All the headlines from our Market Topic Page, ordered by recency.
Apr 20 2009 // Ron Wright, chief operating officer of Texas Mutual Insurance Co. since 1997, is set to become president and CEO of the company effective Sept. 1, 2009.Wright will succeed Russell R. Oliver, who announced his retirement in...
Apr 20 2009 // Like just about any company anywhere on earth, medical liability insurers lost money on their equity investments in 2008 due to the meltdown in the U.S. and worldwide economies in the latter half of the year. However, for...
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Apr 17 2009 // The Arizona Chapter of the CPCU Society (Chartered Property Casualty Underwriters) is sponsoring scholarships to be awarded to graduating high school students and college/university students currently taking insurance...
Apr 17 2009 // Lloyd’s opened its office in Brazil on Thursday, April 16, a year after receiving approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in the country.Lloyd’s...
Apr 13 2009 // There’s a need for state-based insurance regulation, according to Hawaii Insurance Commissioner J. P. Schmidt. Speaking to professors and experts in finance from around the world in his keynote speech at the 16th...
Apr 10 2009 // In the midst of the financial turbulence, it’s easy to lose sight of longer-term trends. The economic downturn doesn’t necessarily mean the end of certain industries, but it does imply that there are some...
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Apr 6 2009 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // The Texas insurance industry lost nearly $1.4 billion in 2008. According to figures released by the Texas Department of Insurance, for every dollar the state’s insurance industry took in it paid out $1.65.“It...
Apr 6 2009 // Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in determining rates; purchasing policies over the Internet;...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 2 2009 // Commercial insurance follows a boom-and-bust pricing cycle that generally thought to be largely uncorrelated with broader economic cycles. But according to a new report released by Advisen Ltd., the current recession is...
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation.While Secretary Geithner said that any...
Mar 25 2009 // Against economic and soft markets odds, independent insurance agents have been starting up new property/casualty agencies from Florida to California and states in-between since 2007.For years, the number of agencies in the...
Mar 25 2009 // Aon’s newly launched “Aerospace Insurance Market Outlook 2009” initially determined that the “average lead premium in the aerospace insurance market continued to decline during 2008, but...