Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Leaving a Lasting Legacy
Jan 26 2004 // Education benefits the next generation of insurance consumers. During my 34-year tenure in the insurance industry, I cannot count the number of times I’ve heard, “Don’t they understand?” It’s...
Benfield Study Finds Reinsurance Rates Holding Firm
Jan 19 2004 // Benfield, an independent insurance intermediary, has released a new report, which concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting...
NYSSA to Hold Conference on Insurance Industry
Jan 13 2004 // The New York Society of Security Analysts (NYSSA) will present its 8th Annual Insurance Industry Conference on Jan. 26-27, 2004 at the Harvard Club, 27 West 44th Street in New York City. The NYSSA’s announcement...
The Right Man for the Right Job
Jan 12 2004 // An Exclusive Interview with Gregory Serio Gregory V. Serio, the superintendent of the New York State Insurance Department, is a busy man—moving between Albany, Manhattan, Washington D.C. and elsewhere about the country....
Earlybird Forecast for 2004
Jan 12 2004 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the...
Tillinghast Says More Consolidation in 2004
Jan 12 2004 // The insurance industry is at a critical juncture, with issues surrounding consolidation, pricing, legislative reforms and capital concerns shaping the market for 2004, according to year-end industry predictions from...
Ebix.com Inc. Switches Name to Ebix, Inc.
Jan 2 2004 // Atlanta-based Ebix, an international supplier of software and e-commerce solutions to the insurance industry, has changed its name to Ebix, Inc. from ebix.com, Inc. effective immediately. To mark the event, the company...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
NAII Letter to Mass. Editor Again Stresses Need for Auto Insurance Reform
Dec 24 2003 // Gerald L. Zimmerman, Senior Counsel for the National Association of Independent Insurers, followed up yesterday’s letter to a Wall Street Journal editor (See IJ Website Dec.23), with a letter to Steve Smith,...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
PIANY’s MetroRAP Selects Kay Giustiniani, Robert Pfeffer for Awards
Dec 22 2003 // The Professional Insurance Agents of New York State Inc. will present Kay Giustiniani, vice president of marketing for Associated Mutual Insurance in Woodridge, with its Company Executive of the Year award and Robert...
Insurance Information Institute Unveils Earlybird Forecast for 2004
Dec 18 2003 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the...
Best Comments on Bermuda Insurance/Reinsurance Market
Dec 16 2003 // A.M. Best has issued a report commenting on the Bermuda insurance and reinsurance market. It notes that the 15 largest companies based on the island generated $28.6 billion in net premiums written and underwriting income...
A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
$1.5 MILLION, 50,000 VOLUNTEER HOURS DONATED DURING IICF BRIDGEWEEK:
Dec 15 2003 // The insurance industry in California’s East Bay put down their pencils and put on their work clothes again this year in celebration of the Insurance Industry Charitable Foundation’s Bridge Week. Teams of...
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
The Southern California Firestorms of 2003
Dec 15 2003 // The wildfires that raged through San Bernardino and San Diego Counties in October have now been declared the worst fire disaster in the history of the insurance industry. More than 8,000 firefighters battled roaring flames...
Industry Says Good-bye to Familiar Faces
Dec 15 2003 // The insurance industry lost a number of familiar faces in 2003. Some were company presidents and CEOs; some may not have been as well known but were still instrumental in shaping the industry and its future. Insurance...
