All the headlines from our Market Topic Page, ordered by recency.
May 2 2005 // “Ethics in the Wholesale Insurance Marketplace” workshops concluded on Saturday afternoon with a round-table discussion, led by Ernest Csiszar, president of the Property and Casualty Insurance Association of...
May 2 2005 // The sponsor of a California bill that would mandate insurer community development investments, withdrew the bill from consideration by this legislative session.Assembly Member Mark Ridley-Thomas, will not pursue AB 925...
Apr 29 2005 // Jardine Lloyd Thompson Group PLC, the largest U.K.-based broker, issued a statement in conjunction with is annual general meeting (AGM) warning that the weak US dollar, the absence of PSA’s and a continued softening...
Apr 29 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...
Apr 28 2005 // Dublin-based Research and Markets has announced the addition of a study on Global Insurance Regulators to their offering.“Rapid growth in financial services regulation in many countries has led to demand for high...
Apr 28 2005 // The actuarial role in mergers and acquisitions and the future of finite insurance will be among the topics featured at the Spring Meeting of the Casualty Actuarial Society (CAS), May 15-18, at The Pointe South Mountain...
Apr 28 2005 // Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from the 2003 average of 27 percent.Meanwhile, the cost of property terrorism...
Apr 25 2005 // The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9,...
Apr 19 2005 // Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations – according to new research released Tuesday.The research* also reveals that underwriters...
Apr 19 2005 // The National Association of Professional Insurance Agents has reiterated its support of contingent commissions being a part of the compensation received by Main Street professional insurance agents.The PIA statement was...
Apr 18 2005 // At a recent gathering of New York independent agents and executives in Westchester, a well-respected insurance company executive proceeded to give his impressions of what is happening in Washington with regard to the...
Apr 18 2005 // GAO Study Explores Examples of How Public-Private Insurance Partnerships OperateA new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government...
Apr 18 2005 // The property/casualty insurance industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, advises a top industry economist.The property/casualty financial...
Apr 18 2005 // An Interview with Francis Johnson, AAMGA President-ElectFrancis Johnson, president of Johnson and Johnson Inc., of Charleston, South Carolina, becomes president of the American Association of Managing General Agents in...
Apr 18 2005 // California Insurance Commissioner John Garamendi and Assembly member Mark Ridley-Thomas (D-Los Angeles) introduced AB 925, a new piece of legislation that would require insurers to make investments in low- and...
Apr 14 2005 // In testimony today before the Senate Banking Committee, Ernie Csiszar, president and chief executive officer of the Property Casualty Insurers Association of America, outlined possible components of a long-term terrorism...
Apr 14 2005 // California Insurance Commissioner John Garamendi on April 14 announced new regulations to protect homeowners from unfair “use it and lose it” practices in the homeowners insurance market.“We all pay...
Apr 11 2005 // Two months before the study is expected to be done, the property casualty insurance industry is getting nervous about a study on terrorism insurance being conducted by the Treasury Department, a study some in Congress are...
Apr 8 2005 // Lloyd’s CEO Nick Prettejohn, speaking at the FSA insurance conference on Thursday, April, 7, outlined six “strategic challenges” facing the general insurance industry, which he also indicated was by no...
Apr 7 2005 // The property/casualty industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, Robert Hartwig, senior vice president and chief economist for the Insurance...