Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 12 2007 // Despite slow-down, industry still anticipates underwriting profits Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 12 2007 // >Study says industry could suffer from a $100 million loss The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual...
Lloyd’s climbs on the climate change bandwagon
Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Howard Mills, New York, Insurance Commissioner
Feb 11 2007 // Howard Mills, formerly an elected state representative, served the State of New York as its appointed insurance superintendent for the last two years. He stepped in to fill the shoes of Greg Serio when he departed and...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 11 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
News Currents
Feb 11 2007 // Calif. commissioner to examine broker disclosure, workers’ comp issues California Insurance Commissioner Steve Poizner may have three major priorities for his office — to make his office non-partisan, to fight...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 11 2007 // News Currents Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals...
Nebraska – L. Tim Wagner
Feb 11 2007 // Insurance Commissioner L. Tim Wagner has spent close to 40 years in the insurance industry, the last nine as the appointed Nebraska regulator. He takes his role seriously and believes the insurance industry has a real...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 11 2007 // The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual Earthquake Study.” It is likely that if an earthquake of...
Lloyd’s climbs on the climate change bandwagon
Feb 11 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Study Shows Doubling of Insurance Industry Growth in Iowa
Feb 8 2007 // Employment in the state’s insurance industry doubled during a 15-year period ending in 2005, with workers in the industry making far more than other nonfarm employees, a new study found. The study, by Iowa State...
Competition to Recognize “Best of the Best” in Insurance Marketing
Feb 7 2007 // The Insurance Marketing Communications Association (IMCA) is gearing up for its 49th IMCA Showcase Awards; a competition to recognize outstanding marketing communications in the insurance industry. The 2007 competition...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
Clark Steps Down as President and CEO of AIR Worldwide
Feb 1 2007 // AIR Worldwide announced that Karen Clark, its current president and CEO, will assume the role of vice chairman of the board of AIR, effective April 15, 2007. S. Ming Lee, currently the company’s executive vice...
Mercator Advises Risk Managers to Prepare for World Without TRIEA
Jan 31 2007 // With the Terrorism Risk Insurance Extension Act (TRIEA) set to expire in December 2007, experts are speculating whether Congress will renew TRIEA as is, scale back its provisions or scrap it altogether. This widespread...
Corporate Governance, Capital Drive D&O Liability Prices Down
Jan 30 2007 // Changing corporate governance practices and excess capital in the insurance market have made directors and officers (D&O) liability premiums drop in recent years, according to Advisen Ltd., a provider of analytics,...
There’s a lot insurers do not like in Florida’s property insurance fix
Jan 29 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
Industry leaders debate federal vs. state regulation with Democratic Congress shift
Jan 29 2007 // The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS and MSNBC, who...
