Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Berkshire Earnings Hit by Sept. 11th
Mar 25 2002 // Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC...
Using Technology and Understanding Technology are 2 Different Things
Mar 25 2002 // Have you read an article or brochure lately about insurance technology and came away overwhelmed by the fact that you don’t understand XML, SPX, .NET and SOAP? Don’t let it bother you. As an agent, you should...
The Real Truth About Credit Scoring
Mar 25 2002 // The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay...
Taiwan’s Insurers May Face Reinsurance Problems Says SP
Mar 19 2002 // Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market...
ACORD Selects ebix.com to Build Web Site
Mar 14 2002 // Ebix.com Inc., an insurance portal, announced that ACORD has selected ebix.com Inc. to redesign and rebuild the association’s web site—ACORD.com. The next generation of the Web site will include improvements to...
S&P Report Paints Bleak Picture for Argentine Insurance Industry
Mar 12 2002 // Standard & Poor’s recently released study of the Argentine insurance industry paints a grim picture for the country’s insurers, calling the situation, caused by the country’s economic crisis,...
NAPSLO Mid-Year Meeting Largest in Association’s History
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last...
N.Y. Superintendent Details Need for Federal Backstop for Terrorism Losses
Mar 4 2002 // New York Superintendent Gregory V. Serio testified recently before the U.S. House of Representatives Committee on Financial Services Subcommittee on Oversight and Investigations, detailing the status of the insurance...
Adequate Pricing, Higher Retentions Needed to Improve DnO Line
Mar 1 2002 // Enron, the World Trade Center attack, and other recent disasters have made directors and officers liability one of the worst performing lines of insurance in 2000 and 2001. It is only through adequate pricing, higher...
Hard DnO Market Tests Relationships of Underwriters, Brokers and Insureds
Feb 28 2002 // The hardening market for Directors and Officers liability coverage is forcing brokers and their clients to accept higher rates, less coverage and larger retentions, panelists told a recent PLUS D&O Symposium. These...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Texas Gubernatorial Hopefuls Target Homeowners Insurance
Feb 25 2002 // Two Texas gubernatorial candidates—current Republican governor, Rick Perry, and Tony Sanchez, who’s seeking the Democratic spot on the ballot next November—announced separately that they want to investigate and...
The View from Up There-Insurers Embrace Space Age Technologies
Feb 25 2002 // In the summer of 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately $244,000. Key evidence in the lawsuit—filed on behalf of the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
RIMS to Hold 40th Annual Conference and Exhibition
Feb 22 2002 // Managing risk worldwide is the timely theme of the Risk and Insurance Management Society Inc.’s annual conference this year in New Orleans, La. The Sept. 11 terrorist attacks highlighted the increasingly important...
Garamendi Returns $20,000 in Campaign Funds to Insurers
Feb 21 2002 // Politician John Garamendi recently announced that he returned $20,000 in political donations that he claimed he erroneously received from insurance concerns in two previous campaigns, according to the San Francisco...
