Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Calif. workers’ comp written premiums down 17%
Jul 2 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
Survey: N.D. Workers’ Comp Staff Distrust Top Managers; Like Their Jobs
Jun 29 2007 // Most employees at North Dakota’s workers’ compensation agency distrust senior managers and believe department policies often are applied unfairly, a new survey says. However, most workers said they enjoyed...
Recipe for Lawsuit: Restaurant Serves Up Intellectual Property Claim
Jun 28 2007 // One Manhattan restaurant is serving up an intellectual property lawsuit, saying a rival seafood bar run by a former protege copies “each and every element” of its business. Rebecca Charles, who opened the Pearl...
75% of Auto Insurance Shoppers Who Met with Poor Service Switch Carriers, Survey Finds
Jun 27 2007 // While 33 percent of auto insurance consumers who shop because of price ultimately switch carriers, nearly 75 percent of those who shop because they have experienced poor customer service switch carriers, according to the...
State Farm Announces Rate Decrease for W. Va. Homeowners
Jun 25 2007 // Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West...
Risk Management Solutions Sets Up Multi-Peril Catastrophe Swap
Jun 25 2007 // Newark, Calif.-based Risk Management Solutions (RMS), a risk modeling company, has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe...
Tiger, Phil Missing But New Sponsor Travelers Boosts Tournament’s Outlook
Jun 22 2007 // Tiger Woods is at home with his new baby. Phil Mickelson is home babying an injured wrist, and Angel Cabrera is back home in Argentina celebrating his U.S. Open win. Despite the absence of those names, there was a feeling...
Survey: Inlanders Oppose Subsidies for Risky Drivers, Coastal Homes
Jun 20 2007 // A new survey is reporting that 80 percent of drivers and 64 percent of homeowners in non-coastal areas in two states disagree with state insurance pricing regulations that benefit risky drivers and homeowners in high-risk...
Calif. Workers’ Comp Written Premiums Down 17% in Q1
Jun 20 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
Violent and property crime down in Northeast, reports FBI
Jun 18 2007 // Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the FBI. Violent crime was up, except in the Northeast....
Calif. State Fund files 11% premium decrease
Jun 18 2007 // California’s State Compensation Insurance Fund announced it filed for an 11 percent average decrease in collectible premium for its July 1, 2007, workers’ compensation insurance rates. The new rates will affect...
Brokers’ stock prices up 8%; 23 M&As posted in April and May
Jun 18 2007 // Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity...
Workers’ comp writers report best underwriting results in decades
Jun 18 2007 // The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the...
Private Sector Summit to focus on Florida property insurance market
Jun 18 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of HB 1A. How to respond to and manage those mandates will be the focus of...
Rising Medical Costs Could Cripple New England Economy, Report Warns
Jun 15 2007 // New England’s aging population, an epidemic of preventable illness brought on by the obesity epidemic and the high cost of medical care could combine to cripple the region’s economy, according to a new...
FBI Breaks Up Large East Coast Auto Theft Ring
Jun 14 2007 // The FBI said it has broken up an East Coast auto theft ring that retagged and sold hundreds of stolen vehicles. The ring had been operating since 1999, stealing vehicles and creating phony certificates of title to match...
So How Prepared for the Unexpected Are Americans? Survey Says…
Jun 13 2007 // As the 2007 hurricane season opens, memories of the horrible 2005 season may have begun to fade from people’s memories, especially as the 2006 season was relatively storm free. But, with one named storm already in...
R&M: Issues Report on UK Direct Insurance Market
Jun 13 2007 // Research and Markets announced the addition of an UK “Direct Insurance Market Report 2007” to their offering. The research firm’s bulletin noted that direct insurance has increasingly become the...
Best Affirms Glencoe, Subs Ratings; Revises Outlooks to Positive
Jun 13 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and issuer credit ratings (ICR) of “a-” for the operating subsidiaries of Bermuda-based Glencoe Group Holdings Ltd....
S&P: 2007 Mid-Year Outlooks for U.S. P/C Teleconference Today
Jun 12 2007 // Standard & Poor’s Ratings Services will hold a telephone conference call today, June 12, 2007, at 11:00 AM Eastern Standard Time, 4:00 PM U.K. Time, to present an overview of its ratings outlooks for the U.S....
