Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Flying solo now, former Zurich executive ‘gooses ‘ agents
Nov 6 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...
Declarations
Nov 6 2006 // Time for changes “When your CEOs are making $26 billion a year, we need to make some changes.” Ginny Stevans, president of Homeowners Against Citizens, a group protesting Florida’s skyrocketing insurance...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 6 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Insurance credit scoring plagued with fundamental problems
Nov 6 2006 // A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can...
UNDER Construction: The Green Property Insurance Market
Nov 6 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Declarations
Nov 5 2006 // Time for changes “When your CEOs are making $26 billion a year, we need to make some changes.” Ginny Stevans, president of Homeowners Against Citizens, a group protesting Florida’s skyrocketing insurance...
Flying solo now, former Zurich executive ‘gooses ‘ agents
Nov 5 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...
People
Nov 5 2006 // Chris Hughes, with Swingle, Collins & Associates, is the new president of the Independent Insurance Agents of Dallas. Swingle Collins reported that Hughes joins officer ranks with firm president, Frank Swingle, whose...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 5 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
People
Nov 5 2006 // Tom Rodell, resident managing director of Aon Risk Services of San Francisco, was named the 2007 chairman of The Council of Insurance Agents & Brokers. He is the first person to serve twice in the position. He...
Insurance credit scoring plagued with fundamental problems
Nov 5 2006 // A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can...
UNDER CONSTRUCTION
Nov 5 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
XL Conducts U.S. Portion of China Insurance Training Program
Nov 1 2006 // Bermuda-based XL Capital Ltd. has launched the final module of an executive training and development program for China insurance regulators and executives. “The educational initiative, known as the China Insurance...
Best Issues Special Report on Canadian Auto Insurance Industry
Oct 31 2006 // “During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a...
IIAT Survey Finds Texas Coastal Insurance Market Tighter; More Costly
Oct 31 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...
Consumer Group Says P/C Rates Drop ‘Irrespective’ of Tort Reform Enactment
Oct 26 2006 // The latest insurance industry data show continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost...
N.C. Honor Heckle as Agent of Year
Oct 24 2006 // North Carolina independent insurance agents received kudos for leadership, service and dedication at this year’s annual convention. At the Independent Insurance Agents of North Carolina event held Oct. 8-11 in...
Breeding the next generation through internships
Oct 23 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
Flying solo now, former Zurich executive ‘gooses ‘ N.C. agents
Oct 23 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...
Georgia commissioner candidates clash over money, incumbents’ record
Oct 23 2006 // The midterm race for Georgia Insurance Commissioner pits a veteran politician against an attorney in his first foray into politics. Each candidate has an ‘x’ in his three-syllabled surname – but...
