Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Technology Is Ultimate Savior of Insurance Industry: Opinion
Mar 10 2017 // Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt
Mar 9 2017 // A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than...
Wholesale Broker Groups NAPSLO, AAMGA Merging to Form WSIA
Mar 8 2017 // The insurance industry could soon have a new acronym: WSIA. Introducing the Wholesale and Specialty Insurance Association (WSIA). That’s the name and acronym for the new wholesale, specialty and surplus lines...
People
Mar 6 2017 // Henderson Brothers Inc., a Pittsburgh, Pa.-based independent broker, has hired Jeremy Taggart as a financial analyst in the employee benefits department. In his new role, Taggart will use his three years of industry...
Tiny Homes: How agents, insurers are helping to lay a foundation for a growing insurance market
Mar 6 2017 // Despite big media hype that has included TV shows, magazines and blogs, the tiny home market is still small. Figures on its current size are hard to come by but the tiny home movement of people looking to downsize and...
PURE COO on Mutual Growth, Home and Auto
Mar 6 2017 // Martin Hartley, executive vice president and chief operating officer of PURE Group of Insurance Cos., sees ample growth opportunities for mutual carriers despite a soft market. Some of those opportunities are in the form...
Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt
Mar 6 2017 // A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than...
Wraight Named Insurance Journal Academy Director
Mar 6 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
Tennessee Captive Industry Sets Record Growth in 2016
Mar 6 2017 // Tennessee’s captive insurance market saw a record annual total of 104 risk bearing entities (RBEs) added in 2016, according to data released by the Tennessee Department of Commerce & Insurance (TDCI). The new...
UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies
Mar 3 2017 // Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Mar 3 2017 // Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report...
2017 Florida Insurance Legislation to Watch
Mar 3 2017 // The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry...
Insurance Agency Manager McVey Named West Virginia Insurance Commissioner
Mar 2 2017 // West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been...
Brinson Takes Over as President of Texas Surplus Lines Assoc.
Feb 24 2017 // Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the...
Helping Small Insurers Sell Cyber Coverage to Small Businesses
Feb 24 2017 // With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been...
Allianz Officially Launches Its Moroccan Subsidiary
Feb 22 2017 // The Allianz Group has officially launched its Moroccan subsidiary, Allianz Maroc, which has has been a part of the Allianz Group since Nov. 3, 2016, following the acquisition of 98.9 percent of Zurich Assurances...
Texas Governor Deems Hailstorm Litigation ‘Lawsuit Abuse’
Feb 20 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...
How the Federal Government Could Lead by Example in Cyber Insurance
Feb 16 2017 // The takeup rate of cyber insurance is rising, but the market’s growth to date has been uneven. Anne Hobson, a technology policy fellow at the R Street Institute, may have a solution to that problem. She proposes that...
Wraight, New Director of Academy of Insurance, Focuses on Learning Customers’ Needs
Feb 15 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
