Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Executives See Only Moderate Growth for P/C Industry in 2008
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
European Risk Managers, Industry Face New and Not so New Challenges
Jan 27 2008 // FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the...
To Thrive and Survive
Jan 27 2008 // E&S brokers seek new ways to grow, prosper in today’s changing market For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving...
The Pressure’s On
Jan 27 2008 // Washington State’s Kreidler believes now’s the time for the industry to face climate change Washington State Insurance Commissioner Mike Kreidler has proven adept at balancing the many demands placed upon state...
Dinallo: Bond Insurance Market Fix Needs Time
Jan 24 2008 // Days after announcing a three-part strategy to fix the ailing New York bond insurance market, the state’s top regulator said any plan to deal with the issues facing insurers would take time. “These are...
Insurers Must Focus on Opportunities, Avoid Price Wars to Stay Profitable
Jan 23 2008 // Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to industry analysts. “With pricing becoming increasingly...
A New Approach to New Business Prospecting for the Insurance Industry
Jan 22 2008 // Beacon Marketing Group – “Helping to guide your insurance prospecting needs to new destinations” Orange, CA – January 22, 2008: Beacon Marketing Group was founded by a management team with over 35...
Vermont Captive Insurance Leader Crouse to Retire
Jan 22 2008 // Leonard Crouse, Vermont deputy commissioner of Captive Insurance and a fixture in the state’s captive insurance industry for 18 years, has announced his plans to retire effective June 1. For more than 30 years Crouse...
Tort Trends Likely to Remain Stable in 2008, Finds I.I.I. Survey
Jan 16 2008 // Tort trends will likely remain stable in the year ahead, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 12th annual Property/Casualty Insurance Joint Industry Forum. Sixty-six...
A New Social Networking Site for the Insurance Industry
Jan 14 2008 // Sexy Insurance? A New Social Networking Site for the Sexiest Industry on the Planet. Meet new colleagues, network, job search, trade war stories, post pictures, video, audio, and more! Boston, MA – January 14, 2008:...
Survey: Prices Continue to Drop for Commercial Lines Market
Jan 14 2008 // Commercial lines insurance premiums continued to tumble during the fourth quarter of 2007, according to the RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by corporate risk managers. Despite...
Genstar Capital, Execs Create National Brokerage for Hispanic Consumers
Jan 14 2008 // San Francisco-based Genstar Capital LLC, a middle market private equity firm, has partnered with insurance industry executives and Westline Corp. to establish Confie Seguros, a platform company formed to facilitate the...
Deregulation Pushing Banks Into Insurance Industry
Jan 13 2008 // As the financial services industry has evolved since deregulation, there has been a rise in “bancassurance: the joint effort of banks and insurers to provide insurance services to the bank’s customer...
What the Reauthorization of TRIA Means to the P/C Industry
Jan 13 2008 // On Dec. 26, President George W. Bush signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 to reauthorize the federal backstop for seven years. First and foremost, reauthorization of TRIA means it is...
Continuing Education Methods Serve a Positive Purpose
Jan 13 2008 // Continuing education (CE) is a fact of life for all agents and brokers. Because states require CE credits, it translates into the reality of a continuous, and often repetitive, obligation — a career-long commitment of...
Aiming to Improve Alaska
Jan 13 2008 // A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former...
The World According to TRIPRA
Jan 13 2008 // Passage of federal terrorism insurance extension buys another seven years for industry to find a long-term solution Many in the insurance industry breathed a cool sigh of relief when just five days before the Terrorism...
Contractors’ Insurance: The Hard Sell for the Soft Market
Jan 13 2008 // Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the...
Research & Markets Issues Report on South Africa
Jan 9 2008 // Dublin-based Research and Markets announced the addition of “South African Insurance Industry Forecast till 2012” to their offering. The report “provides extensive research and in-depth analysis of the...
Insurance Bureau of Canada Calls for ‘Heightened Cooperation’ on Quakes
Jan 8 2008 // Central Europe isn’t the only place in the world that faces earthquake threats (See related article). The Insurance Bureau of Canada has issued a call for the creation of an ongoing working group between the...
