All the headlines from our Market Topic Page, ordered by recency.
Nov 5 2020 // Incumbent Mike Causey, a Republican, has defeated Democrat Wayne Goodwin in the third rematch between the two candidates for the position of North Carolina Insurance Commissioner.The Associated Press reported Wednesday...
Nov 4 2020 // Despite a year of unprecedented challenges and uncertainty and a halting global economic recovery, the insurance industry remains strong, stable, sound and secure. Though below pre-COVID forecasts, major indicators point...
Nov 2 2020 // Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to acquire reinsurance franchise Ariel Re from Argo Group for an undisclosed...
Nov 2 2020 // The race for the next North Carolina Insurance Commissioner features two familiar faces to state voters in what is a three-peat showdown featuring Republican Mike Causey and Democrat Wayne Goodwin.Causey, the incumbent,...
Nov 2 2020 // The reform of Michigan’s auto insurance market, which went into effect on July 1, 2020, brought the promise of much-needed premium relief for Michigan drivers.An April 2019 study by the Insurance Research Council...
Nov 2 2020 // California’s insurance commissioner in late October pledged to step up efforts to protect the state’s residents from wildfires and address a pullback of private insurers from the state’s riskiest...
Nov 2 2020 // The agency errors and omissions liability market has enjoyed stable market conditions for years. But that could be changing as agents and their insureds attempt to balance emerging risks in a changing insurance market.The...
Oct 30 2020 // The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the estimated US$4.5 trillion global output loss inflicted by COVID-19 and its...
Oct 30 2020 // The Florida Office of Insurance Regulation is monitoring the state’s property insurance situation that is seen as in a crisis by those in the industry.The regulator said the insurance market has been buffeted by...
Oct 29 2020 // After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived. They blame unchecked claims litigation from...
Oct 29 2020 // Democratic presidential candidate Joe Biden has received more funds from insurance industry political committees than President Donald Trump in this 2020 election cycle.Biden has received $5.5 million compared to...
Oct 28 2020 // The election is nearly here, and while it’s been quite a year all around, things could have been worse for the insurance industry.When the year started, insurance industry lobbyists were facing a big battle, and not...
Oct 27 2020 // The Hanover Insurance Group Inc. (THG) has expanded its business in Maryland to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base.The Hanover has a...
Oct 20 2020 // HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle...
Oct 19 2020 // National wholesaler insurance broker CRC Group announced changes to the company’s senior leadership team effective January 1, 2021.Ron Helveston currently CEO, Commercial Solutions, is retiring and will be succeeded...
Oct 19 2020 // The insurance industry’s loss footprint for the April 2020 Central Queensland hailstorms is estimated at A$604 million (US$423.2 million), according to PERILS, the independent Zurich-based organization that provides...
Oct 19 2020 // If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington.If Democrat Joe Biden wins the presidency, however, the P/C...
Oct 19 2020 // Entrepreneur, innovator, oenophile, insurance industry icon, all around great guy.That’s Mark Wells, the force behind Insurance Journal and Wells Media Group, who this year is celebrating his 50th anniversary in...
Oct 16 2020 // Insurance Commissioner Ricardo Lara will convene a “virtual investigatory hearing” on Monday to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires.Several...
Oct 16 2020 // INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa.INSTANDA...