All the headlines from our Market Topic Page, ordered by recency.
Nov 7 2007 // Much to many insurance companies’ dismay, Washington voters approved Referendum 67 yesterday, with 520,667 or 57 percent of voters in favor of the initiative to allow insureds to collect triple damages if their...
Nov 4 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel.New York City Mayor Michael Bloomberg will be the honoree and Martin J....
Nov 4 2007 // The market for management liability coverages is soft. Premiums are down, which means revenues are down. Yet there still are tremendous opportunities for proactive agents and brokers to sell the coverages, according to...
Nov 4 2007 // Collateral conundrum: To change or not to changeN.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
Nov 4 2007 // Catastrophic wildfires sweep across Southern CaliforniaIndustry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Nov 2 2007 // The Foundation for Taxpayer and Consumer Rights is claiming a former insurance industry lawyer, a senior counsel to California Insurance Commissioner Steve Poizner, covertly assisted insurance companies in a lawsuit they...
Nov 1 2007 // In response to the wildfire disaster in California, the Insurance Industry Charitable Foundation has established the Industry Foundation Firestorm Response on behalf of the industry and its partners. All online...
Nov 1 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group.Mapfre officials calculate that...
Oct 31 2007 // No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support...
Oct 29 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel.New York City Mayor Michael Bloomberg will be the honoree and Martin J....
Oct 27 2007 // This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key...
Oct 23 2007 // The Central Oklahoma Chapter of the CPCU Society, the Central Oklahoma Chapter of RIMS and the Insurance Women of Oklahoma City announced that Robert Bramlett is the recipient of the 2007 Insurance Industry Service Award....
Oct 23 2007 // Insurance industry professionals are rallying the troops, bringing in claims professionals and others to assist in battling several major wildfires burning across Southern California.On Sunday, Gov. Arnold Schwarzenegger...
Oct 23 2007 // California Wildfires: Insurers On Site at Evacuation CentersThe insurance industry is estimating that the damage from the wildfires in southern California could reach at least $500 million in insured losses. The Insurance...
Oct 18 2007 // Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten out.He...
Oct 18 2007 // Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months...
Oct 18 2007 // Non-U.S. reinsurers would no longer have to post collateral to operate in New York as long as they have the highest credit ratings.Also, all reinsurers — even U.S.-based — without the highest credit ratings would have...
Oct 17 2007 // Senate leaders have agreed on a bill to renew the federal terrorism reinsurance program, although without some of the added provisions and for not as long as the House of Representatives wants.The Senate Banking Committee,...
Oct 17 2007 // It didn’t take Munich Re very long to make good on its intentions to expand in then U.S. P/C market (See IJ web site Oct. 9). The world’s second largest reinsurer announced today that it has “concluded an...