Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Innovating Insurance
Sep 1 2008 // Women Play Important Role as Insurance Industry Change Agents The lack of organic growth and the soft market cycle has made operating in the insurance industry difficult in recent years. Yet the key to surviving in the...
People
Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and...
People
Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...
Innovating Insurance
Sep 1 2008 // Women Play Important Role as Insurance Industry Change Agents The lack of organic growth and the soft market cycle has made operating in the insurance industry difficult in recent years. Yet the key to surviving in the...
U.S. Insurers’ Exposure to Fannie Mae/Freddie Mac Deemed Manageable
Sep 1 2008 // The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs), is substantial for a handful of companies. Nevertheless, A.M. Best Co. does not...
What’s All the Fuss About?
Sep 1 2008 // With the Soft Market Here Again, the E&S Market Must Get Back to Its Roots as the Product Innovator Over my 30-year career, the insurance industry has weathered three hard market and soft market shifts. Yet amazingly,...
A Winning Culture
Sep 1 2008 // Lots of companies claim to have a great working environment, but when a company backs up its claim with awards, who can deny it? Insurance Journal Top 100 Agency Profile The IMA Financial Group Inc. RANKING: No....
Surplus Lines Results Remain Strong, Despite Heightened Competition
Sep 1 2008 // Brokerage M&As Expected to Continue for the Near Term; Time’s Almost Up for Congress to Pass Reform Bill Surplus lines insurers continued to outperform the property/casualty industry in underwriting and...
Business Planning in a Snap!
Sep 1 2008 // How to Create a Fast, Effective One-Page Agency Plan The fall is a good time to plan for the New Year by reflecting on how the agency has been operating over the past year. Operations may need to be restructured to the way...
Wholesaler Value is a Story That Needs to Be Told
Sep 1 2008 // Soft Market or Not, Stay Focused on Providing Superior Service, Value to Agents There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I...
Coloradans Spent $26 Billion in Insurance Premiums in 2007
Aug 29 2008 // Where do Coloradans spend their insurance dollars? During 2007, Colorado citizens paid over 26 billion dollars in premium to approximately 1,306 companies, with 27 companies accounting for more than 50 percent of that...
No Absolutes in Agency Training and Recruitment
Aug 29 2008 // Recruiting and staffing in the insurance industry has never been as “hot” as it is right now, said Susan Henry, senior vice president, The Jacobson Group, an executive search, professional recruiting and...
Soft Market Exposes Value of Risk Control for Golf Insurers
Aug 28 2008 // For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market,...
S&P Report Says Oman Insurance Market Still Strong After 2007 Losses
Aug 27 2008 // In its latest report on the insurance market in the Sultanate of Oman, Standard & Poor’s Ratings Services says that despite the heavy losses from Cyclone Gonu in 2007, the sector has much to commend...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...
Texas Wind Pool Claims Add Up as New Tropical Storm Develops,
Aug 26 2008 // With hurricane season halfway over for 2008, Louisiana has so far dodged the bullet but Texas has taken on two warning shots with Hurricane Dolly and Tropical Storm Edouard. As hurricanes and tropical storms go, neither...
2 University of Alabama Students Earn Insurance Industry Scholarships
Aug 22 2008 // The Derek Hughes/ National Association of Professional Surplus Lines Offices Ltd. Educational Foundation scholarships went to two University of Alabama student. Recipient Aldrich Callins of Birmingham, Ala. has attended...
Insurance Industry Charitable Foundation Awards 2008 Grants
Aug 22 2008 // The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., has awarded its 2008 charitable grants to outstanding nonprofit agencies in California. The following organizations received recognition and...
Declarations
Aug 21 2008 // Declarations Mass. Expansion – Vermont Mutual CEO Thomas Tierney, commenting on his company’s decision to enter the Massachusetts personal auto insurance market. It is the second company this month –...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
