Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
People
Jun 4 2007 // National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to...
Risk Managers Take Strong Stand Against Contingent Commissions
May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...
Study Highlights Industry’s Potential Climate Change Liabilities
May 29 2007 // Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management...
La. Senate Votes to Abolish Insurance Rating Commission
May 25 2007 // Louisiana should abolish the commission of political appointees that regulates the insurance industry, the state Senate has voted, a move supported by the insurance industry. Senators voted 30-6 to approve a bill by Sen....
Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
Allianz Acquires Russian P/C Insurer
May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...
Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
The Courage to Compete
May 21 2007 // In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG...
News Currents
May 21 2007 // Risk managers report total cost of risk continues downward trend The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the goal to...
Conn. celebrates insurance industry
May 21 2007 // Connecticut’s venerable insurance industry was celebrated at the state Capitol this month, though its lackluster job growth also was noted. “The industry is as significant a part of Connecticut as it has been...
Status quo on Capitol Hill may be best
May 21 2007 // IIABA’s leader Bob Rusbuldt hopes Congress does nothing, except on TRIA Insurance Journal’s Andrew Simpson, at the IIABA’s National Legislative Conference and Convention in Washington, D.C., in April,...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the goal to...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young insurance agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the...
Agents young and old can benefit from bridging the age gap
May 21 2007 // When many young insurance agents first start working in the insurance industry, they believe success is about making money. While they may focus on developing strategies to reach out to clients, they often do so with the...
Bringing competition and choice to Mass. auto
May 21 2007 // The 400 insurers of the American Insurance Association have seen the favorable results for the public as well as insurers when states have worked to increase competition and relax unproductive regulatory restraints. Recent...
NCCI Reiterates “Optimistic but Cautious” Outlook for Workers Comp
May 11 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 NCCI Holdings...
HSBC, Aviva/Norwich Union to Create New UK General Insurer
May 11 2007 // HSBC Bank plc and Norwich Union Insurance, the U.K. operating company of the Aviva Group, announced plans to create a joint-venture general insurance company to underwrite and distribute products to HSBC’s 10.2...
