Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
Minn. ‘Good Faith’ Insurance Bill Spurs Fight at Capitol
May 2 2007 // A bruising battle between insurance companies and trial lawyers in Minnesota over a one-page bill that would expand the rights of people to sue insurers continues to provoke heated debates. The legislation would make...
Bush administration rejects pleas for federal disaster plan
Apr 23 2007 // Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this month in Washington for a national catastrophe fund to help stabilize an insurance industry that some say has gone...
People
Apr 23 2007 // Dallas-based global insurance and reinsurance broker, Colemont, added Catherine L. Wall as assistant vice president and associate legal counsel. In this newly created role, Wall will assist in overseeing the...
Ark. commissioner: Regulators have dual role
Apr 23 2007 // Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual...
Consumer groups say market forces, not claims, caused re-cent medical malpractice crisis
Apr 23 2007 // A consumer coalition released a report that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs. The study, Stable Losses/Unstable Rates...
Declarations
Apr 23 2007 // Declarations Policy talk “The law holds insurance agents to accurately representing policy provisions and honestly answering consumer questions. Agents who are not trained to act with complete honesty and integrity...
Disruptive Forces in the Insurance Industry: Constructive or chaotic?
Apr 23 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...
Bush administration rejects pleas for federal disaster plan
Apr 23 2007 // Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this month in Washington for a national catastrophe fund to help stabilize an insurance industry that some say has gone...
Aviva Targets Russian Expansion
Apr 20 2007 // The UK-based Aviva Group has announced expansion plans for the Russian market, aimed at achieving “a top five position within five years.” A year ago it launched Aviva Russia, which the bulletin indicated,...
