Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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,...
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...
