Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
Agents Errors & Omissions
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
News Currents
Aug 6 2007 // In Miss. primary, incumbent Dale faces Katrina, Scruggs and fellow Dems Hurricane Katrina has nearly knocked the wind out of George Dale’s reelection campaign for Mississippi insurance commissioner, a job he’s...
Agents in E&O Buyer’s Seat
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years
Aug 2 2007 // The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration. The panel voted by 49 to 20 in favor of H.R. 2761, the...
Global Insurance Leaders Place Growth at Top Of List
Aug 1 2007 // The leading overall issue facing the global insurance industry is capitalizing on new market opportunities, according to a survey of the participants at the 43rd Annual Seminar of the International Insurance Society (IIS)...
Still time to register for Private Sector Summit on Florida property insurance market
Jul 26 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of the property insurance law (HB 1A) that contains new mandates. How to...
Industry Still Divided as House Federal Charter Measure Reintroduced
Jul 25 2007 // U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over...
Consumer, Civil Rights Groups: FTC Credit Score Report is Biased
Jul 24 2007 // Representatives of consumer and civil rights organizations have condemned a congressionally-mandated report on insurance credit scoring by the Federal Trade Commission (FTC) as biased insurance industry propaganda....
Reeling in the new recruits
Jul 23 2007 // The surplus lines market is not unlike any other segment of the industry. Recruiting and hiring talented young professionals is a top priority. But attracting young college graduates to a small, yet important segment of...
P/C industry net income, overall profitability slips
Jul 23 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
Insurers refute Fla. Gov. Crist’s ‘broken promises’
Jul 23 2007 // Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates. In the July 3, 2007, edition of the South Florida...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
People
Jul 23 2007 // Richard S. “Dick” Gieger, general counsel of the law firm of Thompson, Coe, Cousins and Irons, was presented the Raymond Mauk Leadership Award on July 12 in Austin, Texas, at the 15th Annual Mid-Year Property...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
Nevada consumers puzzle over using credit history
Jul 23 2007 // As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of...
News Currents
Jul 23 2007 // P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and...
Reeling in the new recruits
Jul 23 2007 // The surplus lines market is not unlike any other segment of the industry. Recruiting and hiring talented young professionals is a top priority. But attracting young college graduates to a small, yet important segment of...
RAA Releases 2006 Statistical Report on Offshore Reinsurance in the U.S.
Jul 18 2007 // In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore...
