Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Rising Earthquake Risks and Oklahoma’s Insurance Market
Nov 21 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Will Legal Weed in California Increase Demand for It from Injured Workers?
Nov 21 2016 // Just how legalized weed in California will impact workers’ compensation is still uncertain, but what is certain is that the insurance industry can soon expect to be grappling with issues around paying for marijuana...
Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum
Nov 18 2016 // North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal with a supply-demand imbalance that has weighed on returns, according to executives at the...
Will Rising Earthquake Risks in Oklahoma Shake Up the Insurance Market?
Nov 14 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Will Legal Weed in California Increase Demand for It from Injured Workers?
Nov 10 2016 // Just how legalized weed in California will impact workers’ compensation is still uncertain, but what is certain is that the insurance industry can soon expect to be grappling with issues around paying for marijuana...
Fitch Assesses Election Impact on Health Insurance Market
Nov 10 2016 // The election that saw Donald Trump win the presidency and the Republican Party retain control of both houses of congress will significantly increase the probability of the repeal and replacement of the Affordable Care Act...
China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps
Nov 9 2016 // China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles...
Midwest World Series Inspires Insurance Industry Charitable Foundation Fundraiser
Oct 31 2016 // The Insurance Industry Charitable Foundation’s (IICF) Midwest Division has launched a World Series-related fundraising effort benefitting regional Community Grants Programs. With World Series excitement mounting...
North Carolina Insurers Want Supreme Court Review of 25% Rate Hike Denial
Oct 24 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 24 2016 // Panelists at a New York event hosted by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance industry to plan...
Dangers in Data Collection: How Much Is Too Much?
Oct 24 2016 // How to Help Insureds Manage Customer Privacy Risk Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data...
Is Training the Key to Unlocking Analytics Talent?
Oct 24 2016 // Analytics and big data are here to stay. Already creating monumental shifts in the business world, today’s analytical advancements are leading an evolution on how people think about information, track data, shop for...
The Insurance Industry of Tomorrow
Oct 24 2016 // There was a great turnout for the future of the insurance industry early this month in Las Vegas. The occasion was the first InsureTech Connect Conference, which brought together an estimated 1,500 tech entrepreneurs,...
Q2 Report: P/C Insurers’ Direct Premium Written Up 3.6 Percent
Oct 24 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion DPW was reported, a record-high. For 2015, total DPW for all P/C...
Insurance Industry Collaboration Key to Facing Disruption, III CEO Says
Oct 21 2016 // In an increasingly connected and globalized world, the insurance industry needs to work together to understand and accommodate the many disruptions it faces today and in the future, according to Sean Kevelighan, CEO of the...
Bermuda-Based Somerset Re Raises Capitalization to $375 Million
Oct 21 2016 // Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors. Somerset Re provides customized...
IICF’s Northeast Division Awards Ten Local Community Grants
Oct 20 2016 // The Insurance Industry Charitable Foundation’s (IICF) Northeast Division today announced it has awarded ten local community grants – in the amount of $2,500 each – to nonprofit organizations working outside the...
10 Takeaways from the Future of Insurance and InsureTech Connect Conference
Oct 17 2016 // You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an...
Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating
Oct 14 2016 // Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 14 2016 // Panelists at a recent New York event hosted yesterday by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance...
