Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
IHI Insurance Services, Cal State Fullerton Develop Claims Examiner Education Program
Jul 27 2004 // In an effort to curb an impending crisis, the University Extended Education department at Cal State Fullerton announced that it has started accepting registrations for the Fall 2004 semester for the State University...
America’s Trial Lawyers to Insurance Journal: Drop Dead
Jul 26 2004 // The American Association of Trial Lawyers held its annual convention in Boston early this month. Supreme Court Justice Stephen Breyer was among the speakers. The following is an exchange of emails between ATLA’s...
Florida Senator Bill Nelson Continues to Fly New Missions
Jul 19 2004 // Flying New Missions Bill Nelson As his bio notes, as a child Florida Senator Bill Nelson never imagined that one day he would both catapult into space from a NASA launch site just miles from his grandfather’s...
Lowering the Bar
Jul 19 2004 // The American Association of Trial Lawyers 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 ATLA and yours...
Will Senator Edwards Be on Trial’
Jul 19 2004 // In making his choice in a running mate earlier this month, Massachusetts Senator and Democratic presidential candidate John Kerry has gone for a man who is no stranger to the courtrooms. North Carolina Senator John Edwards...
China Wakes Up as the World Watches
Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...
NCOIL Task Force Backs TRIA Extension; Market Conduct Model Next on Agenda
Jul 16 2004 // CHICAGO―A National Conference of Insurance Legislators’ (NCOIL) task force unanimously approved a resolution to extend the Terrorism Risk Insurance Act (TRIA) “for a sufficient period of time to permit...
Acadia President Receives ICT’s Raymond Mauk Award
Jul 16 2004 // The Insurance Council of Texas (ICT) presented Bill Thornton, president of Acadia Insurance Company in Westbrook, Maine, with the Raymond Mauk Leadership Award at the ICT’s 12th Annual Mid-Year Property and Casualty...
Former Industry Executive to Lead Ky. Office of Insurance
Jul 15 2004 // Martin Koetters of Louisville, a former insurance industry executive with 34 years of experience in the field, has been named executive director of the Kentucky Office of Insurance. Koetters held several insurance...
RIMS: Soft Market Takes Hold as Commercial Premiums Decline 15%
Jul 15 2004 // In the continuing march toward a soft market, most commercial insurance buyers renewed their policies at the same or lower premiums last quarter, according to a survey of corporate risk managers. Data from the survey shows...
Plan to Boost Foreign Investments in India’s Insurance Industry Comes Under Fire
Jul 13 2004 // The new Congress-led government in New Delhi faces a tough test ahead as a key Communist Party ally has come out against its proposal to raise the cap on foreign investment in India’s telecommunications, aviation and...
Consumer Group Claims NAMIC Study on Credit Scoring ‘Flip-Flops’ Earlier Positions
Jul 9 2004 // The consumer group, Center for Economic Justice (CEJ), released a statement in response to a National Association of Mutual Insurance Companies (NAMIC) study on credit scoring. CEJ’s Executive Director Birny Birnbaum...
ACE Global Re Expands Finite Risk Reinsurance Market
Jul 9 2004 // ACE Global Re, the reinsurance division of the Bermuda-based ACE Group of Companies, announced that it is expanding its reinsurance capabilities in the finite risk reinsurance market. “Both prospective and...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Industry At ‘Point Of Inflection,’ Says Standard & Poor’s
Jul 5 2004 // The insurance industry, now teeter-tottering between a hard and a soft market, “has reached a point of inflection,” said Robert Partridge, Standard & Poor’s managing director, at S&P’s...
Association Awards Golden Torch to Insurance Journal Publisher Wells
Jul 5 2004 // Mark Wells Mark Wells, editor and publisher of Insurance Journal and Insurance Journal.com and chief executive officer of Wells Publishing Inc., has been awarded the Insurance Marketing Communications Association’s...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
Swiss Re Economists See Prolonged Hard Market
Jul 5 2004 // Swiss Re’s chief economist believes that strong economic growth, coupled with a slight uptick in inflation, will force the Federal Reserve to raise the federal funds rate to close to 2 percent by the end of...
Association Awards Golden Torch to Insurance Journal’s Publisher
Jul 5 2004 // Mark Wells Mark Wells, editor and publisher of Insurance Journal and InsuranceJournal.com and CEO of Wells Publishing Inc., has been awarded the Insurance Marketing Communications Association’s (IMCA) 2004 Golden...
Sarbanes-Oxley ‘Stifles Competition,’ Says MetLife CEO
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
