Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
Louisiana Citizens Rate Increase Will Be Less Than Expected
Nov 1 2009 // A projected 10 percent increase in rates for clients of the Louisiana Citizens Property Insurance Corp. will “probably be less than that,” the company’s CEO John Wortman said. Instead, the average...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
Oct 30 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox...
AXA Sees Better Market Conditions, Despite Decrease in 9-Month Sales
Oct 29 2009 // France’s AXA Group, which ranks alongside Allianz as Europe’s two biggest insurers, said its business environment was getting better despite reporting a dip in nine-month sales on Thursday. Sales fell to...
California Has Rise in Auto Insurance Fraud
Oct 26 2009 // In the year 2008, there was a 25 percent increase in suspected vehicle arson fraud in California, according to the state commissioner. Department of Insurance Commissioner Steve Poizner said that recently compiled...
Louisiana Citizens Rate Increase Will Be Less Than Expected
Oct 23 2009 // A projected 10 percent increase in rates for clients of the Louisiana Citizens Property Insurance Corp. will “probably be less than that,” the chief executive officer of the state’s insurer of last resort...
Analysts Forecast Healthy Q3 Reports from Insurers
Oct 22 2009 // If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting season today with Travelers...
State Auto’s Net Income Up, Combined Ratio Down in Q3 2009
Oct 22 2009 // Columbus, Ohio-based State Auto Financial Corporation reported third quarter 2009 net income of $13.0 million, or $0.33 per diluted share, versus a net loss of $14.7 million, or $0.37 per diluted share, for the third...
Last Call for Participation: Insurance Agents’ E&O Survey
Oct 20 2009 // It’s time again for Insurance Journal to find out what’s been going on with Insurance Agents’ Errors & Omissions Insurance. IJ’s annual survey solicits the experiences and opinions of...
Commercial Buyers Remain Winners In Current Insurance Market
Oct 19 2009 // Insurance markets are in a relative state of calm and commercial insurance buyers are benefitting from generally stable pricing, global insurance broker Lockton says in a new report. In its overview, Lockton reports that...
Catlin Survey Predicts Arctic Ocean Ice Free Summers within 10 Years
Oct 15 2009 // The Catlin Group Limited’s Arctic Survey has released findings in London, which show that Arctic Ocean sea ice is thinning rapidly and the region will most likely be largely ice-free during the summer months within a...
Agents’ E&O: What Do YOU Know? Participate In Insurance Journal Survey Now
Oct 15 2009 // It’s time again for Insurance Journal to find out what’s been going on with Insurance Agents’ Errors & Omissions Insurance. IJ’s annual survey solicits the experiences and opinions of...
Economic Outlook for Coastal Mississippi, Alabama Brightens
Oct 8 2009 // The economic outlook should brighten in 2010-2011 for the Mississippi and Alabama coasts, but that’s not the case for the New Orleans area, an economist said this week at a regional economic forum. Lack of business...
Florida Says Medical Malpractice Rates Decline, Market Is Competitive
Oct 8 2009 // A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in...
Arizona Has Big Decline in Auto Theft
Oct 7 2009 // Thefts of cars and trucks in the Phoenix area are down 33 percent over last few years according to law enforcement and insurance industry experts. Roughly 55,300 cars, trucks and motorcycles were stolen in 2004, compared...
Survey: 1 Out of 5 Drivers Admits to Texting While Behind the Wheel
Oct 5 2009 // Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released Sept. 25 considered such action...
Commercial Buyers Remain Winners In Current Insurance Market
Oct 1 2009 // Insurance markets are in a relative state of calm and commercial insurance buyers are benefitting from generally stable pricing, global insurance broker Lockton says in a new report. In its overview, Lockton reports that...
Ireland’s International (Re)Insurance Market Posts Strong Growth in 2008
Sep 29 2009 // The Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, has announced “another record year of premium income...
