Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Surplus Lines and the Lloyd’s Market
Jul 8 2002 // Lloyd’s of London is perhaps the most well- known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...
S&P Says ‘Wait ’til Next Year’ for Hard Market to Ease
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
For Lloyd’s, Continued Growth Expected in Surplus Linese
Jul 8 2002 // Lloyd’s of London is perhaps the most well known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...
After the Mold Rush: Montemayor Looks at Future of Texas Markets
Jul 8 2002 // Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to...
As Hard Market Persists, E&S Brokers Wait for the Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
SP’s Says ‘Wait ’til Next Year’ for Hard Market
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
Surveying the E&S Market with Swett & Crawford’s Hartoch
Jul 8 2002 // Swett & Crawford chairman David Hartoch has seen a number of changes in the excess and surplus industry during his decades in the business. As he approaches retirement in December, Hartoch took time out to talk with...
Swiss Re Sigma Study Examines London Market
Jul 5 2002 // A New Swiss Re Sigma report examines the state of the London Market, describing the effects of the sweeping changes that have occurred over the last decade, the ongoing consolidations, the market’s continuing...
Swiss Re Analysts See Economic Recovery, Hard Market Continuing
Jun 27 2002 // Wednesday’s teleconference, featuring Swiss Re’s economic experts, concluded that a modest economic recovery will continue, the insurance industry will see higher rates and a “flight to quality, ”...
P/C Industry’s 1stQ Net Income Falls 7.3 Percent
Jun 27 2002 // The U.S. property/casualty industry’s net income after taxes dropped 7.3 percent to $5.1 billion in first-quarter 2002 from $5.5 billion in first-quarter 2001, according to just released information from Insurance...
Plaintiff’s Bar Tracking Mold
Jun 24 2002 // Depending on whom you talk to, mold is either the end of the insurance industry or just a lot of media hype. This issue focuses on the homeowners market and it’s current mold dilemma with three features. “Mold:...
The St. Paul Agrees to Pay $988 Million in Asbestos Settlement
Jun 24 2002 // The St. Paul Companies have agreed to pay nearly $1 billion to settle outstanding claims and lawsuits related to asbestos. The news comes on the heels of PPG Industries’ agreement to a $2.7 billion settlement of...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
CAS Spring Meeting Predicts Hard Markets to Continue
Jun 21 2002 // Many of the events that made 2001 the worst year ever for property/casualty insurance will continue to keep the industry in a hard market throughout of this year, said panelists at the Spring Meeting of the Casualty...
Swiss Re To Host Mid-Year Economic and Insurance Industry Review
Jun 20 2002 // Swiss Re announced that economic and investment professionals will recap the first half of 2002 and take a look ahead at next six months and beyond at the company’s Mid-year Economic and Insurance Industry Review and...
PIA Panel Gives Views on Hard Market
Jun 17 2002 // The combined meeting of the Professional Insurance Agents of New York and New Jersey, recently held in Atlantic City, heard a number of views from a panel of experts on the current state of the insurance market. The...
Swiss Re Publishes Study on Latin American Insurance Industry
Jun 14 2002 // Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase...
Meadowbrook Appoints Milo to Board
Jun 13 2002 // Southfield, Mich.-based Meadowbrook Insurance Group Inc., which specializes in the alternative risk market, announced that Ralph Milo has joined the company’s board of directors. Milo was chairman and CEO of...
Good News/Bad News Story
Jun 10 2002 // Well, the hard market has arrived in all its glory. Everyone is ecstatic because they will make a lot of money. That’s the good news. The bad news is your clients are mad at you, the carriers and everyone else...
