All the headlines from our Market Topic Page, ordered by recency.
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry.That is why it is imperative for agency owners to...
Jan 13 2020 // After Back to the Future 2 was released in 1989, moviegoers could observe Marty McFly as he traveled to his version of 2015 where fingerprints were used to identify a person, to unlock the front door of a house and to pay...
Jan 10 2020 // An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for 2018, the most recent year data was available, stating that it has seen continued growth and underwriting...
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
Jan 8 2020 // Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and improve diversity, or risk losing their jobs.The warning follows last year’s...
Jan 8 2020 // As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.Months of out-of-control fires have burnt an area more than five...
Jan 8 2020 // Actuarial consulting firm Pinnacle Actuarial Resources, Inc. has named Tim Mosler a principal and consulting actuary. He will continue to be based in the firm’s Atlanta office.Mosler joined Pinnacle in 2014 and has...
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue.The population of Americans over age 80 will double, from 6...
Jan 2 2020 // It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the...
Dec 30 2019 // Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing...
Dec 24 2019 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised $1.14 million at its 13th Annual Northeast Benefit Dinner held December 11 at...
Dec 24 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Dec 20 2019 // More than a million California homes are now protected under a new state order that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced this...
Dec 19 2019 // A representative for an independent insurance agent group in one state has penned an opinion column calling attention to the dangers posed by climate change.“Going forward, our state remains vulnerable to the...
Dec 16 2019 // One the things Kristy Galecka loves about the property/casualty insurance industry is there’s always an opportunity to learn something new.Like many others, Galecka “fell into” the insurance business when...
Dec 16 2019 // The City of Hope’s National Insurance Industry Council had another strong year of raising funds, holding events, and helping out people suffering from diabetes and cancer, according to Ken Birkett, director of...
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Dec 16 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually.At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% over 2017, an increase...