Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Annual Survey Lists Top 10 Ease of Doing Business P/C Insurers
Oct 20 2008 // West Bend Mutual Insurance Company of Wisconsin (No. 1), Central Mutual Insurance (No. 2), Safety Insurance (No. 3), Frankenmuth Insurance (No. 4), and Selective Insurance (No. 5) earned the top five spots when it comes to...
Florida Warns Rising Energy Costs Could Increase Home Fires
Oct 20 2008 // Florida Chief Financial Officer and State Fire Marshal Alex Sink is joining the American Red Cross and the National Fire Protection Association in warning Floridians about the risks of using alternative and unconventional...
Shrinking Citizens Signals Progress in Florida Property Market
Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...
Colorado Orders 16% Decrease in Workers’ Comp Loss Costs
Oct 20 2008 // Colorado employers may be paying lower premiums for workers’ compensation insurance in 2009, because a significant component of workers’ compensation premiums, known as loss costs, will drop 16 percent, the...
Premium Growth: Top 25 P/C Premium Gainers Through Q2 2007
Oct 20 2008 // Vita Sackville (1892-1962) was a British novelist and poet. In 1928, she wrote, “Growth is exciting; growth is dynamic and alarming.” Eighty years later, her description of growth is more accurate than ever....
Survey: Massachusetts Drivers Slow to Shop Under New Insurance Rules
Oct 17 2008 // Barely six months into Massachusetts’ new deregulated auto insurance system – one that supposedly favors consumers who shop around for the best rates – fewer than one in four drivers have actually done...
Marsh Warns Economic Slowdown Increases Supply Chain Risk
Oct 17 2008 // Marsh has issued a warning that the current “financial instability and deteriorating economic conditions in the UK are prompting companies to improve efficiency and drive down operating costs in their supply chains....
XL Estimates $1.65 Billion Loss But Beats Forecast
Oct 15 2008 // XL Capital Ltd, a large Bermuda-based insurer, estimated Tuesday a quarterly net loss of $1.65 billion to $1.67 billion, and said its chairman involuntarily sold about 80 percent of his common shares last week to meet a...
Forecast: NYC Building Boom Will Peak in 2008
Oct 15 2008 // New York City’s building boom will peak this year, with construction jobs plunging from a record 130,100 in 2008 to 100,250 in 2010, according to a report released yesterday. The report by the New York Building...
Rhode Island Senator Reed Reaps Campaign Cash from Insurance Sector
Oct 14 2008 // Nearly a quarter of all contributions to Sen. Jack Reed’s re-election campaign have been coming from donors in the banking, securities, real estate and insurance sectors. According to independent watchdog groups, the...
Colorado Orders 16% Decrease in Workers Comp Loss Costs
Oct 13 2008 // Colorado employers may be paying lower premiums for workers compensation insurance in 2009, due to the announcement that a significant component of workers’ compensation premiums, known as loss costs, will drop 16...
Florida Heeds Survey: Rising Energy Costs Could Increase Home Fires
Oct 10 2008 // Florida Chief Financial Officer and State Fire Marshal Alex Sink is joining the American Red Cross and the National Fire Protection Association in warning Floridians about the risks of using alternative and unconventional...
Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook
Oct 10 2008 // U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency Standard & Poor’s cut its outlook for the industry on Friday. The Progressive...
Aegon, Aviva Bolster Risk Hedges, EU Insurers’ Shares Rise
Oct 9 2008 // European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets. Aegon, which...
Washington Proposes 3% Increase in Workers’ Comp Rates
Oct 6 2008 // Washington’s Department of Labor & Industries (L&I) has proposed a 3 percent increase in 2009 workers’ compensation rates. Average premiums would go up by under 2 cents per hour worked. “We are...
HDR Insurance Offers Insurance Market for Plumbing Contractors
Oct 2 2008 // HDR Insurance Services has a new market for commercial, residential and commercial service and repair plumbers in Arizona, California and Nevada. The admitted policy includes coverage for commercial auto, general liablity,...
Blues’ Study: Health Insurance Purchasing Groups Drive Up Costs
Oct 2 2008 // A new actuarial analysis finds health insurance purchasing arrangements – also called connectors, exchanges, and health insurance purchasing cooperatives – lead to higher health insurance premiums and fail to...
Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
Oct 1 2008 // Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency...
Real Estate Lawyers Face Rising Malpractice Claims
Oct 1 2008 // Legal malpractice claims related to real estate are up approximately four percentage points according to the just-released American Bar Association study of legal malpractice claims for 2004-2007 compared to the previous...
Okla. Traffic Fatalities Down From 2007
Sep 29 2008 // The number of people killed in traffic accidents in Oklahoma continues to fall below the numbers in 2007. The Oklahoma Highway Patrol says 500 people have died on the state’s roadways in 2008 compared to 544 at this...
