All the headlines from our Market Topic Page, ordered by recency.
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Jun 10 2009 // Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts.The property/casualty insurance sector’s ability to properly estimate its loss...
Jun 9 2009 // According to Marsh’s London Office, “the UK architectural, engineering and construction sector is facing a ‘perfect storm’ which could leave many firms facing increasing risks at a time when the...
Jun 1 2009 // The insurance business needs to lose a vestige of the insurance marketplace of the last century. Let’s become more friendly to competition and the free market.For my 30 years in the insurance business, insurers have...
Jun 1 2009 // The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount...
Jun 1 2009 // Al Diamond is one of the country’s best known and respected agency management consultants.His firm, the Agency Consulting Group, is based in Cherry Hill, N.J. Diamond consults with agencies across the country on...
Jun 1 2009 // Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the...
Jun 1 2009 // The current economic environment has produced several influences that in combination are negatively affecting, or at least stressing, property casualty insurance carriers in unique ways, says one experienced industry...
Jun 1 2009 // Direct writers continue to target the Massachusetts personal auto insurance market, as one major national carrier announced it has written its first policy in the state and another says it will begin writing direct in...
Jun 1 2009 // The Oregon Insurance Division is warning the insurance industry to be careful about arbitration clauses.According to a recently posted bulletin, “It has recently come to [OID’s] attention that policy forms,...
Jun 1 2009 // Al Diamond is one of the country’s best known and respected agency management consultants. His firm, the Agency Consulting Group, is based in Cherry Hill, N.J. He deals with agencies across the country on issues...
Jun 1 2009 // Don’t be fooled by the AIG headlines: Not all of the insurance industry is in retreat mode.In some pockets of the Northeast and Mid-Atlantic, carriers are continuing to pursue downright aggressive growth strategies...
Jun 1 2009 // Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the...
May 22 2009 // Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents.“As the...
May 20 2009 // The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount...
May 20 2009 // Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.”The Florida assessment is included in a Fitch report for investors right...
May 20 2009 // With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
May 19 2009 // The current economic environment has produced several influences that in combination are negatively affecting, or at least stressing, property casualty insurance carriers in unique ways, according to one experienced...
May 18 2009 // Despite what you may think, the insurance industry has not changed much in the past century. The insurance industry was regulated in 1945 with the passage of the McCarran-Ferguson Act that allows insurance to be regulated...
May 18 2009 // Managing general agents have a positive attitude about the soft market and recession, figuring what went down must come up again, according to Curtis Anderson, incoming president of the Association of Managing General...