Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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....
Guy Carp Publishes Global Terror Insurance Market Study
Jun 12 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published a new study on the “Global Terror Insurance Market.” It contains information from...
AXA, BNP Establish Partnership for Ukraine Insurance Market
Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...
N.C.: TriSure Names CEO, Restructures to Meet Future Growth
Jun 8 2007 // Raleigh, N.C.-based TriSure Corp. named John Cramer, a partner and co-founder, the firm’s new chief executive officer. The move stems from TriSure’s need to implement a management structure that positions it...
S&P Upgrades Russia’s Ingosstrakh to ‘BBB-‘; Outlook Stable
Jun 7 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Russian insurer Ingosstrakh Insurance Co. to “BBB-” from “BB+,”...
S&P Raises Neftepolis Outlook to Positive; Affirms ‘B+’ Ratings
Jun 7 2007 // Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer...
S&P Conference Report: Reinsurers Assess Present/Future Concerns
Jun 6 2007 // Standard & Poor’s Ratings Services’ 23rd annual insurance conference, – “In Pursuit Of Sustainable Earnings” – focused on the “highly profitable” 2006 results, and the...
Violent Crime Up, Property Crime Down in 2006, FBI Reports
Jun 6 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....
Texas AG cracks down on lender for ID theft exposure
Jun 4 2007 // Texas Attorney General Greg Abbott says Ohio-based CNG Financial Corporation and subsidiaries Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc. have been systematically exposing their...
La. sees rate decreases in workers’ comp filings
Jun 4 2007 // Workers’ compensation insurance rates are decreasing in Louisiana, according to Commis-sioner of Insurance Jim Donelon. Donelon attributes the positive change to a significant drop in loss costs for...
N.C. department declines to probe malpractice rates
Jun 4 2007 // The North Carolina Insurance Department said it won’t further investigate the state’s largest medical malpractice insurer, saying it disagrees with a trial lawyers’ association report accusing the company...
Survey: 75% of consumers satisfied with insurance agents; personalized service
Jun 4 2007 // Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new survey of 1,000 American consumers commissioned...
