Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...
Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
Riding out soft and hard market cycles with quality relationships
Jul 24 2006 // Having quality relationships with clients takes commitment and discipline, but it pays off in reliability and client retention. Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance...
N.J. auto restrictions: a troubling turn
Jul 24 2006 // You don’t need to conduct any kind of sophisticated market research in order to understand the effects of New Jersey’s 2003 auto insurance reform law. Just drive down the New Jersey Turnpike, where you...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
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...
Oregon Activitst Tries to Prohibit Insurers from Raising Rates
Jul 18 2006 // Sidelined for the past four years because of legal troubles brought on by a racketeering lawsuit, Oregon’s most prolific initiative author — Bill Sizemore — is getting back into the fight. Sizemore is...
La. Authority May Go After Insurance Claims of ‘Road Home’ Participants
Jul 17 2006 // Louisiana’s program to help storm-damaged homeowners rebuild or relocate may take over insurance claims and sue for additional insurance payments on behalf of recipients, a top official with the Louisiana Recovery...
Acquisition Broadens Ebix’s Insurance Market Presence
Jul 14 2006 // Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and...
Sen. Smith Unveils ‘Comprehensive Plan’ to Fix Florida’s Insurance Woes
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
III”s Stewart to Retire; Hartwig to Succeed
Jul 11 2006 // Gordon Stewart will retire December 31, 2006 from the Insurance Information Institute after 15 years as president of the organization. Dr. Robert P. Hartwig, senior vice president and chief economist of the I.I.I., was...
Insurer Group Supports State Regulation at Senate Hearing
Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...
Storms Prove Costly for Insurance Industry, Wis. Company Says
Jul 10 2006 // While storms such as Hurricane Katrina grab the headlines, a string of smaller storms over the past few years has been taking a toll on insurance companies, industry officials said. Storm claim losses have been running...
California Connects Workers to Insurance Careers
Jul 7 2006 // A coalition of insurance companies, community colleges and workforce development specialists have started a statewide insurance education program, called the California Insurance Careers Program, aimed at preparing...
The Insurance Scholarship Foundation of America Announces the 2006-2007 Board of Directors and Officers.
Jul 6 2006 // Susanne N. Wolfe, CPIW of Arthur J. Gallagher & Co. – Greenville Is Named Chairman Cornelius, NC – The NAIW Education Foundation d.b.a. Insurance Scholarship Foundation of America elected their Board of...
Stock Option Timing Scandal to be Felt in D&O Insurance
Jul 5 2006 // If investors think they’re safe from the scandal involving the suspicious timing of executive stock option grants, they may want to consider this: Even if they aren’t invested in companies caught up in that...
GMAC/ABA Seguros enters Mexico Tourist Auto Insurance Market
Jul 5 2006 // Flagstaff, Arizona – As the premium volume for Mexico tourist insurance continues to boom, fueled by an increase in the Hispanic market and escalating tourism to Mexico, another well-respected insurer has entered the...
Standard & Poor’s Annual Insurance Conference
Jul 4 2006 // Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can remember we have a period where none of the sectors that we...
