Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Affirms Generali’s ‘A+’ Ratings; Outlook Stable
Nov 9 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both...
Rates for High Risk Drivers in Texas Falling; Coverage Minimums to Rise
Nov 9 2010 // Insurance rates for high-risk drivers insured through the Texas Automobile Insurance Plan Association (TAIPA) will decrease overall by 7.6 percent from 2010 rates effective Jan. 1, 2011. According to TAIPA, Texas Insurance...
Best Revises Hannover Re, Subs Outlook to Positive; Affirms ‘A’ Ratings
Nov 3 2010 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable for the ratings of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its related debt issues and rated...
Medical Malpractice Claims Frequency Declining, Severity Stabilizing
Nov 1 2010 // Health care organizations’ medical malpractice claim frequency appears to be declining slightly and severity is leveling off, according to a new report. Data collected from 1,600 hospitals in report years 1997...
Forecast AIA Shares Set to Rise by 11% on Debut after Record IPO
Oct 27 2010 // AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong...
Survey: Private Firms Expect Growth, Employee Theft and Data Breach
Oct 27 2010 // Nearly half (44 percent) of private company executives expect their firms will add jobs by year end, and more than half (54 percent) plan to expand product or service offerings. Another 12 percent of those same executives...
Illinois Workers’ Comp 2011 Medical Fees to Increase 1.08%
Oct 25 2010 // Medical fees provided for in the Illinois Workers’ Compensation Act will increase 1.08 percent in 2011, the Illinois Workers’ Compensation Commission reports. Fee schedule rates increase or decrease by the...
Medical Malpractice Claims Frequency Declining, Severity Stabilizing
Oct 22 2010 // Health care organizations’ medical malpractice claim frequency appears to be declining slightly and severity is leveling off, according to a new report released today. Data collected from 1,600 hospitals in report...
Zurich Makes Senior General Insurance Sector Executive Appointments
Oct 21 2010 // Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative...
Home, Flood Insurance Markets Still Troubled 5 Years After Katrina
Oct 20 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Australian Mines, Sugar Growers Face Increased Cyclone Threat
Oct 19 2010 // Australia faces almost double the number of destructive tropical cyclones, possibly as many as 22, across oil and gas, iron ore and sugar production regions during 2010/11 cyclone season, the weather bureau said. The...
BP Claims Fund Struggling to Get Up to Speed
Oct 18 2010 // In the rush to get compensation from BP after its massive oil spill, the $20 billion fund that the company created has been inundated with questionable documentation, inflated claims and in some cases, outright fraud...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 18 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
Florida Approves 7.8% Workers’ Compensation Rate Increase
Oct 15 2010 // Florida workers’ compensation insurers have been given the green light to raise rates an average 7.8 percent starting Jan. 1, 2011. Florida Insurance Commissioner Kevin McCarty has told the insurers’ rating...
Employers Should Consider ‘Increased Risk Test’ When Evaluating Workers’ Comp Benefits
Oct 14 2010 // The Nevada Supreme Court has ruled that although employers are not “absolutely liable” when employees are injured “on the job,” companies should apply the “increased risk test” to...
Last Chance: Participate in Insurance Journal’s Agency E&O Survey
Oct 14 2010 // Agents, there’s just one more day to participate in Insurance Journal’s Agency E&O Survey. The deadline to take the survey is Friday, Oct. 15. Don’t miss your chance to find out what’s been...
S&P Revises Outlook on Mutual of Omaha to ‘Negative’
Oct 13 2010 // Standard & Poor’s Ratings Services said it has revised its outlook on Mutual of Omaha Insurance Co. to negative from stable, and has assigned its ‘A’ rating to Mutual of Omaha’s issue of up to...
Agency E&O: What do YOU Know? Take IJ’s Survey Now
Oct 12 2010 // The deadline to complete Insurance Journal’s Agency E&O Survey is Friday, Oct. 15. Don’t miss your chance to find out what’s been going on with insurance agents’ errors and omissions insurance....
Best Affirms Aspen’s ‘A’ Ratings; Outlook Stable
Oct 8 2010 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and...
