Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Big ‘I’ Fields Busy Agenda at Annual Meeting in Big Apple
Sep 5 2005 // The Independent Insurance Agents and Brokers of America will convene in New York City this month for their annual national convention, Sept. 10-12. Just as agents and brokers prepare to discuss the challenges of mergers...
SPECIAL REPORT: Back to Earth with Surplus Lines
Sep 5 2005 // NARRATOR: The year is 2010 and Dr. Lois Kwoat, Dr. Heywood Jawrithis and their know-it-all computer companion, Pal 2010, have returned to planet Earth from Recover Space Station a million miles away. They are on a new...
Industry Reaches Out to Lead Hurricane Katrina Recovery Efforts
Sep 2 2005 // Join the Insurance Industry Charitable Foundation (www.iicf.org) and Insurance Journal for a nationwide campaign to raise funds on behalf of the insurance industry in support of Hurricane Katrina relief efforts. President...
Regulators Say Industry Prepared for Katrina’s Cost
Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...
R&M Issues Climate Change Report
Sep 1 2005 // Dublin-based Research and Markets has announced the addition of “Climate Change and the Insurance Industry” to their offering. “The 1st Edition of Climate Change and the Insurance Industry report is a...
Fla. Task Force Begins Talks on How to Solve Hurricane Insurance Crisis
Aug 24 2005 // A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market meets today in Tallahassee to discuss how to help Floridians obtain hurricane insurance, amid complaints that consumers...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // Also, Majority of Weather Losses Tied to Smaller Events, Not Larger Catastrophes The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of...
Response to Market, Choosing a Strategy Critical
Aug 22 2005 // The speed at which insurance providers respond to the market is critical and their timing in choosing a strategy is critically important, Dennis Rowe, Penn National CEO, said during the Alabama Independent Insurance...
Drawert Honored with ICT Award as Insurers Celebrate Improvements
Aug 22 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...
Bare market for residential
Aug 22 2005 // As construction development in the United States reaches an all time peak, with overall spending up 7.5 percent in 2005 compared to 2004, agents and brokers writing contractor business are having a tough time locating...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
S&P Comments on Korean Insurance Industry Transparency Plan
Aug 18 2005 // Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the...
NAMIC Encourages Hawaii Legislative Working Group to Adopt Rate Modernization
Aug 16 2005 // The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passage of rate modernization laws would benefit state commerce and insurance consumers. In written comments filed last...
ITC Golf Tourney Set for Oct. 17
Aug 16 2005 // Insuring the Children has set the date of Oct. 17, 2005 for the Annual Golf Tournament. This year it will be held at the prestigious Santa Ana Country Club. For those golfers who haven’t played this course, this is a...
Citing Anti-Fraud Success, Mass. Auto Insurers Seek Small Rate Cut
Aug 12 2005 // Citing a drop in claims, the Automobile Insurers Bureau of Massachusetts filed its proposal for 2006 personal auto insurance rates with the Commissioner of Insurance Julianne Bowler on behalf of insurance companies. The...
Insurance Industry Share of Weather-Related Losses Rising, with 60% Tied to Small Events
Aug 11 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Allianz Cornhill CEO Warns Industry ‘Cannot Afford to Ignore Climate Change’
Aug 9 2005 // Andrew Torrance, CEO of Allianz Cornhill in the U.K., has explained why companies cannot afford to ignore the effects of climate change. As reported on the Allianz Group Website – www.allianz.com – Torrance...
Society of Insurance Research Agenda: Natural Catastrophes, Legislative, Political Issues
Aug 9 2005 // Insurance implications of natural catastrophes, key legislative and political issues confronting insurers and how emerging technologies will affect the insurance business, will be discussed during Oct. 16 to 19 Society of...
