Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
According to Study, Insurers Continue to Price-Gouge Doctors Despite Falling Med-Mal Payouts
Oct 12 2004 // With the issue of medical malpractice and “tort reform” becoming an increasingly discussed topic this election year, Americans for Insurance Reform (AIR) announced the release of a new study of medical...
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
IICF CEO Chin Retires After 10 Years of Service to the Industry, Community
Oct 11 2004 // After devoting heart and soul to the Insurance Industry Charitable Fund (IICF) for 10 years, CEO Karen Chin officially retired on Oct. 1. The Walnut Creek, Calif.-based organization allows people in the insurance industry...
Progressive Hopes to Drive Market Share Its Way with New Agency Brand
Oct 11 2004 // Progressive Insurance Co.’s move to re-brand its independent agency segment is being met with good reviews from outside financial analysts and branding experts, but mixed reviews from the independent agents who are...
Progressive’s New Branding Effort Hopes to ‘Drive’ Market Share
Oct 11 2004 // Progressive Insurance Co.’s move to re–brand its independent agency segment is being met with good reviews from outside financial analysts and branding experts, but mixed reviews from the independent agents who...
Progressive Hopes to Drive Market Share Its Way
Oct 11 2004 // Progressive Insurance Co.’s move to re-brand its independent agency segment is being met with good reviews from outside financial analysts and branding experts, but reviews from independent agents at the center of...
Insurance Industry Meets Challenge As Hurricanes Tear Through Southeast
Oct 11 2004 // National and state insurance industry associations reacted speedily as hurricanes Charley, Ivan, Frances and Jeanne tore through the southeast — all four landing in Florida and continuing on to devastate states as...
Dusk Delayed as House Takes First Step Toward Extending TRIA’s Sunset
Oct 11 2004 // Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the...
Progressive Hopes to Drive Market Share With Independent Agency Brand
Oct 11 2004 // Progressive Insurance Co.’s move to re-brand its independent agency segment is being met with good reviews from outside financial analysts and branding experts, but mixed reviews from the independent agents who are...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
CEOs Praise Hudson Valley N.Y. Market
Oct 10 2004 // The Professional Insurance Agents of New York State Inc. celebrated its second annual Hudson Valley Regional Awareness Program recently as about 250 insurance professionals attended the conference in Suffern, N.Y. During...
PCI: Connecticut Needs to Make Common Sense Reforms to Medical Liability System
Oct 5 2004 // Connecticut urgently needs to make common-sense reforms to its medical liability system in order to preserve patients’ legal rights while protecting affordable patient care and enhancing the stability of the...
I.I.I.’s Stewart to Speak at Industry Charity Events
Oct 5 2004 // Gordon Stewart, president of the Insurance Information Institute will serve as the keynote speaker at the upcoming Insurance Industry Charitable Foundation’s (IICF) Bridge Week Luncheons. His topic, “Us &...
U.K. Insurance and Financial Services Conference Focused on Industry Image
Oct 4 2004 // The U.K.’s annual Insurance and Financial Services Conference, sponsored by the Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA), got underway Wednesday, Sept. 29. The...
R&M Releases International Reinsurance Review
Sep 28 2004 // Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues...
R&M Report Tracks Global Motor Insurance Industry
Sep 27 2004 // Dublin-based Research and Markets announced the addition to their researche offerings of the Motor [Automobile] Insurance: Global Industry Guide . “The Motor Insurance Global Industry Guide is an essential resource...
A Hurricane Season of Discontent; Lessons Learned in 2004
Sep 22 2004 // Prior to 2004, Florida had gone for five years without a significant hurricane. So it is of little surprise that the onslaught of this year’s three major hurricanes has caught all of us in the insurance industry a...
Best Reports P/C Insurers “Post Solid Results;” $9 Billion Profit for 1st Half of 2004
Sep 21 2004 // According to a new special report from A.M. Best Co., the U.S. P/C industry recorded an underwriting profit of nearly $9 billion during the first six months of 2004, a substantial gain from the comparable period of...
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines Industry By End of 2003
Sep 21 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62...
Thermography: Claims Adjudication’s Science of the Future
Sep 20 2004 // Millions of dollars worth of building defect litigation is going on today, and water intrusion, which often causes mold to grow, is one of the major issues. Infrared (IR) thermography, the non-destructive diagnostic...
