All the headlines from our Market Topic Page, ordered by recency.
Nov 2 2008 // Massachusetts Insurance Commissioner Nonnie Burnes has presided over the biggest shakeup in the Massachusetts’ personal auto insurance market in generations. Over the last year, she’s led the charge to scrap...
Nov 2 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Nov 2 2008 // The five-year period spanning from 2003-2007 served the homeowners insurance line favorably after the dismal 20-year period that preceded it, and return on surplus for the line averaged an estimated 11 percent for those...
Nov 2 2008 // This month will mark the 30th time that the insurance industry has come together in support of Duarte, Calif.-based City of Hope, a biomedical research and treatment facility for cancer and other life-threatening...
Nov 2 2008 // I read Christopher J. Boggs’ commentary, “AIG Crisis Highlights the Need for Insurance Professionalism” (see page N40) and I would like to voice agreement with certain of his assertions and strongly...
Oct 28 2008 // The world’s reinsurers expect the intensifying financial market storm will allow them to push through higher prices for the risk cover they offer insurance companies.The world’s No. 2 and No. 4 reinsurers,...
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout.“Most companies in the...
Oct 27 2008 // The Geneva Association and the International Insurance Society Inc, have released the awaited 2009 Call for Papers. The collaborative insurance research program, sponsored jointly by the two organizations, is designed to...
Oct 27 2008 // Reserving for mortgage insurance and title insurance in an economic downturn and amid a stressed real estate market can present challenges for insurers and actuaries, attendees at the Casualty Loss Reserve Seminar were...
Oct 24 2008 // Insurance industry leaders strutted down the catwalk modeling fashions from noted local designers in the Honolulu Association of Insurance Professionals’ (HAIP) Insurance Fest “Fashion Show.”This second...
Oct 24 2008 // Two major hurricanes and a global credit crunch were not enough to derail the relentless soft commercial insurance market in the third quarter, according to RIMS Benchmark Survey, an industry survey of policy renewal...
Oct 20 2008 // California Insurance Commissioner Steve Poizner will join the ranks with thousands of insurance industry volunteers throughout California to provide support to community nonprofit agencies during Volunteer Week, October...
Oct 20 2008 // New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the regulations should be...
Oct 20 2008 // When the Latin American Association of Insurance Agencies was establishing itself in the late 1960s and early 1970s, most of the members were recent Cuban arrivals who had accepted the fact they were not returning to their...
Oct 20 2008 // The movers behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300 million revenue company focused on the Hispanic insurance market within a few years,...
Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...
Oct 20 2008 // New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the regulations should be...
Oct 20 2008 // Many lines of commercial insurance are facing a soft market, and despite the insurance market’s and nation’s economic woes, insurance industry professionals say it’s difficult to chip away at the nail...
Oct 20 2008 // Top 100 Agency ProfileRanking: 12 Agency Name: InterWest Insurance Services Inc. Headquarters: Sacramento, Calif. Year Founded: 1992 Additional Locations: 9 locations in California 2007 Property/Casualty Premium: $519.6...
Oct 20 2008 // For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some industry experts predict the unstable conditions brought on by the economy and the global...