Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 30 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
Insurance Dollars Influence Western Legislators
Nov 30 2008 // Congressional candidates from the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming pulled in donations from a variety of insurance...
Buyers Advised to Prepare Now for Hardening Markets as 2008 Winds Down
Nov 30 2008 // Pressures that could harden the property/casualty insurance market loom in the final weeks of 2008, says a report by the insurance broker Lockton. “In the first half of 2008 insurer profits declined 57 percent, the...
Steady Habits Make for a Stable Market
Nov 30 2008 // Regulator Says Nutmeg State Will Take AIG and Catastrophe Problems in Stride Connecticut Insurance Commissioner Thomas Sullivan considers himself something of an insider when it comes to the insurance industry –...
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 24 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
IAG, State Bank of India Agree to Form General Insurance Joint Venture
Nov 24 2008 // Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in...
Health Insurers Back Universal Coverage with Individual Mandate
Nov 20 2008 // The nation’s health insurers have proposed guaranteed coverage for people with pre-existing medical conditions in conjunction with an enforceable individual coverage mandate. Under the industry proposal, health plans...
Has the Declining Economy and Soft Market Affected Your Marketing Plans for 2009?
Nov 19 2008 // Beacon Marketing – “Helping to guide your prospecting needs to new destinations” Orange, CA – November 19, 2008: With the current economic conditions, a lot of agencies have had to reduce and/or cut...
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...
