Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
NEIGHBORS SEEK TO DRAIN N.Y. CITY’S WATER RESEVOIRS TO STEM FUTURE FLOODING
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Another report details property/casualty insurers’ 2006 profitability, escape from storms
May 7 2007 // Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in...
Study: Obese workers drive up workers’ compensation costs
May 7 2007 // Gaining too much weight can be as bad for an employer’s bottom line as it is for a person’s waistline. A Duke University Medical Center analysis found that obese workers filed twice the number of workers’...
Neighbors seek to drain N.Y. City’s waterreservoirs to stem future flooding
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Oregon bill could increase maximum allowable liability limits
May 7 2007 // The Oregon Senate Judiciary Committee is considering increasing the maximum liability limits that may be awarded for damage claims against government agencies. Meanwhile, the state Supreme Court is evaluating arguments on...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Munich Re Q1 Net Stable; Announces Future Plans
May 4 2007 // Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results,...
S&P Rates Tryggingamidstödin ‘BBB’; Outlook Stable
May 3 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Icelandic insurer Tryggingamidstödin hf. (TM) with a stable...
UK Survey Targets Women’s View of Male Drivers Irritating Habits
May 3 2007 // A survey from the UK’s Diamond, an automobile insurer that specializes in coverage for women drivers, reveals some of their male counterparts most irritating driving habits. While Diamond’s survey, which...
Total Cost of Risk Continues Downward Trend, RIMS Survey Finds
May 2 2007 // The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and...
New Chubb D&O Form Addresses Trends Outside the U.S.
Apr 30 2007 // In response to changes in insurance regulations and more stringent corporate governance requirements worldwide, the Chubb Group of Insurance Companies has introduced a Difference in Limits/Difference in Conditions...
Munich Re AGM Highlights Improved Results, Future Plans
Apr 27 2007 // Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future. Shareholders got...
HRH 1st Quarter: Acquisitions Help Drive Revenues as Rates Decline
Apr 25 2007 // Insurance broker and rsk management firm Hilb Rogal & Hobbs Co. reported 2007 first quarter total revenues were $198.2 million, compared with $183.8 million in the 2006 first quarter. Commissions and fees were $192.2...
Survey: California Susceptible to Class Action Lawsuits
Apr 25 2007 // California’s class action law ranks 46th in the nation in fairness and reasonableness, according to an annual national ranking of state civil justice systems. The rankings were released today by the U.S. Chamber of...
Study: Obese Workers Drive Up Workers Compensation Costs
Apr 25 2007 // Gaining too much weight can be as bad for an employer’s bottom line as it is for a person’s waistline. A Duke University Medical Center analysis found that obese workers filed twice the number of workers’...
Freeing Streams of Debris Might Help Control Flooding in Future
Apr 24 2007 // When streams and rivers throughout West Virginia surged over their banks last week, causing millions of dollars of damage, Garrett Fork in Logan County was virtually alone in not flooding. That’s no anomaly: county...
Premium growth: Should it be measured by company or by group?
Apr 23 2007 // Henry Miller, the author of “The Absolute Collective,” once said that “all growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience.” Although he spoke of...
2007 Agency Salary Survey says …
Apr 23 2007 // More than a 1,000 insurance agencies nationwide responded to the 2007 Agency Salary Survey published in the March 12, 2007, issue of Insurance Journal. While Insurance Journal published the survey results in its annual...
Coastal population growth contributing to high cost of property coverage
Apr 23 2007 // The U.S. population in hurricane-prone coastal states continues to rise, a trend that is likely to impact adversely the nation’s coastal property insurance market for years to come, according to Dr. Robert Hartwig,...
