All the headlines from our Market Topic Page, ordered by recency.
Apr 6 2005 // Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers...
Apr 5 2005 // Insurance companies in Texas overcharged homeowners and drivers by $4 billion last year despite recent legislation designed to limit rising rates, according to a report released recently by two state consumer groups.The...
Apr 4 2005 // Berkshire Hathaway’s Buffett on Insurance Economics, 2004 ResultsBy Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s...
Apr 4 2005 // Which comes first, the chicken or the egg? There is a general perception that agency value has been increasing the past few years. This belief is partially true and is the result of a self-fulfilling prophecy.In the past...
Apr 4 2005 // Michigan’s Office of Financial and Insurance Services last month released the results of its long-awaited study of competitiveness in the state’s insurance market.While the report found competition under the...
Apr 4 2005 // Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee on a 4-3 vote and will be opposed by the insurance industry on the Senate...
Apr 4 2005 // CPCU Society Looking at IMSAThe property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
Apr 4 2005 // Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little...
Mar 31 2005 // A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of...
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Mar 30 2005 // Insurance industry representatives hope the announcement of the postponement until next week of an insurance bill now before the Senate Banking and Insurance Committee signals that a “more balanced” bill will...
Mar 25 2005 // A West Virginia Circuit judge has ruled in Charleston that the West Virginia Insurance Commission must reveal the names of companies and organizations it consulted to complete a study that recommended eliminating...
Mar 24 2005 // Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
Mar 23 2005 // Washington Insurance Commissioner Mike Kreidler announced March 22 that he is closing the voluntary Market Assistance Program for medical malpractice insurance due to a lack of business. Kreidler points out that the...
Mar 22 2005 // Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee Monday on a 4-3 vote and will be opposed by the insurance industry on the...
Mar 21 2005 // Early in the morning hours on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a...
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body?The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after...
Mar 21 2005 // I was surprised and impressed by the efficiency and expertise shown by everyone participating in the March 3-6 National Conference of Insurance Legislators meetings in Hilton Head, S.C. When I heard hundreds of...
Mar 10 2005 // Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering.The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever...
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...