Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Florida RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
NAII Opposes Bill to Establish Federal Insurance Regulatory Commission
Jul 17 2003 // A proposal by Senate Commerce Committee Chairman Fritz Hollings (D-S.C.) to repeal the McCarran-Ferguson antitrust exemption and create a new Federal Insurance Commission within the Commerce Department was strongly...
Political ‘Soap Opera’ Reportedly Characterizes 2003 R.I. Legislative Session
Jul 14 2003 // The Rhode Island legislature went through a marathon session and officially adjourned during the early morning hours recently, wrapping up a year of political posturing that resulted in a several gains for the insurance...
InMarket Partners Names New Senior Partner
Jul 8 2003 // InMarket Partners, LLC announced today that Scott L. Stanton of Berwyn, PA had been named a Senior Partner at the strategic insurance communication firm. Scott comes to InMarket Partners from AIG and Reliance Standard Life...
P/C Q1 Net Income Up 20.6%-Driven by Underwriting, Net Investment Gains
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
ITA Offers New CSR Job Skills Training Program
Jul 7 2003 // Getting a foot in the door of the insurance industry is the first challenge to a newcomer, but when compared to the challenge of figuring out the ABC’s of insurance, it is a small feat. There are so many ins and outs...
A Hard Market: The Most Opportune Time to Save for a Rainy Day
Jul 7 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...
IIAT’s ‘Oscars’: Association Bestows Awards, Celebrates New Leadership
Jul 7 2003 // The Independent Insurance Agents of Texas 106th annual convention, held recently in San Antonio, was a huge success, with record attendance and lots of networking and educational opportunities for attendees. The event was...
Net Income Up 20.6 Percent for P/C Insurers in Q1
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing one percent in 2002 and the worst-ever negative 2.4 percent recorded in...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
Jun 25 2003 // The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL...
Swiss Re Economists Say U.S. Economy Entering Slow Patch, Industry Looking At Prolonged Hard Market
Jun 25 2003 // Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the...
A.M. Best Says P/C Industry’s Combined Ratio Under 100 Despite High Cat Losses, Reserve Development
Jun 23 2003 // The property/casualty industry’s combined ratio improved about 2.6 points to 99.7 for the first quarter in 2003, the industry’s strongest first-quarter underwriting performance in the most recent five-year...
P/C Q1 Net Income Up 20.6 Percent, Driven by Underwriting Results and Investment Gains
Jun 23 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand on the Horizon
Jun 23 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
IICF Celebrates 10 Years of Charitable Giving
Jun 23 2003 // The Insurance Industry Charitable Fund (IICF) recently marked their 10th year anniversary at their annual Gala celebration, held this year at the San Francisco City Hall. Over the past 10 years, the IICF has evolved as an...
Marshall & Swift/Boeckh Taps Pathlore to Train Insurance Industry
Jun 19 2003 // Pathlore Software Corp., a provider of learning-management systems (LMS), announced today that New Berlin, Wis.-based Marshall & Swift/Boeckh (MS/B) will use Pathlore’s LMS to bring training to insurance agents,...
S&P Report Finds French Market is ‘Stable’
Jun 18 2003 // A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C...
