All the headlines from our Market Topic Page, ordered by recency.
Mar 25 2016 // For the first time in 13 years, Florida is preparing to appoint a new insurance commissioner. The pool of 55 candidates has been whittled down to just two.Per recommendation of the Florida Cabinet, Jeffrey Bragg and...
Mar 21 2016 // PrtnerRe’s new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the transaction and the...
Mar 21 2016 // Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida...
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year.Sky’s...
Mar 21 2016 // The Tennessee Department of Commerce & Insurance (TDCI) announced that 57 new captive insurance companies domiciled in the state in 2015 – a 37 percent increase over 2014. The new captives are comprised of 47...
Mar 17 2016 // The sweeping agreement to reduce carbon emissions and battle climate change hammered out by world leaders last year could be greatly transformative for the insurance and reinsurance industry, according to industry experts...
Mar 17 2016 // Pennsylvania Insurance Commissioner Teresa Miller hailed a recent vote by the U.S. House of Representatives Financial Services Committee approving the Flood Insurance Market Parity and Modernization Act (H.R. 2901).Miller...
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.The company plans to repurchase 1 billion...
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world.Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
Mar 15 2016 // There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are also significant cultural and regulatory challenges, according to a report from the...
Mar 9 2016 // The board of directors of the Arizona Insurance Council has changed the name of its property/casualty insurance trade association.The group will now be operating as the Arizona Insurance Institute. The name change is to...
Mar 9 2016 // When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the...
Mar 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be...
Mar 4 2016 // Michigan-based H.W. Kaufman Financial Group announced that Daniel J. Kaufman has been promoted to senior vice president and appointed to its board of directors.He represents the third generation of Kaufman family...
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
Mar 2 2016 // The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance.The committee approved the Flood Insurance Market Parity and Modernization Act...
Feb 24 2016 // A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the mix will help fix it.The New York-based startup Lemonade, which is promising to be a...
Feb 23 2016 // The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto insurance online.Many...
Feb 22 2016 // Oklahoma lawmakers are in the early stages of considering legislation to create a state-level “earthquake reinsurance program” that its author claims will be modeled on the California Earthquake Authority.S.B....