All the headlines from our Market Topic Page, ordered by recency.
Jun 17 2004 // The top state government affairs official for the National Association of Mutual Insurance Companies encouraged insurance regulators to exert leadership in their states to achieve personal lines rate modernization as the...
Jun 15 2004 // The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Foundation – Child Abuse Prevention Program (IICF-CAPP) recently wrapped up their Fifth Annual Educational Forum for the insurance industry. The Forum...
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...
Jun 11 2004 // A national organization representing 250,000 community and condominium associations is urging the U.S. Department of Treasury to extend and expand provisions of a law that enable community associations to obtain reasonably...
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday.In remarks at the 76th Annual...
Jun 7 2004 // The Insurance Industry Charitable Foundation (IICF) held its annual benefit gala on May 7, 2004, at the Asian Art Museum in San Francisco. The gala hosted nearly 400 insurance industry representatives for an elegant...
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
May 28 2004 // The Property Casualty Insurers Association of America has issued a bulletin pointing to a weekend of destructive storms in the Midwest, as proof of the “need for an immediate reauthorization of the National Flood...
May 25 2004 // Redwood City, Calif.-based ABD Insurance & Financial Services, a provider of global risk management and employee benefits solutions, has announced significant enhancements to its online customer service center,...
May 20 2004 // Lloyd’s Chairman, Lord Peter Levene, told Canadian business leaders in a speech at the Empire Club in Toronto, that, although customers often complained when they saw insurers making a profit, the industry needs...
May 20 2004 // The Louisiana Workers’ Compensation Corporation (LWCC) announced the distribution of its first-ever dividend, returning $10 million to over 21,000 qualifying Louisiana policyholders.This was a goal of the Board of...
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
May 17 2004 // Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers...
May 17 2004 // Michael Rounds was having trouble sleeping at night. An insurance agent by trade and a politician by passion, he had told close friends and associates that he would not run for the governorship of South Dakota. It was...
May 17 2004 // Our “market” is still essentially no different than what it was a century ago. We are still in the business of protecting the assets of our insureds while generating a profit.For as long as I have been in the...
May 17 2004 // The Colorado legislature adjourned sine die on May 5, giving final approval to several measures before going home. The American Insurance Association (AIA) reported that positive legislation affecting the insurance...
May 12 2004 // A measure designed to increase the availability of homeowners insurance and improve Florida’s ability to recover financially from catastrophic hurricanes through improvements to Florida’s Hurricane Catastrophe...
May 11 2004 // Standard & Poor’s Credit Market Services has issued a report on the U.S. P/C industry, which notes that the rating agency is maintaining its negative rating outlook on this sector of the commercial insurance...