Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
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...
To submit a People and Places announcement, e-mail ptom@insurance journal.com
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...
