Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
White Papers and Blueprints: Agents Chart Their Own Regulatory Future
Apr 21 2008 // Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance...
Health Care Market May Be Safer to Operate In
Apr 21 2008 // Tort reform, soft market, drive down claims frequency in health care facility liability market Health care facility professional liability has faced new challenges due to recent tort reform efforts, the soft market and a...
Survey: 1Q Commercial Lines Premiums Drop Most Since 2005
Apr 21 2008 // Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting claims from the meltdown of...
Climate Change Risk Gives Industry An Opportunity to Be Part of the Solution
Apr 21 2008 // Global warming, the consequence of which is referred to as climate change, is the heating of the earth’s surface temperature caused by man-made activity linked to release of greenhouse gases (GHGs). The burning of...
Lloyd’s Authorized as Brazil Reinsurer
Apr 18 2008 // Lloyd’s has received approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in Brazil. Lloyd’s announced that it had applied for the license in February (See IJ...
Auto Exempted from Colorado Fair Accountable Insurance Rates Act
Apr 18 2008 // After more than five hours of testimony and deliberation on Colorado House Bill 1389, the House Business Affairs and Labor Committee has amended a controversial bill that insurance associations said would have imposed a...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
California Workers’ Compensation Insurer in the Midst of Change
Apr 11 2008 // California State Compensation Insurance Fund has been facing many changes recently, but it has no intent to be the dominant player in the state workers’ compensation insurance market, according to Janet Frank,...
Transatlantic Re Applies to Enter Brazil
Apr 11 2008 // Not to be outdone by it French competitor (See related article), Transatlantic Reinsurance Company (TRC), a wholly-owned subsidiary of Transatlantic Holdings, Inc., has recently applied to Brazil’s regulatory...
SCOR Admitted as Brazilian Reinsurer
Apr 11 2008 // France’s SCOR has been admitted as a property and casualty reinsurer in Brazil. In addition, SCOR is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life...
Marsh Survey Finds Corporate Captive Growth Despite Soft Market
Apr 11 2008 // Marsh’s London office has issued a new “global benchmarking report,” which examines the use of captive insurance companies by today’s global firms. The report -“Next Generation Captives...
S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks
Apr 10 2008 // Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life...
European Insurance Forum Examines Industry Changes
Apr 9 2008 // The 10th edition of the European Insurance Forum wrapped up proceedings on Tuesday night. The two-day conference, held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management...
S&P Warns Soft Market Could Mean Downgrades for Commercial Insurers
Apr 9 2008 // The U.S. commercial lines property/casualty insurance “soft” pricing cycle will likely mean outlooks on some commercial lines insurers will be revised to negative in the second half of 2008, according to...
XL Targets Opening of Brazilian Reinsurance Market
Apr 7 2008 // XL Re, the global reinsurance operations of XL Capital Ltd. said it plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer, subject to regulatory approval. XL Re’s entry is a response...
Survey: 1Q Commercial Lines Premiums Drop Most Since 2005
Apr 7 2008 // Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting claims from the meltdown of...
Agents in the East Find Recession Hurts Others More Than Them
Apr 7 2008 // How agents from Mass. to Virginia are faring as the economy slows, competition quickens and government changes the rules Agents across New England and the Mid-Atlantic states are worried about how they and their customers...
It’s the Soft Market, Stupid
Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...
In Midwest, Economic Downturn Makes Soft Market Even Tougher
Apr 7 2008 // In recession-battered Michigan and elsewhere, agents pursue opportunities despite market conditions When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more...
It’s the Soft Market, Stupid
Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...
