Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Large Property Insurance Market Remains Unsettled, Wholesaler Reports
Apr 6 2007 // Even a year of profitability has not settled the large property insurance market for buyers, especially for catastrophic coverage near coastlines and in earthquake zones, finds a new research report from New Jersey...
Lloyd’s 360 Report Examines Potential Effects of ‘Rapid Climate Change’
Apr 6 2007 // Lloyd’s third “360 report” does for the insurance industry what the IPCC report, see previous article, does for the whole world. It focuses attention on global warming/climate change in a way that cannot...
Insurance Industry Charitable Foundation Hosts 14th Annual Gala
Apr 2 2007 // The Insurance Industry Charitable Foundation will host its 14th Annual Gala on May 12, 2007, at the Ritz Carlton in San Francisco, to benefit charitable causes in California. Steve Poizner, California Insurance...
Consumer Groups Say Market Forces, Not Claims, Caused Med Mal Crisis
Mar 29 2007 // A consumer coalition has released a new study that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs. The study, Stable Losses/Unstable...
Let Private Markets Handle Most Disasters, Insurers Advise Congress
Mar 28 2007 // The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case of a megadisaster, when federal aid would be needed. That was...
Insurance Marketing Group Opens New Regional Office in Ind.
Mar 27 2007 // BHC Marketing, an independent national insurance marketing organization, has announced that it will establish a new Midwest regional office in Carmel, Ind. The office will create 20 jobs in Central Indiana. BHC Marketing,...
People
Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...
Neb. Director Says Industry is “Poster Child” on Global Warming
Mar 21 2007 // Insurance Commissioner L. Tim Wagner has spent close to 40 years in the insurance industry, the last nine as the appointed Nebraska regulator. He takes his role seriously and believes the insurance industry has a real...
Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...
Dodd Blasts Insurance Industry Response to Hurricanes
Mar 12 2007 // U.S. Sen. Chris Dodd, a Democratic presidential hopeful, said he’s angry with the insurance industry’s response to the 2005 Gulf Coast hurricanes and said Mar. 9 he will hold senate committee hearings on...
La. Isn’t the Only Coastal State With Insurance Troubles
Mar 12 2007 // Eighteen months after the hurricanes, “crisis” is the term everyone uses to describe Louisiana’s insurance problems. The governor spends much of her time begging insurance companies to continue doing...
Tim Wagner, Nebraska, Director of Insurance
Mar 12 2007 // Director of Insurance L. Tim Wagner has spent close to 40 years in the insurance industry, the last nine as the appointed Nebraska regulator. He takes his role seriously and believes the insurance industry has a real...
Calif. Commissioner Appoints Executive Team
Mar 1 2007 // California Insurance Commissioner Steve Poizner has named his 14-member executive team at the Department of Insurance. Earlier in February, Poizner was criticized for naming insurance industry representative, Bill...
Industry: Federal Terrorism Insurance Still Vital to National Security
Feb 28 2007 // Insurance industry advocates urged Congress today to ensure the availability of terrorism risk insurance through a continued federal government role and to examine long-term solutions before the current backstop...
New Mass. Commissioner Burnes accustomed to being the judge
Feb 26 2007 // Superior Court Justice Burnes is well aware that politics comes into play in Bay State insurance regulation The new insurance commissioner for Massachusetts thinks her years of experience in a judge’s robe will serve...
Declarations
Feb 26 2007 // Antitrust laws “Federal oversight would provide confidence that the industry is not engaging in the most egregious forms of anticompetitive conduct — price fixing, agreements not to pay, and market allocations...
La.’s Blanco: Insurance industry over-reacting to 2005 hurricanes
Feb 26 2007 // The insurance industry is over-reacting to Hurricanes Katrina and Rita, threatening the region’s recovery by withdrawing coverage and charging exorbitant rates, Gov. Kathleen Blanco told a gathering of insurance...
The Commissioners: George Dale
Feb 26 2007 // Battered but not beaten, Mississippi focuses on helping people A former high school principal, George Dale is now the longest serving state insurance commissioner in the nation. He has been elected by the people of...
Corporate governance, capital drive D&O liability prices down
Feb 26 2007 // Changing corporate governance practices and excess capital in the insurance market have made directors’ and officers’ liability premiums drop in recent years, and rate level erosion in almost every line of...
Industry leaders debate federal versus state regulation with Democratic Congress shift
Feb 26 2007 // Could federal regulation of the insurance industry become a reality, now that Democrats control both the House and Senate in Congress?And are consumers and the insurance industry ready for such a scenario? Other financial...
