Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
S&P: Maintenance of Ratings Depends on Mitigating Terrorism Risks
Oct 24 2001 // Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a...
Agency Management Systems Evolve, Expand Opportunities for Agents
Oct 22 2001 // I’m amazed and astounded that in today’s marketplace there are still some holdouts out there that have no automation system whatsoever or are using automation systems, not necessarily complete agency management...
Munich Re Calls for Fundamental Reorientation on Terrorist Risks
Oct 19 2001 // Munich Re has just released a preliminary study of the attack on the World Trade Center which contains not only a detailed analysis of what led to the collapse of the twin towers, but also states that “the private...
IVANS Survey Finds Insurers Just Hitting Their Stride with Web
Oct 18 2001 // Even as “new economy” hype is receding into memory, insurance companies are finally hitting their stride in finding practical uses for Internet technologies, according to a recent “Emerging Strategies in...
Agency Management Systems Evolve, Expand Opportunities for Agents
Oct 15 2001 // How “high-tech” is your agency? The range of difference between agencies with regard to level of automation is still fairly wide. While many agents bought their first agency management systems years ago, others...
Agency Management Systems Evolve, Expand Opportunities for Agents
Oct 15 2001 // I’m amazed and astounded that in today’s marketplace there are still some holdouts out there that have no automation system whatsoever or are using automation systems, not necessarily complete agency management...
A Profound Challenge of Many Facets
Oct 15 2001 // The search for a metaphor has proved fruitless. How would you begin to describe the huge challenge facing the insurance industry after an event for which any description is inadequate? All the industry has to do, at once...
IICF to Kick Off Bridge Week Oct. 13-21
Oct 10 2001 // The Insurance Industry Charitable Fund is kicking off its annual Bridge Week event, aimed at making a significant difference in the quality of life of California residents. The state-wide nine-day event involves teams of...
A.M. Best Provides Transcript for 10/02 Conference Call: State of the Insurance Industry and Rating
Oct 8 2001 // The long-term implications of the September 11 terrorist attacks for the insurance industry “will likely be far greater than the ultimate sum of the paid losses,” said Larry Mayewski, A.M. Best Co.’s...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
How to Help: Who’s Doing What in the Insurance Industry
Oct 8 2001 // America has witnessed an outpouring of help after the tragic events of Sept. 11. Following is a list of national and regional facilities and some of the efforts made by insurance organizations to assist in the relief...
A Profound Challenge of Many Facets
Oct 8 2001 // The search for a metaphor has proved fruitless. How would you begin to describe the huge challenge facing the insurance industry after an event for which any description is inadequate? All the industry has to do, at once...
NAIC Reassures Congress in Aftermath of Terrorist Attacks
Oct 2 2001 // National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius told Congress that the American insurance industry is financially able to withstand the pressures created...
TDI’s Montemayor Cautions Against Overreaction on Mold Issues
Sep 30 2001 // Texas Department of Insurance Commissioner José Montemayor is urging both insurers and consumers to avoid overreacting to issues concerning insurance coverage for mold. He said patience was needed as solutions are being...
Incoming NAPSLO President Focuses on Regulatory Issues, Technology
Sep 30 2001 // When John Latham steps down as president of the National Association of Professional Surplus Lines Offices (NAPSLO) in San Antonio later this month, Tapley O. Johnson, Jr., will take on the office as incoming president and...
Are Fine Arts Floaters a Silver Lining in the Insurance Market Cloud?
Sep 30 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Rising Loss Estimates Heighten Concern for the Stability of Some Insurance Sectors September 28, 20
Sep 28 2001 // In light of rising estimates of losses from the World Trade Center tragedy, some sectors of the insurance industry could suffer significant damage to their financial stability, according to a new assessment by Weiss...
NAMIC Commends Financial Services Committee for Hearing
Sep 27 2001 // National Association of Mutual Insurance Companies (NAMIC) commended the U.S. House Financial Services Committee for its hearing on securities and insurance issues in the aftermath of the Sept. 11 terrorist...
Fitch Completes Ratings Analysis Following Terrorist Attacks
Sep 26 2001 // Fitch completed the initial phase of its ratings review of insurance and reinsurance companies exposed to losses from the terrorist attacks of Sept. 11 in the United States. Findings have been issued on 16 insurance...
Insurance Leaders Meet with President Bush to Discuss State of Industry
Sep 25 2001 // In a recent White House meeting, Independent Insurance Agents of America (IIAA) CEO Robert A. Rusbuldt and other industry leaders reassured President Bush that insurance agents and companies are well-positioned to handle...
