All the headlines from our Market Topic Page, ordered by recency.
Nov 1 2010 // In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who took the helm of the company in...
Nov 1 2010 // A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to do anything they don’t want to do.The supermarket delivers groceries, the...
Nov 1 2010 // Juan Andrade stepped down as Commercial Markets president at The Hartford to join Ace as president of the insurers’ Global Personal Lines and Small Commercial Insurance division. He will assume the new position with...
Nov 1 2010 // Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said...
Nov 1 2010 // Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute....
Nov 1 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh.Intense competition and...
Oct 29 2010 // Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage restrictions, despite major losses associated with the Deepwater Horizon spill and the...
Oct 26 2010 // According to a report from Munich Re, “renewable energies are gaining in significance.” The reinsurer noted that “the share of renewable energies in power generation in Germany is expected to increase...
Oct 20 2010 // A major research arm of the property insurance industry used giant fans to blow down a two-story, Midwestern-styled house yesterday as part of an unveiling ceremony for a massive new research facility in South Carolina.The...
Oct 20 2010 // A weeklong insurance community involvement campaign kicked off over the weekend: The Insurance Industry Charitable Foundation’s (IICF) Volunteer Week.Begun on the West Coast 13 years ago, Volunteer Week is new to the...
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali.The announcement...
Oct 19 2010 // Washington Insurance Commissioner Mike Kreidler has ordered Regence BlueShield to stop illegally denying insurance to children. Last week, the company had announced it was going to stop selling insurance to...
Oct 18 2010 // Pricing Worries Persist“There are clear concerns surrounding pricing in this soft P/C insurance market. And, there appear to be indications that this market will persist over the nearer-term.” —Scott...
Oct 18 2010 // Inflationary Increase“The previous $15 million capital and surplus requirement has been in place since the ’90s, so is not near as meaningful in guaranteeing financial solvency of surplus line insurers today....
Oct 18 2010 // They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few...
Oct 14 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh.Intense competition and...
Oct 12 2010 // The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation...
Oct 7 2010 // A consumer group is criticizing Calif. insurance commissioner candidate Mike Villines for supposedly taking $ 66,950 from insurance sources despite a pledge not to take money from the industry.Consumer Watchcdog says...
Oct 7 2010 // U.S. insurance executives report that despite improving market conditions, they remained concerned about their company’s performance and the industry’s ability to generate underwriting profit amid continuing...
Oct 6 2010 // Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008.That’s one of the news...