Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Lockton Expert Analyzes Product Contamination, Recall Insurance Market
Feb 17 2010 // The specialist market for insurance covering product recall and product contamination is resilient and stable, according to Ian Harrison, an expert in the field, in a new report – “Supply and Demand Growing for...
EMEA Commercial Insurance Market ‘Stable’ Says Marsh Report
Feb 16 2010 // A new report from Marsh has concluded that “despite the global recession, the commercial insurance market remained stable in the second half of 2009. This provided many organizations across Europe, the Middle East...
Social Service Organizations in Tough Times
Feb 7 2010 // Brokers Keep Watchful Eye as Tough Economy Forces Workforce, Program Changes It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding is also down....
Property Casualty Market’s Love Affair With Main Street Business
Feb 7 2010 // Why Small Business Means Big Business for Insurers and Brokers Alike Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in...
The Woodlands Financial Group Opens 6 New Locations
Jan 28 2010 // Texas-based retail insurance and managing general agency, The Woodlands Financial Group Inc. (TWFG), has opened six additional branch locations. A new office in Houston is led by Jerome Magana, who has more than 17...
People
Jan 24 2010 // Zenith National Insurance Corp. has hired Janet Frank as president and chief operating officer of the workers’ compensation writer’s principal operating subsidiary, Zenith Insurance Co. She will also be an...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Insurance Journal Founder, Publisher Enter Insurance Hall of Fame
Jan 24 2010 // The Insurance Media Association named Insurance Journal‘s Founder Mark Wells Sr., and Publisher Mark Wells Jr. as the 2009 inductees into the Insurance Media Hall-Of-Fame. Insurance Journal, considered the most-read...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
Social Media Creates New Insurable Risks, Opportunities
Jan 22 2010 // When it comes to social media, the insurance industry needs to change how it evaluates risk. That’s the opinion of George Redenbaugh, assistant treasurer and senior director of risk management for eBay, where he is...
Private Insurance Market in Haiti Small
Jan 14 2010 // Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 10 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who...
Report: Deregulation Made Massachusetts Auto Insurance Market Worse
Jan 10 2010 // The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the...
10 Ways to Make Insurance Agencies More Successful … Now
Jan 10 2010 // Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to...
Resolution Time
Jan 10 2010 // Happy New Year. It’s time to rewind, re-evaluate how you did in 2009, and make resolutions for 2010. I’m not big on making resolutions I know I won’t keep — like sticking to an overly ambitious...
10 Ideas for Making Insurance Agencies More Successful … Now
Jan 10 2010 // If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it...
Resolution Time
Jan 10 2010 // Happy New Year. It’s time to rewind, re-evaluate how you did in 2009, and make resolutions for 2010. I’m not big on making resolutions I know I won’t keep — like sticking to an exercise regime (when...
The Insurance Industry Wants You!
Jan 10 2010 // American-born poet, T.S. Eliot, did little to further the cause of attracting people into the insurance business. As far back as 1922, in his famous work, “The Wasteland,” the sometime bank employee created a...
Trends for 2010
Jan 10 2010 // Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring...
Negotiations Falter at UN’s Copenhagen Conference on Climate Change
Jan 10 2010 // The United Nations’ Copenhagen Conference on Climate Change strained mightily and produced — a note. Co-authored by the United States and China as a last minute face saver, only five nations signed it. This...
