Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Congress Passes TRIA Renewal; Legislation Sent to President’s Desk
Dec 18 2005 // Congress approved the Terrorism Risk Insurance Revision Act of 2005 late last week after reconciling differing versions passed in both the House and the Senate. The legislation now moves to the President’s desk for...
Meeting Today’s Challenges and Preparing for Tomorrow’s
Dec 18 2005 // Several pressing public policy issues remain to be debated in the Gulf region and across the country. At the forefront is the question of how we, as a nation, will finance losses from future mega- catastrophes. Weather...
Meeting Today’s Challenges and Preparing for Tomorrow’s
Dec 18 2005 // Weather forecasters predicted that the 2005 hurricane season could be more active than normal, but no one thought it would produce 26 named storms and the most destructive storm on record-Hurricane Katrina. Katrina tested...
By Dave Thomas
Dec 18 2005 // Residents in many areas of the Gulf Coast watched their lives change forever on Aug. 29, 2005. When all was said and done, Hurricane Katrina went in the record books as the country’s worst natural disaster, leaving a...
Calif. Governor Picks Insurance Industry Lobbyist for Deputy Chief of Staff
Dec 15 2005 // California Governor Arnold Schwarzenegger has chosen an insurance industry lobbyist to be his deputy chief of staff and senior advisor for policy development, a new position.Starting at the new year, Dan Dunmoyer will...
Katrina & Rita Opened a “Pandora’s Box” for P/C Industry, Says S&P
Dec 15 2005 // A new report from Standard & Poor’s notes that “Hurricane Katrina, followed closely on its heels by Hurricane Rita, wound up revealing the flaws in many insurance-industry assumptions.” The article,...
Hurricane Katrina: The Long Road to Recovery <em>An Insurance Journal Exclusive Video Report from the Gulf States</em>
Dec 14 2005 // With Gulf Coast residents and the insurance industry trying to recover from the country’s worst natural disaster ever, two Insurance Journal reporters set out to see for themselves the effects of Hurricane...
Fitch Reviews U.S. Insurance Industry in 2005; Looks Ahead to 2006
Dec 8 2005 // The U.S. property/casualty insurance industry encountered deja vu in this past year, reported Fitch Ratings in its annual 2005 Review and 2006 Outlook for the U.S. insurance industry. The ratings agency says 2005 mirrored...
New Report Outlines Answers for Challenges in Atlantic Provinces
Dec 7 2005 // The Atlantic Task Force on Insurance Availability and Affordability released its final report at a media conference recently in Halifax, Canada. The report, which makes a number of concrete recommendations intended to help...
Insurance Industry Ranks Safest Cars
Dec 5 2005 // Ten 2006 passenger cars won praise from the insurance industry for offering top-of-the-line protection to passengers in front, side and rear crashes. The Insurance Institute for Highway Safety announced a new designation,...
Mississippi Insurance Commissioner George Dale Serving Eighth Term
Dec 5 2005 // In public and in an interview with Insurance Journal, Misissippi Insurance Commis-sioner George Dale comes across as a laid-back Mississippi farm-boy, but the commissioner, who has been reelected for eight terms, has...
Promoting the Industry to Students
Dec 5 2005 // At several recent conferences speakers emphasized low employment rates are having a detrimental effect on their efforts to find qualified employees to work in the insurance industry. Efforts to find new employees are a...
Agency Consolidation Dynamics are Ripe for the Picking
Dec 4 2005 // The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the average size of distributors, the scope...
Mississippi Insurance Commissioner George Dale Serving Eighth Term; Hurricane Katrina Wasn’t Much, Compared to the After
Dec 4 2005 // In public and in an interview with Insurance Journal, Misissippi Insurance Commis-sioner George Dale comes across as a laid-back Mississippi farm-boy, but the commissioner, who has been reelected for eight terms, has...
Conning Research: Convergence Products Redefine P/C Insurance/Reinsurance
Nov 29 2005 // “Convergence products” will play a critical part in the competitive landscape of the property-casualty industry in coming years despite being a relatively small segment, according to a new study by Conning...
BALL STATE TARGETS MORE INSURANCE JOBS:
Nov 21 2005 // Indiana’s plan to market itself as an insurance hub is getting help from the faculty at the Center for Actuarial Science, Insurance and Risk Management at Ball State University in Muncie. Steve Avila, the...
Competition Increases in Commercial Auto, But Not Too Much–Yet
Nov 21 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
Perception or Reality?
Nov 21 2005 // An interesting news release recently slipped into my e-mail box; it concerned the public’s perception of the insurance industry in the wake of Hurricane Katrina. The market research company, Ipsos Public Affairs, was...
Push or Pull?
Nov 21 2005 // Is the image of the insurance industry forever tainted in the public’s eyes? Ipsos Public Affairs, a market research company, recently conducted an online survey of the public’s perception of the insurance...
MONTANA AUDITOR ADDS TWO COMPANIES IN CAPTIVE INSURANCE MARKET
Nov 21 2005 // Montana State Auditor John Morrison approved two new Montana companies that can provide insurance in the captive insurance market. The State Insurance Depart-ment has licensed MHA Worker’s Compen-sation Reciprocal...
