Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
RMS Estimates Ike Insured Losses up to $200 Million – So Far
Sep 12 2008 // Risk Management Solutions estimates that the damage wreaked by Hurricane Ike in the popular Turks & Caicos Islands and Bahamas at between $50 million and $200 million. RMS said the majority of the losses were due to...
Oklahoma Agents Group Surveys Legislative Candidates on Issues
Sep 11 2008 // As the political season moves into high gear, the Independent Insurance Agents of Oklahoma (IIAO) has released the results of a non-partisan survey of candidates for state legislative offices. The association acknowledged...
North Carolina Insured Drivers to See Rate Decrease of 16.1%
Sep 11 2008 // North Carolina Insurance Commissioner Jim Long signed an order requiring a 16.1 percent reduction in private passenger auto rates and a 11.7 percent reduction in motorcycle liability rates. The decreases will become...
S&P Reports Examine Reinsurers’ Risk Management, Pricing Trends
Sep 9 2008 // Standard & Poor’s Ratings Services has published two reports, coinciding with the Reinsurance Rendezvous in Monte Carlo, which examine the reinsurance industry’s progress in implementing risk management...
S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...
Catlin Sponsors Major Arctic Survey
Sep 4 2008 // The Bermuda-based Catlin Group Limited announced that it is sponsoring a major scientific expedition to capture vitally needed data for scientists studying the impact of global warming on the Arctic ice cap. “The...
S&P Raises SCOR’s Outlook to Positive
Sep 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an ‘A-‘...
Fitch: Global Reinsurance Ratings Outlook Remains Stable
Sep 3 2008 // An analysis of the global reinsurance sector from Fitch Ratings London office concludes that the outlook “”remains stable.” Fitch said it “believes that individual companies’ operating...
Report: Claims Associated with Violence in the Workplace on Decline
Sep 3 2008 // The National Council on Compensation Insurance released its fourth analysis in a series of reports on workplace violence. The report provides updated data based on the latest available information from the U.S. Bureau of...
Gustav Impact Limited But Losses from Moderate Catastrophes Add Up
Sep 2 2008 // Gustav may not wallop the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the continued pile-up of catastrophe losses. Standard &...
Arizona Insurers Seek 7.9% Workers’ Comp Rate Increase
Sep 2 2008 // Arizona workers compensation carriers have filed for a 7.9 percent rate increase to take effect Oct. 1, 2008, according to the National Council on Compensation Insurance. By industry group, the rate increase would include...
Gas Prices Drive N.Y. Rate Decreases
Sep 1 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Auto Rates Rising for State Farm, Allstate Customers
Sep 1 2008 // Allstate and State Farm are raising their auto rates in Texas. State Farm filed with the Texas Department of Insurance increases of 2.4 percent and 7.3 percent, respectively, for its two auto insurance subsidiaries, State...
California Proposes 16% Workers’ Comp Rate Increase
Sep 1 2008 // The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective...
U.S. Commercial Lines Outlook Revised To Negative From Stable
Sep 1 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor’s credit analyst John Iten explained...
Premium Growth: Top 25 Workers’ Compensation Companies
Sep 1 2008 // Workers’ compensation direct premiums written (DPW) for calendar year 2007 exceeded $46 billion. This represented a slight decline from year-end 2006’s $47.2 billion. However, using 2003 as a reference point,...
AAA Chicago Forecasts Slight Decrease in Labor Day Holiday Travel
Aug 29 2008 // AAA Chicago projects a slight decrease in the number of Americans traveling during the Labor Day holiday weekend. Nearly 34.38 million Americans will travel 50 miles or more from home this Labor Day holiday weekend, down...
Fitch: P/C Profits Decline Sharply in First-Half 2008
Aug 28 2008 // The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008, according to a new Fitch report. Profitability declined due to poor investment performance and deteriorating...
S&P Report Says Oman Insurance Market Still Strong After 2007 Losses
Aug 27 2008 // In its latest report on the insurance market in the Sultanate of Oman, Standard & Poor’s Ratings Services says that despite the heavy losses from Cyclone Gonu in 2007, the sector has much to commend...
Illinois Mayor Charged with Insurance Fraud Steps Down
Aug 26 2008 // Niles, Illinois’ long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement would be effective Monday, Sept. 1. The Village Board will...
