Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
ILLINOIS
Nov 20 2005 // Lawmakers Pass Kids’ Health Plan: The Illinois House passed H.B. 806, Gov. Rod Blagojevich’s “All Kids” health insurance program on a 79-28 vote, following Senate approval on a 32-23 vote. The...
Editor’s Note: Perception or Reality?
Nov 20 2005 // An interesting news release recently slipped into my e-mail box; it concerned the public’s perception of the insurance industry in the wake of Hurricane Katrina. The market research company, Ipsos Public Affairs, was...
News Briefs
Nov 20 2005 // FloridaFAIA Likes Due-Diligence Decision The Florida Association of Insu-rance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeals in a case involving an insurance agent who...
News Briefs
Nov 20 2005 // California Governor’s Measures Defeated in Special Election California’s special election battle, the costliest campaign in the state’s history, roared to a close in November, much to the chagrin of Gov....
Editor’s Note: Is the image insurance industry forever tainted in the public’s eyes?
Nov 20 2005 // Ipsos Public Affairs, a market research company, recently conducted an online survey of the public’s perception of the insurance industry in the wake of hurricane Katrina. While the 1,000 adults who responded hardly...
Competition Increases in Commercial Auto, But Not Too Much-Yet
Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
James Discusses Challenges Facing Lloyd’s at Xchanging Conference
Nov 18 2005 // In a speech on Nov. 17, given at a conference sponsored by insurance service provider Xchanging, Julian James, Lloyd’s Director of world-wide markets, stressed that the London market faced continuing challenges in...
Best Affirms Toa Re (Japan) Ratings; Downgrades U.S. Sub ICR
Nov 17 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the “aa-” issuer credit rating (ICR) of Japan’s Toa Reinsurance Company, Limited (Toa...
U.S. Needs National Catastrophe Insurance Program, Insurance Commissioners Say
Nov 16 2005 // Insurance Commissioners from California, Florida, Illinois and New York began laying the groundwork Tuesday for what they hope will turn into a national catastrophe insurance program that would cover all Americans. Hosting...
S&P Report Indicates French Insurance Market Remains Stable
Nov 15 2005 // Standard & Poor’s Ratings Services has issued a report – “Insurance Industry Risk Analysis: France (Republic of),” which indicates that the rating agency is “maintaining its stable...
French Insurers Plan Rapid Processing of Riot Related Claims
Nov 11 2005 // Spokesmen for France’s insurance industry have indicated that it will speed up claims processing in order to pay for damages to vehicles and property resulting from the urban violence that has rocked France for over...
Fla. CFO Gallagher Supports Tax-Deferred CAT Fund Reserves; Suggests Reinsurance Rate Study
Nov 8 2005 // Legislation in Congress to pass U.S. Rep. Mark Foley’s proposal to allow the accumulation of tax-deferred catastrophic reserves by insurers, and a study on how to add programs to the Florida Hurricane Catastrophe...
CPCU Society Annual Meeting Attendees Gain Insight at Hurricane Katrina Seminar
Nov 8 2005 // More than 130 chartered property casualty underwriters and their guests at the recent CPCU Society Annual Meeting and Seminars attended an exclusive seminar, “Hurricane Katrina: Lessons Learned.” The...
National Newsbriefs
Nov 7 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Perception or Reality?
Nov 7 2005 // An interesting news release recently slipped into my e-mail box; it concerned the public’s perception of the insurance industry in the wake of Hurricane Katrina. The market research company, Ipsos Public Affairs, was...
A Little Polish
Nov 7 2005 // In the aftermath of the Spitzer investigations, it’s understandable why the insurance industry might feel battered and bruised. Some state insurance departments are considering new disclosure regulations, and...
CA Insurers Turn Out in Record Number to Help Nonprofits
Nov 7 2005 // An unprecedented number of California insurance industry professionals volunteered their time to charitable projects for the Insurance Industry Charitable Foundation’s recent 8th Annual Volunteer Week. The 2005...
People
Nov 6 2005 // Jim Shevlin has been named assistant vice president and regional business development manager for ACE USA’s Southeast Region. ACE USA is headquartered in Philadelphia, Pa. Based in Atlanta, Shevlin will manage...
News Briefs
Nov 6 2005 // Arkansas 2006 Comp Rates Released The Arkansas Workers’ Compens-ation Commission released its revised Advisory 2000-1, which describes the maximum and minimum rates to be paid to employees who suffer job-related...
Editor’s Note: Perception or Reality?
Nov 6 2005 // An interesting news release recently slipped into my e-mail box; it concerned the public’s perception of the insurance industry in the wake of Hurricane Katrina. The market research company, Ipsos Public Affairs, was...
