Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Visibillity Announces Membership in ACORD
Jan 15 2003 // Chicago-based Visibillity, Inc., a collaborative litigation management solution provider for the insurance industry, announced its membership in Association of Cooperative Operations, Research and Development (ACORD). Faiz...
NJ Governor McGreevey Outlines Auto Reform Plans in State Of The State Address
Jan 15 2003 // New Jersey’s Democratic Gov. James McGreevey received plaudits from the insurance industry following his remarks in his “State of the State” address that he would vigorously pursue reforms in the auto...
Fitch Says Personal Lines will Fare Better than Commercial
Jan 15 2003 // Highlighting the questions on profitability and reserves, Fitch Ratings reports that the commercial line and reinsurance sectors of the domestic property/casualty industry faces greater uncertainty than personal lines,...
Florida Insurers Present Senate Committee with PIP Fixes
Jan 14 2003 // Representatives of the Florida insurance industry, including the National Association of Independent Insurers (NAII), outlined to a Senate committee an all-inclusive package of reforms designed to address the state’s...
ERC Faces an Uncertain Future
Jan 13 2003 // Employers Reinsurance Corp. (ERC), the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR,...
The Game of Profit & Cash Teaches Employees Financial Basics
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
Montemayor Sends Biennial Report, Recommendations to Lawmakers
Jan 13 2003 // Texas Insurance Commissioner Jose Montemayor recently submitted the Biennial Report, required under Section 32.022 of the Insurance Code, to Texas legislators suggesting needed changes in laws relating to insurance...
ERC Faces an Uncertain Future
Jan 13 2003 // Employers Reinsurance Corp., the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling...
Oxley Forecasts Insurance Issues Awaiting the 108th Congress
Jan 13 2003 // For more than a year, the issue of federal backstop legislation for terrorism risk has dominated Congress’ attention when it comes to insurance industry issues. Now that the Terrorism Risk Insurance Act has been...
The Game of Profit & Cash® Teaches Employees Financial Basics
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
Alliance to Coordinate Input on Mold Coverage in Ga.
Jan 10 2003 // The Alliance of American Insurers said Georgia Insurance Commissioner John Oxendine has asked the group to coordinate an insurance industry effort to develop language that will be used to spell out coverage for mold in...
S&P’s Outlook on Italian Insurance Market is “Negative,” but “Improving”
Jan 9 2003 // Standard & Poor’s has just completed a review of the Italian insurance market, and announced that “the ratings outlook for the market is negative, reflecting an expected downward trend in insurer financial...
Calif. Commissioner Delivers Inaugural Speech
Jan 8 2003 // Calif. Insurance Commissioner John Garamendi recently delivered his inaugural speech on Jan. 6, 2003, as he took the Oath of Office in a ceremony at the Assembly Chambers California Capitol Building. The following is the...
Study by W. Va. Lawmakers: Caps Won’t Lower Med-Mal Coverage Rates
Jan 8 2003 // The West Virginia State Legislature has issued a report finding that imposing caps on damages in medical malpractice lawsuits will not reduce insurance rates for physicians, at least in the near future. Following the...
Munich Re Estimates 2002 Insured Losses from Catastrophes at $11.5 Billion
Dec 30 2002 // In a yearly review released today Munich Re calculates the overall economic losses from natural and man-made catastrophes in 2002 at a staggering $55 billion, compared to $35 billion last year. However, the world’s...
China to Allow Non-Life Companies to Sell Flight Insurance
Dec 23 2002 // China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official...
Insurance Information Institute Takes Peek at 2003 Forecast
Dec 19 2002 // Each year the Insurance Information Institute (I.I.I.) invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
A Year for Reflection and Reaction
Dec 16 2002 // As the end of 2002 nears, it is the time to look back over the past year and to reflect on the major events in this chaotic year. Any consideration of 2002 must consider the tumultuous reaction to the Sept. 11 terrorist...
Let’s Reform the Texas Insurance Market the Right Way
Dec 16 2002 // Oklahoma Insurance Commis-sioner Carroll Fisher put it best when he recently said, “The best regulator of insurance rates is the consumer. For all the hard work state employees do to regulate insurance companies,...
