Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Editor’s Note: A Little Polish
Nov 6 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...
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Nov 6 2005 // ACE USA announced two appointments in its ACE Casualty Risk Unit. William Hazelton has joined as senior vice president and underwriting manager for ACE Environ-mental Risk, and Mitchell Schmidt is now senior vice president...
CA Insurers Turn Out in Record Number to Help Nonprofits
Nov 6 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...
News Briefs
Nov 6 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...
News Briefs
Nov 6 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...
Conning: Despite Storms and Competition, P&C Outlook is Good
Nov 3 2005 // Property casualty insurance industry results should be relatively strong from 2005 through 2007, despite 2005’s hurricane activity and an increasingly competitive market, according to a new report by Conning Research...
N.Y. Hopeful Spitzer Stresses Strong Enforcement as Good for Businsess
Oct 31 2005 // New York Attorney General Eliot Spitzer, who is running for Governor in his home state, has painted his critics as defenders of corrupt practices and not true champions of free enterprise. He also has sought to refute the...
Insurance Industry Scores Win
Oct 31 2005 // United Industry Effort Results in CDI Deletion of Contentious Proposed Regulation Language Rancho Cordova…The Western Insurance Agents Association commended the recent action by the California Department of Insurance...
Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market
Oct 26 2005 // Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion),...
Study Finds Only 18% of Americans Approve of Insurance Industry’s Job Post-Hurricane Katrina
Oct 26 2005 // In the wake of Hurricane Katrina, an online study of approximately 1,000 U.S. adults conducted by the research group Ipsos Public Affairs shows that while nearly all respondents approve of the job being done by charities...
Pa. Governor Hails Improvements in Med-Mal Insurance Market
Oct 24 2005 // Pennsylvania Governor Edward Rendell said that his state has turned the corner on improving its medical malpractice insurance market thanks in part to recent legislative and court reforms and he urged legislators to...
RIMS Benchmark Survey Reports Major Downturn in Commercial Rates
Oct 20 2005 // Commercial insurance premiums took a sharp downward turn in the third quarter, according to the RIMS Benchmark Survey, an industry survey of current policy renewal prices as reported by corporate risk managers. But some...
Hurricane-Related Insurance Claims Paid Top $1.2B in Miss.
Oct 19 2005 // Mississippi Commissioner of Insurance George Dale reported that insurance companies have paid out approximately $1,266,828,689 billion in claims related to hurricanes in Mississippi so far. Approximately 319,959 claims...
Fla. Insurance Industry Preps for Wilma
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005
Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...
Shush…All’s Quiet on the Privacy Front
Oct 17 2005 // It wasn’t very long ago that ChoicePoint was in the news because the confidentiality of its customer database had been breached. Since then, other firms including Bank of America, Time Warner and Lexis-Nexis have...
Gubernatorial Hopefuls in New York: Spitzer vs. Weld
Oct 17 2005 // Part 2: Spitzer Stresses Enforcement as Key to Fair Competition New York Attorney General Eliot Spitzer has made a name for himself exposing fraudulent and anti-competitive business practices in the securities, mutual fund...
Ex-California Commissioner Low Praises His Successor, Garamendi
Oct 17 2005 // Former California Insurance Commis-sioner Harry Low is singing the praises of John Garamendi, who is both Low’s successor and predecessor as overseer of the state’s insurance industry. In a way, Low’s...
Gubernatorial Hopefuls in New York: Spitzer vs. Weld
Oct 17 2005 // New York Attorney General Eliot Spitzer has made a name for himself exposing fraudulent and anti-competitive business practices in the securities, mutual fund and insurance industries. Now he is running for governor in New...
Editor’s Note:
Oct 17 2005 // It wasn’t very long ago that ChoicePoint was in the news because the confidentiality of its customer database had been breached. Since then, other firms including Bank of America, Time Warner and Lexis-Nexis have...
