Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
FAIA Studying Windstorm ‘Vehicle’
Sep 19 2005 // The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Editor’s Note: Team America
Sep 19 2005 // Hurricane Katrina is the largest natural disaster to strike this nation in more than a century. As the search for survivors and the delivery of aid continue, the task of understanding the scope of this tragedy has just...
Making the Case for Diversity on the ‘Top Deck’
Sep 19 2005 // The insurance industry has made great strides toward increasing diversity in the past decade. Although there is still room for improvement at the top, there are more doors open to Latins, people of color and women than...
Silly Business Suits Back in Style
Sep 19 2005 // Saying complimentary things about trial attorneys is not exactly the surest way to win friends in the insurance industry. Yet even in the heated debate over tort reform, it should be acceptable to acknowledge when the...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
By Donald J. Hurzeler
Sep 19 2005 // Making the Case for Diversity on the ‘Top Deck’ There is still room and a need at the top for improvement. The top deck-the board of directors and the senior leadership team-that is the level that has not yet...
Indiana Targets Insurance for Economic Development
Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives. Chrysler, an Indiana native and former...
By Donald J. Hurzeler
Sep 19 2005 // Making the Case for Diversity on the ‘Top Deck’ There is still room and a need at the top for improvement. The top deck-the board of directors and the senior leadership team-that is the level that has not yet...
Mutual Trust & Respect Key to the Latino Insurance Market
Sep 19 2005 // In the mainstream population, decisions about which insurance provider or broker to do business with may be influenced by television, radio or the yellow pages phone directory. In the Latino community, people are more...
N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud
Sep 15 2005 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Thursday announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their roles in a bid rigging...
Industry Opens Hurricane Insurance Information Center
Sep 15 2005 // In the aftermath of the Hurricane Katrina, the U.S. insurance industry has established the Hurricane Insurance Information Center (HIIC) in Jackson, Mississippi. Additional centers will be opened in other Gulf Coast...
IICF, Insurance Journal Partner to Help Katrina Victims
Sep 14 2005 // The Insurance Industry Charitable Foundation is partnering with the Insurance Journal to reach out to the insurance community for support and help for the victims and families of Hurricane Katrina. Beginning early last...
Guy Carpenter & Company Releases Study of Property Catastrophe Reinsurance Market
Sep 12 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies has released its annual, comprehensive study of the property catastrophe reinsurance market, The...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
New Report Warns of Rising Threat to Industry from Climate Change
Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...
Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error
Sep 6 2005 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, has released its annual Premium Rating Error report. The report concludes that premium rating errors continue to lower the overall profits of auto...
How Retail Agents Can Develop/Improve Relationships with Wholesalers
Sep 5 2005 // The answer is yes. And now for the question. Did you know that if your application is received by a broker/underwriter, and it is not complete, it goes to the bottom of his/her stack of new business? This is no way for us...
