Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Questions of Coverage for Terrorism
May 6 2004 // It seems like almost every day there is a major news story concerning a terrorist act in the Middle East, Europe, or Asia. While the United States has been largely immune to the almost daily attacks of domestic terrorism...
RMS Study Shows Risk From CAT Events for WC, Life, Health Insurers
Apr 29 2004 // Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, released the findings of an in-depth study that provides workers’ compensation, life, and health insurers...
Consumer Study Disputes Need for Renewal of Terrorism Reinsurance
Apr 22 2004 // The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the...
Conning: Bigger Dollars, Fewer Insurance Industry M&As
Apr 21 2004 // Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year,...
Joint Letter from Six Insurance Associations Urges Congressional Leaders to Reauthorize TRIA
Apr 20 2004 // In a joint letter to Michael G. Oxley, (R-Ohio), Chairman of the House Committee on Financial Services, and Richard C. Shelby (R-Ala.), Chairman of the Senate Banking Committee, six of the most prominent U.S. insurance...
Willis Reports on Insurance Marketplace Conditions
Apr 20 2004 // Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain...
Aon Reports US Commercial Property Rates Drop 10%
Apr 20 2004 // A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued...
CIAB Survey Shows Q1 Commercial P/C Easing
Apr 20 2004 // The Council of Insurance Agents & Brokers has issued a report indicating that the commercial property and casualty market “continued to ease across most lines during the first quarter of 2004, with the average...
Program Specialists Work Together For Success
Apr 19 2004 // “We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Apr 19 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Program Specialists Work Together For Success
Apr 19 2004 // We must all hang together or assuredly we will all hang separately.” So, famously, said Benjamin Franklin, as the founders gathered to sign the Declaration of Independence in 1776. Franklin’s dictum could just...
Bringing Steady Leadership to Mississippi for Several Decades
Apr 19 2004 // With continued service to the state of Mississippi since the mid-70’s, Insurance Commissioner George Dale has been a steadying influence for the industry in the Magnolia State. When Dale was elected commissioner in...
Program Specialists Work Together For Success
Apr 19 2004 // “We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could...
Program Specialists Work Together For Success
Apr 19 2004 // “We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could...
Court Decision Threatens Stability in California’s Insurance Market
Apr 19 2004 // If after 16 years of off-and-on court cases, attempting to interpret the ambiguous and contradictory language of Proposition 103 isn’t enough, this month, another interpretation came down from the Second District...
Program Specialists Work Together For Success
Apr 19 2004 // “We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could...
Fla. Taxwatch Backs Gallagher, Legislative Push to Increase Availability of Homeowners Insurance
Apr 16 2004 // Florida TaxWatch President & CEO Dominic Calabro said today that he supports Chief Financial Officer Tom Gallagher and state lawmakers in their efforts to increase the availability of homeowners insurance through...
S&P Report Says Despite 2003 Profitability Global Reinsurance Market’s Poor Outlook Remains Unchanged
Apr 15 2004 // The ratings outlook for the global reinsurance market remains negative, despite an expectation that the market’s 2003 reported financial year-end results will return it to overall underwriting profitability for the...
Study Says Workers’ Comp Terrorism Reinsurance Pool Not Enough
Apr 15 2004 // The private insurance industry for workers’ compensation would not have enough capital to withstand potential losses on its own should a catastrophic terrorism event, or multiple events, occur, according to the...
IVANS Announces Management Changes
Apr 8 2004 // IVANS, Inc., a provider of networking and customer care solutions to the insurance industry, announced the appointment of Clare DeNicola as the firm’s president and chief executive officer at its annual meeting in...
