Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
P&C Insurers Call for Compensation Disclosure
Nov 16 2004 // In testimony today before a Senate subcommittee, Property Casualty Insurers Association of America President and CEO Ernie Csiszar urged public policy makers to give careful consideration to efforts that make insurance...
Spitzer Sues Universal Life Resources over Broker Pay
Nov 15 2004 // A California-based company that brokers life, accident and disability policies for leading U.S. companies pocketed millions of dollars a year in hidden payments from insurers and from charges on clients’ unsuspecting...
Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today
Nov 12 2004 // On November 12, 2004, insurance industry representatives will unveil what they say is a plan to demonstrate the industry’s commitment to ensuring that Ontario consumers enjoy the highest level of transparency and...
Canadian Insurance Industry Announces Disclosure Plan
Nov 12 2004 // The Insurance Bureau of Canada today revealed details of a plan to provide enhanced clarity and access to information in insurance sales and service. Components of the plan include a Code of Consumer Rights and...
Dallas to Host National Town Hall Meeting – ‘Connecting the Global Economy Through Insurance’
Nov 9 2004 // The Dallas All Industry Day event for 2004, sponsored by state and local insurance organizations, will focus on national and global economic issues and its infrastructure, the insurance industry. Entitled “Connecting...
Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform
Nov 8 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of...
The October Surprise
Nov 8 2004 // In a not-so-far-away land not too long ago, insurance professionals were decrying the actions of high ranking officers of companies like Enron, WorldCom, Tyco, etc., for their challenged ethics, their “I’m on...
Looking at the Med-Mal Crisis from Both Sides
Nov 8 2004 // Insurance Journal National Editor Andrea Ortega-Wells recently moderated a “Take Two” debate discussing the hot topic of medical malpractice, and what, if any, reforms are needed. The debate features Paula...
Legislative watchdogs put a fresh spin on traditional lobbying techniques
Nov 8 2004 // Lobbying has been around for as long as any single profession has been around, but it has changed. It isn’t what it used to be,” said John Norwood, managing partner of Norwood & Mattoch, one of...
IICF Bridge Week Celebration: A Look at the Public and the Industry
Nov 8 2004 // The nearest way to come at glory is to do for conscience what you would do for glory,” said Gordon Stewart, president of the Insurance Information Institute (III), at the Insurance Industry Charitable...
R.I. Official Plans Bill Banning ‘Incentive Fees’
Nov 5 2004 // In the wake of the ongoing insurance brokerage probe involving bid rigging and incentive payments, Rhode Island Secretary of State Matt Brown is proposing legislation to prohibit insurance industry “incentive...
MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market
Nov 4 2004 // According to Richard Kerr, chairman and CEO of MarketScout, an online insurance exchange with more than 50,000 users, the October 2004 composite rate for U.S. property and casualty insurance is 2%, down from 12% in October...
Republican Candidates Win ‘Big Time’ in Insurance Industry Political Giving in Federal Races
Nov 2 2004 // The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to...
Ethics Called Bottom Line Issue for Entire Insurance Industry
Oct 29 2004 // The current investigations of the insurance industry emphasize the need for stricter adherence to ethical market conduct standards, Brian Atchinson, executive director of the Insurance Marketplace Standards Association...
London’s Muted Reaction to Spitzer Investigations
Oct 28 2004 // The London market in general and Lloyd’s in particular has not been overly verbose in commenting on New York State Attorney General Eliot Spitzer’s ongoing investigation of the insurance industry. Apart from a...
Delehoy Joins Insurance Industry Charitable Fund
Oct 28 2004 // Moraga, Calif.-based Insurance Industry Charitable Fund announced the addition of Bonnie Delehoy as vice president of development and partner relations. In this new full-time position, Delehoy will be responsible for...
CPCU Society Board of Governors Issues Ethics Policy Statement During Meeting
Oct 26 2004 // The Chartered Property and Casualty Underwriters Society (CPCU Society) Board of Governors voted unanimously to publicly denounce all practices or systems that violate its code of ethics. In a policy statement issued...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Professional Liability in the Medical Arena
Oct 25 2004 // Whether a patient, a health care provider or an insurer, everyone seems to be aware of what is going on in the medical world these days. There is general agreement that health care costs are rising, more people are going...
How Green Is N.Y.’s Hudson Valley’ ‘Very Green,’ Say Insurers
Oct 25 2004 // From West Point to Woodstock and Roosevelt to Rockefeller, New York’s Hudson River Valley is rich in history, events, and natural beauty. This 150-mile territory from Nyack to Albany is also an increasingly vibrant...
