Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Best, Worst States for Insurance Regulation
Dec 21 2015 // Vermont, Utah, Iowa, Virginia and Kentucky get an “A” and North Carolina an “F” in one think tank’s annual grading of states on how they regulate the property/casualty insurance industry. The...
IICF Unites P/C Industry for Record Year of Giving
Dec 21 2015 // Charity begins at home… and in the office. The year 2015 was a record-setting one for charitable giving and volunteering by property/casualty insurance professionals in offices across the insurance industry. Leading...
Austin Agents Honor Ladner with Distinguished Service Award
Dec 17 2015 // The Independent Insurance Agents of Austin (IIAA) honored Gerald Ladner, State Auto’s Western Region president, with its Distinguished Service Award for 2015. Ladner won a similar award from the Independent Insurance...
IICF Northeast Benefit Dinner Raises $1.26M for Regional Charities
Dec 16 2015 // The Insurance Industry Charitable Foundation’s (IICF) 9th annual Northeast Benefit Dinner, held on Dec. 9 at New York City’s Waldorf Astoria Hotel, raised more than $1.26 million for regional charities. More...
Clear Blue, New U.S. Commercial Insurance Fronting Operation, Opens for Business
Dec 15 2015 // A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients immediately. To launch...
Scant U.S. Insurance Presence at Paris Summit, Says Ceres
Dec 10 2015 // You’d think just about everyone who’s anyone attended the massive climate change summit in Paris ending this week. The 2015 United Nations Climate Change Conference, COP 21, drew an estimated 50,000 attendees...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer
Dec 8 2015 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Cyber Security: Insurance as an Essential Part of Risk Management
Dec 7 2015 // The cost and frequency of cyber-related security threats are on the rise. Some estimates claim that one-in-six businesses have experienced a cyber attack in the past year while the cost of cyber attacks on global...
Program Business Revenue Doubles in 5 Years
Dec 7 2015 // Data Management, Technology Present Future Challenges and Opportunities for Sector The pace of growth in the program market may be slowing but it is in no way standing still. According to the most recent study from the...
Highway Bill Restores Crop Insurance Funding Cut in Budget Deal
Dec 4 2015 // The $305 billion highway bill that was agreed upon by the House and Senate and is on its way to President Obama’s desk has a little something for everyone, including farmers and crop insurers. The five-year measure,...
Best, Worst States for Insurance Regulation
Dec 1 2015 // Vermont, Utah, Iowa, Virginia and Kentucky get an “A” and North Carolina an “F” in one think tank’s annual grading of states on how they regulate the property/casualty insurance industry. The...
Kent State University’s Insurance Studies Program Sees First Graduates
Dec 1 2015 // Salem, OH, December 1, 2015 – Kent State University announced that it recently graduated the first of its majors in its Insurance Studies bachelor’s degree program. Kent State University’s Salem Campus...
Emerging Markets Are Growth Engines for Re/Insurance Industry: Swiss Re Report
Nov 25 2015 // The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according to Swiss Re’s latest publication titled “Global insurance review 2015...
London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey
Nov 23 2015 // Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
Nov 23 2015 // Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities...
IICF Touts Insurance Industry Volunteer Week Success
Nov 19 2015 // More than 8,575 insurance industry volunteers from 76 cities in 30 states provided more than 25,000 hours of service to community nonprofits during the Insurance Industry Charitable Foundation’s (IICF) Week of...
Insurance Industry Not Alone in Missing the Mark with Millennials
Nov 19 2015 // Could it be that the property/casualty insurance industry has company in not feeling the love of millennials? Yes, it could. The Hartford has released new research that shows key industries driving the U.S. economy,...
Millennial Confesses: Insurance is Cool
Nov 18 2015 // As a millennial, it appears to me that a majority of anyone outside of this particular generational group possesses a sort of mixed-feeling consisting of fear, intrigue, obsession and annoyance when it comes to...
Ohio Working with Active Military, Veterans on Insurance Careers
Nov 18 2015 // Ohio Lieutenant Governor and Insurance Director Mary Taylor is urging Ohioans who are members of the military — both actively serving and veterans — to consider a career in insurance. The state is offering free...
