foundation, in the same manner she runs her insurance agency: it’s about taking...
It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch
Dec 11 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Note to the Insurance Industry: Marijuana Is a Thing
Dec 4 2017 // It’s high time the insurance industry embraces marijuana. That’s because pot has entered the mainstream. To date, 29 states and the District of Columbia have legalized medical marijuana, eight states (plus...
Program Business Sector Revenue Jumps 11.7% from 2014 to 2016: TMPAA
Dec 4 2017 // The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program...
Trump Nominates Life Industry’s Workman to Replace Woodall on Financial Stability Panel
Dec 1 2017 // President Donald Trump wants Thomas E. Workman, an attorney and former life insurer trade group leader, to be the independent insurance industry’s voting member of the Financial Stability Oversight Council (FSOC) for...
Insurers’ Asbestos Payments in 2016 Topped $3 Billion
Nov 30 2017 // While U.S. asbestos-related incurred losses dropped in 2016, property/casualty insurers’ payments for asbestos claims grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2...
Insurance Industry Increases Spending With California Diverse Suppliers By $670M
Nov 28 2017 // California Insurance Commissioner Dave Jones announced at the 6th Annual Insurance Diversity Summit this week that California diverse businesses supplied $1.6 billion in goods and services to insurance companies last...
What to Expect for Commercial Insurance Pricing for 2018: WTW’s Marketplace Realities
Nov 20 2017 // Commercial insurance buyers should brace for rate increases for 2018 as the industry continues to tally losses following one of the most financially disruptive hurricane seasons in history, according to global insurance...
Impact of Recent Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Impact of Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
People
Nov 20 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has appointed Bill Doucette as vice president of Human Resources and Organization...
Grapes of Wrath: Insurance Fallout from the Wine Country Wildfires
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
Impact of Recent Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Brand Strength, Serial Acquirers to Drive Next Wave of Insurance M&As: Willis Towers Watson
Nov 16 2017 // Fewer insurance mergers and acquisitions (M&As) are being completed these day but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in conjunction with M&A...
5 Ways the Insurance Industry Can Improve Cybersecurity: Former U.S. Security Chief Clarke
Nov 15 2017 // “The insurance industry has a great record of solving problems where government regulation didn’t because the government either didn’t know how to regulate, or the government wouldn’t...
