All the headlines from our Market Topic Page, ordered by recency.
Apr 3 2023 // Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that...
Mar 29 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says...
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best.The...
Mar 21 2023 // D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week.But it wasn’t necessarily business as usual for watchful underwriters in...
Mar 15 2023 // This post is part of a series sponsored by AgentSync. Advancements in technology have given new life to the slow, inefficient processes common in the insurance industry. While the influx in AI-operated systems has some...
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage.By...
Mar 6 2023 // Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a...
Feb 27 2023 // The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford...
Feb 20 2023 // Just a decade ago, the idea that artificial intelligence (AI) might play a role in everyday insurance practices may have sounded far-fetched. As a legacy industry with longstanding ways of doing things, many insurers kept...
Feb 14 2023 // Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a recent...
Feb 8 2023 // Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according to commentaries from AM Best and GlobalData.While it is likely that international...
Feb 6 2023 // Last week, a special session of the Louisiana Legislature passed and funded an effort to deter insurance companies from leaving the Pelican State after a raft of hurricanes wreaked havoc on the financials of several...
Feb 6 2023 // Prices are increasing. Customers are at risk of being underinsured. They have questions. And your phone is starting to ring more.Many agents were already struggling with staffing post-pandemic. But with historically higher...
Jan 26 2023 // Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par with...
Jan 11 2023 // This post is part of a series sponsored by AgentSync. Generally tech-savvy and data-forward, millennials are shaking up the insurance industry both as consumers and insurance professionals.Defined as those born between...
Jan 10 2023 // This post is part of a series sponsored by AgentSync. When you think of jobs in the insurance industry, what comes to mind? For most people, the first image is probably that of a licensed insurance agent (or broker,...
Jan 9 2023 // Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond.The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with...
Dec 29 2022 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
Dec 19 2022 // Florida Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market are among the questions being asked.One of the key goals of the legislation is to...
Dec 14 2022 // Most small SUVs flunked the latest frontal crash tests done by the insurance industry, but oddly enough, they’re just as safe as they were before.That’s because the Insurance Institute for Highway Safety...