insurance market News

Number of Insurers Based in Texas ‘Average’ Compared to Size of Market

The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an “average” number of insurance carriers call the state home, and many of the 400 insurance companies that are based in …

Bentley Appoints Panel on Alabama Insurance Market

Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements. The commission will be led by Baldwin County Probate Judge Tim Russell. Bentley has said he’ll hold a special …

New Zealand Quakes Drive Insurance Market Changes

A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage and costly claims. “Although there has …