Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Mobile Food Vendor Market Explodes as Insurance Market Evolves
Jun 6 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....
Living with Solvency II; A Top Regulator Gives His Views
Jun 3 2011 // Solvency II, the European Union’s imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the only elephant in the room It is, however the main focus of a great deal of...
Will Next Big Nat Cat Turn Cycle? ‘Maybe’ Say Reinsurance CEOs
May 31 2011 // The reinsurance world has always been a bit arcane, but rarely to the extent it appears to be right now. Henry Keeling, the president and CEO of Guy Carpenter’s international operations, noted at the European...
S&P Sees High Growth Potential for India’s P&C Market
May 26 2011 // Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving...
Insurance Industry Charitable Foundation Names Midwest Directors
May 25 2011 // The Insurance Industry Charitable Foundation approved the Midwest division board of directors and executive committee. Twelve senior executives representing companies operating in the Chicago area serve on the...
National Interstate Enters Ambulance Insurance Market
May 18 2011 // National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP)...
Americans Oppose Accident Response Fees: Insurance Industry Survey
May 18 2011 // Sixty-eight percent of adults oppose local governments charging accident response fees to individuals involved in traffic accidents, according to a new insurance industry survey. The Insurance Research Council (IRC) survey...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Australia Flood, Cyclone Claims Assessments near Completion Says ICA
May 17 2011 // According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims...
Claims Journal Names Johnson Associate Editor
May 16 2011 // Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate editor of Claims Journal. Johnson’s background includes various claims positions,...
Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes
May 16 2011 // Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased – so much so that Dr. Erwann Michel-Kerjan,...
People
May 16 2011 // Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and CEO. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian Duperreault,...
Florida Lawmakers Approve Property Reform
May 16 2011 // In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues. In addition to redefining sinkhole losses, the measure...
Changes on the Playing Field; P&C Insurers Question Impact of New Regulations
May 11 2011 // The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but...
Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes
May 10 2011 // Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased — so much so that Dr. Erwann Michel-Kerjan,...
Florida Approves Property Insurance Reform
May 9 2011 // Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state...
$11M in Calif. Insurer Investments Go to Underserved Communities
May 4 2011 // Insurance Commissioner Dave Jones and Speaker John A. Pérez announced that $11 million in new insurance company investments will benefit underserved communities across California. In February, the commissioner sent a...
Japan Quake Reveals Cracks in Insurance System
May 2 2011 // Michael Korn, managing principal at Integro Insurance Brokers, is a popular person these days, which is perhaps not too surprising considering he is an insurance broker in earthquake-prone San Francisco. “We’re...
Separating Myths from Facts on Florida’s Citizens
May 2 2011 // Currently, Florida’s legislature is considering a proposal that will help restore health to Florida’s insurance market. As the proposal moves forward, it is worth separating the myths from the facts on the...
100 Years of Relationships
May 2 2011 // Fourth Generation Family Owned Moreton & Co. Honors Traditional Values Top 100 Agency Profile Rank: No. 18* Agency Name: Moreton & Co. Main Office: Salt Lake City, Utah Additional Locations: Sandy, Utah; Boise,...
