Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Insurance Industry Charitable Foundation to Honor Swiss Re
Nov 18 2008 // The Insurance Industry Charitable Foundation (IICF) announced that it will honor Pierre Ozendo, CEO and chairman of the Americas division of Swiss Re, for the company’s ongoing commitment to developing sustainability...
Lockton Report Analyzes Current Trends, Emerging Risks
Nov 18 2008 // Global insurance broker Lockton has published its Fall 2008 Market Update, a snapshot guide to the latest trends and emerging risks confronting risk managers and insurance carriers today. “The 2008 Lockton Market...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
Report: Shifting Insurance Market Means New Challenges for Buyers
Nov 17 2008 // Pressures that could harden the property and casualty insurance market loom over insurance carriers entering into the final weeks of 2008, says a new industry report by the global insurance broker Lockton. In its Fall 2008...
Soft Market Challenges
Nov 16 2008 // Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus...
Even Best Practices Agencies Struggle To Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge, Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) last month released its annual Best Practices Study. The independent...
Even Best Practices Agencies Struggle to Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) in October released its annual Best Practices Study. The independent...
Soft Market Challenges
Nov 16 2008 // Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus...
People
Nov 16 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI...
Now is Not the Time for Insurance Industry Retreat
Nov 16 2008 // The word change has been largely embraced by the country this election season. As small business owners, the concept of change in our industry is something we have long been familiar with. Changes in the marketplace are...
Sensible Success
Nov 16 2008 // Focusing on One Industry Has Allowed Construction Specialist Allied North America to Grow Organically Through Even the Toughest Markets Top 100 Agency Profile Ranking: No. 6 Agency Name: Allied North America Headquarters:...
Insurance Industry’s Political Contributions to Democrats Spike in 2008
Nov 16 2008 // Political contributions to Democratic candidates in the 2008 election spiked more than 10 percent overall, according to data from the Center for Responsive Politics, a nonpartisan, independent research group that tracks...
Wanted: Agencies Focusing on Hispanic Market
Nov 16 2008 // Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products,...
Montana Captive Insurance Association Says New Auditor Signals Positive Future
Nov 14 2008 // The Montana Captive Insurance Association Inc. is applauding the election of Monica Lindeen as the new state auditor. The state auditor also serves as insurance commissioner and regulates captive insurance...
Mass. Surviving Bumps in the Auto Insurance Road
Nov 2 2008 // Burnes Rules Out Permitting Insurers to Use Credit Scores; Goes Slow on Property Market Issues Massachusetts Insurance Commissioner Nonnie Burnes has presided over the biggest shakeup in the Massachusetts’ personal...
Bright Spots and Challenges Go Hand in Hand in Louisiana
Nov 2 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Conning Research: Challenges, Threats Loom for Homeowners Insurance Market
Nov 2 2008 // The five-year period spanning from 2003-2007 served the homeowners insurance line favorably after the dismal 20-year period that preceded it, and return on surplus for the line averaged an estimated 11 percent for those...
Industry Gives Back to Biomedical Research and Treatment Institute
Nov 2 2008 // Sullivan Group’s Chairman Leads Fundraising Campaign for City of Hope Gala, Nov. 20 This month will mark the 30th time that the insurance industry has come together in support of Duarte, Calif.-based City of Hope, a...
Letter to the Editor: Employers Can Help to Increase Professionalism
Nov 2 2008 // I read Christopher J. Boggs’ commentary, “AIG Crisis Highlights the Need for Insurance Professionalism” (see page N40) and I would like to voice agreement with certain of his assertions and strongly...
Reinsurers Expect Financial Storm Will Cause Premium Increases
Oct 28 2008 // The world’s reinsurers expect the intensifying financial market storm will allow them to push through higher prices for the risk cover they offer insurance companies. The world’s No. 2 and No. 4 reinsurers,...
