Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Report Explores the New Frontier of Catastrophic Risk Exposures for the Insurance Industry
Apr 7 2004 // Increasingly, life and health insurers are underwriting man-made catastrophic risks involving deaths and disabilities resulting from terrorists making use of nuclear, biological and chemical weapons, according to the...
Fla. Father, Son Keep It All in the Family When It Comes to Fraud
Apr 7 2004 // A father and son have pleaded guilty to diverting thousands of dollars in premiums from a South Florida insurance agency. John Pascale, former owner of AAA Turnpike Insurance Agency, pleaded guilty to one count each of...
Report Estimates Potential Costs to U.S. Insurance Industry from a Repeat of 1974 Tornado Super Outbreak
Apr 6 2004 // Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, announced the release of an in-depth study of potential costs to the U.S. insurance industry from a recurrence of...
Trusted Choices
Apr 5 2004 // To regulate more or less? That was the question posed to the public by the people at the Harris Poll. Health insurance, managed care, pharmaceuticals and the oil industry top the list of industries the public feels need...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Apr 5 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas recently for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Agents Learn about Opportunities, Challenges at Agribusiness Conference
Apr 5 2004 // The Insurance Brokers and Agents of the West (IBA West) and Insurance Skills Center sponsored the 17th Annual Agribusiness Conference held March 17 and 18 in Sacramento. The nation’s largest agricultural conference...
Bonds: A Return to Disciplined Underwriting
Apr 5 2004 // Writing surety bonds is a niche that perfectly illustrates why specialization is so important in the insurance industry. Bond underwriters need to exercise the utmost caution when issuing bonds, and they need to make sure...
LAAA Prepares for Expansion, Upcoming Annual Convention
Apr 5 2004 // Founded five years ago to address the specific needs of the Hispanic insurance community in California, the Latin American Agents Association (LAAA) is well known for its popular monthly meetings and entertaining annual...
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...
