Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
PIA Conducts Agent E-Survey on Hard Market
May 1 2002 // The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York has launched a survey on their collective Web sites, asking their members to evaluate the conditions of several sectors of the...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Ohio Insurance Director Asks State Supreme Court to Uphold Homeowners Standard
Apr 23 2002 // Ohio Insurance Director Lee Covington weighed in on a case before the Ohio Supreme Court, asking it to uphold the state insurance department’s longstanding policy that homeowners policies do not cover automobile...
PIFC Opposing Government Mandation of Private Insurance Company Investments
Apr 23 2002 // The Personal Insurance Federation of California (PIFC) has questioned the intent of a Senate bill that would mandate Federal Community Reinvestment Act (CRA) standards of reporting and investing for California insurance...
S&P Negative on Future of French P/C Insurance Market
Apr 22 2002 // Standard & Poor’s announced that it has a divided outlook for the French insurance market, “taking a negative view of its non-life sector and heralding a stable future for the country’s life...
ACORD Brings Insurance Industry to OASIS
Apr 22 2002 // ACORD, the insurance industry standards organization, has become the latest industry group to appoint a representative to the OASIS Universal Business Language (UBL) Technical Committee. ACORD joins liaisons from a broad...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
P/C Industry Suffered First-Ever Net Loss in 2001
Apr 19 2002 // The events of Sept. 11 and declines in interest rates and the stock market all contributed to make 2001 the worst year ever for the property/casualty industry, according to just released numbers from Insurance Services...
Terrorism Insurance and Home Security
Apr 15 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
Using Technology and Understanding Technology are 2 Different Things
Apr 15 2002 // Have you read an article or brochure lately about insurance technology and came away overwhelmed by the fact that you don’t understand XML, SPX, .NET and SOAP? Don’t let it bother you. As an agent, you should...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
Using Technology and Understanding Technology are 2 Different Things
Apr 15 2002 // Have you read an article or brochure lately about insurance technology and came away overwhelmed by the fact that you don’t understand XML, SPX, .NET and SOAP? Don’t let it bother you. As an agent, you should...
The Illusion of Protection: Terrorism, War and Workers’ Compensation
Apr 15 2002 // The impact of the terrorist attacks of September 11th on the property/casualty insurance industry can hardly be overstated—the largest catastrophe loss ever; an unprecedented convergence of coverages, creating a...
Hard Market Common Theme for Spring Conventions
Apr 15 2002 // Spring is in the air, and that means conventions, conventions and more conventions for insurance agents and brokers. The first is the upcoming Orange County “I” Day, to be held April 23 at the West Coast...
InVEST Seeking Silent Auction Donations
Apr 12 2002 // InVEST, an education program to strengthen the insurance industry by attracting a large pool of qualified recruits, is seeking items for its annual “Silent Auction” being held Sept. 21-22, 2002 in conjunction...
NJ Industry and Consumer Groups Launch Campaign for Auto Insurance Reform
Apr 9 2002 // Insurance industry and consumer groups have joined together to launch an extensive advertising campaign aimed at building support for their efforts to bring about reforms in New Jersey’s automobile insurance...
E-Business Coverage Risks Could Outweigh Rewards for Insurers
Apr 8 2002 // With only a small amount of insurers jumping into the e-business insurance marketplace, a recent Conning & Company study reports that businesses’ increased use of the Internet is making for a substantial growth...
Retailers, Wholesalers Face ‘Triage’ in Submissions; Relationships Key, ‘Peak Performance’ Attendees
Apr 8 2002 // Brokers, agents and underwriters alike are learning a new way to do business in the hard market, which has meant getting back to basics with more complete and professional submissions as well as better communications...
Joint ‘I’ Day Focuses on Hard Market
Apr 5 2002 // “Submissions are coming in by the truckload. Renewals obviously are something that we’re very concerned about, said Derek Borisoff at this year’s Joint ‘I’ Day in Universal City,...
NCCI to get Connected with 2002 Annual Issues Symposium
Apr 2 2002 // NCCI Holdings, Inc. has announced its agenda for the 2002 Annual Issues Symposium (AIS), May 9-10 in Orlando, Fla. NCCI’s Annual Issues Symposium brings together experts in the workers’ compensation field for...
