Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Things that should keep you awake at night
Jun 19 2006 // The integration of the U.S. insurance market and global financial market will have a profound impact on business, according to Dave Zwiener, president and chief operating officer of Property and Casualty Operations for The...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
N.H. Gov. Lynch to Sign Premium Tax Cut Legislation
Jun 12 2006 // New Hampshire Gov. John Lynch is “inclined” to sign a measure cutting the state’s insurance premium tax in half, according to his communications director. Pamela Walsh told Insurance Journal the governor...
Lieutenant Governor to Return $150,000 from Insurance Industry
Jun 5 2006 // Lt. Gov. Cruz Bustamante, a Democratic candidate for state insurance commissioner, said he would return $150,000 in campaign donations from insurance companies. The decision will cut deeply into Bustamante’s campaign...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
Hartwig predicts profitable 2006, sees premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
Insurance industry lags behind in technology but consumers can help
Jun 5 2006 // Brokers work in the trenches — acquiring clients, searching for the right coverage, writing policies and getting compensated. It is technology that makes their jobs easier and it should be welcomed. Better efficiency...
Big ‘I’ Bob Rusbuldt is on the job
Jun 5 2006 // Rusbuldt, chief executive officer of the Independent Insurance Agents and Brokers of America, needs no introduction to independent agents, insurance company executives or the power brokers in Washington, D.C., before whom...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
People
Jun 5 2006 // Boston-based insurance broker William Gallagher Associates has promoted Mary McMahon-Burke, Brian Kelleher and Diane Bradley to vice president. McMahon-Burke has 25 years experience in the insurance industry, and provides...
Legal and effective incentive compensation still under fire
Jun 5 2006 // There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually...
Risk managers report cost of risk down in 2005
Jun 5 2006 // The commercial insurance industry remained a buyers’ market in 2005, and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
June 5 Funeral Services in Miami, Fla. for Phil C. Gallagher, 79
Jun 2 2006 // Phil C. Gallagher, a long-time Florida insurance agent, litigation consultant and expert witness passed away peacefully in Miami June 1. Gallagher, 79, was surrounded by his family at the time of his death. Phil was a...
A.M. Best: A ‘Mega-Cat’ Hurricane Would Be Fatal to Some Insurers
Jun 1 2006 // A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and...
White Paper Voices Concern About Property Insurance Market’s Status
May 26 2006 // The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire...
Survey: Risk Managers Report Cost of Risk Down in 2005
May 25 2006 // The commercial insurance industry remained a buyers’ market in 2005, and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society...
