Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
News Currents
Apr 3 2006 // Joel Ario, Oregon Insurance Administrative News Currents New uniform credit agencies’ scoring system not likely to impact insurers The recent announcement by the three major consumer credit reporting agencies that...
Kristin Wall
Apr 3 2006 // Louisiana Workers’ Compensation Corporation named Kristin Wall, president and chief operating officer, to replace Steve Cavanaugh as chief executive officer. Cavanaugh tendered his resignation at the March 16 Board...
News Currents
Apr 3 2006 // TDI’s Selden explains department’s high tech, high touch approach And tells a good news/bad news story along the way Texas Department of Insurance Senior Associate Commis-sioner for Consumer Affairs Audrey...
Sam Jones
Apr 3 2006 // People Sam Jones, president of property and casualty operations at ABD Insurance and Financial Services, Redwood City, Calif., is retiring from active operating responsibilities to focus more time on his family and the...
News Currents
Apr 3 2006 // Mississippi wind versus flood lawsuit remanded back to state court A Mississippi lawsuit that would force insurance companies to honor their policies and pay for damage caused by storm surge has been remanded back to the...
Closer Look: Insurance Associations
Apr 3 2006 // Editor’s note: This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for...
Measuring Risk: Insurers’ day of reckoning arrives
Apr 3 2006 // “The ultimate objective is for an insurer is to use an ERM framework to better understand and manage the correlation and diversification of risk across the company and uses this information to determine overall risk...
International
Apr 3 2006 // The London insurance market: The City and the regulators For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally....
Barbados Bulletin Boosts Burgeoning Captive Business
Mar 29 2006 // A news release from the Barbados Investment and Development Corporation (BIDC) highlights the island’s growing “reputation with investors as a prime business location,” as indicated by its burgeoning...
Ind. State Trade, Economic Development Organization Work to Enact Legislation
Mar 29 2006 // A joint effort between the Indiana Economic Development Corporation (IEDC) and the Insurance Institute of Indiana has resulted in regulatory relief for commercial insurers in Indiana. Insurance companies providing...
Racicot Comments: Miss. Lawsuit Overshadows Katrina Recovery
Mar 28 2006 // The unprecedented devastation along the Mississippi Gulf Coast wrought by Hurricane Katrina has prompted an outpouring of public and private resources to communities and individuals who have lost everything, Governor Marc...
R&M Issues Irish Insurance Report
Mar 24 2006 // Research and Markets has announced the addition of Irish IT Trends – Insurance Industry to their offering. The bulletin notes: “The insurance sector in Ireland is one sector heavily dependent on IT...
McQueary Henry Bowles Troy Partner Receives Excellence Awards
Mar 22 2006 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P., based in Dallas, announced that Patrick Arthur, partner, recently received two prestigious awards: MHBT 2005 Producer of the Year for...
Wind vs. flood Katrina lawsuit sent back to state court
Mar 20 2006 // The Mississippi lawsuit to force insurance companies to pay for damage caused by storm surge has been remanded back to the state’s Chancery Court of Hinds County. Since the state is seeking injunctive relief, the...
Multi-state class actions could infringe on state regulators
Mar 20 2006 // Allstate Insurance Co., the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined forces requesting a review of a Court of Appeals decision involving a...
Legislators hear insurance industry’s resounding voice after the storm
Mar 20 2006 // Sound, up-to-date and successful building codes are essential for construction, but codes must also be enforced and continuously updated to effectively contribute to disaster mitigation, said Leonard C. Brevik, National...
SPECIAL REPORT: Surplus Lines
Mar 19 2006 // With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry...
XL Re Life Enters the U.S. Life Reinsurance Market
Mar 17 2006 // XL Re Life has acquired Servus Life Insurance Company, expanding its U.S. life reinsurance market. Servus Life will be renamed XL Re Life America Inc. following state regulatory approvals. XL Re Life America Inc. will...
Insurance Educational Association Forecasts the Future
Mar 17 2006 // The Insurance Educational Association and Chartered Property Casualty Underwriters Society’s (CPCU) Mt. Diablo chapter will be hosting its 7th Annual Educational Forum, “Forecasting the Future,” on...
Best Affirms FSR of Hang Seng Insurance Co. Ltd.; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and assigned an issuer credit rating of “aa-” to Hang Seng Insurance Company Limited (Hang Seng Insurance) (Hong Kong). The outlook for...
