All the headlines from our Market Topic Page, ordered by recency.
Jul 13 2010 // The U.S. property/casualty industry earned a net profit for the first quarter 2010, partly due to the continued recovery in the financial markets. The first quarter 2010 rebounded from a net loss in the first three months...
Jul 9 2010 // The Insurance Accounting and Systems Association Inc. (IASA) has elected Craig S. Lowenthal as president of the association.Lowenthal, a social media strategist for Pennsylvania-based Glatfelter, has been a technology...
Jul 7 2010 // City of Hope’s National Insurance Industry Council (NIIC) announced it will honor Kevin Kelley, CEO of Ironshore, with The Spirit of Life Award, City of Hope’s most prestigious philanthropic honor.City of Hope...
Jul 7 2010 // InVEST, the insurance industry’s career education program, has awarded $56,500 in scholarships to 58 college-bound students pursuing insurance-related degrees, including 10 students from New York.Patrick Moore, chair...
Jul 6 2010 // Underwriters from London’s marine insurance market are looking at how to comply with fresh sanctions being imposed on Iran, a senior Lloyd’s Market Association (LMA) official said on Friday.Iran, the...
Jul 6 2010 // John Wortman, CEO of Louisiana Citizens Property Insurance Corp. (Citizens), the state’s property insurance of last resort, has announced plans to retire.“John Wortman has been a tremendous asset to Louisiana...
Jul 5 2010 // Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a recent industry study.Average premiums in every line tracked by the RIMS Benchmark Survey fell...
Jul 5 2010 // The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate premiums followed by relatively brief, startling and disruptive upward price corrections. These...
Jul 5 2010 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007 issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
Jul 5 2010 // It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a...
Jul 1 2010 // A new report from Willis Re, the reinsurance broking arm of Willis Group Holdings, has concluded that “losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on...
Jun 29 2010 // When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more...
Jun 21 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance executives agree.In a...
Jun 21 2010 // Today we live in an Age of Relentless Acceleration – of interconnectedness, emerging risks, uncertainty and shifting centers of power and influence. It is an age where catalytic events can spread and amplify in...
Jun 21 2010 // Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8...
Jun 17 2010 // A bulletin from the UK’s Financial Services Authority (FSA) indicates that its Chairman, Lord Turner, has “welcomed the changes to financial regulation outlined by the Chancellor of the Exchequer in his Mansion...
Jun 10 2010 // The Independent Insurance Agents and Brokers of Oregon (IIABO) is now accepting nominations for the 2010 Accredited Customer Service Representative of the Year award, which recognizes an employee for his or her...
Jun 7 2010 // Wholesaler Crump Insurance promoted Kevin Hahn to executive vice president. As head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, and its environmental practice.XL...
Jun 7 2010 // Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an...
Jun 7 2010 // Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and...