Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Insurance Industry Foundation Hosts 9th Annual Volunteer Week
Aug 22 2006 // The Insurance Industry Charitable Foundation is hosting its 9th Annual Volunteer Week from Oct. 14 – 21, 2006, in communities across California. Volunteer Week 2006, sponsored by Enterprise Rent-A-Car, provides...
Trial Attorneys Claim Insurers Putting Profits Over People in Katrina’s Wake
Aug 22 2006 // One year after Hurricane Katrina swept across the Gulf Coast, the Academy of Florida Trial Lawyers (AFTL) and the Association of Trial Lawyers of America (ATLA) are launching a national petition drive calling on insurance...
A Year Later, Insurers Report 95% of Katrina Claims in La. and Miss. Settled
Aug 22 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
Insurers: Trial Bar Short on Facts in Katrina Charges
Aug 22 2006 // Trial attorneys’ charges that the insurance industry is putting profits over people in the handling of claims from Hurricane Katrina are being dismissed by industry trade groups. The Florida Insurance Council (FIC),...
Report Identifies More Than 180 Products to Handle Climate Change
Aug 18 2006 // Dozens of new insurance products are quietly emerging to tackle climate change and fast-rising weather losses – but insurance companies need to do more of the same to minimize losses and make the most of...
Tower Report Urges Industry, Gov’t., Public to Rethink Cat Management
Aug 17 2006 // A new research report from the TowerGroup finds that “without a concerted effort by all parties to support a holistic solution to catastrophe management, the dire predictions of insolvency in the insurance sector and...
Aon Outsources London Market Processing Operations to Xchanging
Aug 14 2006 // In a major step towards bringing electronic processing to the London market, Aon Limited (also known as Aon U.K.), the British division of Aon Corp., and Xchanging, the London-based business processing services company,...
Insurance Industry Charitable Foundation Hosts Golf Tournament
Aug 8 2006 // The Insurance Industry Charitable Foundation will host its annual Insuring the Children Golf Tournament on Monday, October 23 at the Santa Ana Country Club in Orange County, Calif. Registration begins at 10 a.m., and...
A lot can happen in the auto dealers’ insurance market
Aug 7 2006 // Even with a wave of consolidation through the industry, the number of new and used auto dealerships in the U.S. is close to 100,000, meaning most independent agents have multiple dealers in their own backyards. “We...
Congressional hearing held on terrorism and insurance
Aug 7 2006 // Agents, risk managers and insurers press Congress for long-term TRIA solution Two U.S. House subcommittees–the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
A lot can happen in the auto dealers’ insurance market
Aug 7 2006 // Even with a wave of consolidation through the industry, the number of new and used auto dealerships in the U.S. is close to 100,000, meaning most independent agents have multiple dealers in their own backyards. “We...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Congressional hearing held on terrorism and insurance
Aug 7 2006 // News Currents Two U.S. House subcommittees-the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
Best Reports P/C Underwriting Income Up 21% in 1st Quarter
Aug 2 2006 // The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co....
Willis Group Releases July Reinsurance Renewal Review
Jul 27 2006 // Willis Group Holdings has released its reinsurance review of the marketplace for the July 1, 2006 renewals. The report includes commentary from Willis Re experts on key global markets, examining recent trends and an...
Congressional Hearing Meets on ‘Terrorism and the Insurance Market’
Jul 25 2006 // Two U.S. House subcommittees — the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
Riding out soft and hard market cycles with quality relationships
Jul 24 2006 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Editor’s Note: To be, or not be Florida’s governor
Jul 24 2006 // Florida Democratic gubernatorial candidate Rod Smith, of Alachua, Fla., has suggested a four-point plan he believes will fix Florida’s insurance woes. He has to be applauded for publicly acknowledging the...
To be, or not be Florida’s governor
Jul 24 2006 // Florida Democratic gubernatorial candidate Rod Smith, of Alachua, Fla., has suggested a four-point plan he believes will fix Florida’s insurance woes. He has to be applauded for publicly acknowledging the...
