All the headlines from our Market Topic Page, ordered by recency.
Mar 4 2011 // London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa’s third-largest oil producer, a senior market official said on Friday.Libyan rebels vowing...
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said.Berkshire made no investment in Bajaj, but will sell policies for...
Mar 3 2011 // Kansas Insurance Commissioner Sandy Praeger will conduct a public fact-finding hearing March 14 regarding the impact on Kansas insurance companies and agents of a medical loss ratio (MLR) provision in the federal...
Mar 3 2011 // Austin, Texas-based ProspX Inc., developer of a technology-based search and sales service for the commercial insurance industry, announced that Thomas M. Cornish has joined the ProspX board of directors.Cornish, a 29-year...
Mar 3 2011 // Crawford & Company announced that it has established an office in Panama City, Panama, and named insurance executive Miguel Stempel as its manager of operations in the country, in order to “serve a growing...
Mar 2 2011 // “The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 is disappointing news,” states a bulletin from the Association of British Insurers...
Feb 25 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has launched its new report: ‘Chile: One Year On’ ,which highlights how the earthquake tested the reinsurance market and...
Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products.Increasing world demand for food is driving up commodity...
Feb 21 2011 // It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they...
Feb 21 2011 // When people think unpleasant events are over, they remember them as being less painful or annoying than when they expect them to happen again. That is due to the power of expectation, a power that helps people brace for...
Feb 14 2011 // A bulletin on the Lloyd’s web site notes that CEO Richard Ward “met with representatives from the China Insurance Regulatory Commission (CIRC) in Beijing last week, including the commission’s Vice...
Feb 10 2011 // Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson.Thomas was promoted to divisional senior vice...
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm.To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Feb 7 2011 // Portland, Ore.-based Durham and Bates Agencies Inc. selected William D. Hurst as CEO and president. Hurst, an internationally known marine insurance broker, and leader of Durham and Bates’ Marine Practice for 25...
Feb 7 2011 // Just weeks into the New Year, the experts’ predictions appear to be “more of the same” for at least the first half of 2011: super soft pricing combined with increased availability of limits and coverage....
Feb 7 2011 // Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile.According to the RIMS Benchmark Survey, directors...
Feb 7 2011 // Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money they cost the...
Feb 4 2011 // Americans will consumer 30 million slices of pizza on Sunday, making Super Bowl Sunday one of the busiest day of the year for pizza chains. Papa Johns, the official pizza sponsor for Super Bowl XL, expects to have its...
Feb 2 2011 // Montana licensed a record 26 captive insurance companies in 2010, boosting the number of captives at year-end to 67, also a record, the state Department of Insurance announced.The 26 captives licensed last year compares...
Jan 31 2011 // Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011.Key commercial insurance market drivers from 2009—including intense competition...