Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Passionate About Insurance and Writing? This May Be Your Opportunity
Dec 3 2009 // Insurance is one of the most important industries in the U.S. and other nations. This is not hyperbole; without insurance, we couldn’t enjoy much of the stuff to which we have grown accustomed: jobs, homes, cars or...
Swiss Re Economists See Gradual Recovery; Regulation Concerns
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Sullivan Named Los Angeles’ Insurance Person of the Year
Nov 30 2009 // The Los Angeles Chapter of the CPCU Society has named Gerald J. Sullivan its Rie R. Sharp Insurance Person of the Year Award winner. According to the society, the award recognizes “an individual who has set a...
Wisconsin Technical College Creates Insurance Education Program
Nov 23 2009 // Madison, Wis., Area Technical College has launched an Insurance Certificate Program to respond the needs of the growing insurance industry in that state. Wisconsin has the 6th largest concentration of insurers in the...
Marine Insurance Market Faces ‘Choppy Seas’ Willis Report Concludes
Nov 18 2009 // The Marine insurance market continues to face “choppy seas in the wake of the global economic crisis, with a sharp decline in international trade crippling certain sectors of the shipping community, piracy spreading...
Insurance Associations Concerned on Financial Stability Improvement Act
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
People
Nov 15 2009 // The National Association of Professional Surplus Lines Offices (NAPSLO) recently honored John Latham, regional president with Markel, for his contributions as an excess and surplus lines professional. He received the...
Pros and Cons
Nov 15 2009 // Like many other insurance industry groups the Independent Insurance Agents and Brokers of America (IIABA or Big “I”) has found a lot not to like in the healthcare reform bill recently passed by the U.S. House...
States Back Federal Role in Insuring Natural Catastrophes
Nov 15 2009 // After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance...
Healthcare Reform Pros and Cons
Nov 15 2009 // Like many other insurance industry groups the Independent Insurance Agents and Brokers of America (IIABA or Big “I”) has found a lot not to like in the healthcare reform bill recently passed by the U.S. House...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 15 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most...
Pollution Insurance: Peace of Mind or Smart Soft Market Marketing?
Nov 15 2009 // In today’s competitive insurance industry and struggling economy, agents are hard pressed to sell anything more than the bare coverage necessities. But while this challenge may seem daunting, it is not without...
Insurance Trades Cast Wary Eyes at Senate Financial Services Bill
Nov 11 2009 // Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry representatives were quick to...
Insurance Journal Magazine Unveils iPhone Application
Nov 5 2009 // SAN DIEGO, CA (November 5, 2009) — Insurance Journal, the world’s leading news source for the property/casualty insurance industry, has launched a new iPhone application, that allows readers to quickly view...
A.M. Best Study: P/C Industry’s Risk-Adjusted Capital Fell in 2008
Nov 3 2009 // The U.S. property/casualty industry experienced a 17 percentage point decline in risk-adjusted capitalization in 2008, according to A.M. Best Co., which conducted a four-year study. However, the capital still exceeded...
House Health Bill Boosts FTC Authority Over Health Insurers
Nov 2 2009 // Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials said. The FTC, which...
Study: Workers’ Compensation Public Options Outperform Private Industry
Nov 1 2009 // State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
People
Nov 1 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
What to Watch Now in the World of D&O
Nov 1 2009 // Due to constantly evolving financial and litigation environments, the issues that are most critical in the world of directors’ and officers’ liability insurance vary significantly over time. This overview...
