Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Editor’s Note: Fearless Marketing
Jun 20 2005 // Few professionals understand more than insurance agents how unprepared Americans can be for life’s dangers. A new survey confirms agents’ fears about their own customers. It shows ours to be a nation of...
What is Finite Risk Reinsurance? A Definitive Explanation
Jun 20 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in...
FAIA Celebrates Its 101st Anniversary: General Session Features Four Experts
Jun 20 2005 // The Florida Association of Insurance Agents will celebrate its 101st anniversary during its June 23 to 25 Convention and Educational Symposium at the Gaylord Palms Resort and Convention Center in Orlando, Fla. “I...
Bringing It All Together: Q&A on Microsoft’s ‘experience Insurance’ Initiative
Jun 20 2005 // At last month’s ACORD LOMA Insurance Systems Forum in Lake Buena Vista, Fla., Microsoft announced its new “experience Insurance” Initiative, designed to help insurance companies differentiate their brand,...
Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
Jun 20 2005 // Contingent commissions based on insurer profitability align the interests of independent agents, brokers and the insurer so correct pricing of policies is achieved, thereby alleviating adverse selection, reports a new...
PCI Reports Mixed Emotions on Key Mass. Bills
Jun 14 2005 // The Property Casualty Insurers Association of America (PCI) expressed mixed emotions Tuesday concerning numerous insurance-related bills that were introduced in the Massachusetts Legislature’s Financial Services...
GE Solutions Publishes Study of German Reinsurance Market
Jun 8 2005 // GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary...
Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
Jun 8 2005 // Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, reports a new study by two...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
HAWAII LEGISLATURE TO STUDY NCOIL P/C MODERNIZATION ACT:
Jun 6 2005 // “Hawaii’s legislative decision to conduct a study of the NCOIL Property/Casualty Insurance Modernization Act suggests that the state legislature is committed to making strides toward rate modernization, which...
Killer Tsunamis and the Marine Insurance Market
Jun 6 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
People
Jun 6 2005 // Kirk A. Sexton has been promoted to chief information officer of Unisource Administra-tors Inc., a workers’ compensation third-party administrator providing integrated claim management and loss prevention solutions....
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
KFF: Medical Malpractice Claims Stable; FTCR Reports Time to Focus on Insurers’ Practices
May 31 2005 // The chief argument for legislation to limit the legal rights of patients injured by a physician – that the number of medical malpractice claims and the cost of those claims have been skyrocketing – is a...
N.J. Insurance Fraud Unit Itself Target of Probe Over Employee Payroll
May 31 2005 // New Jersey’s award-winning office created to root out insurance fraud is under scrutiny itself, with the state auditor probing allegations the insurance industry was billed about $4 million for employees who never...
PIA Panelists Discuss Preparing for Hurricane Season
May 26 2005 // Florida’s insurance industry survived last year’s record-breaking hurricane season and is prepared to help homeowners weather what may come this year. That was the message during a recent web broadcast carried...
Best Affirms Aioi ‘A’ Rating
May 25 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Japan’s Aioi Insurance Company Ltd. with a stable outlook. “The rating reflects Aioi’s...
