Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Willis Tracks Q3 Financial, Executive, Professional Risks Trends
Nov 26 2007 // A new survey from Willis Group Holdings has found that “premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000 – the low point of the...
Florida Malpractice Insurance Rates Down 4 Years after Limits
Nov 25 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked...
Millea Group Ups Profit Forecast; Subprime Exposure $245 Million
Nov 20 2007 // Japan’s Millea Group – Tokio Marine, Nichido and Nissin Fire – increased its profit forecasts for the fiscal year ending March 2008 by Yen 7.7 billion ($70 million), despite some exposure to subprime...
Survey: 96 Million Households Lack Knowledge on Protecting Electronics
Nov 20 2007 // As the holiday shopping season unofficially kicks off this week, about 42 million American households plan to give or receive high-tech electronic products this year. However, about seven out of eight households...
Florida Regulators Deny Allstate Rate Increases
Nov 19 2007 // The Florida Office of Insurance Regulation issued Notices of Intent to disapprove five rate filings submitted by Allstate Floridian Insurance Co., Allstate Floridian Indemnity Co., Encompass Floridian Insurance Co., and...
Calif. Workers’ Comp Premium Rates Declining
Nov 18 2007 // The Workers Compensation Insurance Rating Bureau of California reported written premium for the first six months of 2007 at an estimated $6.9 billion, approximately 23 percent below the written premium reported for the...
New Players Enter the E&O Market … But Some Agents May Not See Rates Decline
Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...
Rate Increase OK’d for Texas Windstorm Insurance Association
Nov 16 2007 // Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday. Texas Insurance Commissioner Mike...
Survey: Corporate America Lags Behind in ERM Implementation
Nov 14 2007 // More corporate boards are driving enterprise risk management (ERM), but despite progress, ERM has yet to become embedded in most companies’ day-to-day activities, according to a survey of corporate executives. a...
Liberty Mutual to Grow Mass. Sales Force by 50% to Handle Auto
Nov 9 2007 // Liberty Mutual, the state’s fourth-largest auto insurer, announced plans to add 30 sales representatives in Massachusetts – a 50 percent increase – by the time the state implements new managed competition...
Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Mercury General Net Premiums Down in Q3, But Up in Calif.
Nov 7 2007 // Mercury General Corp., reported net income of $63.3 million in the third quarter of 2007, compared with $68.2 million for the same period in 2006. For the first nine months of 2007, net income was $193.2 million compared...
Calif. Workers’ Comp Insurance Rating Bureau: Premium Rates Declining
Nov 6 2007 // The Workers Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through June 30, 2007. According to the report, California written premium reported...
Small market share insurers file 2.5% decrease
Nov 4 2007 // 10 Mass. caps auto hikes at 10% Because the shooter was in an uninsured car, says N.J. court 12 Driving the transition An interview with Mass. Commissioner Burnes N1 Survey reports drop in new lawsuits Actions filed...
Wyoming Occupational Injury Rates Decline
Nov 4 2007 // The rate of nonfatal occupational injury and illnesses in Wyoming is on the decline, according to a Survey of Occupational Injuries and Illnesses conducted by the Wyoming Department of Employment, Research and Planning,...
Washington Medical Malpractice Claims Decreasing
Nov 4 2007 // A medical malpractice report on closed claims data indicates that claims are down in Washington. This is the third medical malpractice closed claim report issued by state Insurance Commissioner Mike Kreidler. It analyzes...
Calif. Aims for 5.2% Workers’ Comp Rate Increase
Nov 4 2007 // California’s Workers’ Compensation Insurance Rating Bureau has recommended that pure premium rates in the state be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In...
Survey: Calif.’s Hayward Fault “Ready to Pop”
Nov 4 2007 // Time is not on our side, when it comes to suffering damage from an earthquake along Northern California’s Hayward Fault, according to a new map by the U.S. Geological Survey. The USGS released a new map showing the...
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Calif. Sees Downward Trend in Workplace Injuries, Accidents
Nov 1 2007 // The California Department of Industrial Relations (DIR) announced that workplace injuries and accidents declined in California in 2006 in all but four of 19 key industries compared to 2005. Overall workplace injuries and...
