Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report
May 22 2006 // Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society...
London Insurance Market
May 22 2006 // House of Lords asbestos decision limits damage liability The U.K.’s House of Lords handed down judgments on May 3 in three major cases involving employers and their insurers’ liability for damages to workers...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
SullivanCurtisMonroe CEO says growth, profit and fun equal success
May 22 2006 // Best Practices is a new Insurance Journal column that profiles how some of the nation’s top performing agencies run their operations. IJ’s Publisher Mark Wells recently interviewed William Curtis, managing...
Post Spitzer, merger activity picking up, says Mystic Capital
May 22 2006 // Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue,...
Blackmail allegations heat up California auto reforms debate
May 22 2006 // In public issue campaigns, it is normal to alert someone who runs a department that is going to be a target of campaign. That is how business is done,and it happens on a regular basis. John Garamendi has called for an...
Conning Research: M&A Activity May Ramp Up in 2006-2007
May 16 2006 // Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to a new study by Conning Research and...
Citizens Property Insurance Increases Upset Policyholders in Florida
May 15 2006 // Marci L. Rose’s home and rental properties in Key West, Fla. escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the real estate...
2005 Workers’ Comp Stats Positive, But Expert Advises Caution
May 12 2006 // Singer Bob Dylan’s song, “The Times, They Are a Changin’,” was cited as a cautionary reminder by Steve Klingel, NCCI Holdings Inc.’s president and CEO, as he gave a positive report on 2005...
California Commissioner Seeks Investigation into “Attempted Blackmail” by Insurance Industry
May 10 2006 // California Insurance Commissioner John Garamendi has asked the Federal Bureau of Investigation, U.S. Attorney’s Office, and the Attorney General of California to investigate the insurance industry’s latest...
Post Spitzer, Merger Activity Picking Up, Says Mystic Capital
May 9 2006 // Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management...
California Commissioner Claims Insurance Industry Attempted Blackmail to Derail Auto Rate Regulations
May 9 2006 // California Insurance Commissioner John Garamendi is claiming that he has unveiled an attack campaign by the insurance industry against his efforts to reward good drivers and create a fairer system for the pricing of auto...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Checking-in on hospitality coverage
May 8 2006 // As an agent or broker serving the hospitality market, you’ve enjoyed many coverage options at lower premiums in the last few years. In fact, you’re probably still delivering good news to your clients about...
N.Y. Supt. Mills Urges Tax-Deferred Catastrophe Reserves for Insurers
May 4 2006 // The country may not need a natural catastrophe backup fund like it has for terrorism exposures, provided government allows insurers to create catastrophe reserves on a tax-deferred basis, according to New York’...
Insurance Industry Charitable Foundation Hosts Networking, Educational Program
May 3 2006 // The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., will present a networking and educational program on Thursday, May 11 at the Richard Nixon Library in Yorba Linda, Calif. Reception begins at 4...
California Legislation Aims to Assure Competitive Reinsurance Market
Apr 26 2006 // California’s Assembly Insurance Committee will be hearing a bill today co-sponsored by the Association of California Insurance Companies (ACIC) that is designed to assure a competitive reinsurance market in the...
Insurance Industry Charitable Foundation Hosts Networking and Educational Program/Benefit
Apr 20 2006 // The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., will present a networking and educational program on Thursday, May 11 at the Richard Nixon Library in Yorba Linda, Calif., with the proceeds...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
