Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Get Very Used to Drone Usage in the Insurance Industry
Oct 16 2017 // One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones to gather data. American Family Insurance started working on developing a drone program around...
Texas Harvey Recovery Czar Says Insurance Industry Needs to ‘Step Up’
Oct 16 2017 // The insurance industry in Texas is not happy with the state’s so-called Hurricane Harvey recovery czar. Texas A&M University Chancellor John Sharp, who was named by Gov. Greg Abbott to lead the Commission to...
Why Mandating Cyber Reporting, Basic Coverage Makes Sense: Cyence Exec
Oct 9 2017 // Powered by InsuranceJournal.tv Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it. Honea, who believes...
IICF Announces 11th Annual Benefit Dinner in New York to Honor Ryan Specialty Group
Oct 6 2017 // The Insurance Industry Charitable Foundation (IICF) will host its 11th annual Northeast Benefit Dinner on Wednesday, December 13, 2017, at the Sheraton New York Times Square Hotel. The dinner is expected to draw the...
Get Very Used to Drone Usage in the Insurance Industry
Oct 4 2017 // One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones to gather data. American Family Insurance started working on developing a drone program around...
Why the Insurance Industry Needs a Toothbrush and Other Notes from Record-Breaking InsureTech Connect Conference
Oct 4 2017 // Insurance company employees wondering where all their bosses are this week should not be worried. It’s a good bet the executives are safe in Las Vegas at the second annual InsureTech Connect Conference. More than...
Blockchain Industry Initiative, B3i, Expands with 23 New Broker, Re/Insurer Entrants
Oct 2 2017 // The Blockchain Insurance Industry Initiative B3i announced it has expanded with 23 new brokers and re/insurers entrants, which will help with B3i’s upcoming market testing program. B3i’s new entrants are: AIA,...
New Association for Insurance Agency Networks Forming
Oct 2 2017 // An insurance industry lender is among those touting a new association for insurance agency networks. The lender, Live Oak Bancshares Inc., says it will not have ownership in the new group, Insurance Networks Alliance...
People
Oct 2 2017 // Global insurance broker Hub International Limited (HUB) named Marc Cohen, currently president, as president and chief executive officer, effective Jan. 1, 2018. He also will be a member of the board of directors. Cohen...
People
Oct 2 2017 // Hub International Limited (HUB), a global insurance brokerage, has expanded its New York operation through the addition of entertainment specialist Cameron Smith, who joined the firm as senior vice president. Smith has...
States Should Implement Stronger Safeguards for Consumers in Natural Disasters: Rutgers Report
Oct 2 2017 // As homeowners file insurance claims in the wake of Hurricanes Harvey and Irma, many could find their level of protection depends on the state where their damaged home is located, according to a research report released by...
Analysts Expecting a Short-Term Hard Market for Property Risks
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Top Challenges for London’s Re/Insurers Are Soft Market, Brexit, Regulations: IUA
Sep 28 2017 // The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association (IUA) members. In an online questionnaire,...
State Auto Labs Launches $25 Million Innovation Venture Fund
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
S&P Says Latest Republican Health Plan’s Flexibility for States Comes at Cost to Economy
Sep 26 2017 // A report by Standard & Poor’s Global Ratings said on Monday that the Senate Republicans’ latest proposed healthcare bill designed to replace Obamacare would lead to less federal funding and more flexibility...
Insurance Industry Tallies Irma’s Mounting Losses in Florida
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Insurance Industry Foundation Opens Charity Fund for Hurricane Irma Victims
Sep 21 2017 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization for insurance industry charitable giving, has launched a new disaster relief fund to assist the millions affected by the catastrophic damage of...
States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report
Sep 21 2017 // As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests...
Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings
Sep 21 2017 // Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will...
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
