February 26, 2020
Via: CNBCThe coronavirus outbreak is sparking extreme demand for market protection, according to XFA’s Bill Looney. Looney, who runs the firm’s global business development, finds options traders are placing call strikes on the Cboe Volatility Index at a fever pitch as […]
February 5, 2020
Via: Insurance JournalTotal insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared […]
January 7, 2020
Via: Insurance JournalFarmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional states and the District of Columbia. In addition to the District of Columbia, Farmers will insure Uber drivers in Delaware, […]
November 25, 2019
Via: TheStreetYou may have heard the term “full coverage insurance,” but you may not have a full understanding of what it means. This is because the term isn’t an industry standard. It actually refers to a collection of car insurance policies […]
Capital and Risk, Macroeconomic
June 21, 2019
Via: Market WatchSt. Louis Federal Reserve President James Bullard on Friday said he wanted to cut interest rates this week to guard against an outlook of slowing growth and weak inflation. In a brief statement posted on his bank’s website, Bullard said […]
April 10, 2019
Via: Insurance JournalThe insurance industry is entering a new “post-digital” era where success is based on an organization’s ability to master artificial intelligence (AI) and other new technologies. The post-digital era doesn’t mean that digital is over, but rather that it’s no […]
April 4, 2019
Via: Insurance JournalA.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken steps to address their most problematic exposures, […]
February 26, 2019
Via: Insurance JournalAverage commercial insurance prices increased by two percent in the fourth quarter of 2018, the fifth consecutive quarter of average increases. Also, according to broker Marsh’s Global Insurance Market Index, composite pricing in Q4 increased in all global regions, the […]
February 14, 2019
Via: Insurance JournalA high-profile insurance fraud case on appeal in New York is being closely watched by fraud fighters across the country for the impact the decision will have on no-fault law. The case, Andrew Carothers, M.D., P.C. v. Progressive Insurance Company, […]
February 4, 2019
Via: Insurance JournalAs more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million consumers and $57.6 billion in spending […]
February 1, 2019
Via: Insurance JournalGrowth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson. In the […]
November 19, 2018
Via: Insurance JournalOnce again the fate of the nation’s flood insurance program is coming down to the wire. Authorization for the program is set to expire Friday, Nov. 30 unless Congress acts. The most likely action will be another short-term extension. Sens. […]
October 30, 2018
Via: Insurance JournalThe current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates rising by low-to-mid-single digits, and commercial casualty rates showing smaller changes, according to a […]
October 29, 2018
Via: Insurance JournalAnother insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, […]
August 27, 2018
Via: Insurance JournalEven as they look back on several years of steady growth and success, many owners of independent insurance agencies now find themselves at a crossroad where they are pressed to make critical strategic decisions about the future of their firms. […]
August 23, 2018
Via: TheStreetFar too many people don’t think about flood insurance when buying insurance. Floods actually are the most common type of natural disaster, and most typical homeowner policies do not provide flood coverage. If you don’t think you need flood insurance, […]
July 30, 2018
Via: Insurance JournalThere is not a lot time left to avoid a lapse in the federal government’s flood insurance program. The Senate is expected to follow the House, which voted last week to temporarily reauthorize the program. Senate Majority Leader Mitch McConnell […]
July 11, 2018
Via: Insurance JournalBlockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. It’s been a slow and evolutionary process—one that ultimately […]
Activity, Capital and Risk, Credit, Insurance, Trading
July 6, 2018
Via: Insurance JournalTrade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array of imports from China. As countries ratchet […]
May 9, 2018
Via: TheStreetThe U.S. property & casualty insurance industry pays out more than $400 billion in policy benefits, according to the American Insurance Association. The industry also employs about 2.3 million people, making property & casualty (or “P&C,” as insurance insiders call […]