Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How Will Economic Pressures Affect the Property/Casualty Industry?
Jun 5 2023 // How could the current economic environment affect workers’ compensation — and the property and casualty insurance industry overall – in 2023? That’s a question that insurance veteran Robert Hartwig...
Viewpoint: Could Increasing Ransomware Frequency Bring Back Repeat of Hard Market?
May 25 2023 // Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in cyber was in 2021 when an onslaught of ransomware and high-profile...
U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P
May 24 2023 // An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most of the property/casualty industry underwriting red ink during the first quarter. The U.S. P/C...
How Will Economic Pressures Affect P/C Industry?
May 22 2023 // How could the current economic environment affect workers compensation – and the property and casualty insurance industry overall – in 2023? Earlier this month, insurance veteran Robert Hartwig forecasted...
Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals: J.D. Power Study
May 22 2023 // Saving money is the primary focus of consumers searching for auto insurance, according to the J.D. Power 2023 U.S. Insurance Shopping Study. Now in its 17th year, the report highlights the increasing focus on cost as...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
May 22 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...
It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market
May 10 2023 // With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable...
J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals
Apr 28 2023 // State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for auto insurance,...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
Apr 27 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...
Insurance Industry Leaders Warn Not to Do This When Facing Inflation and Recession
Apr 26 2023 // This post is part of a series sponsored by AgentSync. If the U.S. or global economy falls into a recession, it won’t be the first time – nor will it be the last. Despite the urge to take your foot off the gas,...
Will Insurtech Help the Insurance Industry Survive a Hardening Market?
Apr 19 2023 // This post is part of a series sponsored by AgentSync. Supply chain disruptions, increased consumer demands, a tight labor market, a global pandemic, a couple natural disasters, and a war. These are just a few of the causes...
Insurance Industry Charitable Foundation Launches 2023 Step Up Challenge:
Apr 18 2023 // Annual challenge begins April 24, raises funds in the fight against childhood hunger in US & UK LOS ANGELES (April 13, 2021) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization...
Young Agent Optimism Wanes as Challenging U.S. Economy, Hard Market Continues Andrea Wells
Apr 17 2023 // Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system,...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Apr 17 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association...
Taking Care of Business: Workers’ Comp Opportunities in a Soft Market
Apr 17 2023 // Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar,...
How Covid-19 Transformed the Insurance Industry
Apr 14 2023 // This post is part of a series sponsored by AgentSync. Across the insurance distribution channel, everyone from the largest carriers to individual insurance consumers have witnessed a “digital transformation” to...
Markets/Coverages: Apollo Forms ICX Consortium to Drive Insurance Industry Innovation
Apr 13 2023 // Apollo, the London-based independent specialist re/insurer, announced its new ICX Consortium through its “Apollo ibott 1971” division, which provides data-driven embedded insurance solutions for the...
Workplace Shootings Are on The Rise; Here’s How the Insurance Industry Can Respond
Apr 3 2023 // Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Mar 29 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The...
