Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Dyad Brand Launches to the P/C Insurance Market
Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...
Litigation Abuse, Regulation, Hard Market Among Insurance Trades’ Priorities for 2024
Dec 27 2023 // Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2024? Here are the responses we received: In the coming year,...
From Litigation to Capital, Florida Insurance Market Improving, Panelists Say
Dec 18 2023 // The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at...
US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months
Dec 8 2023 // U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same...
Insurance Industry Charitable Foundation Raises Record $1.43 Million for Regional Nonprofits at 17th Annual Northeast Benefit Event
Dec 8 2023 // Liberty Mutual Honored with Double I Award for Philanthropic Influence and Impact NEW YORK (November 30, 2023) –The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Nov 30 2023 // Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance sector, according to AM...
Unlocking the Future: Remote Work’s Impact on the Insurance Industry
Nov 16 2023 // This post is part of a series sponsored by AgentSync. The concept of working from home isn’t entirely new. In fact, it’s been around since well before the digital age, although most “work from home”...
Despite Hard Market, P/C Combined Ratio Forecast Near 104 for 2023
Nov 6 2023 // Losses resulting from severe convective storms are expected to drive the 2023 net combined ratio for the property/casualty industry to 103.8, according to the latest underwriting projections by actuaries at the Insurance...
Hurricane Otis’ Impact on Mexico Insurance Industry Expected to Be ‘Controlled’: Fitch
Nov 2 2023 // Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the agency said in a statement on Wednesday. “Fitch Ratings...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re
Oct 30 2023 // Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re. Further, insured losses are...
Viewpoint: Get Ready Now for the Soft Market (Because It’s Coming)
Oct 24 2023 // Executive summary: Tony Buckle and John Carolin, co-founders of the boutique insurance consultancy UWX, analyze underwriter motivation during the soft phase of the market cycle. While average market prices are the hardest...
Insurance Industry Should Expect $130 Billion in Catastrophe Losses Every Year: Verisk
Oct 2 2023 // Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of much more than that every year, according...
Should the Insurance Industry Care About SEO?
Oct 2 2023 // Search Engine Optimization (SEO) can feel like a moving target and is often misunderstood throughout the insurance industry. Many businesses do not fully understand the importance of SEO or how it works, which leads to an...
California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions
Sep 22 2023 // California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and public meetings exploring...
2023 to Test Recent Growth in Private Flood Insurance Market
Sep 18 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California, as well as future storms that may come during the remainder of the Atlantic hurricane...
Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk
Sep 11 2023 // Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according...
APCIA, RAA Testify Before Senate Committee on Property Insurance Market
Sep 7 2023 // The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market. The presentation,...
Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
Skyrocketing Bodily Injury Claims Spill Over to Professional Liability Insurance Market
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by...
Strategies and Key Steps to Get Through Today’s Hard Market
Sep 4 2023 // The U.S. property/casualty insurance market is experiencing the hardest insurance market cycle in a generation, resulting in many insurance agents and brokers, as well as drivers, homeowners and business owners needing to...
