Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
PCI: Connecticut Needs to Make Common Sense Reforms to Medical Liability System
Oct 5 2004 // Connecticut urgently needs to make common-sense reforms to its medical liability system in order to preserve patients’ legal rights while protecting affordable patient care and enhancing the stability of the...
I.I.I.’s Stewart to Speak at Industry Charity Events
Oct 5 2004 // Gordon Stewart, president of the Insurance Information Institute will serve as the keynote speaker at the upcoming Insurance Industry Charitable Foundation’s (IICF) Bridge Week Luncheons. His topic, “Us &...
U.K. Insurance and Financial Services Conference Focused on Industry Image
Oct 4 2004 // The U.K.’s annual Insurance and Financial Services Conference, sponsored by the Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA), got underway Wednesday, Sept. 29. The...
R&M Releases International Reinsurance Review
Sep 28 2004 // Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues...
R&M Report Tracks Global Motor Insurance Industry
Sep 27 2004 // Dublin-based Research and Markets announced the addition to their researche offerings of the Motor [Automobile] Insurance: Global Industry Guide . “The Motor Insurance Global Industry Guide is an essential resource...
A Hurricane Season of Discontent; Lessons Learned in 2004
Sep 22 2004 // Prior to 2004, Florida had gone for five years without a significant hurricane. So it is of little surprise that the onslaught of this year’s three major hurricanes has caught all of us in the insurance industry a...
Best Reports P/C Insurers “Post Solid Results;” $9 Billion Profit for 1st Half of 2004
Sep 21 2004 // According to a new special report from A.M. Best Co., the U.S. P/C industry recorded an underwriting profit of nearly $9 billion during the first six months of 2004, a substantial gain from the comparable period of...
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines Industry By End of 2003
Sep 21 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62...
Thermography: Claims Adjudication’s Science of the Future
Sep 20 2004 // Millions of dollars worth of building defect litigation is going on today, and water intrusion, which often causes mold to grow, is one of the major issues. Infrared (IR) thermography, the non-destructive diagnostic...
Insurance Industry Hopes to Extend TRIA in Time for 2005 Policies
Sep 20 2004 // But Not Everyone Thinks Renewing the Federal Backstop is a Good Idea Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a...
Building Relationships Key to Success Says NAPSLO’s Incoming President
Sep 20 2004 // Polizzi Prepares to Take the Reins at Orlando Convention Thirty years ago a small group of surplus lines professionals met in Miami Beach, Fla., to form what would be known today as the National Association of Surplus...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Lexington CEO Talks Shop:
Sep 20 2004 // Kelley Touts Innovation as Core Competitive Advantage Lexington Insurance Co., the excess and surplus line subisidiary of the American International Group, has been the leader in the domestic E&S market for decades...
India – Fascinating, Frustrating and Growing
Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells...
Insurers Hope to Put Off TRIA’s Sunset
Sep 20 2004 // Regardless of whether President George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending...
IICF’s Annual Bridge Week Kicks Off Oct. 9
Sep 20 2004 // “With charity for all, … let us strive on to do all which may achieve and cherish a just and lasting peace among ourselves,” Abraham Lincoln. Does this quote from our 16th president suggest that all...
Oxley Supplies ‘Much-Needed Momentum’ for Terror Insurance Extension in Promising Bill by Sept. 29
Sep 16 2004 // In what the insurance industry reads as good news, the chairman of the House Financial Services Committee is preparing to send to the full committee a bill to extend the life of the Terrorism Risk Insurance Act (TRIA) for...
Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market
Sep 14 2004 // Guy Carpenter & Company, Inc., MMC’s reinsurance brokerage division, announced the release of its annual, comprehensive study of the property catastrophe reinsurance market, “The World Catastrophe...
Best Reports on Bermuda Insurers
Sep 14 2004 // A.M. Best Co. has issued a report on Bermuda’s insurance and reinsurance industry, timed to coincide with the Reinsurance Rendezvous, currently being held in Monte Carlo. Best reported that in the “first six...
9/11 Impact on Marsh & McLennan Cos. Nothing Short of Devastation
Sep 10 2004 // Jeff Greenberg Marsh & McLennan Companies Chairman and CEO Jeff Greenberg remembers all too well those images of Sept. 11, 2001. Greenberg knew something had gone terribly wrong in New York City that Tuesday morning....
