Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Opinion: Separating Myths from Facts on Florida’s Citizens Insurance
Apr 19 2011 // Currently, Florida’s legislature is considering a proposal that will help restore health to Florida’s insurance market. As the proposal moves forward, it is worth separating the myths from the facts on the...
FERMA:Brazil’s Response on Regulation Change Complaints O.K.;More Needed
Apr 18 2011 // The Federation of European Risk Management Associations (FERMA) described the Brazilian government’s response to complaints about proposed changes in re/insurance regulations as “a good first step” in...
Reinsurance Rates Up, But Few Agree How Much
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Insurance Industry Charitable Foundation Launches Chicago/Midwestern Division
Apr 14 2011 // The Insurance Industry Charitable Foundation has launched a Chicago/Midwestern Division. Presently operating a California/Western Division and a New York/Northeast Division, the Foundation has expanded to include a third...
P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark
Apr 14 2011 // Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark...
Solvency II: ‘Beware the Dog That Didn’t Bark,’ Warns Willis Re
Apr 13 2011 // Insurers are meeting their solvency requirements in greater numbers than anticipated and the result is that the Solvency II regulatory scheme will not result in a capital deficit for the insurance industry as a whole. The...
How Health Reform Will Affect Workers’ Comp, Liability Insurance
Apr 12 2011 // The federal health reform enacted last year will bring short- and long-term challenges to employers and the property/casualty insurance industry. According to Harry Shuford, chief economist for the insurance...
P/C Insurers Weigh International Expansion for Growth
Apr 12 2011 // The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view...
A.M. Best Revises Outlook for The Hartford
Apr 12 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. A.M. Best also has affirmed the financial...
Effect of Federal Government Shutdown on Insurance Industry
Apr 8 2011 // If Congress fails to pass a budget for the rest of 2011 and the federal government temporarily shuts down, it should still be business-as-usual for the property/casualty insurance industry. Since the industry is largely...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Financial Consultant Bjelobaba Analyzes Changing UK Regulations
Apr 6 2011 // The UK’s Conservative government announced, even before it was elected, that it planned to reform the country’s financial regulatory system – for banks, investment providers and the insurance industry. On...
Japan Quake Reveals Cracks in Insurance System – Part I
Apr 5 2011 // Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re...
Aon Analysis Finds Airlines Seeing Passenger Numbers Increasing in 2011
Apr 5 2011 // According to Aon Risk Solutions, recently released “Airline Insurance Market Outlook, 2011,” the Aon airline industry has “started to recover since the darkest days of the financial crisis, with rising...
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
All in the Family
Apr 4 2011 // Young Agents Survey Reveals Strong Family Ties Bryan Hanes grew up in the family business listening to stories about life in a small town. He heard his grandfather and then father sharing cheerful conversations with local...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
People
Apr 4 2011 // Maine-based workers’ comp insurer The MEMIC Group has promoted Michael P. Bourque to senior vice president for external affairs. Bourque joined MEMIC in 1995 and was appointed vice president for corporate marketing...
Special Report: Top 10 Innovative P/C Insurance Products
Apr 1 2011 // A wave of new product offerings is jeopardizing the property/casualty insurance industry’s image as uncool. Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections...
