Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Task Force Releases Scoring Report, Unveils Water Intrusion Prevention Pilot
Sep 27 2002 // The NeighborWorks® National Insurance Task Force (NITF) has announced several activities to support its efforts to make insurance more available and affordable in lower-income communities. The activities include a report...
Louisiana Commissioner Aims for Reforms
Sep 26 2002 // Acting Louisiana Insurance Commissioner J. Robert Wooley is soliciting information from the insurance industry on the current regulatory and legislative climate in the state, a move toward insurance reform that, according...
IIABA InfoXchange Opens with State of the Industry
Sep 24 2002 // “Our industry is evolving and changing every single day,” said Robert Rusbuldt, CEO of the Independent Insurance Agents and Brokers of America (IIABA) during the Opening General Session of the IIABA 2002...
AIA Supports Improvements in NAIC Plan to Study Market Conditions
Sep 18 2002 // A key committee of the National Association of Insurance Commissioners has agreed to expand its review of property/casualty insurance market conditions to include an analysis of the root causes of those conditions,...
New Guy Carpenter Study Finds Reinsurance Markets Worldwide Hardened in 2002; Rates Increased in All Regions for Virtual
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
Use of Credit a Hot Topic at Senate Hearing
Sep 16 2002 // The insurance industry took a few hits at a recent Senate committee hearing on the use of consumer credit histories in rating and underwriting insurance policies. In addition to criticisms from consumer groups, the...
Small Businesses Offered Fourth Safety Workshop
Sep 13 2002 // A fourth safety workshop conducted by the insurance industry and the U.S. Occupational Safety and Health Administration (OSHA) will be offered to small business owners in Erie, Pa. Wednesday, Sept. 25. The session,...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Exclusions Persist as Congress Debates Federal Terrorism Backstop Legislation
Sep 2 2002 // Nearly a year after the Sept. 11 terrorist attacks, the issue of federal insurance backstop legislation to protect carriers against future losses stemming from more attacks remains a crucial yet unresolved issue for the...
Sept. 11-A Year Later
Sep 2 2002 // In this issue, we pause for a moment and try to grasp the meaning and impact of ‘9/11’ on the insurance industry. It’s difficult to find words to describe the tragedy of Sept. 11th, 2001 and its effect on...
STUDY SEES MAJOR INDUSTRY CHALLENGES
Sep 2 2002 // A new study released by National Marketing Services finds that executives of major reinsurers and carriers believe terrorism, pricing and capacity are the major challenges currently facing the industry. The new study,...
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
A Year Later, Industry Takes Stock of Itself
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Exclusions Persist as Congress Debates Federal Terrorism Backstop Legislation
Sep 2 2002 // Nearly a year after the Sept. 11 terrorist attacks, the issue of federal insurance backstop legislation to protect carriers against future losses stemming from more attacks remains a crucial yet unresolved issue for the...
Sept. 11 – A Year Later
Sep 2 2002 // In this issue, we pause for a moment and try to grasp the meaning and impact of ‘9/11’ on the insurance industry. It’s difficult to find words to describe the tragedy of Sept. 11th, 2001 and it’s...
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
Harleysville Named to Ward’s 50
Aug 28 2002 // Harleysville Insurance of Harleysville, Pa. announced it has been named to the Ward’s 50 list of top-performing insurers in the nation for the fourth consecutive year. “To be recognized by Ward’s four...
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Study Says Terrorism, Pricing and Capacity are Major Industry Challenges
Aug 16 2002 // A new study released by National Marketing Services finds that executives of major reinsurers and carriers believe terrorism, pricing and capacity are the major challenges currently facing the industry. The new study,...
