Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
House Healthcare Overhaul Unveiled
Oct 30 2009 // Democrats in the House unveiled a sweeping healthcare overhaul Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich. Weeks of closed-door negotiations to...
Tom Brokaw to Address Insurance Industry Charitable Foundation Gala
Oct 29 2009 // The Insurance Industry Charitable Foundation (IICF) said NBC News Correspondent Tom Brokaw will be its special guest speaker for the 2009 New York Division Gala. The event is being held on December 9 at the Waldorf Astoria...
U.S. Senate Healthcare Bill to Include Public Option with State Opt-Out
Oct 27 2009 // Democratic leader Harry Reid said Monday the U.S. Senate’s healthcare overhaul will include a government-run insurance plan that lets states opt out, handing liberals an early victory on the bill’s most...
Attack on Health Firms Is Assault on All Private Insurance, Warns P/C Chief
Oct 26 2009 // Attacks by President Obama and Congressional Democrats against private health insurers will have a “spillover effect” on other segments of the private insurance marketplace, a property/casualty insurance trade...
2010 Looks to Be Painful Year for P/C Insurers, Brokers: Advisen
Oct 22 2009 // Economists have declared the Great Recession over, but its lingering effects will continue to chip away at commercial property/ casualty premiums through 2010, according to insurance experts. A new Advisen Ltd. briefing...
Healthcare Battle Turns to Antitrust Law for Malpractice, Health Insurers
Oct 22 2009 // Democrats in Congress moved Wednesday to repeal the health insurance industry’s exemption from antitrust laws, cranking up the pressure in a growing battle over President Barack Obama’s healthcare reform...
Study: Workers’ Compensation Public Options Outperform Private Industry
Oct 21 2009 // An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of performance categories and at...
Commercial Buyers Remain Winners In Current Insurance Market
Oct 19 2009 // Insurance markets are in a relative state of calm and commercial insurance buyers are benefitting from generally stable pricing, global insurance broker Lockton says in a new report. In its overview, Lockton reports that...
Agencies’ Overall Growth Down But Personal Lines Up
Oct 19 2009 // The bad news is that overall organic growth for independent insurance agencies is down. The good news is that there continues to be growth in two areas: personal lines and group product sales. The Independent Insurance...
Insurance Charity’s Golf Tourney for Children Adds New Casino Night
Oct 16 2009 // For seven years every October the Insurance Industry Charitable Foundation has held its annual charity golf tournament to benefit children. But this year is different. For one thing, the venue has been moved to the Arroyo...
Obama Official Questions Need for Insurance Antitrust Exemption
Oct 15 2009 // There are “strong indications” that the justifications for the insurance industry’s limited antitrust exemption that existed in 1945, when McCarran-Ferguson was enacted, are no longer valid, an Obama...
James Weidner, Cooperative American Physicians CEO, to be honored with City of Hope’s Spirit of Life Award, November 14
Oct 14 2009 // LOS ANGELES – City of Hope’s National Insurance Industry Council (NIIC) will honor James L. Weidner, chief executive officer of Cooperative of American Physicians Inc. (CAP), with The Spirit of Life®...
Senate Panel Passes Healthcare Bill
Oct 14 2009 // A key U.S. Senate committee endorsed a sweeping healthcare overhaul Tuesday, gaining the support of an influential Republican and delivering President Barack Obama a victory on his top domestic priority. The...
White House Blasts Health Insurers’ Report on Costs of Reform Bill
Oct 13 2009 // The White House Monday blasted a report from the health insurance industry that said Senate healthcare legislation would lead to increases in annual insurance premiums of as much as $4,000 by 2019. The report for the...
Market Reform Renamed ‘London Market Group’
Oct 13 2009 // The Market Reform Group has been renamed the London Market Group (LMG) and its scope of action has been broadened to “discuss any aspect of business where a cross market view, or some collaborative action, might be...
Louisiana-based Eagan Insurance Announces Staff Additions
Oct 8 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...
How to Reinvigorate Producers and Other Employees Who Have Lost Their Spark or Become Too Comfortable
Oct 5 2009 // Incentive Compensation Should Focus on Customers not Premiums, Consultant Says Al Diamond is one of the country’s best known agency management consultants. His firm, the Agency Consulting Group, is based in Cherry...
2009 a Boom Year for Government Activity on Insurance
Oct 5 2009 // Legislative and regulatory activity affecting the insurance industry has increased considerably in 2009 compared to the previous two years, according to a new report. From January to July 2009, more than 10,000 pieces of...
The ‘Special’ Relationship
Oct 5 2009 // The bond between the United States and the U.K. has been the subject of a significant amount of media comment in recent weeks on both sides of the Atlantic. Our long held “special” relationship seems to have...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
