Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
News Currents
Jul 2 2007 // Mississippi poses PR challenge for State Farm and industry It’s the latest version of the Hatfields versus the McCoys but with billions of dollars and an insurer’s, if not an industry’s, reputation at...
Focus key to surviving insurance industry challenges
Jul 2 2007 // The “big problems” facing insurance agents and brokers today are human resources; government intervention; sustaining agency revenue growth/profit; maintaining a consistent company strategy and tactics; and...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
Michigan insurance industry data
Jun 18 2007 // • The insurance industry in Michigan employs more than 111,000 people through insurance carriers, agencies, and brokerages and related services. • For every three people employed by the insurance industry, one...
News Currents
Jun 18 2007 // Mich. study: Industry can be key player in economic recovery The results of a new study indicate that the insurance industry will lead the state in job creation in the coming decade, resulting in more than 16,000 total new...
Terrorism Risk Insurance Act Déjà Vu
Jun 18 2007 // It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or...
News Currents
Jun 18 2007 // Risk managers take strong stand against contingent commissions RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of...
News Currents
Jun 18 2007 // Fast-growing, state-run property insurers pose risk for taxpayers Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to...
Workers’ comp writers report best underwriting results in decades
Jun 18 2007 // The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the...
Private Sector Summit to focus on Florida property insurance market
Jun 18 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 HB 1A. How to respond to and manage those mandates will be the focus of...
UK Committee Adopts Contract Certainty Code of Practice
Jun 14 2007 // Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed...
R&M: Issues Report on UK Direct Insurance Market
Jun 13 2007 // Research and Markets announced the addition of an UK “Direct Insurance Market Report 2007” to their offering. The research firm’s bulletin noted that direct insurance has increasingly become the...
Guy Carp Publishes Global Terror Insurance Market Study
Jun 12 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published a new study on the “Global Terror Insurance Market.” It contains information from...
AXA, BNP Establish Partnership for Ukraine Insurance Market
Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...
Fast-Growing, State-Run Property Insurers Pose Risk for Taxpayers
Jun 8 2007 // Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast,...
Mich. Study: Industry Can Be Key Player in State’s Economic Recovery
Jun 6 2007 // Michigan’s insurance industry will lead the state in job creation in the coming decade, resulting in more than 16,000 total new jobs by 2014, helping transition the state to a high-tech 21st century economy and...
AXA Launches 2nd Motor Securitization
Jun 5 2007 // France’s AXA Group has launched its second securitization of motor insurance risks based on individual motor policies underwritten by its German, Belgian, Italian and Spanish operations. AXA launched its first motor...
S&P Experts See Latest Pricing Downturn as ‘Something Different’
Jun 4 2007 // Experts say market conditions in the property/casualty insurance and reinsurance sector indicate the hard market, however short, is now over, and the industry is witnessing the beginning of the pricing cycle’s...
