Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Navigating the Hard Market: How Proactive Communications Are Essential to Retaining and Building Business Today
Nov 21 2022 // Across all lines, the insurance industry is experiencing macro-hard markets, with large rate and premium increases, as well as re-underwritten renewals as the U.S. deals with broader economic uncertainty. Agents are also...
Report: Insurance Industry Spent $3.1B with California Diverse Businesses
Nov 14 2022 // New data from the California Department of Insurance suggests some progress in the department’s push for California’s $409 billion insurance industry to partner more with the diverse small businesses. The...
Ahem, Florida Lawmakers: State Insurance Market Badly Needs an Oil Change
Nov 7 2022 // As the Florida Legislature prepares for its 2nd Special Session on property insurance in 2022, it’s time we examine why our market sputtered out of control and discuss the necessary solutions to fix it. Many...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 17 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Why Regulatory Interference Drives Property Insurance Market Instability
Oct 17 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 12 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Oct 10 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Property Catastrophe Reinsurance Entering a True Hard Market
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Workers’ Comp Insurance Industry Backs CompScience Technology in $6M Seed Round
Sep 9 2022 // CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers, but by analyzing authentic, onsite video taken at clients’ facilities. The company...
Effects of Inflation on the Insurance Industry from Insurers to Insureds
Sep 7 2022 // This post is part of a series sponsored by AgentSync. If you’ve visited a grocery store lately, you’re well aware that the price of everything is going up. Way up. After about 14 years of consistently low...
Cyber MGA Coalition Launches in UK Insurance Market
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate &...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist
Sep 5 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
Viewpoint: Can the Florida Insurance Market Withstand Another Hurricane Andrew?
Aug 29 2022 // The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County,...
Is the Insurance Industry Ready for The Great Wealth Transfer?
Aug 24 2022 // This post is part of a series sponsored by AgentSync. Insurance carriers and agencies should start considering how to court the next generation of clients, as baby boomers will be leaving record-breaking levels of wealth...
Andrew 2.0: A Reimagined Insurance Industry
Aug 22 2022 // This post is part of a series sponsored by CoreLogic. “EXTREMELY DANGEROUS HURRICANE ANDREW BEARING DOWN ON SOUTHEAST FLORIDA… HURRICANE WARNINGS REMAIN IN EFFECT FOR THE FLORIDA EAST COAST FROM VERO BEACH...
Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
Aug 19 2022 // The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman
Aug 16 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
Speed Equals Satisfaction in a Historically Slow Insurance Industry
Aug 10 2022 // This post is part of a series sponsored by AgentSync. If there’s one thing your insurance business can do to improve both employee and client satisfaction, it’s finding a way to cut down delays and lag times in...
Insurance Industry Charitable Foundation Launches IICF Global Membership Program, Welcomes Individual Insurance Professionals to Become Members
Jul 28 2022 // Los Angeles, CA., June 27, 2022 – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, on June 1, 2022, launched their new Global...
RLI Bullish on Southeast Property Insurance Market as Others Exit
Jul 22 2022 // RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday during a second-quarter...
