Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
April 1 Renewals Saw ‘Disciplined Softening’ with Ample Capacity: Aon & Willis Re
Apr 7 2017 // With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1...
I.I.I.: Why ProPublica Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
Apr 5 2017 // It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically charge unfairly high...
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
Florida Senator Alleges ‘Smear Campaign’ After Industry-Backed AOB Bill Stalls
Apr 5 2017 // A bill backed by the insurance industry to curb the abuse of Florida’s one-way attorney fee statute in assignment of benefit claims has stalled as lawmakers opted to instead advance what the insurance industry and...
Paragon Insurance Holdings in Connecticut Hires Faust as CFO
Apr 4 2017 // Paragon Insurance Holdings LLC (Paragon), an Avon, Conn.-based multi-line specialty program manager, has added Justin Faust to the Paragon executive management team as Chief Financial Officer. “Justin will lead...
Forget Insurtech. What About Us? Young Agents Speak Out in Annual Survey Report
Apr 3 2017 // Young agents want more tech tools to compete. With so much attention lavished on insurtech startups that vow to replace them, young insurance agents feel they are being shortchanged in the race to invest in insurance...
Insurance Charity Benefits Make-A-Wish, Honors Wells Chief
Apr 3 2017 // In a room packed with insurance industry professionals, an undeniable air of gratitude hung over those who were doing the giving. Speaker after speaker came up and talked to the audience at a charity event about how...
Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ
Mar 31 2017 // A Qatar Insurance Co. SAQ unit has signed a lease for a new headquarters close to the Lloyd’s of London insurance market, which is more than twice the size of the company’s existing premises. Antares...
How Insurance Markets Could Be Affected If GOP Reduces Essential Benefits
Mar 24 2017 // Rules on what benefits health insurance plans must cover have become a major negotiating point as Republicans wrangle votes to repeal Obamacare, even though removing the regulations is likely to upset U.S. insurance...
Flintstones vs. Jetsons, a Broker Success Story, and How Agencies Can Survive Insurtech
Mar 23 2017 // “If we survive the next five to 10 years and improve the way we do things, we can be well-positioned into the future.” James Keating, founder, chairman and CEO of The Keating Group, offered those positive words...
XL Catlin Appoints QBE’s Tuplin as Head of Cyber & TMT, International
Mar 23 2017 // XL Catlin’s insurance operations has appointed James Tuplin as head of Cyber and Technology, Media & Telecoms (TMT), International. In this role, Tuplin is responsible for the underwriting of cyber insurance, as...
Half of Global Insurance Premium Growth Tied to China: Allianz Research
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the...
Consumer Group Warns on Trump Budget Cut of Flood Map Funds
Mar 21 2017 // A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a consumer group said on...
Industry Disruption and the Future of Talent: The Jacobson Group’s David Coons
Mar 20 2017 // From smart TVs and live streaming turning the entertainment industry on its head, to mobile health monitoring systems that are revolutionizing the way patients interact with their doctors, disruption is changing the way...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Texas Senate Committee Hears Testimony on Tweaked ‘Hail Litigation’ Bill
Mar 20 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
2016 a Strong Year for North Carolina Captive Insurance Industry
Mar 20 2017 // Growth of North Carolina’s captive insurance company program once again exceeded expectations during the program’s third full year of operation, according to Insurance Commissioner Mike Causey. During 2016, the...
Insurance Agency Manager McVey Named West Virginia Insurance Commissioner
Mar 20 2017 // West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been...
Insurance Charity Benefits Make-A-Wish, Honors Wells Chief
Mar 17 2017 // In a room packed with insurance industry professionals, an undeniable air of gratitude hung over those who were doing the giving. Speaker after speaker came up and talked to the audience at a charity event about how...
Author of Texas ‘Hailstorm’ Bill Says ‘Significant Changes’ Made
Mar 15 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
