Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Communications, People and Technology Ride High on Canter’s ‘To Do’ List
Oct 6 2003 // Louise “BeBe” Canter, senior vice president of Patterson/Smith Associates, Falls Church, Va., was installed as president of the Independent Insurance Agents & Brokers of America Inc. (IIABA) during the...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
CPCU Society to Highlight Results From P/C Survey at Annual Meeting
Oct 1 2003 // The CPCU Society invites insurance professionals to “Jazz Up Your Career!” at the CPCU Society’s 59th Annual Meeting and Seminars in New Orleans, Oct. 11-14. Join CPCUs, the New Designee Class of 2003,...
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M
Sep 24 2003 // Risk Management Solutions (RMS) released a revised loss estimate of $600 million for wind-related claims from Hurricane Isabel, updating its initial estimate of $500 million released on Sept. 17. The company also reported...
A Hard Market: The Most Opportune Time to Save for a Rainy Day
Sep 22 2003 // In a hard market, like the one we’re experiencing lately, many of the positive effects of the increased revenue can also carry some consequences that can negatively affect your agency down the road. A hard market is...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Sep 22 2003 // The 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute wound up proceedings in London last Friday on an upbeat note. President Andy Homer told delegates that the industry...
Non-Profits, Public Entities Battle Market Conditions
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
S&P PUBLISHES ENCOURAGING REPORT ON ASIA-PACIFIC REINSURANCE MARKET
Sep 22 2003 // Standard & Poor’s has published a report on the Asia-Pacific non-life reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to under...
PIA CT, NH, NJ and NY Join Fall Return to School
Sep 22 2003 // A bulletin from the Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State Inc. notes that “summer has come and gone. It’s time for calculators and textbooks—for the...
Non-Profits, Public Entities Battle Market Conditions
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
A.M. Best Says P/C Industry Maintains Improving Results, Staying Power Questioned
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...
ISO Authorized to Provide Advisory Pricing Info to Texas Insurers
Sep 11 2003 // Insurance Services Office Inc. (ISO) announced that it is now able to provide advisory information services to Texas insurers for four lines of insurance—commercial auto, personal auto, homeowners and dwelling...
S&P Sees Stability in Reinsurers’ Ratings
Sep 9 2003 // Standard & Poor’s has issued a report entitled “Global Reinsurance: Calmer Waters Ahead?” which indicates that the outlook for reinsurers’ ratings “is now nearing stability.” The...
Reinsurance Rendezvous Highlights Poor Results, Future Direction
Sep 9 2003 // The annual Reinsurance Rendezvous in Monte Carlo, which began last weekend, has put the spotlight on the altogether mixed results the industry has posted over the last three years. Both Standard & Poor’s and...
How do you Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Gov. Bush Sees Hope for Industry in Florida and Nationally
Sep 8 2003 // From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush {R} has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in...
Alternative Markets Reach New Levels
Sep 8 2003 // “Client, insure thyself!” Well it hasn’t quite reached that point yet, but the hard market has caused insurance buyers to commence an unprecedented search for affordable risk management solutions. Pushed...
Gov. Bush Sees Hope for Industry in Florida and Nationally
Sep 8 2003 // From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush (R) has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in...
How Do You Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
