Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
A.M. Best: Domestic Captives Industry Stable; Leverage Remains A Concern
Aug 9 2005 // Trends in premium volume, loss reserves and admitted assets show that the captive insurance industry has reached a level of stability as it absorbs the benefits of the recent hard market while coping with legacy issues...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
New Missouri Commissioner Brings Agent Experience to the Job
Aug 8 2005 // How W. Dale Finke Was Selected a Matter of Controversy Dale Finke doesn’t see what all the fuss is about. When Missouri’s Republican Gov. Matt Blunt nominated Finke to be the state’s insurance director...
How to Plan an Insurance Industry Golf Event
Aug 8 2005 // The job description of property/casualty agents and brokers can on occasion include “golf event planner.” Typically insurance professionals turn to event experts, but sometimes budgets and time don’t...
New Missouri Commissioner Brings Agent Experience to the Job
Aug 8 2005 // Interviewed by Kevin B. O’Reilly Dale Finke doesn’t see what all the fuss is about. When Missouri’s Republican Gov. Matt Blunt nominated Finke to be the state’s insurance director back in February,...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
AMEX Enters N.J. Auto Insurance Market Via Internet Sales
Aug 1 2005 // AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is...
Catastrophic Recovery – Insurance for Insurance
Jul 28 2005 // “Given the opportunity, insurers can recognize a good insurance policy when they see one, especially when it is for their own protection.” Warner Robins, GA – In many instances, risk and liability, when...
Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model
Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...
Australian Insurers Adopt New Practice Code, Raising Consumer Expectations
Jul 25 2005 // A recently-launched new Code of Practice for the Australian insurance industry will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in specific...
Fla. Commissioner McCarty Issues Statement Backing TRIA’s Renewal
Jul 22 2005 // The removal of the Terrorism Risk Insurance Act, set to expire Dec. 31, could return the insurance market to the uncertainty of the aftermath of Sept. 11, 2001, according to Florida Insurance Commissioner Kevin...
Conning Forecasts Strong PC Insurance Results Through 2007
Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc. “Our latest projections indicate a slightly better...
OAHU Applauds Department of Insurance’s High Risk Pool Study
Jul 19 2005 // The Ohio Association of Health Underwriters (OAHU) announced that efforts to establish a High Risk Pool in Ohio have been supported by a study recently released by the Ohio Department of Insurance (ODI). A High Risk Pool...
Report: Insurance Probe Cooperation Between Feds and Spitzer Fizzles
Jul 19 2005 // Federal securities and justice department officials and lawyers from the office of New York Attorney General Eliot Spitzer, who are pursuing parallel investigations of the insurance industry, have made separate deals with...
Research and Markets Reports UK Market to Grow Between 3.3% – 3.7% Through 2009
Jul 19 2005 // Research and Markets (http://www.researchandmarkets.com/reports/c21046) has announced the addition of Insurance Industry Market Review 2005 to their offering. This market review examines the UK insurance market and the...
Success Stories Abound at ICT’s Mid Year Symposium
Jul 19 2005 // Speakers at the Insurance Council of Texas’ 2005 Mid Year Property and Casualty Symposium had good news to tell about both the property and casualty industry and the 2005 regular session of the Texas Legislature. The...
Eight Cars Get Top Ratings in Insurance Industry Crash Tests
Jul 18 2005 // Five large family passenger cars and three large luxury models have earned top ratings in frontal crash tests by the insurance industry. The highest ratings in the tests went to 2005 family vehicles such as the Buick...
Working With Your E&S Wholesaler: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus-lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
By George Rothert
Jul 18 2005 // Working With E&S Wholesalers: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a...
Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the
Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....
