Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit
Jun 2 2016 // Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance...
Atticus Associates Launches DQPro Platform to Manage Data Quality Challenges
Jun 2 2016 // Insurance technology firm Atticus Associates has launched its data quality platform, Atticus DQPro, with London-based specialty insurer Brit Ltd. as its first customer. “DQPro has been built for the needs of the...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes
Jun 2 2016 // The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from...
South Carolina Insurance Head Talks Lessons Learned After Historic Flood
May 31 2016 // This aerial photo show flooding around homes in the Carolina Forest community in Horry County, between Conway and Myrtle Beach, S.C. The state was pummeled in early October by a historic rainstorm that caused widespread...
What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris
May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...
PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance
May 25 2016 // Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same time that thousands of homeowners are claiming they have been underpaid for...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC
May 25 2016 // There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
AIA Urges Mitigation, not Regulation to Ease Oklahoma’s Quake Coverage Woes
May 24 2016 // In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market...
Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability
May 24 2016 // Powered by InsuranceJournal.tv Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of...
Schwarzenegger Used Risk for Good
May 23 2016 // It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them...
Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best
May 11 2016 // The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, A.M. Best said the MPL...
“Biggie Award” Winners Announced at BIG Convention
May 10 2016 // BIG Independent Group Awards Accolades at Annual Southern California Event Riverside, CA- Rancho Cucamonga, CA, May 10, 2016- The BIG Independent Group, an association of independent insurance agents and brokers, announced...
Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability
May 10 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
Schwarzenegger Discusses Risk at California Insurance Forum
May 9 2016 // It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them...
Global Reinsurer Profits Expected to Dip in 2016 as Soft Market Takes Toll: Fitch
May 9 2016 // Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to a new report from...
Commercial Rates Fell 2% in April: MarketScout
May 9 2016 // Commercial insurance prices fell 2 percent for April as compared to 3 percent in March and 4 percent in January and February 2016. Rates changed in most coverage classifications with property, business interruption,...
AXA Plans Additional Acquisitions in Brazil’s Expanding Insurance Market
May 9 2016 // AXA SA, France’s largest insurer, is open to more acquisitions to keep expanding in Brazil even as Latin America’s largest economy suffers its deepest recession on record. AXA expects Brazil’s 360...
JLT Re Enters U.S Mortgage Insurance Market
May 5 2016 // Reinsurance broker JLT Re has launched a new operation in North America – JLT Re Global Mortgage Solutions — to offer insurance and reinsurance to government-sponsored entities, mortgage insurers, mortgage lenders and...
CSC Completes Acquisition of UK’s Xchanging
May 5 2016 // CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process...
