Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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....
Swiss Re Reports 7% P/C Renewal Premium Growth
Feb 17 2004 // Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio...
Lisa Colletto Named Partner in Pinnacle
Feb 11 2004 // Pinnacle Training & Consulting, headquartered in Simsbury, Conn., a leading provider of training, implementation services, and insurance education to the insurance industry, announced that Lisa Colletto has been named...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 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,...
Talking Tort with Colorado Commissioner Doug Dean
Feb 9 2004 // Washington Governor Bill Owens appointed Doug Dean commissioner of Insurance in January 2003. As commissioner, Dean heads the Division of Insurance, which is one of eight divisions within the Department of Regulatory...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 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,...
Three Years Later, Industry Puts Toxic Mold into Perspective
Feb 9 2004 // Whatever became of mold? Only three years ago, newspaper headlines, fueled by overzealous trial attorneys and misguided scientific information, trumpeted mold as “the next asbestos.” Since then, however, mold...
“2004 Will Be the Real Test” Lord Levene Tells Insurers
Feb 4 2004 // Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and for Lloyd’s a very profitable, year, his audience at a meeting of the City Forum in London sat...
Poe Financial Group Announces New President and CEO
Feb 2 2004 // Poe Financial Group announced the promotion of their Executive Vice President, James E. Wurdeman, to President and Chief Executive Officer. William F. Poe, Sr., the current CEO, will remain Chairman of the Florida-based...
ISO Acquires Quality Planning Corporation
Jan 30 2004 // Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not...
