Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Washington All Industry Day: Associations Discuss Broker Disclosure
Feb 21 2005 // Broker disclosure, medical malpractice reform and credit scoring dominated the discussions at the Washington All Insurance Industry Day at the Capital held Feb. 10. Over 170 independent agents gathered to learn about...
ProBuilders Enters N.E. Contractors’ Insurance Market
Feb 17 2005 // ProBuilders Specialty, a risk retention group managed by NationsBuilders Insurance Services, has entered a number of the New England states to offer contractors’ general liability coverage. The program will be...
ChoicePoint: ‘Insurance Industry Databases Were Not Compromised’
Feb 17 2005 // ChoicePoint’s Clue Auto, Clue Property and Current Carrier insurance industry databases were not in any way involved or compromised by the fraud ring that obtained data from other ChoicePoint databases of public...
PIA Legislative Day: Major Issues Discussed, Legislators Urge Agents ‘Become More Active’
Feb 15 2005 // Medicaid reform, changing term limits and ethics will be three major issues of concern to the Florida Legislature during upcoming meetings and through 2006 according to Ron Villela, Professional Insurance Agents of Florida...
Insurance Industry, Republicans See Big Win in Senate Bipartisan Approval of Class Action Reform
Feb 11 2005 // The U.S. Senate rejected what could have been damaging amendments and approved by a vote of 72-26 historic changes to the way class action lawsuits are handled. The vote almost assures enactment since the Senate measure,...
IICF Hosts First Annual Club100 Private Party Feb. 26
Feb 10 2005 // The Insurance Industry Charitable Foundation Inc. will be hosting it’s very first annual Southern California Club100 Private Party on Saturday, Feb. 26, at the Napa Rose inside Disney’s Grand Californian Hotel...
Tillinghast Study: Insurers Welcome ERM Globally, but it Remains a Work in Progress
Feb 8 2005 // Insurers around the globe are making progress – quickly in some areas – with using an integrated risk and capital management approach to drive business decisions, according to the third biennial survey of risk...
Commercial Insurance Posts Full Year in Soft Market, Reports RIMS Benchmark Survey
Feb 7 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
Foxes Watching the Hen-House
Feb 7 2005 // Four months before the hurricane season, storm clouds are forming due to insurance reform measures suggested by Sen. Ron Klein, D-Boca Raton. Klein told South Florida television stations and newspapers it’s essential...
Rep. Davis Voices Concerns Over Industry’s Weakness in Fla.
Feb 4 2005 // While describing himself as a novice on insurance industry topics, Rep. Jim Davis, D-Tampa, summarized the current state of the industry in Florida during a Friday morning presentation to the Windstorm Insurance Network...
Fla, Committee to Discuss Revamping Homeowner’s Insurance Market
Feb 2 2005 // Florida’s Joint Select Committee on Hurricane Insurance meets in Tallahassee on Friday to discuss ways to revamp the homeowner’s insurance market. At the meeting the legislators will hear from consumer...
Trade Ministers to Seek Doha Accord; Agreement Could Bolster International Insurance Market
Jan 31 2005 // Although the world’s developed and developing nations still appear to be far apart on concluding new agreements on international trade, they’ve at least agreed to make a new attempt to do so. The so-called Doha...
Feb. 1-4 Windstorm Conference Agenda: Hurricane Lessons, Preparing for Summer
Jan 27 2005 // The four major hurricanes that severely impacted Florida and other states and preparing for the 2005 hurricane season will be discussed by Max Mayfield, director of the National Hurricane Center, during the Feb. 1 to 4...
Mich. Insurers Say Consumers Lose in Gov. Granholm’s Tax Plan
Jan 27 2005 // A proposal to more than double the tax burden on the state’s insurance industry announced by Governor Jennifer Granholm today will result in higher premiums for the insurance-buying consumer, the Insurance Institute...
Survey: Investigations into Industry Practices to Expand in 2005
Jan 24 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
Is it Time to Sell the Agency’ Three Factors to Help You Decide …
Jan 24 2005 // Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at...
Are We Repeating the Past — Again’
Jan 24 2005 // I fear we are entering a period of cyclical amnesia. We are once again setting aside underwriting discipline. Recent market forecasts are projecting deteriorating terms and conditions. In a collection of works titled...
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises
Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...
Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises
Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...
