Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Sales of flood insurance up sharply
Feb 11 2007 // Sales of federal flood insurance rose sharply last year. From November 2005 to November of last year, the number of federal policies jumped more than 13 percent, far more than normal. Sales in coastal and other vulnerable...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 11 2007 // News Currents Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals...
Insuring the Future Continuing Education Scheduled for April 12
Feb 8 2007 // The Insurance Educational Association (IEA) and Mt. Diablo Chapter CPCU will present a continuing education-approved program addressing cutting-edge insurance issues on Thursday, April 12 from 8 a.m. to 12 p.m. The event...
Fla. Gov. Crist Visits Citizens Catastrophe Response Center; Claims Count Rising
Feb 7 2007 // Gov. Charlie Crist talked with Citizens Property Insurance Corporation catastrophe response employees Tuesday at one of four Emergency Operations Centers serving Central Florida residents affected by tornadoes and high...
Utah Captive Insurers Increased 114.3 Percent in 2006
Feb 6 2007 // The Utah Insurance Department has announced a 114.3 percent increase in the number of licensed captive insurers in 2006. As of Dec. 31, 2006, assets of Utah Captive Insurance Companies totaled approximately $41.4 million,...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
Transatlantic 2006 Net Income up 1130% over 2005
Feb 5 2007 // Transatlantic Holdings, Inc. reported that its net income for the year ended December 31, 2006 was $428.2 million, or $6.46 per common share (diluted), compared to $37.9 million, or $0.57 per common share (diluted), in...
Report: ID Theft Down; Key Risk Factors Include Age, Income
Feb 2 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
Calif. Permanently Disabled Return-to-Work Rates Up 5%
Feb 1 2007 // California’s Division of Workers’ Compensation (DWC) has released return-to-work rate information on permanently disabled workers that shows a more than five percent average increase in return-to-work rates for...
RMS Adds Herweijer as Principal Scientist, Future Climate
Feb 1 2007 // Newark, Calif.-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has appointed Dr. Celine Herweijer to the position of principal scientist, future climate....
Carvill Issues 2006 Hurricane Report
Jan 31 2007 // ReAdvisory, the analytical arm of specialty reinsurance intermediary Carvill, has released a white paper titled: “2006 Atlantic Hurricane Season in Review,” which examines recent weather patterns in the...
Corporate Governance, Capital Drive D&O Liability Prices Down
Jan 30 2007 // Changing corporate governance practices and excess capital in the insurance market have made directors and officers (D&O) liability premiums drop in recent years, according to Advisen Ltd., a provider of analytics,...
ProMutual Plans No Rate Increase in 2007 for Mass. Physicians
Jan 29 2007 // Medical Professional Mutual Insurance Co. (ProMutual) will not increase its rates for physicians, surgeons, dentists and certified nurse midwives in Massachusetts for 2007. If the proposed rates are approved, the company...
Now Is No Time to Ease Up on Loss Prevention, Warns Risk Expert
Jan 29 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
S&P Revises Nürnberger Outlook to Negative
Jan 26 2007 // Standard & Poor’s Ratings Services has revised its outlook to negative from stable on the counterparty credit and insurer financial strength ratings of German life insurer Nürnberger Lebensversicherung AG (NLV)...
S&P Raises Southern Rock Ratings To ‘BB’; Outlook Stable
Jan 26 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Gibraltar-based non-life insurer Southern Rock Insurance Co. Ltd. to “BB”...
Washington Fraud Unit Collections Up in 2006
Jan 25 2007 // Washington’s Department of Labor and Industries (L&I) said its fraud program collected $135 million in fiscal year 2006, a 29 percent increase over the previous year. In addition, the department recovered...
Survey: Commercial Prices Continue Declining in Non-Catastrophe Areas
Jan 24 2007 // Commercial insurance premiums continued their decline in all but catastrophe-exposed areas during the fourth quarter of 2006, with insurers willing to lower prices and place fewer restrictions on coverage to get new...
Flood Policy Sales Rise 24% in Texas
Jan 11 2007 // The popularity of federal flood insurance policies in Texas is on the rise, according to the Insurance Council of Texas. ICT reported that Federal Emergency Management Agency (FEMA) records show that the number of flood...
Future predictions
Jan 8 2007 // People ring in the New Year with all sorts of traditions. New Yorkers drop a Waterford crystal ball in Times Square. Japanese families shoot off fireworks to keep evil spirits away. And in the South, a meal of cornbread...
