All the headlines from our Market Topic Page, ordered by recency.
May 26 2017 // A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date.The proposal would introduce...
May 25 2017 // The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016.The...
May 24 2017 // Independent insurance agencies in Rhode Island have a new market for coastal homes – Spinnaker Insurance Company. Spinnaker’s New England distributor, Insurance Agency and Customer Service Company (IACSC) of...
May 23 2017 // According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance industry if it leads to better-crafted policies with clear language that provide the desired protection...
May 22 2017 // Thinking about the rules of the road for a time when autonomous vehicles dominate the landscape is probably like envisioning a horseless carriage on the plains of the Old West.But that won’t stop Bob Passmore, senior...
May 17 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state...
May 17 2017 // Electronic signature service DocuSign said on Tuesday hackers had temporarily gained access to a database containing customer emails, which the company linked to a surge in phishing emails sent to its users.The company...
May 15 2017 // Things are moving forward for a new insurance industry trade association for the wholesale, specialty and surplus lines insurance industry.The new Wholesale and Specialty Insurance Association (WSIA) is being formed by the...
May 15 2017 // Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (KYDOI), in the wake of Brian Maynard’s decision in April to vacate the post.Maynard stepped down as commissioner of KYDOI...
May 15 2017 // Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that roughly more than 50 percent of art...
May 15 2017 // The passage in the Texas House of a bill limiting liability for property insurance companies sued by policyholders following weather related events has given the insurance industry, which lobbied strongly for the bill,...
May 12 2017 // Louisiana already has some of the highest property insurance rates in the nation. But they could creep higher still—an estimated $1.11 billion higher over the next decade—should congressional tax-reform efforts limit...
May 12 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
May 3 2017 // Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (KYDOI), in the wake of Brian Maynard’s decision to vacate the post.Maynard stepped down as commissioner of KYDOI effective...
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
May 2 2017 // The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous...
May 2 2017 // New York Governor Andrew M. Cuomo has announced two new proposed regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry.These new protections were drafted following an...
Apr 28 2017 // Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary...
Apr 26 2017 // The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $34,500 in academic scholarships to 31 students at five Texas universities.The students attend the University of Houston Main campus,...
Apr 26 2017 // Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers’ market. That reality holds despite potential regulatory and monetary policies pending in Washington, D.C....