Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Mar 8 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to...
A LANDMARK OPPORTUNITY:
Mar 8 2004 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) has launched its nation-wide campaign to attract insurers to Louisiana, kicking it off with the distribution of “Louisiana: A Landmark...
PCI, AIA Oppose Mass. Bill Requiring Insurers to Report to Tax Authorities
Mar 4 2004 // The Property Casualty Insurers Association of America and the American Insurance Association have both gone on record as opposed to a bill being considered by the Joint Committee on Taxation that places insurers in the...
Showcase Awards Seek the Insurance Industry’s Best Marketing Communications Work
Mar 4 2004 // The competition for the most prestigious awards given to insurance marketing communications professionals kicks off today with a worldwide call for entries for the annual Showcase™ Awards, presented by the Insurance...
N.J. Auto Reforms Continue Drive Forward
Mar 3 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke announced this week that the competitive auto insurance marketplace that is emerging in New Jersey reportedly as a result of Governor McGreevey’s reforms is...
PWC Survey Finds Challenges with Insurer Enterprise Risk Management Implementation
Mar 3 2004 // A new study by PricewaterhouseCoopers has confirmed that enterprise risk management (ERM) is on the boardroom agenda as a key driver for a competitive edge in the insurance industry, but some leading insurers need to close...
Arkansas’ Pickens Recommends CSLN
Mar 2 2004 // Arkansas Insurance Commissioner Mike Pickens issued a recommendation to all licensed property/casualty insurance companies, the National Association of Insurance Commissioners, trade associations and other interested...
Diversified Product Inspections Inc. Produces 17 Subrogation Seminars to Start 2004
Mar 1 2004 // Tennessee-based Diversified Product Inspections Inc. (www.dpi-inc.com), a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry, has presented 17 Product...
Louisiana Big ‘I’ Launches ‘A Landmark Opportunity’
Feb 26 2004 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) announced the launch of a nation-wide campaign to attract insurance companies to Louisiana. The campaign kicked off with the nationwide distribution of...
Terrorism Insurance … We Can’t Risk Sitting On the Sidelines
Feb 23 2004 // Some have viewed this law as a bailout of a failed insurance industry; we believe just the opposite is true. When Congress passed the Terrorism Risk Insurance Act (TRIA) in 2002, some heralded the act as a panacea for...
Natural Disasters More Severe and More Costly
Feb 23 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Nursing All the Right Answers in the Sunshine State
Feb 23 2004 // As the insurance industry, the nursing home industry, trial lawyers, and more look to find common ground in the saga of Florida nursing homes, the thought that the situation will eventually find the right answers does...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Washington Commissioner Takes Med-Mal Crisis in Stride
Feb 23 2004 // Washington native Mike Kreidler was elected to the office of Insurance Commissioner in November 2000, taking office in January 2001. Before becoming Insurance Commissioner, Kreidler enjoyed a varied political career. He...
A.M. Best Affirms Ratings of Two Indian Insurers
Feb 19 2004 // A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company...
S&P Says WTC Trial Outcome Not a Rating Factor For Insurers
Feb 19 2004 // As the signature lawsuit from Sept. 11, 2001, makes its way through the federal court system, there is no foreseeable impact on insurer ratings, according to Standard & Poor’s Ratings Services. “Under the...
ING to Exit Argentine Insurance Market
Feb 18 2004 // Holland’s ING Group announced that it will reorganize its insurance activities in Argentina, effectively leaving the market with the resulting loss of 650 jobs. A company announcement said it had made the decision...
PMA Capital Appoints Three New Directors
Feb 18 2004 // Philadelphia-based PMA Capital Corporation announced that Peter S. Burgess, Richard Lutenski and Vincent T. Donnelly have been elected as directors of the Company. It also noted that Paul I. Detwiler, Jr. and Louis N....
