Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
N.J. Commissioner: Auto Insurance Market Recovering; Drivers Reap Benefits
Jun 28 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke predicted recently that positive financial results for a majority of companies in the auto insurance marketplace will continue to produce returns for New Jersey...
Conn. Gov. Signs Insurance Bills Before Exiting
Jun 22 2004 // Although Connecticut Gov. John G. Rowland vetoed a medical malpractice insurance reform bill last month because it failed to cap awards, he has signed into law a number of bills that are of importance to the...
Association Awards Golden Torch to IJ’s Publisher
Jun 22 2004 // 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 Torch Award...
Association Awards Golden Torch to Insurance Journal’s Publisher
Jun 22 2004 // 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 Torch Award....
The Truth About Texas’ Homeowners Insurance Industry
Jun 21 2004 // Due to recent reforms the Texas insurance market is stabilizing and loss ratios in Texas are better. But while things are better, conditions are far from first-rate for insurance companies. There have been no real signs of...
Best’s Report Finds European Reinsurers’ Financial Strength Stabilized
Jun 18 2004 // A study conducted by A.M. Best Co. has concluded that Europe’s reinsurers have seen their financial strength stabilize after a two-year period of downward pressure. “Strong accident year results were maintained...
SECURA: Looking to Sustain Hard-Market Success
Jun 18 2004 // The CEO of Appleton, Wis.-based SECURA Insurance Cos., John Bykowski, took some time recently to talk with IJ during the Independent Insurance Agents of Wisconsin’s annual convention. SECURA has total assets of $406...
R.I. Senate Backs Regional Health Plan
Jun 17 2004 // The Rhode Island Senate has approved legislation introduced by Sen. James C. Sheehan (D-Dist. 36) of Narragansett and North Kingstown to integrate Rhode Island’s insurance rules and regulations with those of...
NAMIC Urges Regulators to Reform Personal Lines
Jun 17 2004 // The top state government affairs official for the National Association of Mutual Insurance Companies encouraged insurance regulators to exert leadership in their states to achieve personal lines rate modernization as the...
Fifth Annual Educational Forum Benefits Community Children
Jun 15 2004 // The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Foundation – Child Abuse Prevention Program (IICF-CAPP) recently wrapped up their Fifth Annual Educational Forum for the insurance industry. The Forum...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
Industry Coalition Praises Regulators’ Resolution to Support Terrorism Act Extension
Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...
Condo Associations Join Call for TRIA Renewal
Jun 11 2004 // A national organization representing 250,000 community and condominium associations is urging the U.S. Department of Treasury to extend and expand provisions of a law that enable community associations to obtain reasonably...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
Insurance Industry Charity Gala Makes a Difference
Jun 7 2004 // The Insurance Industry Charitable Foundation (IICF) held its annual benefit gala on May 7, 2004, at the Asian Art Museum in San Francisco. The gala hosted nearly 400 insurance industry representatives for an elegant...
Garamendi’s Homeowners’ Bill of Rights Moves Ahead
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
PCI Says Recent Midwest Floods Show Need to Reauthorize NFIP
May 28 2004 // The Property Casualty Insurers Association of America has issued a bulletin pointing to a weekend of destructive storms in the Midwest, as proof of the “need for an immediate reauthorization of the National Flood...
ABD Announces Enhancements to CyberSure(R) Client Service Portal
May 25 2004 // Redwood City, Calif.-based ABD Insurance & Financial Services, a provider of global risk management and employee benefits solutions, has announced significant enhancements to its online customer service center,...
Levene Defends Need for ‘Strong Balance Sheets’
May 20 2004 // Lloyd’s Chairman, Lord Peter Levene, told Canadian business leaders in a speech at the Empire Club in Toronto, that, although customers often complained when they saw insurers making a profit, the industry needs...
LWCC Pays $10 Million Dividend
May 20 2004 // The Louisiana Workers’ Compensation Corporation (LWCC) announced the distribution of its first-ever dividend, returning $10 million to over 21,000 qualifying Louisiana policyholders. This was a goal of the Board of...
