Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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....
By George Rothert
Jul 18 2005 // Working With Your E&S Wholesaler: 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...
The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern
Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the current federal backstop, the Terrorism Risk Insurance Act, which expires...
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
Working With E&S Wholesalers: 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”...
The Industry Goes to School: Universities That Offer Insurance Degrees
Jul 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications...
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
Principles and Politics: The Long and Short of Terrorism Insurance
Jul 18 2005 // The powerful House Committee on Financial Services could have a federal terrorism reinsurance proposal to consider next month although many politicians and observers are skeptical that Congress will actually replace or...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...
