Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Former CIAB Head Supports Federal Reforms
Apr 1 2004 // Albert R. Counselman, a past chairman of the Council of Insurance Agents & Brokers, told a House subcommittee that Congress needs to take action to remove the burden of multiple state regulatory requirements on...
PCI Says N.J. Auto Reform ‘On the Right Track’
Mar 24 2004 // A bulletin from the Property Casualty Insurers Association of America praised New Jersey Gov. James McGreevey’s announcement Monday of three new automobile insurance reforms. The recently adopted measures will...
Sapiens Names Bessellieu Americas Division President
Mar 24 2004 // Sapiens International Corporation N.V., a global provider of insurance business solutions, announced the appointment of Steven Bessellieu as President of Sapiens Americas and as a member of Sapiens International...
Terrorism and TRIA – What’s in Store for the Future’
Mar 22 2004 // Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...
A.M. Best Affirms Rating for Sun Hung Kai Properties Insurance Ltd.
Mar 17 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook is stable. The rating reflects SHKPI’s satisfactory...
AARP, Texas Watch Call for ‘True Insurance Reform’
Mar 17 2004 // The AARP Texas and Texas Watch announced a new statewide campaign to pass true homeowners insurance reforms and eliminate unjustified rate hikes. Together, the organizations represent over two million Texans. The...
Risk and Insurance Management Benchmark Survey Chronicles Turbulent Year for 2003
Mar 10 2004 // Commercial insurance buyers experienced a turbulent past year as the hard market reached its peak and then began its current softening trend, according to the annual market survey from the Risk and Insurance Management...
Commercial Rates Going Down, Reinsurance Rates Holding Firm
Mar 8 2004 // As Costello famously asked Abbott, “Who’s on first?” A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent...
The Hard Market’s Over … Right’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused. Why such confusion? After reading tea leaves, consulting the...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
Model Behavior or Behavior Modeling’ Tools to Put Your Submission on Top
Mar 8 2004 // Underwriting risk is a tricky business whether in a hard or soft market. Competence and experience will always be a hard combination to find, but is greatly valued by strong companies. It’s amazing that even the best...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Mar 8 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 &...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to...
A LANDMARK OPPORTUNITY:
Mar 8 2004 // The Independent Insurance Agents and Brokers of Louisiana (IIABL) has launched its nation-wide campaign to attract insurers to Louisiana, kicking it off with the distribution of “Louisiana: A Landmark...
PCI, AIA Oppose Mass. Bill Requiring Insurers to Report to Tax Authorities
Mar 4 2004 // The Property Casualty Insurers Association of America and the American Insurance Association have both gone on record as opposed to a bill being considered by the Joint Committee on Taxation that places insurers in the...
Showcase Awards Seek the Insurance Industry’s Best Marketing Communications Work
Mar 4 2004 // The competition for the most prestigious awards given to insurance marketing communications professionals kicks off today with a worldwide call for entries for the annual Showcase™ Awards, presented by the Insurance...
N.J. Auto Reforms Continue Drive Forward
Mar 3 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke announced this week that the competitive auto insurance marketplace that is emerging in New Jersey reportedly as a result of Governor McGreevey’s reforms is...
PWC Survey Finds Challenges with Insurer Enterprise Risk Management Implementation
Mar 3 2004 // A new study by PricewaterhouseCoopers has confirmed that enterprise risk management (ERM) is on the boardroom agenda as a key driver for a competitive edge in the insurance industry, but some leading insurers need to close...
Arkansas’ Pickens Recommends CSLN
Mar 2 2004 // Arkansas Insurance Commissioner Mike Pickens issued a recommendation to all licensed property/casualty insurance companies, the National Association of Insurance Commissioners, trade associations and other interested...
Diversified Product Inspections Inc. Produces 17 Subrogation Seminars to Start 2004
Mar 1 2004 // Tennessee-based Diversified Product Inspections Inc. (www.dpi-inc.com), a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry, has presented 17 Product...
