Latest Market Headlines

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

InsureTech Connect: Insurance Industry Needs to Understand What Business It’s In

Sep 26 2019 // LAS VEGAS — People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive.Chris Colborn, chief experience officer for the Lippincott creative...

Mutual Insurer Trade Group NAMIC’s CEO Chamness to Retire

Sep 26 2019 // The National Association of Mutual Insurance Companies announced that Charles Chamness, the chief executive officer of the organization, is retiring from the post he held for nearly 17 years.The official announcement came...

17 Cybersecurity Products the Cyber Insurance Industry Says Are Worthwhile

Sep 25 2019 // Insurance broker Marsh has unveiled the inaugural class of cybersecurity products and services receiving a Cyber Catalyst designation that is part of an evaluation program its backers hope will bring greater clarity in the...

The Hanover Enters Vermont Personal Lines Insurance Market

Sep 25 2019 // The Hanover Insurance Group, Inc. has expanded its business in Vermont to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base.According to The...

Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts

Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed.The excess and surplus lines sector is enjoying its...

Louisiana Commissioner Donelon: Tort Reform Needed to Fix Auto Insurance Crisis

Sep 20 2019 // When Louisiana voters go to the polls on Oct. 12, they will have a choice between two Republican opponents in the race for insurance commissioner: current commissioner, Jim Donelon, a former state legislator who has held...

The Lowdown: Reimagining Research to Recognize Emerging Insurance Industry Trends

Sep 19 2019 // The Society of Insurance Research (SIR) will hold their 49th Annual Conference on October 20th – 22nd at the Sheraton Charlotte Hotel in Charlotte, NC and I am thrilled to be attending. The theme for this year’s...

Ohio Director Froment Named to Federal Insurance Advisory Committee

Sep 19 2019 // Ohio Department of Insurance reported that Director Jillian Froment has been appointed to serve on the Federal Advisory Committee on Insurance (FACI).The committee provides advice and recommendations to the Federal...

As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?

Sep 18 2019 // Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration.For a...

Gall Named CEO of Texas’ Tricolor Insurance

Sep 17 2019 // Archie Gall has been named CEO of Tricolor Insurance, an affiliate company of Dallas-based Tricolor, a used vehicle retailer focused on the Hispanic consumer market.Tricolor Insurance, a provider of insurance for subprime...

Electronic Marketplace AkinovA Donates Data Assets to ACORD for Industry Standards

Sep 16 2019 // AkinovA, the independent electronic marketplace for the transfer and trading of re/insurance risk, has donated key insurance linked security (ILS) data assets to ACORD, the global standards-setting body for the...

Louisiana Commissioner Candidate, Temple, Says State Is in Insurance ‘Crisis’

Sep 16 2019 // When Louisiana voters go the polls this fall, in the race for insurance commissioner they’ll have a choice between Louisiana businessman and longtime insurance industry executive, Tim Temple, and current...

When Billion Dollar Cyber Losses Strike: Guy Carpenter/CyberCube

Sep 16 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...

Today’s E&S Market Is an ‘Overwhelming’ Success

Sep 16 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed.The excess and surplus lines sector is enjoying its...

Louisiana Commissioner Candidate, Temple: State Is in Insurance ‘Crisis’

Sep 13 2019 // When Louisiana voters go the polls this fall, in the race for insurance commissioner they’ll have a choice between Louisiana businessman and longtime insurance industry executive, Tim Temple, and current...

Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts

Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference.Speaking at the Keefe, Bruyette & Woods Insurance...

Climate Change Tops List of World’s ‘Extreme Risks’

Sep 12 2019 // Global temperature change, global trade collapse and cyber warfare are the top three “extreme risks” identified in a study from Willis Towers Watson.The new paper out this month is part of the firm’s...

Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2

Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...

Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter

Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...

Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events

Sep 9 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...