Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Incoming NAPSLO President Focuses on Regulatory Issues, Technology
Sep 3 2001 // When John Latham steps down as president of the National Association of Professional Surplus Lines Offices (NAPSLO) in San Antonio later this month, Tapley O. Johnson, Jr., will take on the office as incoming president and...
Lloyd’s Confirms Loss Figures
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
AIA Proposes New Tax Incentives to Bring Jobs To Colorado
Aug 29 2001 // On Aug. 24, the American Insurance Association (AIA) testified before the Colorado Commission on Taxation, urging the group to consider a proposal that would provide insurers with a credit against premium taxes for...
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
RMS Upgrades Hawaii Hurricane Model for Insurance Market
Aug 22 2001 // Risk Management Solutions (RMS), industry leader in the area of natural hazard risk modeling, announced the latest release of its RMS™ Hawaii Hurricane model. The model upgrade offers significantly improved risk...
Microsoft’s ‘Virtual Team’ Takes Insurance to the Fast Track
Aug 20 2001 // It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities...
Asbestos Claims: ‘The Shroud Over the Industry’
Aug 20 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Microsoft’s ‘Virtual Team’ Takes Insurance to the Fast Track
Aug 13 2001 // It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities...
Brand Building Strategies
Aug 13 2001 // Mergers, consolidation and worldwide expansion greatly affect the way the insurance industry does business today. As boundaries collapse and markets change, there is a tool you can use to gain an edge over the competition....
NAII Says Legislative Inaction Threatens Insurance Market; No-Fault Fraud Still Rampant August 10,
Aug 10 2001 // According to the National Association of Independent Insurers (NAII), rather than address the rampant no-fault fraud that costs New York consumers over a billion dollars each year, the legislature yesterday allowed several...
ConfirmNet, XDimensional Technologies Announce Acquisition of VeriCert Assets by ConfirmNet
Aug 7 2001 // ConfirmNet™ Corporation, the providers of the CertificatesNow™ service, and XDimensional Technologies Inc. (XDTI) jointly announced a definitive agreement for ConfirmNet to acquire certain assets of XDTI’s...
Brand Building Strategies
Aug 6 2001 // Mergers, consolidation and worldwide expansion greatly affect the way the insurance industry does business today. As boundaries collapse and markets change, there is a tool you can use to gain an edge over the competition....
IIAA Tells Congress Auto Insurance Over-Regulated in Certain States
Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
INSpire Chairman and CEO Sets Vision in Motion
Jul 23 2001 // When John Pergande took over as chairman and CEO of INSpire Insurance Solutions last fall, he had a clear vision for the company’s mission and he knew what needed to be done to turn the then-faltering company...
Insuring The Children Awarded $10,000 from The Hartford
Jul 17 2001 // Insuring the Children (ITC), the insurance industry’s initiative to end child abuse and neglect, has received a $10,000 commitment from The Southern California Regional Office of The Hartford Financial Services Group...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Oregon Legislature Wraps Up 2001 Session
Jul 13 2001 // Oregon’s legislature adjourned last weekend having once again considered a staggering number of bills during its biennial session, including dozens of insurance-related bills. Michael Harrold, Northwest regional...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
