Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Captain Named InVEST Teacher of the Year
Jul 10 2001 // Robert G. Captain, insurance instructor at Grossmont College, El Cajon, Calif., was named the InVEST Teacher of the Year, announced the InVEST Board of Directors. InVEST-which maintains it is the only education program...
Homeowners, Insurance Industry Clash on Mold Issues
Jul 9 2001 // Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance...
Auto Experiment Impacted by Healthy Insurance Market, Household Priorities
Jun 29 2001 // According to the Insurance Information Network of California, when California unveiled an experimental, fixed-rate auto insurance policy for the poor last year, there was hope that it might encourage motorists who drive...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 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...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 25 2001 // A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Banning Major Earthquakes-A Savvy, Market-Saving Move
Jun 25 2001 // Apparently, we’ve licked that quake insurance problem. Faced with the devastation (property and market) wrought by the Northridge Earthquake and the realization by insurers that the loss models they had carefully...
CPCU Society, NICB Join Together to Provide Education During Insurance Fraud Prevention Week
Jun 22 2001 // In an effort to educate consumers nationwide about insurance fraud and the price we all pay for these crimes, the Chartered Property Casualty Underwriters (CPCU) Society and National Insurance Crime Bureau (NICB) released...
Insuring the Children Orange County Chapter Distributes $85,000 to Local Children’s Charities
Jun 22 2001 // As chairman of the Grants Committee of Insuring the Children, Orange County Chapter, Larry Shoaf, branch manager and senior vice president of Dodge, Warren & Peters Insurance has been distributing checks to various...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 18 2001 // Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 18 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
ING UPS STAKE IN SEGUROS
Jun 18 2001 // Comercial America: Dutch financial services conglomerate ING Group said it has agreed to buy an additional 45 percent stake in Seguros Comercial America (SCA) for $791 million. The deal is part of a step taken in February...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 11 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Coverages for Contractors: Only the Strong Survive as a Tough Market Gets Tougher
Jun 11 2001 // What’s the biggest problem area in the California insurance market these days?” When asked that question, most in the know would probably, without any hesitation, reply, “Workers’ comp.” But...
50th Annual San Diego ‘I’-Day Takes Attendees on a ‘Wild Ride’
Jun 11 2001 // They came offering a wide array of products and services as the 50th Annual San Diego “I”-Day rolled into the downtown Convention Center June 1. More than 70 exhibitors turned out for the event, which also...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
MDA Announces Improved Information Product for U.S. Insurance Industry
Jun 1 2001 // The Information Products Group of MacDonald, Dettwiler and Associates Ltd. unveiled a new version of its Home Replacement Cost Estimator, renamed the Replacement Cost Calculator. According to the company, the new version...
CyberOpticLabs Inc. Becomes Cordia Corp.
May 31 2001 // Stockholders for Conn.-based CyberOpticLabs Inc. gave their approval to a change in the company’s name to Cordia Corporation. Cordia Corp., a publicly-traded company which develops and offers industry specific...
IBM Joins Insurance Industry Standards Group
May 22 2001 // IBM today announced it had joined the insurance industry’s nonprofit standards organization ACORD (the Association for Cooperative Operations Research and Development). In joining ACORD, IBM brings its brings global...
Marshall & Swift Merger with E.H. Boeckh and DDS Completed
May 22 2001 // Marshall & Swift, a publisher and source of building cost data and services to the insurance industry, announced the completion of its merger with E.H. Boeckh, a supplier of building cost information, and Digital...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
