Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Price Scare
Jun 7 2010 // Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the Risk and Insurance Management...
California Workers’ Compensation Insurance Market More Lucrative
Jun 7 2010 // Prices are improving in the California workers’ compensation insurance market – at least according to one specialty workers’ compensation carrier in the Golden State. According to PacificComp President...
What Agencies Should Do When Key Employees Leave
Jun 7 2010 // Protecting Trade Secrets, Confidential Agency Information Critical, Attorney Hirshfeld Says The insurance industry is a highly competitive market, even when it comes to its work force. There’s a shortage of highly...
P/C Trade Groups Join GNAIE in Opposing Unitary Accounting Standard
Jun 4 2010 // The Group of North American Insurance Enterprises (GNAIE), an association representing the Chief Financial Officers of major life insurance companies in Bermuda, Canada, and the United States, has joined with four other...
Report: Insurance Industry Spent $17 Million to Influence Calif. Election
Jun 2 2010 // Analysis released today by Campaign for Consumer Rights shows that insurers have spent more than $17 million dollars on candidates and initiatives to quietly influence the outcome of California’s June 2010...
Aon: P/C Insurance Rates Decrease, Capacity Continues to Increase
May 27 2010 // Property rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010, according to Aon Corp.’s 2010 U.S. Insurance Market Overview. Property...
MGAs Called Critical to Florida’s Property Insurance Market
May 25 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance industry executives...
Willis’ Plumeri Urges UK Government to Spur Insurance Industry Growth
May 21 2010 // Joe Plumeri, Chairman and CEO of Willis Group Holdings, “told an audience of insurance executives that the new UK Government must address the struggling economy to spur growth in the British insurance industry, while...
Senate Approves Financial Reform Bill
May 21 2010 // The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate approved S. 3217,...
Insurance Veterans Open McManus Agency in Medina, Ohio
May 21 2010 // Longtime insurance industry professionals Ryan and Roger McManus recently announced the opening of the McManus Agency in Medina, Ohio. President Ryan McManus and Director of Operations Roger McManus, are both experienced...
California Workers’ Compensation Insurance Market More Lucrative
May 18 2010 // Prices are improving in the California workers’ compensation insurance market — at least according to one specialty workers’ compensation carrier in the Golden State. According to PacificComp President...
Florida Leaders See Omnibus Bill Stabilizing Home Insurance Market
May 18 2010 // Florida insurance leaders belive that recently passed legislation (SB2044) is a step towards stabilizing the state’s property insurance market that has had been rocked by politics, premiums assessments, company...
Arizona Auto Thefts Down
May 18 2010 // Auto thefts in Arizona are declining with law enforcement and insurance industry partnerships to reduce crime and losses. Recent national data from the National Insurance Crime Bureau (NICB) shows the Tucson and Phoenix...
People
May 17 2010 // Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 17 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other...
Soft Market, Recession Delivers Stronger Managing General Agencies
May 17 2010 // AAMGA’s Rothert Says Opportunities for New Business on the Horizon Managing general agents have a positive attitude about what’s to come in the next year. The soft market and recession forced many MGAs to get...
Tardy Greek Debt Bailout Spreads Financial Crisis beyond Europe
May 12 2010 // Last weekend the leaders of the European Union finally realized that their dithering over a financial aid package for Greece had imperiled the entire continent’s financial structure. They acted to stem the tide by...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 11 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other...
New Jersey Targeting Growth in Captive and Reinsurance Markets
May 11 2010 // New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put...
Oregon Advises P/C Industry of Credit Scoring Changes
May 10 2010 // The Oregon Department of Consumer and Business Services Insurance Division is reminding the insurance industry of new credit scoring legislation, which passed in the 2009 Legislative session and apply to personal insurance...
