Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Colo. Ends Legislative Session; Positive for Insurance Industry
May 11 2007 // The Colorado Legislature wrapped up its regular session on May 4, with fairly positive results for the insurance industry and consumers. The auto insurance system will remain a tort system, instead of reverting back to a...
Thinking outside of the box
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
Insurance industry in Louisiana’s legislative ‘crosshairs’
May 7 2007 // This session will be tough, next one even worse, lobbyist says Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which began April 30, is certain to have plenty of impact on the insurance...
Disruptive forces in the insurance industry: Constructive or chaotic?
May 7 2007 // Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the...
Catching up on climate change
May 7 2007 // What insurers in U.S. and worldwide are doing to address the effects of climate change Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate...
Key subcommittee chairman favors six to eight-year terrorism insurance extension
May 7 2007 // Insurance industry pushes for longer period with some in favor of 20 years or more In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension of the Terrorism Risk Insurance Act...
Another report details property/casualty insurers’ 2006 profitability, escape from storms
May 7 2007 // Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in...
Thinking outside of the box
May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...
Fortified building standards: Gulf Coast market salvation?
May 7 2007 // Concrete houses sprouting up in southern Alabama, Mississippi and elsewhere in the Gulf Coast region are more than just fortified structures that will protect their owners from up to 250 mph winds and 36 foot storm surges...
People
May 7 2007 // Oklahoma City, Okla.-based BMSI Holdings, the holding company for BancInsure Inc., announced a number of promotions and appointments. Rodney N. Sargent was appointed president of BMSI Holdings and chief executive officer...
Insurance industry in Louisiana’s legislative ‘crosshairs’
May 7 2007 // Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which began April 30, is certain to have plenty of impact on the insurance industry, according to one industry lobbyist. And it’s not...
People
May 7 2007 // Doug Eden joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla. Eden...
Disruptive forces in the insurance industry: Constructive or chaotic?
May 7 2007 // Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the...
Weather Report
May 7 2007 // Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the...
News Currents
May 7 2007 // Key subcommittee chairman favors six to eight-year terrorism insurance extension Insurance industry pushes for longer period with some in favor of 20 years or more In his opening statement as chair of a U.S. House of...
Catching up on climate change
May 7 2007 // Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on the insurance industry. Even so, most insurers have just begun...
News Currents
May 7 2007 // Another report details property/casualty insurers’ 2006 profitability, escape from storms Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance...
Conn. Cheers Insurance Industry Even As It Recognizes Growth Challenge
May 4 2007 // Connecticut’s venerable insurance industry was celebrated at the state Capitol this week, though its lackluster job growth also was noted. “The industry is as significant a part of Connecticut as it has been in...
A CAPITAL PAIR: MYSTIC CAPITAL AND HARBOR CAPITAL ENTER EXCLUSIVE ARRANGEMENT
May 3 2007 // NEW YORK – Mystic Capital Advisors Group, LLC – a leading financial consulting firm – announced today an exclusive association with Harbor Capital Advisors, Inc, a nationally recognized investment banking...
Total Cost of Risk Continues Downward Trend, RIMS Survey Finds
May 2 2007 // The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and...
