Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
INSURANCE INDUSTRY CHARITABLE FOUNDATION HOSTS CLUB 100 DINNER
Feb 26 2007 // The Insurance Industry Charitable Foundation announced it will be hosting its third annual Club100 Dinner on Thursday, March 8, 2007, at the Getty Center Restaurant in Los Angeles. Attendees will enjoy networking...
Congress gets bipartisan bills to repeal insurance antitrust immunity
Feb 26 2007 // Sen. Patrick Leahy, D-Vt., chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders earlier this month to introduce a bipartisan bill that would strip the insurance industry of its limited...
Declarations
Feb 25 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...
George Dale, Mississippi, Commissioner of Insurance
Feb 25 2007 // 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 Mississippi since 1975 and recently announced he would run for...
People
Feb 25 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
Industry leaders debate federal versus state regulation with Democratic Congress shift
Feb 25 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...
Corporate governance, capital drive D&O liability prices down
Feb 25 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...
Insurance Industry Charitable Foundation hosts Club100 dinner
Feb 25 2007 // The Insurance Industry Charitable Foundation announced it will be hosting its third annual Club100 Dinner on Thursday, March 8, 2007, at the Getty Center Restaurant in Los Angeles. Attendees will enjoy networking...
Congress gets bipartisan bills to repeal insurance antitrust immunity
Feb 25 2007 // News Currents Sen. Patrick Leahy, D-Vt., chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders earlier this month to introduce a bipartisan bill that would strip the insurance industry...
Former N.Y. Supt. Mills: State Regulation Has Holes to be Filled
Feb 15 2007 // Looking back on his two-year tenure, former New York Superintendent of Insurance Howard Mills says state regulation could stand some improvement. According to the former Empire State insurance chief, the state regulatory...
Miss. Commissioner, AG Upset Over State Farm Cutback
Feb 15 2007 // Mississippi officials are concerned about the effect State Farm’s decision to curtail its insurance writings will have on rebuilding efforts and remaining insurance markets. State Farm, Mississippi’s largest...
La.’s Blanco: Insurance Industry Over-Reacting to 2005 Hurricanes
Feb 15 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...
Surplus Lines and Reinsurance Reform Legislation Reintroduced in Congress
Feb 15 2007 // Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis...
Senate, House Get Bipartisan Bills to Repeal Insurance Antitrust Immunity
Feb 15 2007 // Senator Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders this week to introduce a bipartisan bill that would strip the insurance industry of its limited...
Insurance Industry Charitable Foundation Hosts Club100 Dinner
Feb 13 2007 // The Insurance Industry Charitable Foundation announced it will be hosting its third annual Club100 Dinner on Thursday, March 8, 2007, at the Getty Center Restaurant in Los Angeles. Attendees will enjoy networking...
Willis Taps into Supercomputer to Analyze Climate Change, Nat Cats
Feb 13 2007 // The Willis Research Network (WRN) “has joined forces with internationally renowned universities to harness the immense power of the NEC Earth Simulator in Yokohama, Japan to help insurers understand the frequency and...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 12 2007 // Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the...
Calif. commissioner to examine broker disclosure, workers’ comp issues
Feb 12 2007 // California Insurance Commissioner Steve Poizner may have three major priorities for his office — to make his office non-partisan, to fight insurance fraud and to prepare the state for the next major disaster —...
One-on-one interviews with 15 insurance regulators
Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...
