Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Commentary: No Time for Basking in the Glow of the Hard Market
Nov 13 2000 // It’s finally here! Strike up the band, pass out the cigars, the hard market has arrived! We still have availability of product and our renewals are up at least 10 percent. Workers’ comp premiums are up an...
eStellarNet Attracts $30 Million Investment
Nov 6 2000 // eStellarNet, a leading automated transaction processor for the property and casualty industry, has raised $30 million in financing led by Capital Z Financial Services Fund II, a global private equity fund focused on the...
On the Road Again
Nov 6 2000 // Insurance Dot-Coms Shift Increasingly Toward the Agent In the fast-paced environment of Internet insurance, any attempt to define trends and categorize business models on the information highway can be an exercise in...
Rev. Jesse Jackson Encourages Minority Participation
Nov 1 2000 // The Rev. Jesse Jackson urged the insurance industry Monday to reach out to minorities as employees, agents and customers, not just because it is the right thing to do, but because it is good business. Speaking before the...
Commentary: The Rainy Season Arrives as D&O Market Begins to Tighten
Oct 30 2000 // Hopefully D&O policyholders have been putting some premium away for a rainy day, because it has started to drizzle and thunderstorms are just around the corner. The end of the soft market is in sight. The last...
The Pioneering Women of TEXAS: How a generation of insurance women was born
Oct 9 2000 // On June 2, 1944 at 9:30 a.m. in the roof garden of the Hotel Adolphus in Dallas, the first meeting of the Insurance Women of Texas was opened by call to order by Mrs. Ruth A. Fredde, president of the Insurance Women of...
Alliance Study Shows Industry Contributes $200 Billion to U.S. Economy
Oct 6 2000 // The insurance industry contributes almost $200 billion to the United States’ gross national product each year, approximately 2.4 percent of the total GNP, according to the latest edition of a study compiled by the...
After the Gold Rush: Insurance Dot-Coms Shift increasingly Toward the Agent
Oct 2 2000 // In the “stake-your-claim” environment of Internet insurance, any attempt to define trends and categorize business models can be an exercise in frustration. However, in some ways the dot-com gold rush is slowing...
Property/Casualty Insurers Watch Profits Fly Out the Window
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
Reverse Soft Market Bad Habits
Sep 25 2000 // Without revealing your age, are you one of those who only faintly remembers the daily exercise regimen? At one time, did you count calories? fat grams? And now, you just count the number of pounds that you would like to...
Commentary: Reverse Bad Habits Formed During the Soft Market
Sep 18 2000 // Without revealing your age, do you remember the hard market of the mid-’80s? Rest assured, we are a long way from returning to the marketplace of 15-plus years ago. However, the market has bottomed and is beginning...
Fitch Adopts Negative P/C Outlook
Sep 15 2000 // It’s not hell-in-a-handbasket yet, but the outlook for the property and casualty industry is far from good. On Thursday, Fitch, the international rating agency formed through the June merger of Duff & Phelps...
Guy Carpenter Reinsurance 2000 Report Sees Firming Market
Sep 14 2000 // Guy Carpenter, the reinsurance arm of Marsh Inc. has just issued a comprehensive 64 page study of the state and prospects for the property/casualty reinsurance market in the year 2000. The report sees an industry in...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
P/C Industry’s First-Half Net Income Plunges; Combined Ratio at 109.2 for 2000
Sep 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped to $10 billion in this year’s first half, down 32.5 percent from $14.9 billion a year ago. The industry’s surplus fell $7.6 billion, or...
P/C Industry Combined 1st Half Ratio Hits 109.2 in 2000,
Sep 11 2000 // Despite a recent hardening of prices in the property/casualty industry, underwriting performance worsened during the first half of 2000, according to A.M. Best Co.’s six-month report. The industry’s average...
ACORD, CSIO to Collaborate on XML Standards for North America
Sep 8 2000 // Gregory A. Maciag, president and CEO of ACORD, and Klaas Westera, president and CEO of the Centre for Study of Insurance Operations (CSIO), jointly announced that discussions are underway between CSIO and ACORD to...
Rolling Out the Dough for the Presidential Campaign
Sep 4 2000 // Want to know how to make your vote count in the Presidential campaign? Start buying cookies! It’s the best thing since Girl Scout cookies: America Chews Entertainment Group Inc. is conducting “America’s...
Allstate First to Apply As India Opens Insurance Market
Aug 17 2000 // U.S. insurer Allstate and the U.K.’s Prudential Plc became the first foreign companies to submit applications, in conjunction with their Indian partners, to establish private insurance companies to sell life products...
Survey Says Insurance Industry Hiring to Increase in 2nd Half of 2000
Aug 8 2000 // Results of a new survey, conducted by management Recruiters International Inc. (MRI), indicate that 50.4 percent of executives with responsibility for hiring in the insurance industry plan to increase staff hiring in the...
