Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
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...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
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...
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...
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...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
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...
Swiss Re Forum Sees Opportunities for the Strongest Companies
Dec 11 2003 // Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued...
More Consolidation in 2004: Tillinghast
Dec 11 2003 // 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...
IBHS Congress Hears of Impact from Disasters, Mold, Recent Hard Market
Dec 9 2003 // Disasters, both natural and man-made, as well as mold, construction defect and a recent hard market have impacted the U.S. economy and the insurance industry as a whole, according to a leading property/casualty...
