Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Top 10 Stories of the Year – Southeast
Dec 24 2006 // While Mother Nature was nicer to the Southeast and the insurance industry in 2006 than she was in 2005, her potential for destruction was never far from the minds of those living and rebuilding in the Southeast. Insurance...
Willis Review Finds Energy Insurance Buyers Seek Alternatives
Dec 19 2006 // Willis Group Holdings recently released Energy Market Review has concluded that, following “one of the most benign years on record in terms of energy losses, the end of 2006 shows signs of changing priorities within...
Max Re to Establish US E&S Unit
Dec 15 2006 // Bermuda-based Max Re Capital Ltd. announced plans to establish a U.S.-based excess and surplus lines platform. The new entity will “will complement the company’s existing insurance and reinsurance operations...
Study Shows Iowa with Significant Insurance Industry Job Growth
Dec 12 2006 // A recent 48-page study by the Connecticut Economic Resource Center Inc. said that Iowa now surpasses Connecticut for insurance company job growth. From 1995 to 2005, insurance jobs in insurance companies in Connecticut...
Report Details How Conn. Economy Still Depends Upon Insurance Sector
Dec 11 2006 // Connecticut remains dependent upon the insurance sector for many of its jobs and much of its economic growth, a new report by an industry coalition confirms. The state has triple the U.S. average of insurance carrier jobs...
Can the stand-alone market withstand TRIA ending?
Dec 11 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent...
Private equity market bullish on E&S brokers
Dec 11 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
Private equity market bullish on E&S brokers
Dec 10 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
Can the stand-alone market withstand TRIA ending?
Dec 10 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent...
More Punch for Programs
Dec 10 2006 // Today’s managing general agencies and carrier partners in the specialty program marketplace are enjoying profitable times while looking over their shoulders at new carriers and agents eager to enter the ring,...
Swiss Re’s Economic Forum Focuses on Emerging Markets, Industry Outlook
Dec 6 2006 // Swiss Re’s recent Economic Forum noted the strong opportunities for insurance protection in emerging markets and a solid outlook for the insurance industry in 2007. The Forum, which began in London on Dec. 5,...
Florida Calls Special Session on Insurance Issues for Jan. 16
Nov 29 2006 // Florida state officials will begin efforts to reshape the state’s property and casualty insurance market with a special legislative session on Jan. 16, 2007. Governor-elect Charlie Crist, Senate President Ken Pruitt...
Miss. Governor Seeks Federal Aid for State’s Wind Pool
Nov 22 2006 // As soaring insurance rates stifle Hurricane Katrina recovery, Mississippi Gov. Haley Barbour is trying to finagle a second federal bailout of the state’s “wind pool” insurance program while coast business...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
News Currents
Nov 20 2006 // Newly elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although it’s to early to know who the successors might be, according to insurance...
Election results give Northeast more clout on insurance issues
Nov 20 2006 // After the midterm elections, Northeast Democrats are moving into positions of power that could help their states economically as well as affect progress on insurance legislation. Democrats are now well-positioned to bring...
Flying solo now, former Zurich exec ‘gooses’ agents
Nov 20 2006 // A retired insurance industry executive turned turbo-charged motivational speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
