All the headlines from our Market Topic Page, ordered by recency.
Jan 21 2003 // The length of the current hard market should not be overestimated and the creativity of the plaintiff’s bar to impose new costs on insurers should not be underestimated, a panel of outside experts told insurance...
Jan 16 2003 // Despite the P/C industry’s best efforts to have rates keep pace with losses, results are deteriorating, according to new study by Conning Research & Consulting, Inc. In fact, Conning estimates that the...
Jan 15 2003 // IVANS Networking announced its 2003 schedule of Network Management Seminars for the insurance industry. The seminars are held across the country and will tackle how networking solutions play a role in helping insurance and...
Jan 15 2003 // Chicago-based Visibillity, Inc., a collaborative litigation management solution provider for the insurance industry, announced its membership in Association of Cooperative Operations, Research and Development (ACORD). Faiz...
Jan 15 2003 // New Jersey’s Democratic Gov. James McGreevey received plaudits from the insurance industry following his remarks in his “State of the State” address that he would vigorously pursue reforms in the auto...
Jan 15 2003 // Highlighting the questions on profitability and reserves, Fitch Ratings reports that the commercial line and reinsurance sectors of the domestic property/casualty industry faces greater uncertainty than personal lines,...
Jan 14 2003 // Representatives of the Florida insurance industry, including the National Association of Independent Insurers (NAII), outlined to a Senate committee an all-inclusive package of reforms designed to address the state’s...
Jan 13 2003 // Employers Reinsurance Corp. (ERC), the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR,...
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
Jan 13 2003 // Texas Insurance Commissioner Jose Montemayor recently submitted the Biennial Report, required under Section 32.022 of the Insurance Code, to Texas legislators suggesting needed changes in laws relating to insurance...
Jan 13 2003 // Employers Reinsurance Corp., the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling...
Jan 13 2003 // For more than a year, the issue of federal backstop legislation for terrorism risk has dominated Congress’ attention when it comes to insurance industry issues. Now that the Terrorism Risk Insurance Act has been...
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
Jan 10 2003 // The Alliance of American Insurers said Georgia Insurance Commissioner John Oxendine has asked the group to coordinate an insurance industry effort to develop language that will be used to spell out coverage for mold in...
Jan 9 2003 // Standard & Poor’s has just completed a review of the Italian insurance market, and announced that “the ratings outlook for the market is negative, reflecting an expected downward trend in insurer financial...
Jan 8 2003 // Calif. Insurance Commissioner John Garamendi recently delivered his inaugural speech on Jan. 6, 2003, as he took the Oath of Office in a ceremony at the Assembly Chambers California Capitol Building.The following is the...
Jan 8 2003 // The West Virginia State Legislature has issued a report finding that imposing caps on damages in medical malpractice lawsuits will not reduce insurance rates for physicians, at least in the near future.Following the airing...
Dec 30 2002 // In a yearly review released today Munich Re calculates the overall economic losses from natural and man-made catastrophes in 2002 at a staggering $55 billion, compared to $35 billion last year. However, the world’s...
Dec 23 2002 // China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official...
Dec 19 2002 // Each year the Insurance Information Institute (I.I.I.) invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year.The survey reveals...