All the headlines from our Market Topic Page, ordered by recency.
Nov 29 2001 // Swiss Re announced that its annual conference, “Year-end Economic and Insurance Industry review of 2001 and Outlook for 2002,” will be held at its New York Offices at 55 E. 52nd Street next Tuesday December 4,...
Nov 29 2001 // The insurance industry has entered a period of sustained consolidation, both domestically and internationally, as a result of the Sept. 11 attacks, according to a year-end forecast by the Transaction Services group at...
Nov 26 2001 // The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of...
Nov 26 2001 // The insurance market for pubic entities—municipalities, counties, school districts, etc.—seems to be headed for an ’80s revival, but unfortunately nostalgia can’t be attributed as the driving force. This...
Nov 20 2001 // The House will move swiftly after the Thanksgiving recess to put into law a terrorism insurance bill aimed at preventing an economic crisis if coverage is not available after Jan. 1.According to The Washington Post,...
Nov 20 2001 // Aon Corporation announced a new series of seminars, led by insurance and brokerage experts, that are targeted to industry leaders in order to provide an assessment of future challenges they will face. In the first such...
Nov 19 2001 // Texas Insurance Commissioner Jose Montemayor ordered Farmers Insurance Group to stop all activities related to the company’s recent announcement that it would non-renew all of its most-common homeowners (HO-B)...
Nov 19 2001 // As recession looms and claims costs associated with the terrorist attacks on September 11 add up, insurance markets are beginning to harden for the first time in nearly a decade. Many major property and casualty carriers,...
Nov 19 2001 // The insurance market for pubic entities—municipalities, counties, school districts, etc.—seems to be headed for an ’80s revival, but unfortunately nostalgia can’t be attributed as the driving force. This...
Nov 19 2001 // The term “Big Brother” has been tossed around casually since George Orwell introduced the term to the world in his novel, 1984. The concept of big government looking over the shoulder and into the bedrooms of...
Nov 16 2001 // A.M. Best has released country risk reports covering the economic and risk factors for the markets in Korea and Mexico, focusing on the insurance sectors in both countries.The report notes that Korea has been especially...
Nov 14 2001 // The four proposals for terrorism insurance currently under consideration will have negative repercussions for taxpayers, consumers, or both, according to Weiss Ratings Inc.Weiss analyzed plans proposed by the Bush...
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera.In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Nov 12 2001 // Of the many occasions the insurance industry has been called upon to come together as a whole, this past year was especially impressive for the way in which its members made contributions of both money and time to those in...
Nov 9 2001 // Attorneys who represent insurance policyholders warned House Financial Services Committee Chairman Michael Oxley on Nov. 7 that, “in the rush by the insurance industry to maximize financial gain through legislative...
Nov 5 2001 // Standard & Poor’s recently announced that reinsurers are reducing their emphasis on long-standing client relationships and adopting a more clinical approach to underwriting, as both the insurance and reinsurance...
Nov 5 2001 // The Bush administration and Congressional leaders hammered out a new version of a plan to provide reinsurance assistance to the U.S. insurance industry in the wake of the September 11th terrorist attacks, although...
Nov 5 2001 // Many of today’s most well-informed insurance professionals do not possess a basic understanding of the reinsur-ance industry, according to reinsurance expert Andy Barile. Independent agents must in-crease their...