Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
74% of Nation’s Top Insurance Companies Are Hiring
May 4 2010 // The insurance industry employment outlook for 2010 is guarded, but cautiously optimistic, according to a new survey that also revealed 74 percent of the nation’s top insurance companies are currently...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves to 101
May 3 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
People
May 3 2010 // Cincinnati, Ohio-based American Empire Surplus Lines Insurance Co. (AESLIC) has named Frederick J. Woebse president and chief operating officer. He succeeds Robert Nelson, who was named chairman and chief executive...
Price Scare
May 3 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 RIMS Benchmark Survey fell in...
Price Scare
May 3 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 RIMS Benchmark Survey fell in...
People
May 3 2010 // Regional property/casualty insurance company, The Republic Group, based in Dallas, announced that Jim Drawert, vice president – Industry Relations, will retire June 30. Prior to joining Republic in 2003, Drawert was...
Price Scare
May 3 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 RIMS Benchmark Survey fell in...
Geneva Ass’n. Criticizes IMF’s ‘Stability Tax’ as ‘Contradictory’ for Insurers
Apr 29 2010 // The Geneva Association,* the most prominent global “think tank” for the insurance industry, has taken issue with the proposals from the International Monetary Fund to impose a “financial stability...
Insurance Industry Charitable Foundation Awards Grants
Apr 26 2010 // The Insurance Industry Charitable Foundation Western Division based in Walnut Creek, Calif., announced it has awarded and distributed more than $175,000 in grants to 23 community nonprofits in its first quarter. The...
A.M. Best: U.S. P/C Industry Results Rebound
Apr 26 2010 // The U.S. property/casualty industry reported a strong fourth quarter topping off a solid year, according to rating analysts. Net income climbed to $31.1 billion in 2009, driven by improved underwriting results, the...
Why Captive Solutions Might Grow Your Hospitality Book, and Revenue Too
Apr 23 2010 // Compare the estimated $30 billion in after tax profits that the U.S. property and casualty marketplace will likely book for 2009 to the year end results of the hospitality industry, whose lodging (occupancy near 56...
Florida CEOs Urge ‘Cost Driver’ Reforms as Legislature Nears End
Apr 21 2010 // The Florida-Based Property Insurers CEO Group, representing 21 carriers, held a media conference today to discuss legislation to address the problems in the state’s property insurance market. The group downplayed the...
Saudi Arabia Insurance Sector Poised for Growth
Apr 20 2010 // Saudi Arabia’s insurance industry is poised for growth in the coming years if customers overcome misgivings about compliance with Islamic law and companies consolidate to gain critical mass. The world’s top oil...
Many Insurance Professionals on Fantasy Island
Apr 20 2010 // Many insurance industry professionals are living in a dream. Their fantasy is that the soft market is ending, but nothing could be further from the truth. As long as our economy stays weak, the soft market will continue. A...
Despite Tough Times, Insurance Industry Employee Benefits Secure
Apr 19 2010 // Independent insurance agencies and carriers’ top concerns for 2010 may be profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again, but that doesn’t...
Despite Tough Times, Insurance Industry Employee Benefits Secure
Apr 19 2010 // Independent insurance agencies and carriers face a hefty list of concerns for 2010 — profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again. Yet that...
Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers
Apr 19 2010 // Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published...
Insurers’ Group Comments on End of Sessions in Maine, Maryland
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
Risk Managers Continue to Report Soft Market Pricing
Apr 15 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 RIMS Benchmark Survey, fell...
