All the headlines from our Market Topic Page, ordered by recency.
Oct 3 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility:Sandra Robinson, claims...
Oct 3 2011 // The National Association of Professional Surplus Lines Offices Ltd. (NAPSLO) began serving the surplus lines industry and its wholesale broker members in 1975. Just six years into the association’s history a young...
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis.Biggert currently serves as...
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be.According to the annual A.M. Best special report, the surplus lines industry generated...
Sep 27 2011 // Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market.The report,...
Sep 22 2011 // When, where and how much, if any, damage will be caused by about 1,200 pounds worth of falling satellite debris poses some interesting questions–including for the insurance industry.Likely coming in at No. 1 on the...
Sep 21 2011 // Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices...
Sep 21 2011 // As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010....
Sep 19 2011 // TDECU Insurance Agency LLC in Lake Jackson, Texas, added Wesley “Wes” Wolff as president. He brings more than 30 years of insurance agency expertise including sales, sales management and strong leadership.Wolff...
Sep 14 2011 // The insurance industry is handing out cash to lawmakers who will play pivotal roles in setting up Illinois’ health-benefits exchange.The exchange is supposed to make health insurance more affordable for consumers and...
Sep 13 2011 // Volunteer Week, the Insurance Industry Charitable Foundation’s (IICF) event, will be held October 15-22, 2011 in the New York tri-state area and New England.During the eight-day industrywide event, teams of insurance...
Sep 12 2011 // The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news?In his keynote speech at the PricewaterhouseCoopers breakfast briefing at the Reinsurance Rendezvous Martin...
Sep 12 2011 // In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable...
Sep 9 2011 // The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members...
Sep 8 2011 // A report from A.M. Best concludes that the Canadian insurance industry “continued to improve in 2010, exhibiting strong capitalization and favorable overall profitability, aided by Canada’s relatively strong...
Sep 7 2011 // A new special report from A.M. Best found some “hopeful signs” emerging for the global reinsurance industry. “After years of a soft market, weak investment returns, lukewarm investor interest and sluggish...
Sep 6 2011 // The Access to Justice Action Group (AJAG) responded swiftly to the study and the bulletin published by the Association of British Insurers and a coalition of UK business groups, seeking to amend Britain’s personal...
Sep 5 2011 // Seeing something through can have quite a bit of meaning, especially when underwriting margins are thin and policyholders are struggling to pay bills. Transparency is a buzz word of sorts and continues to be a challenge...
Sep 5 2011 // Preparing for an Insurance Journal Academy of Insurance bonding seminar, I studied the American Institute of Architect’s bond forms again. The first one I eyed was the A310, the bid bond form, which was revised in...
Sep 1 2011 // Texas-based retail and managing general insurance agency, The Woodlands Financial Group Inc. (TWFG), announced it opened 11 new branch locations in three states in August 2011.Among the newly opened branches and added...