Three new reports published recently provide a sizeable assortment of diagnoses, prognoses, and remedies for increasingly volatile commercial insurance markets. When viewed as a compiled list of problems and solutions, one can safely assume the industry has its work cut …
Top commercial insurance brokers, noting insurers have been buffeted by terrorist attacks, stock market woes and increasing environmental hazard claims, have cast their eyes ahead to the coming year and voiced concern that if economic conditions do not improve, the …
According to PR Newswire, the insurance industry is showing the first signs of distress following the Sept. 11 terrorist attacks, with major commercial property/casualty premiums uniformly on the upswing and confusion in the market as carriers try to determine what …
In response to no Congressional action being taken on federal terrorism reinsurance legislation died in 2001, Ken Crerar, president of The Council of Insurance Agents + Brokers, stated that the move was a disappointment to the insurance industry. Last week, …
The Council of Insurance Agents + Brokers released findings from a special benchmarking survey of The Council’s members. The special survey builds on The Council’s quarterly Commercial Insurance Market Index by establishing a benchmark for assessing the impact of the …
According to the recently released third-quarter Commercial Insurance Market Index — reflecting market observations of the largest commercial insurance brokers across the nation — commercial insurance premium rates increased last quarter for all account sizes and across all property/casualty lines. …
In the face of the tragedies which occurred on Sept. 11, several insurance trade associations announced cancellations of previously scheduled events. The National Association of Professional Surplus Lines Offices cancelled its Annual Convention in San Antonio, Texas, scheduled for Sept. …
The Executive Committees of co-sponsors The Council of Insurance Agents + Brokers and The Council of Insurance Company Executives announced yesterday the cancellation of the 88th Annual Insurance Leadership Forum, scheduled for Oct. 5 -10 at White Sulphur Springs, W. …
In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed for primary property/casualty insurance companies. Although the draft does …
Through its fourth quarter 2000 Commercial Insurance Market Index, released yesterday, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose significantly over the last year. The Index also shows rates continuing …
