Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Commentary: How Florida’s Flood Insurance Model Could Work Nationwide
Aug 1 2018 // While Congress works on various reforms to the National Flood Insurance Program (NFIP), the time is ripe for the private insurance market to step up and play a greater role in providing Americans needed flood...
Midlands Management Enters Oklahoma Marijuana Insurance Market
Jul 31 2018 // Oklahoma City-based wholesale insurance broker and program manager, Midlands Management Corp., has introduced comprehensive coverage for the marijuana industry in Oklahoma. The Midlands program offers products liability,...
Security First Insurance Co. Enters Florida’s Growing Private Flood Market
Jul 30 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
What’s New in Today’s Construction Insurance Market
Jul 23 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
How the Florida Insurance Industry Hopes to Rein In AOB Crisis
Jul 19 2018 // “I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual consumer and the huge impact it’s having on the premiums...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
Travelers: Use Current Auto Insurance Model for Autonomous Future
Jul 17 2018 // Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the...
Sustainable Re/Insurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
Jul 16 2018 // Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.” That devastating event killed more...
Insurance Industry Is Rethinking Cat Modeling After Last Year’s Disasters
Jul 16 2018 // After Hurricane Harvey swept through Texas last August, it not only left behind nearly 50 inches of rain in some areas and an estimated $125 billion in damage, but questions for the insurance industry in terms of how to...
J.D. Power: Why Lemonade’s Policy 2.0 Matters
Jul 16 2018 // Recently, insurtech start-up Lemonade announced a product initiative called Policy 2.0. According to Lemonade, it will simplify the language within a standard insurance policy so insureds can easily understand what is and...
Blockchain Is Tech Evolution That Will Create Re/Insurance Revolution: B3i’s Marke
Jul 11 2018 // Blockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. It’s been a...
Cyber Business Interruption Risks Still Difficult to Figure
Jul 11 2018 // Powered by InsuranceJournal.tvAlthough the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the growing area of non-physical threats? This question was...
How the U.S. Cyber Insurance Market Is Performing: Aon Report
Jul 10 2018 // The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to...
Burand’s State of P/C Insurance Industry: How P/C Insurance is Becoming Less Valuable
Jul 4 2018 // Value is a relative term often specific to a given asset. For example, if the price of gold declines from $1,800 an ounce to $1,250 an ounce, as it has, then gold is less valuable. The price of property/casualty insurance...
California’s Data Privacy Law a Concern, Opportunity for Insurance Industry
Jul 3 2018 // California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important...
People
Jul 2 2018 // Cassie Brown has been appointed Commissioner of Workers’ Compensation at the Texas Department of Insurance, Division of Workers’ Compensation. She succeeds Ryan Brannan, who left the division on May 1....
6 Things to Know About the Private Flood Insurance Market
Jul 2 2018 // Below are highlights from Insurance Journal’s recent report on “Top Private Flood Insurers, 2017 Market Study.” For additional information, or to download the full report visit:...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jul 2 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
California Commissioner Angry at Insurers for Altering Wildfire Bills
Jun 28 2018 // California Insurance Commissioner Dave Jones is irked that the insurance industry has worked to alter legislation he supports that he says is aimed at strengthening consumer protections for wildfire survivors. Senate Bill...
Cycling Safety: Insurance Industry, Virginia Tech Rate Biker Helmets
Jun 27 2018 // The next time you hop on a bicycle to head across town, consider this: your helmet may not perform well enough in an accident. A first-of-its-kind study using the latest techniques for simulating head injuries found...
