All the headlines from our Market Topic Page, ordered by recency.
Jul 17 2014 // In a 93-4 vote, the Senate today passed the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244 ) that extends the federal reinsurance program for seven years.In addition to extending the Terrorism Risk...
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Jul 14 2014 // Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.High profile cases of hackers...
Jul 7 2014 // In November, California voters will decide whether to implement state government price controls on health insurance.Insurance agents and brokers are certain to be asked by their clients whether this ballot measure merits...
Jul 3 2014 // MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners...
Jul 3 2014 // Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance broker, announced plans to expand its Swett & Crawford wholesale brokerage business into the Latin American market.The growth...
Jul 2 2014 // The third day of the International Insurance Society’s Annual Seminar was an all-day session devoted entirely to the threat posed by climate change, the studies of its risks and the solutions available to face...
Jun 27 2014 // The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies.“We try not to make it a battle,” said Robert...
Jun 23 2014 // The International Insurance Society (IIS) has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened this morning in London at the Park Plaza...
Jun 19 2014 // The Insurance Council of Texas (ICT) will host its 22nd Annual Mid-Year Property & Casualty Symposium in Austin on July 17. Speakers include industry leaders from the Insurance Information Institute (III), the...
Jun 17 2014 // Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose.Introduced by Rep. Randy Neugebauer, R-Texas, chairman of...
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate.Reinsurers face a growing threat from the capital...
Jun 16 2014 // Three property/casualty insurance industry women executives discuss the value of diversity in the industry, progress they see being made in increasing diversity at their own companies and across the industry, and what...
Jun 16 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on June 6 that Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin...
Jun 12 2014 // U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion...
Jun 11 2014 // The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers.A proposal issued by CPUC on Tuesday further defines ridesharing...
Jun 9 2014 // New Hampshire businesses aren’t happy with the latest delay in the small group health insurance market created by the Affordable Care Act, but some are more understanding than others.Companies have been able to...
Jun 6 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said today Nationwide Mutual Insurance Company has been approved to write auto insurance in New Jersey, and the company will begin offering auto...
Jun 3 2014 // International insurance economics think tank, The Geneva Association, has appointed Anna Maria D’Hulster as Secretary General and Managing Director.She has held a number of senior executive and board roles in the...