Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Willis Sees Hardening in Airline Insurance Market
Dec 17 2008 // Willis Group Holdings has said that it “expects aviation insurance prices to rise and the insurance market to harden further through the end of 2008 and into 2009,” according to the latest report issued by the...
Sullivan Receives Insurance Service Award from Okla. CPCU Chapter
Dec 17 2008 // The Central Oklahoma Chapter of CPCU recently presented John F. Sullivan with its Insurance Industry Service Award. Sullivan has been active in the insurance industry for 37 years and is the second generation owner of the...
Swiss Re Sees ‘Severe Recession;’ Insurers Should Preserve Capital
Dec 10 2008 // At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that...
Financial and Housing Crises, Soft Market to Challenge Insurers in 2009
Dec 4 2008 // The financial and housing crises, along with a prolonged soft market, are converging to create a highly challenging environment for the U.S. insurance industry in 2009, says an industry think tank. These factors will force...
Bright Spots and Challenges Go Hand in Hand in Louisiana
Dec 3 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
China Insurers Dodge Financial Crisis Bullet, But Risks Loom
Dec 1 2008 // China’s 3 trillion yuan ($440 billion) insurance industry was largely insulated from the U.S. subprime crisis that battered AIG and other foreign firms, but the fallout poses the toughest challenge in a decade as...
Estimating the Credit Crisis Insurance Losses
Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...
People
Nov 30 2008 // Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
Insurance Dollars an Electoral Force in Midwestern States
Nov 30 2008 // Congressional candidates from the Midwestern states of Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin pulled in big donations from a variety of insurance industry interests...
Wanted: Agencies Focusing on Hispanic Market
Nov 30 2008 // The brains behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300 million revenue company focused on the Hispanic insurance market within a few years,...
Even Best Practices Agencies Struggle To Grow in Soft Market
Nov 30 2008 // Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) recently released its annual Best Practices Study. The independent...
Estimating the Credit Crisis Insurance Losses
Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...
Wanted: Agencies Focusing on Hispanic Market
Nov 30 2008 // Texas on the List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The brains behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300...
A Good Win in North Carolina for Experience
Nov 30 2008 // New Chief Plans a Blog, Statewide Agent Meetings and a Solution for Coastal Property Owners and Insurers On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote,...
Insurance Dollars an Electoral Force in South Central States
Nov 30 2008 // Congressional candidates from the South Central states of Arkansas, Louisiana, Oklahoma and Texas pulled in big donations from a variety of insurance industry interests in 2008, according to the Center for Responsive...
What the 2008 Election Means for Independent Agents
Nov 30 2008 // With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the...
There’s No Wrong or Right Time for an M&A
Nov 30 2008 // But Finding Financing Has Gotten Tougher When it comes to acquiring an agency or selling, timing is everything. Hard market or soft market, good business environment or bad, the decision on whether to merge, acquire or...
