Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Trial Bar Report: Insurers Still Denying Claims 2 Years After Katrina
Aug 30 2007 // Two years after Hurricane Katrina decimated the homes of thousands of Gulf Coast residents insurance companies are still systematically denying policyholders fair and just claims payments following this and other natural...
UK Insurance Market Worth $352 Billion Says R&M Report
Aug 30 2007 // According to its recently released “Insurance Industry Market Review 2007,” Dublin-based Research and Markets examination of the UK insurance market and the industry that provides it with insurance products,...
TWG Capital Executes $100 Million Financing with Fifth Third Bank, MidAmerica Bank, Cardinal Growth and Stark Investment
Aug 29 2007 // INDIANAPOLIS – TWG Capital, the leading provider of financial solutions for the insurance industry, today announced it has entered into a $100 million financing with Fifth Third Bank, MidAmerica Bank, a group led by...
Governors Urged to Back OFC Legislation
Aug 24 2007 // Two former governors urged the National Governors Association to back federal legislation that would implement an optional federal charter regulatory system in the insurance industry. “The success of the insurance...
N.Y. Charitable Foundation Names Exec Committee
Aug 22 2007 // The Insurance Industry Charitable Foundation – New York Division announced the formation of its Executive Committee and first Board of Directors. The Executive Committee and industry board will guide the strategies...
Middle East Insurance Report from R&M
Aug 15 2007 // Dublin-based Research and Markets announced the addition of “Opportunities in Middle East Insurance Market” to their offering. The report is designed to “help clients to analyze the leading-edge...
Westfield Insurance Hosts Workshop to Promote Industry Recruitment
Aug 9 2007 // On July 16-18, nearly 100 insurance industry leaders, school administrators and teachers, representing 22 different states, attended a comprehensive workshop at Ohio-based Westfield Insurance to learn about InVEST, a...
In Miss. primary, incumbent Dale faces Katrina, Scruggs and fellow Dems
Aug 6 2007 // Hurricane Katrina has nearly knocked the wind out of George Dale’s re-election campaign for Mississippi insurance commissioner, a job he’s held for 32 years. Dale is the longest-serving state insurance...
Agents capitalize on soft market opportunities when buying E&O
Aug 6 2007 // Jim Armitage of California and Jonathan Geib of Tennessee are among the numerous independent agents who are looking for higher professional liability limits, and why not. Soft market conditions prevail in today’s...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
Agents Errors & Omissions
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
News Currents
Aug 6 2007 // In Miss. primary, incumbent Dale faces Katrina, Scruggs and fellow Dems Hurricane Katrina has nearly knocked the wind out of George Dale’s reelection campaign for Mississippi insurance commissioner, a job he’s...
Agents in E&O Buyer’s Seat
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years
Aug 2 2007 // The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration. The panel voted by 49 to 20 in favor of H.R. 2761, the...
Global Insurance Leaders Place Growth at Top Of List
Aug 1 2007 // The leading overall issue facing the global insurance industry is capitalizing on new market opportunities, according to a survey of the participants at the 43rd Annual Seminar of the International Insurance Society (IIS)...
Still time to register for Private Sector Summit on Florida property insurance market
Jul 26 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of the property insurance law (HB 1A) that contains new mandates. How to...
Industry Still Divided as House Federal Charter Measure Reintroduced
Jul 25 2007 // U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over...
Consumer, Civil Rights Groups: FTC Credit Score Report is Biased
Jul 24 2007 // Representatives of consumer and civil rights organizations have condemned a congressionally-mandated report on insurance credit scoring by the Federal Trade Commission (FTC) as biased insurance industry propaganda....
Reeling in the new recruits
Jul 23 2007 // The surplus lines market is not unlike any other segment of the industry. Recruiting and hiring talented young professionals is a top priority. But attracting young college graduates to a small, yet important segment of...
