Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Breeding the next generation through internships
Oct 9 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Soft Market, Globalization Spurs Need for Well-Educated D&O Underwriter
Oct 6 2006 // “Today it’s a tough time to be a director and officer, and that means it’s a tough time to be a D&O underwriter,” according to Doug Poetzsch, senior vice president, head of specialty claims for...
Treasury Report on Terrorism Insurance Says Backstop Negatively Affects Private Capacity
Oct 3 2006 // A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. The President’s Working Group on...
P/C Insurers’ Profitability Drops in First-Half of 2006
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Benfield Report Sees Major Changes, Rapid Growth in Chinese Market
Sep 30 2006 // A new report by international reinsurance broker and risk intermediary Benfield, entitled “China Insurance Market Review: Major changes, rapid growth,” examines the changes that have taken place in in the...
Industry to Congress: Permanent Solution to Terrorism Insurance Vital
Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...
Insurers Reject Notion of TRIA Renewal for Nuclear-Biological Terrorism Risk Only
Sep 26 2006 // A new federal government report concludes that a totally private market solution to insuring against certain terrorist attacks is unlikely in the near future. The report covers the risk of nuclear, biological, chemical or...
The Commissioners
Sep 25 2006 // Hawaii:Perfectly poised for insurers in the Pacific Rim Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the...
Steven M. Goldman, New Jersey, Commissioner of Banking and Insurance
Sep 25 2006 // Steven M. Goldman was sworn in as Commissioner of the New Jersey Department of Banking and Insurance on March 20, 2006, after the Senate Judiciary Committee and full Senate unanimously approved his appointment. Prior to...
Construction Industry and the Latino Workforce
Sep 25 2006 // In the next 10 years, the construction business will need to fill more than 180,000 jobs. As the rush to fill these positions advances, workers’ compensation professionals will be challenged along with the...
Commentary: Newton’s Third Law
Sep 25 2006 // Sir Isaac Newton’s third law of motion — “For every action, there is an equal and opposite reaction” — wouldn’t appear to have much to do with the insurance industry. If the Street...
Make insurance, risk management appeal to college grads: ‘Smash the Myth’
Sep 25 2006 // One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the...
Make insurance, risk management appeal to college grads: ‘Smash the Myth’
Sep 25 2006 // One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the...
Post-storm season forecast
Sep 25 2006 // With lots of luck, the second half of the 2006 hurricane season will be as uneventful for most East Coast residents and businesses — and insurers — as the first half has been. Not that the first half...
Editor’s Note: Post-storm season forecast
Sep 25 2006 // If the immediate hurricane trend does continue, there may be another storm that the insurance industry will have to weather: a political storm. With lots of luck, the second half of the 2006 hurricane season will be as...
J.P. Schmidt, Hawaii, Insurance Commissioner
Sep 25 2006 // Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already has...
!Cuidado! Construction Industry and the Latino Workforce
Sep 25 2006 // In the next 10 years, the construction business will need to fill more than 180,000 jobs. As the rush to fill these positions advances, workers’ compensation professionals will be challenged along with the...
Best Affirms Toa Re ‘A+’ Ratings
Sep 19 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Japan’s Toa Reinsurance Company, Limited; however, the rating outlook is...
Surplus Lines Premium Volume Shows Little Growth
Sep 19 2006 // Direct premium volume for the surplus lines insurance market remained relatively flat in 2005 as it did in 2004, after growing significantly during the three prior calendar years. The significant growth had been a...
