Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
S&P Analyzes Potential Impact of Q3 Hurricanes; Questions Catastrophe Models
Sep 8 2004 // Standard & Poor’s Ratings Services has issued a prelimlinary report on the series of hurricanes, notably Frances and Charley, which have struck the U.S. S&P indicated: “Although it’s still too...
Advocate, MD Insurance of the Southwest Enters Texas Malpractice Insurance Market
Sep 8 2004 // Announcing its entrance into the Texas malpractice insurance market, Advocate, MD Insurance of the Southwest said its improved coverage options and excellent rates are proof that tort reform efforts ushered in last year...
Delaware’s Race for Insurance Commissioner Pits Advocate Denn Vs. Conciliator Ennis
Sep 7 2004 // Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran...
The Race For Delaware Insurance Commissioner: The Advocate Vs. The Conciliator
Sep 7 2004 // INSURANCE JOURNAL PUTS CANDIDATES DENN AND ENNIS ON THE RECORD, ON THE ISSUES September 7, 2004–Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic...
9/11 Impact on Marsh Nothing Short of Devastation
Sep 6 2004 // 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. He recently...
NCOIL Accepts NAIC Changes to Market Conduct Model
Sep 6 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) at its summer meeting in Chicago accepted most...
Texas Insurance Industry Could Face Cash Crunch if Major Hurricane Hit
Sep 1 2004 // The Texas insurance industry could find itself in a cash crunch if a storm like Hurricane Charley hit the coast, and insurers could be forced to pass on the costs to homeowners across the state, industry officials...
New Report on U.K. Insurance Market Issued
Aug 31 2004 // Dublin-based consulting firm Research and Markets (http://www.researchandmarkets.com) announced the addition of a new “Insurance Companies Market Report 2004,” which provides an analysis of U.K. insurance...
NCOIL Accepts NAIC Changes to Market Conduct Model
Aug 23 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) accepted most of the changes to its market...
Lowering the Bar
Aug 23 2004 // The American Association of Trial Lawyers held its annual convention in Boston early last month. Supreme Court Justice Stephen Breyer was among the speakers. The following is an exchange of e-mails between ATLA and yours...
ICT Symposium Focused on Regulation, State of the Market and More
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
NCOIL Accepts NAIC Changes to Market Conduct Model
Aug 23 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) accepted most of the changes to its market...
Changing the Face of California’s Insurance Marketplace
Aug 23 2004 // IBA West’s O’Kane Reflects Back on 22-Year Tenure There are few people in the insurance industry that have truly made an impact on behalf of independent agents and brokers. Jerry O’Kane is one of those...
America’s Trial Lawyers to Insurance Journal: Drop Dead
Aug 23 2004 // The American Association of Trial Lawyers (ATLA) held its annual convention in Boston early this month. Supreme Court Justice Stephen Breyer was among the speakers. The following is an exchange of e-mails between...
Bracing for the Worst: Industry Prepares for Another Wildfire Season
Aug 23 2004 // The fire season started early this year. Wildfires erupted all over California and in Nevada in mid-July, forcing thousands to evacuate and destroying several homes and outbuildings. Affected areas in California included...
‘Round and ‘Round the Cycle Goes, Where it Stops Nobody Knows
Aug 9 2004 // Like the wheels of Lance Armstrong’s bike—a blur of perpetual motion as he powered up mountain after mountain in the Tour de France—the non-stop cycle of the property/casualty insurance market continues on its...
InVEST Awards Scholarship to San Diego Resident
Aug 5 2004 // InVEST, an education program that strengthens the insurance industry by assembling a diverse group of high school and community college students and shaping them into insurance professionals and informed consumers,...
Merin Joins Ebix Board
Jul 29 2004 // Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, announced the appointment of Kenneth Merin, an attorney with approximately 30 years of...
Fitch: Reinsurance Sector Rating Outlook Revised from Negative to Stable
Jul 27 2004 // Fitch Ratings has revised its Rating Outlook for the global reinsurance sector to Stable from Negative. Prior to this change, Fitch had maintained a Negative Rating Outlook on the sector since 2001. Fitch’s revised...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
