Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How Democratic Congress might approach federal insurance regulation
Jan 28 2007 // News Currents The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS...
People
Jan 28 2007 // Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities...
There’s lot insurers do not like in Florida’s property insurance fix
Jan 28 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Swiss Re Backs Independent European Agency to Assess Nat Cat Risks
Jan 23 2007 // Swiss Re has issued a “focused report,” which assess the growth of the catastrophe bond market and calls for the establishment of an independent agency to “aggregate European claims data and provide the...
Vermont Captive Insurance Industry Continues to Expand
Jan 23 2007 // “Steady and sustained growth,” is how Vermont officials described 2006’s final tally for captive insurance as 37 new captive insurance entities were licensed. New to the nation’s largest captive...
Insurer Trade Group Launches Global Warming Web Site
Jan 18 2007 // The National Association of Mutual Insurance Companies (NAMIC) has unveiled a new website, www.climateandinsurance.org , to help address the increasing concerns about climate change and its impact on the property/casualty...
Industry Charity Names Nazeri as N.Y. Division Leader
Jan 17 2007 // The Insurance Industry Charitable Foundation has named Haleh Nazeri as executive director of its newly launched New York Division. Nazeri is the first executive director of the New York Division. In this full-time position...
Fla. Officials Get to Work as Special Insurance Session Opens
Jan 17 2007 // In the hours leading up to the opening of a special legislative session in Tallahassee aimed at slowing Florida’s rising insurance costs, lobbyists, elected officials and citizens weighed in on ways to resolve the...
Wanna Get Away? See the USA? Insurance Journal Tracks ’07 Meetings
Jan 16 2007 // Looking to rub elbows with industry leaders? Maurice “Hank” Greenberg will be in Atlanta and Lord Peter Levene of Lloyd’s will be in Singapore. Feel like networking among the stars? Fox News commentator...
Casino Magnate Wynn Pokes Lloyd’s Over Damaged Picasso Offer
Jan 15 2007 // The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd’s of London has offered to settle his $54 million claim of lost value, but the talks aren’t going the way he’d...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
California Community Colleges Offer Entry-Level Insurance Classes
Jan 11 2007 // The California Insurance Careers Program and the state’s community college system are offering insurance classes online and on select college campuses. Classes are being geared to prospective or current entry level...
California Community Colleges Offer Entry-Level Insurance Classes
Jan 10 2007 // Employers help staff gain college credit with valuable insurance classes. San Francisco, CA — The California Insurance Careers Program and the state’s community college system are offering insurance employers a...
Miss. Jury Hears Opening Statements in Katrina Suit Against State Farm
Jan 10 2007 // Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits...
Former N.Y. Insurance Chief Mills Joins Deloitte & Touche
Jan 10 2007 // Deloitte & Touche USA LLP’s insurance industry group reported that Howard Mills, who served as superintendent of the New York State Insurance Department from 2004 to 2006, has joined the organization as chief...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
People
Jan 7 2007 // Zurich Financial Services Group has appointed Maine Insurance Superintendent Alessandro A. Iuppa as head of Government and Industry Affairs for General Insurance, and as chief government affairs officer, North America....
St. Paul Travelers Agrees to Halt All Contingent Commissions
Jan 4 2007 // The St. Paul Travelers insurance company has agreed to stop paying “contingent commissions” to brokers and agents, according to Connecticut Attorney General Richard Blumenthal. In August, St. Paul Travelers,...
Absence of Hurricane Losses Proves Beneficial to Insurers’ Bottomline
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...
