Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Arizona Insurance Council Now Arizona Insurance Institute
Mar 9 2016 // The board of directors of the Arizona Insurance Council has changed the name of its property/casualty insurance trade association. The group will now be operating as the Arizona Insurance Institute. The name change is to...
How Insurance for Nonprofits Has Changed for the Better
Mar 9 2016 // When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the...
Untested Cyber Coverage Remains ‘Volatile,’ Experts Say
Mar 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be...
H.W. Kaufman Financial Group Promotes Daniel J. Kaufman to Sr. VP
Mar 4 2016 // Michigan-based H.W. Kaufman Financial Group announced that Daniel J. Kaufman has been promoted to senior vice president and appointed to its board of directors. He represents the third generation of Kaufman family...
Munich Re’s Vasturia to Serve as IICF Chairman
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
House Committee Passes Private Flood Insurance Bill
Mar 2 2016 // The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance. The committee approved the Flood Insurance Market Parity and Modernization Act...
Startup Lemonade Bets Behavioral Science Can Help Insurance Not Suck
Feb 24 2016 // A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the mix will help fix it. The New York-based startup Lemonade, which is promising to be a...
Insurance Industry Analyzes Google’s Failed Online Insurance Experiment
Feb 23 2016 // The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto insurance online. Many...
Oklahoma Ponders ‘California Model’ for Earthquake Insurance
Feb 22 2016 // Oklahoma lawmakers are in the early stages of considering legislation to create a state-level “earthquake reinsurance program” that its author claims will be modeled on the California Earthquake Authority. S.B....
Study: Insurance Industry Has a Significant Economic Impact in Michigan
Feb 22 2016 // A recently released study shows the positive contributions the insurance industry makes to Michigan’s economy statewide. The report — Economic Footprint of Michigan’s Insurance Industry — was...
Agency Compensation: Unequal Pay For Women?
Feb 22 2016 // Prev Next 20160218_salary_survey_01 2016 Salary Survey 20160218_salary_survey_02 2016 Salary Survey 20160218_salary_survey_03 2016 Salary Survey 20160218_salary_survey_04 2016 Salary Survey 20160218_salary_survey_05 2016...
P/C Direct Premium Written Up 4.2 Percent
Feb 22 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually, according to a Demotech analysis. At year-end 2014, more than $570 billion of DPW was reported, a record-high...
Atlas General Insurance Services CEO<br/> Bill Trzos Named in Insurance Business America magazine’s Hot 100 List of 2015
Feb 17 2016 // San Diego, CA, February 17, 2016 – Industry veteran, founder and chief executive of Atlas General Insurance Services, LLC (“Atlas”), Bill Trzos has been named in Insurance Business America’s...
Study: Economic Impact of Insurance Industry on Michigan Is Significant
Feb 11 2016 // A recently released study shows the positive contributions insurance industry brings to Michigan’s economy. The report — Economic Footprint of Michigan’s Insurance Industry — by Anderson Economic Group...
‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market
Feb 11 2016 // A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market as well as the UK and other European economies, according to Sean McGovern,...
Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed
Feb 11 2016 // The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
Attracting, Developing Talent a Focus for Westfield Group
Feb 9 2016 // Powered by InsuranceJournal.tv It’s anticipated that by 2020 there will be hundreds of thousands of unfilled positions in the insurance industry and that some 25 percent of those currently working in the sector will...
Attracting, Developing Talent Has Long Been a Focus for Westfield Group
Feb 8 2016 // It’s anticipated that by 2020 there will be hundreds of thousands of unfilled positions in the insurance industry and that some 25 percent of those currently working in the sector will retire within the next three...
Then and Now in the Nonprofit Market
Feb 8 2016 // The nonprofit sector is not what it used to be. This critical sector represents more than 1.5 million organizations and accounts for almost 10 percent of all salaries and wages paid in the United States. And it’s...
