Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
NAIC Drafts Changes for NFIP, Encourages Long-Term Reauthorization
Aug 22 2016 // The National Association of Insurance Commissioners (NAIC) has released its recommendations for changes to the National Flood Insurance Program (NFIP) when it goes up before Congress for reauthorization next year. The...
Is Education the Key to Unlocking the Next Generation of Talent?
Aug 22 2016 // The insurance talent crisis is here. Thanks to an aging workforce, an impending wave of retirements and an increasingly shallow talent pool, the industry is now coming face-to-face with a growing labor gap. The past 10...
Interview: Public Affairs ‘Ironman’ Kevelighan Takes Helm at I.I.I.
Aug 16 2016 // Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. “That, for me, is the incentive to insure that I keep my training going. It’s really good for your health, obviously,...
NAIC Drafts Changes for NFIP, Encourages Long-Term Reauthorization
Aug 15 2016 // The National Association of Insurance Commissioners (NAIC) has released its recommendations for changes to the National Flood Insurance Program (NFIP) when it goes up before Congress for reauthorization next year. The...
As Active Shooter Incidents Increase, Industry Addresses Coverage ‘Gray Area’
Aug 11 2016 // There’s a new insurance market emerging in light of a disturbing reality in today’s world – active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave insureds...
Changing Employee Demographics Push Insurers to Focus on Strategic Recruitment
Aug 9 2016 // With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, its incumbent on carriers to consider the ways in which...
Brazilian Corruption Probes Lead to D&O Market Boom
Aug 8 2016 // Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of...
Rough Ride for P/C Insurers in 2016, Warns S&P
Aug 8 2016 // This year could be a tough one for U.S. property/casualty insurers, as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders
Aug 4 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
McConnell, Anderson Join Hub International Midwest
Aug 4 2016 // Hub International Midwest, a division of global insurance brokerage Hub International Limited (HUB), has added Edward W. McConnell and Clint W. Anderson in Chicago. McConnell joins as senior vice president, national...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
P/C Insurers Face Tough Sledding in 2016, Warns S&P
Jul 26 2016 // This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Millennials Don’t Rule the World – Revisited
Jul 20 2016 // Recently I wrote an article about Millennials, at least that’s what many assumed. The article actually focused on the mistakes being made in our attempts to entice Millennials to join the insurance industry. Some...
Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
Jul 14 2016 // The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by...
Zurich’s Kevelighan to Succeed Hartwig as Insurance Information Institute CEO
Jul 13 2016 // The Insurance Information Institute (I.I.I.) announced that Sean Kevelighan, most recently with Zurich Insurance, has been named president and chief executive officer, effective Aug. 8. Kevelighan brings with him 18 years...
Cyber Liability Expert Holmes Joins ID Experts in Oregon
Jul 13 2016 // Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation...
Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers
Jul 11 2016 // Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The...
