Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Treasury Troubled by Smaller Firms Not Buying Cyber Insurance
Feb 18 2015 // While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy U.S. Treasury...
US Assure Earns Industry Honors
Feb 18 2015 // Zurich award, industry association designation demonstrate company’s accomplishments Jacksonville, FL, February 18, 2015 – US Assure, a leading program administrator and insurance services provider with four...
Climate Change Regulations for Insurers Not Out of Realm of Possibility
Feb 12 2015 // Some sort of climate change regulation for the insurance industry could be just around the corner. Then again, it might not be. It’s a tossup in the eyes of Don Reed, a managing director in...
Bills Aimed at Property Claims Litigation Expected in Texas Legislative Session
Feb 11 2015 // Texas lawmakers are expected to file legislation this year aimed at stemming the tide of property claims litigation in the wake of catastrophic weather events, such as hailstorms. Proponents of such legislation would like...
N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers
Feb 9 2015 // New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry and announced a series of measures that DFS will take to help strengthen cyber hacking...
Commercial Lines Softening to Continue in U.S. in 2015: Marsh
Feb 9 2015 // Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly favorable for clients with...
Tomorrow’s Talent Challenge
Feb 9 2015 // Imagine you are CEO of a company and nearly half the employees that make your company succeed will retire in just 15 years. This is a reality for many insurance industry CEOs. Talent shortage is a major, looming...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
5 Cornerstones for Advancing the Insurance Industry’s Digital Technology Strategy in 2015
Feb 9 2015 // It is a brand new year, and for many people that means the promise and potential of resolutions, goals and aspirations. This is the time to plan, to dream, to improve. This can be said for individuals looking to shed a few...
Legislation Addressing Property Claims Litigation Likely to Crop Up in Texas
Feb 9 2015 // By the end of 2008, the Texas residual market for insuring seacoast properties for wind and hail figured it had enough resources available to pay claims for both Hurricane Ike and Hurricane Dolly that hit the Texas coast...
Illinois-Based RLI Promotes 4 in Claim Department
Feb 5 2015 // Specialty insurer, RLI Corp., based in Peoria, Ill., has promoted several leaders within the claim department. Don Driscoll, vice president, claim, has been promoted to vice president, chief claim officer. Driscoll will...
Attorneys, Insurers Facing Off over Hail Litigation in Texas
Feb 4 2015 // The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial...
Willis Re Launches Cyber Risk Modeling Tool – PRISM-Re™
Feb 3 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, announced that it has launched “the insurance industry’s first cyber risk modeling tool that will enable insurers to quantify and manage their...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Wells Media Announces C-Suite, Managerial Promotions
Jan 28 2015 // Property/casualty insurance media company Wells Media Group announced four C-suite and managerial staff promotions this week. Julie Tinney now serves as chief marketing officer, Josh Carlson has been promoted to chief...
Not All Program Market Competition Is Good
Jan 26 2015 // The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are cautioning that not all...
How States Rate on Insurance Regulation, ‘A’ to ‘F’
Jan 26 2015 // Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street...
Senior Market Presents Opportunities for Young Agent Specialists
Jan 23 2015 // The graying of America could be a great opportunity for young entrepreneurs, including young insurance producers. As the nation’s population continues to gray, the people who work in the many businesses and...
Vermont Captive Insurance Gross Written Premium Nears $30B
Jan 22 2015 // Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to data released today by the Vermont Captive Insurance Division. The new captives...
McCarty Deserves Some Credit for Stabilizing Florida Market
Jan 21 2015 // Testifying this week before the Florida House Insurance and Banking Subcommittee, Office of Insurance Regulation Deputy Chief of Staff Monte Stevens echoed much of what has been reported in recent months about...
