Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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,...
House Panel Releases Bill Creating Federal Insurance Office
Oct 2 2009 // Congress got a look yesterday at a draft of legislation to create a federal insurance office that would work on international insurance issues as well as monitor the insurance industry and insurers for anything that might...
Independent Agencies’ Overall Growth Down But Personal Lines Up
Oct 1 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...
Commercial Buyers Remain Winners In Current Insurance Market
Oct 1 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...
Insurance Industry to Create National Database to Combat Cargo Crime
Sep 30 2009 // By networking existing databases and adding secure reporting and analytic functions, two insurance industry organization hope to create a nationwide information sharing system on cargo crimes. The rating and statistical...
Ireland’s International (Re)Insurance Market Posts Strong Growth in 2008
Sep 29 2009 // The Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, has announced “another record year of premium income...
P/C Industry Net Income Falls Nearly 60% in First-Half 2009
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
October 7th Lunch Discussion: The State of California Workers’ Compensation…. not for the Faint of Heart
Sep 24 2009 // SAN DIEGO – The Insurance Brokers & Agents of San Diego along with the Insurance Industry Charitable Foundation of San Diego will be hosting a lunch discussion on October 7, 2009 with guest speaker Linda Smith,...
Insurance Execs Not Confident of Underwriting Profit Over Next 3 Years
Sep 23 2009 // Insurance executives see their companies performing above general market expectations in 2010, but their outlook on the industry’s ability to generate underwriting profit in the next one to three years remains...
Web 2.0 for the Insurance Industry
Sep 21 2009 // How to Use Social Web Tools to Expand Contacts and Increase Opportunities Every insurance professional knows that our industry is built around relationships. Through rapidly developing Internet innovations, there are now...
Reinsurers’ Rendezvous Reveals Reflection; Sea Level Rise Imperil Coasts; Pirates Ahoy!
Sep 21 2009 // The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging...
Insurance Industry Facing Increased Regulatory, Legislative Activity: Study
Sep 18 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...
Leahy Bill Repeals Antitrust Exemption for Malpractice, Health Insurance Companies
Sep 18 2009 // Senate Judiciary Committee Chairman Patrick Leahy, D-Vt. has introduced legislation to eliminate a federal antitrust exemption for health insurance and medical malpractice insurance companies. As the Senate prepares to...
ABI Calls for Tax Reform to Keep Insurance Companies in UK
Sep 16 2009 // The Association of British Insurers (ABI) has issued a bulletin calling for reform of the UK’s tax system in order for the country to remain competitive with lower cost domiciles. Citing a recently completed study,...
Text: Sen. Baucus Introduces to Senate Financial Committee Health Bill
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future...
Text: Senate Finance Committee’s America’s Healthy Future Act of 2009
Sep 16 2009 // Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE...
James Weidner, Cooperative American Physicians CEO, to be honored with City of Hope’s Spirit of Life Award, November 14
Sep 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®...
People
Sep 7 2009 // ProMutual ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new...
E&S Brokers Look for Rays of Light at the End of the Tunnel
Sep 7 2009 // Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines...
Willis Exec Sees Insurance M&A Activity Increase in 2010
Sep 4 2009 // The insurance industry will see a pickup in mergers & acquisitions (M&A) activity in 2010, according to Tony Ursano, CEO of Willis Capital Markets & Advisory, a unit of Willis Group Holdings. Ursano made his...
