Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
XL is Co-sponsor of Second China Leadership Conference
Nov 12 2007 // Bermuda’s XL Capital Ltd. will co- sponsor the China Insurance Industry Executive Leadership Program for the second year. The program is designed to identify and develop future leaders among the People’s...
Earnings Reports Summaries: Allianz, Allied World, CastlePoint, Hannover Re
Nov 9 2007 // The following companies, listed in alphabetical order, have recently reported third quarter and nine-month earnings results. To obtain the complete report, supplemental information, as well as the details of...
Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Defeat for Insurance Industry; Wash. Voters Approve Referendum 67
Nov 7 2007 // Much to many insurance companies’ dismay, Washington voters approved Referendum 67 yesterday, with 520,667 or 57 percent of voters in favor of the initiative to allow insureds to collect triple damages if their...
Insurance charitable giving leaders to gather in N.Y. on Dec. 5
Nov 4 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City Mayor Michael Bloomberg will be the honoree and Martin J....
How to Beat the Soft Market Blues
Nov 4 2007 // The market for management liability coverages is soft. Premiums are down, which means revenues are down. Yet there still are tremendous opportunities for proactive agents and brokers to sell the coverages, according to...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Consumer Group Says Calif. Commissioner’s Aide Helped Insurers in Lawsuit
Nov 2 2007 // The Foundation for Taxpayer and Consumer Rights is claiming a former insurance industry lawyer, a senior counsel to California Insurance Commissioner Steve Poizner, covertly assisted insurance companies in a lawsuit they...
Insurance Industry Charitable Foundation Launches Firestorm Relief Effort
Nov 1 2007 // In response to the wildfire disaster in California, the Insurance Industry Charitable Foundation has established the Industry Foundation Firestorm Response on behalf of the industry and its partners. All online...
Mapfre Cites Hispanic Insurance Market Potential Behind Commerce Acquisition
Nov 1 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group. Mapfre officials calculate that...
Congressional Hearing Again Targets Regulatory Reform
Oct 31 2007 // No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support...
Insurance Industry Charitable Giving Leaders to Gather in N.Y.
Oct 29 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City Mayor Michael Bloomberg will be the honoree and Martin J....
Off-year election 2007 could provide glimpse into 2008
Oct 27 2007 // This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key...
Bramlett to Receive Okla. Insurance Industry Service Award
Oct 23 2007 // The Central Oklahoma Chapter of the CPCU Society, the Central Oklahoma Chapter of RIMS and the Insurance Women of Oklahoma City announced that Robert Bramlett is the recipient of the 2007 Insurance Industry Service Award....
Insurance Industry Assessing Calif. Wildfires, Sends in Assistance
Oct 23 2007 // Insurance industry professionals are rallying the troops, bringing in claims professionals and others to assist in battling several major wildfires burning across Southern California. On Sunday, Gov. Arnold Schwarzenegger...
Insurers Say Calif. Wildfire Claims May Reach $500 Million
Oct 23 2007 // Exclusive Video California Wildfires: Insurance Industry Assesses Impact California Wildfires: Insurers On Site at Evacuation Centers The insurance industry is estimating that the damage from the wildfires in southern...
AXA Corporate Solutions Head Calls for Premium Stabilization
Oct 18 2007 // Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten...
Lloyd’s Launches Recruitment Program
Oct 18 2007 // Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months...
