Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Coastlines at Risk from Increased Development
Mar 12 2008 // As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an...
S&P Raises Fairfax Financial’s Rating Outlook to ‘Watch Positive’
Mar 12 2008 // Standard & Poor’s Ratings Services has placed its counterparty credit and financial strength ratings on Canada’s Fairfax Financial Holdings Ltd. (FFH), FFH’s operating insurance companies...
S&P Revises Cunningham Lindsey Outlook to Stable; Affirms ‘B-‘ Rating
Mar 12 2008 // Standard & Poor’s Ratings Services has revised its outlook on Cunningham Lindsey Group Inc. (LIN) to stable from negative. S&P also affirmed its ‘B-‘ counterparty credit rating on LIN. The...
Expect Consolidation in Nonstandard Auto Insurance Market, Conning Says
Mar 11 2008 // The nonstandard auto insurance market is being redefined by the influence of technology and other external forces, according to a new study by Conning Research and Consulting. “As predictive modeling has become more...
Windstorm Liability Limits Increased for Certain Property in Texas
Mar 11 2008 // Texas Insurance Commissioner Mike Geeslin recently signed an order increasing the maximum limits of liability from $3,390,000 to $4 million for a commercial or government building insured for wind and hail by the Texas...
State Farm Reports 3% Profit Increase For 2007
Mar 10 2008 // Bloomington, Ill.-based State Farm Insurance announced that profit rose 3 percent last year on the strength of higher auto policyholder dividends despite a steep decline in property casualty underwriting. The company said...
Storm Losses Blamed on Coastal Growth, Not Global Warming
Mar 10 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
Florida Insurance Market Showing Signs of Improvement
Mar 10 2008 // The insurance market in Florida is adjusting to changing conditions — some man-made, others resulting from forces of nature — all of which make property insurance for Florida homeowners more available and more...
Auto Claim Frequency Drops But Claim Severity on the Rise
Mar 10 2008 // Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a recent industry report. The report, “Trends in Auto Injury Claims,...
Report: Auto Claim Frequency Drop Offsets Rise in Medical, Repair Costs
Mar 10 2008 // Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a new industry report. The report, Trends in Auto Injury Claims, 2008 Edition,...
Colorado Auto Rates Down, Study Shows
Mar 10 2008 // Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released by Gov. Bill Ritter’s...
Study Reports on Costly 2007 Wildfire Season
Mar 10 2008 // With a potential $2.5 billion in insured losses in California alone, last year ranks as one of the costliest wildfire seasons in recent history, according to Risk Management Solutions’ (RMS) and ImageCat Inc.’s...
Aon Study Finds Aerospace Premiums Down by 11%
Mar 7 2008 // Aon’s recently published “Aerospace Insurance Market Review 2007” highlights the year’s “soft market driven by high capacity and historically low claims.” Aon determined that the...
Catlin 2007 Net up 4% to $543 Million
Mar 7 2008 // The Bermuda-based Catlin Group Limited, which does business in the UK, the Lloyd’s market and the U.S., reported a 4 percent rise in pretax net income for 2007 to $543 million, compared to $520.5 million for...
Best Affirms Liberty Mutual’s ‘A’ Rating; Outlook Stable
Mar 7 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Liberty Insurance Holdings and...
Job Bias Claims Against Employers Up 9%– Biggest Rise in Years
Mar 6 2008 // The U.S. Equal Employment Opportunity Commission (EEOC) received a total of 82,792 private sector discrimination charge filings last fiscal year, the highest volume of incoming charges since 2002 and the largest annual...
Fitch Conference Call Today Analyzes Bermuda (Re)Insurance Market
Mar 5 2008 // Fitch Ratings will host a teleconference today, Wednesday, March 5, to discuss the Bermuda insurance and (Re)insurance markets and trends expected to affect this industry in 2008. Fitch’s analysts will also delve...
Hiscox 2007 Net up 18% to $471M
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
Fla. Mobile Home Insurance Co. Files 72.9% Rate Increase
Mar 4 2008 // Florida-based Foremost Insurance Group of companies filed a 72.9 percent increase on mobile homeowners’ insurance rates, according to the Florida Office of Insurance Regulation. The group’s companies, including...
Texas Work Comp Division: Job Injuries, Illnesses Increased in 2006
Feb 29 2008 // The Texas Department of Insurance Division of Workers’ Compensation reported that the number of nonfatal occupational injuries and illnesses involving days away from work in private industry in Texas increased in...
