Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout. “Most companies in the...
International Research Program Releases Call for Papers
Oct 27 2008 // The Geneva Association and the International Insurance Society Inc, have released the awaited 2009 Call for Papers. The collaborative insurance research program, sponsored jointly by the two organizations, is designed to...
Economic Downturn Presents Challenges for Title, Mortgage Industry
Oct 27 2008 // Reserving for mortgage insurance and title insurance in an economic downturn and amid a stressed real estate market can present challenges for insurers and actuaries, attendees at the Casualty Loss Reserve Seminar were...
Insurance Industry “Top Models” Take the Runway for Charity
Oct 24 2008 // Insurance industry leaders strutted down the catwalk modeling fashions from noted local designers in the Honolulu Association of Insurance Professionals’ (HAIP) Insurance Fest “Fashion Show.” This second...
Risk Managers Report Price Softening Despite Cat Losses, Financial Crisis
Oct 24 2008 // Two major hurricanes and a global credit crunch were not enough to derail the relentless soft commercial insurance market in the third quarter, according to RIMS Benchmark Survey, an industry survey of policy renewal...
Insurance Commissioner Joins Industry Volunteers to Help Feed Sacramento Homeless
Oct 20 2008 // California Insurance Commissioner Steve Poizner will join the ranks with thousands of insurance industry volunteers throughout California to provide support to community nonprofit agencies during Volunteer Week, October...
Insurers Need to Beware of Business ‘Red Flags’
Oct 20 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
Group Nurtures Latin Agents’ Relationships, Better Business Practices
Oct 20 2008 // LAAIA President Rivero Urges Agents to Strike Balance Between Technology and Direct Client Contact When the Latin American Association of Insurance Agencies was establishing itself in the late 1960s and early 1970s, most...
Wanted: Florida Agencies Focusing on Hispanic Market
Oct 20 2008 // Sunshine State High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The movers behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal...
Shrinking Citizens Signals Progress in Florida Property Market
Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...
Insurers Need to Beware of Business ‘Red Flags’
Oct 20 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
Nice Nails
Oct 20 2008 // Small Claims and Economic Resilience Make Insuring Nail Salons Attractive Many lines of commercial insurance are facing a soft market, and despite the insurance market’s and nation’s economic woes, insurance...
Armed & Ready to Outsell the Competition
Oct 20 2008 // West Coast’s Interwest Insurance Services Remains Militant on Sales Top 100 Agency Profile Ranking: 12 Agency Name: InterWest Insurance Services Inc. Headquarters: Sacramento, Calif. Year Founded: 1992 Additional...
Surplus Lines: A Market in Transition
Oct 20 2008 // The Soft Market and Financial Crisis Could Lead Firms into ‘Uncharted Waters’ For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some...
Industry Innovators Give Agents Alternative Solutions
Oct 20 2008 // How to Use Surplus Lines Brokers and Managing General Agents Recent estimates show that about one third of all commercial risks in the United States are placed in an “alternative market.” As producers already...
Insurance Industry Files Appeal to Michigan High Court on Credit Ruling
Oct 6 2008 // Insurance industry parties today filed an appeal to the state Supreme Court in response to an August ruling by the Michigan Court of Appeals that would prohibit the use of credit-based insurance scoring. The August ruling...
Soft Market Challenges
Oct 6 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...
Insurers Need to Beware of Business ‘Red Flags’
Oct 6 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
U.S. P/C Insurers’ Net Income Falls More Than 50% in First Half 2008
Oct 6 2008 // The U.S. property/casualty industry’s net income after taxes fell more than 50 percent to $15.9 billion in the first half of 2008 on a combination of deteriorating underwriting results and declining investment...
It Pays To Specialize
Oct 6 2008 // How Program Managers Beat the Commodity Trend and Soft Market Despite challenging soft market conditions, today’s program administrators should be able to seize the day’s market opportunities thanks to their...
