Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
A Survivor’s Story: City of Hope and Marshall Cotta
Dec 19 2016 // More than 10,000 children in the United States under the age of 15 were diagnosed with cancer in 2016. And the rate of childhood cancer has been rising slightly for several decades, according to the American Cancer...
Top Florida Stories of 2016: Florida’s Evolving Flood Market
Dec 16 2016 // Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood...
Top Florida Stories of 2016: McCarty Resigns as Commissioner, Altmaier Takes the Reins
Dec 15 2016 // Kevin McCarty’s decision to resign as Florida’s insurance commissioner at the beginning of the year after 13 years in the position rocked the state’s insurance world. It also set the stage for a political...
52 Million Americans Under Age 65 Have Pre-Existing Health Conditions: Kaiser
Dec 15 2016 // A new Kaiser Family Foundation study finds that 52 million adults under 65 – or 27 percent of that population — have pre-existing health conditions that would likely make them uninsurable if they applied for individual...
Top Florida Stories of 2016: The End of Florida’s Hurricane Drought
Dec 14 2016 // In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida Panhandle, bringing significant storm surge to the Tampa Bay area before slowly...
Tax Reformers Must Take Care Not to Kill Reinsurance Market
Dec 13 2016 // During the 2016 presidential election, one theme from President-elect Donald Trump rang louder than any other: the importance of keeping jobs in America and finding ways to encourage (or perhaps force) companies that have...
Wanted: Young Insurance Professionals to Help Recruit Others
Dec 13 2016 // Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar...
Canada’s P/C Insurance Market Stable with Good Demand: Moody’s
Dec 12 2016 // The outlook for the Canadian property and casualty (P/C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, says Moody’s Investors Service in a report. However, these...
Cyber Market Hampered by Insurability Challenges: Geneva Assoc. Report
Dec 9 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report...
California’s Cyence Hires Merchant to New York City Office
Dec 7 2016 // Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with...
Florida Supreme Court Rules Against Insurer in Concurrent Loss Case
Dec 6 2016 // The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the...
Reinsurers See Rate Stabilization on the Horizon
Dec 5 2016 // North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal with a supply-demand imbalance that has weighed on returns, according to executives at the...
As Reinsurance Market Evolves, So Must Distribution, Say Experts at Forum
Dec 1 2016 // The flow of so-called alternative capital into the global reinsurance market is continuing, bringing it closer to the “convergence” in which traditional providers will eventually become conduits to the capital...
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Nov 29 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report
Nov 22 2016 // A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and trigger a domino effect across the financial sector, according to a Conference Board of...
Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance
Nov 22 2016 // Powered by InsuranceJournal.tv Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were...
U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan
Nov 21 2016 // The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs (exchange-traded funds) en masse, with...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
People
Nov 21 2016 // Rene van Winden has joined Lockton from Aon as a senior vice president and national energy property leader. He is based in Houston. Van Winden previously spent more than a decade with insurance broker Aon, most recently as...
