Latest Market Headlines

All the headlines from our Market Topic Page, ordered by recency.

Lemonade Revving Up to Enter Car Insurance Market

Apr 20 2021 // Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S.The insurtech announced...

AM Best Maintains Negative Outlook on UK Non-Life Insurance Market

Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers.In addition, COVID-19-related lockdown...

Insurance Industry Showcases Philanthropic, COVID Relief Initiatives

Apr 9 2021 // The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG,...

Three Dozen California Bills Focus on Wildfire, Others Are Concerning for Insurance Industry

Apr 6 2021 // Roughly three dozen pieces of California legislation are directly related to wildfire, and while those bills should hold much interest for the insurance community, there are other bills making their rounds that should draw...

2021 Brings Tough Insurance Market for Airplanes, Copters & More

Apr 5 2021 // The aviation insurance market is feeling the pressure on rates and availability after 10 years of soft conditions. Eric W. Barfield, chief operating officer at Assured Partners’ Aerospace division, says this small...

Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth

Mar 31 2021 // Cyber attacks can strike any individual or business at any time, but on this episode of the Insuring Cyber Podcast, Insurance Journal’s Elizabeth Blosfield spoke with two guests about one particular segment of the...

2020’s P/C Insurance Industry Results and What They Mean for 2021

Mar 31 2021 // The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms of catastrophe losses and COVID, with one segment actually reporting better...

Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics

Mar 26 2021 // Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business a year, according to a Reuters...

Insurance Industry Got Closer to Manufacturing Clients During Pandemic

Mar 22 2021 // The U.S. manufacturing industry is on the rebound from effects of the global pandemic-driven shutdown more than a year ago. While U.S. industrial production and U.S. total factory orders fell substantially in April 2020,...

Citizens’ CEO: Florida Property Insurance Market is Shutting Down

Mar 19 2021 // Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance market continues...

Employment Practices Insurance in Age of COVID, Vaccines, Shutdowns and Hard Market

Mar 18 2021 // Overall trends for the past 30 years in the employment practices liability insurance market have been influenced by society and culture. As concerns over racial and disability discrimination, sexual harassment, gender...

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Mar 16 2021 // Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work.The program will enable participating firms to tap into...

What Stakeholders Are Saying About the Florida Insurance Market

Mar 11 2021 // Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address what has been deemed a market crisis. Read on for what everyone from the...

Larry Goanos’ New Book ‘Professional Lines Insurance: An Oral History’ Accounts the Real-World Workings of the Professional Lines Insurance Market

Feb 23 2021 // San Diego, CA (February 23, 2021) – Insurance Journal’s Academy of Insurance today announced the release of “Professional Lines Insurance: An Oral History: The People and Companies that Built a...

IICF Hosts Virtual Insurance Industry Gala to Benefit Regional Nonprofit and Charitable Organizations

Feb 18 2021 // IICF Southeast Division event will help support more than 20 nonprofitsDALLAS (Feb. 1, 2021) –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and...

Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare

Feb 17 2021 // The question is not whether the future of the insurance industry is bright.“Few industries are better positioned for outstanding growth over the next 15 years,” insists Verisk’s Mark Anquillare....

Diversity in Insurance Industry Calls For Including Different Mindsets and Experiences

Feb 17 2021 // Insurance industry leaders have renewed their focus on recruiting, hiring and promoting not just to fill a crucial talent gap with quality candidates, but also to intentionally diversify their workforce.The civil unrest...

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

Feb 8 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time.The company will initially offer the coverage in five states...

3 Ways COVID-19 Will Continue to Impact Insurance Industry in 2021

Feb 5 2021 // The effects of the COVID-19 pandemic will be felt by the insurance industry and its customers well into 2021 as consumers and businesses continue to face economic challenges, according to a new survey by consumer credit...

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

Jan 28 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time.The company will initially offer the coverage in five states –...