All the headlines from our Market Topic Page, ordered by recency.
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey.In related analysis, a new Morgan Stanley report...
Sep 28 2017 // The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association (IUA) members.In an online questionnaire,...
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
Sep 26 2017 // A report by Standard & Poor’s Global Ratings said on Monday that the Senate Republicans’ latest proposed healthcare bill designed to replace Obamacare would lead to less federal funding and more flexibility...
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Sep 21 2017 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization for insurance industry charitable giving, has launched a new disaster relief fund to assist the millions affected by the catastrophic damage of...
Sep 21 2017 // As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests...
Sep 21 2017 // Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings.The ratings agency said these losses will...
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey.In related analysis, a new Morgan Stanley report...
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Sep 18 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country.Despite the...
Sep 14 2017 // Paul James has been appointed to the role of president and chief executive officer of Insurance Recovery Group Inc. (IRG) by David A. Jollin, IRG’s chairman of the board.IRG is a national subrogation, second injury...
Sep 11 2017 // Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings.On Friday, Fitch Ratings noted...
Sep 8 2017 // Sheffield, UK, September 8, 2017- Insurance telematics innovator, The Floow, is bringing its industry leading approach to the US market with the launch of its unique FloowCoach program and Rewards Services App at Connected...
Sep 7 2017 // Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the...
Sep 4 2017 // How the Insurance Industry Can Mitigate the Next Big Natural DisasterAs an industry, we knew there could be large and costly hurricanes. We witnessed the destruction that Category 5 Hugo wrought on the Carolinas in 1989....
Sep 4 2017 // As long as there is an insurance industry, wholesaler brokers believe they will have a role to play.“We will continue to be an important sector – a small sector – but still a very important sector of how...
Sep 4 2017 // Climate change may pose a serious risk to the nation’s electric grid, according to a new report. The report was prepared by Johns Hopkins University with help from Swiss Re.“Lights out: The risks of climate and...
Sep 4 2017 // Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located just north of Homestead, Fla.Hurricane Andrew had...
Aug 30 2017 // The nonprofit Insurance Industry Charitable Foundation (IICF) has established the IICF Hurricane Harvey Disaster Relief Fund to assist victims affected by Hurricane Harvey.IICF said it will collect and report on the total...