Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
IAG Announces Plan to be ‘Carbon Neutral by 2012’
Nov 17 2006 // CEO Mike Hawker announced at the Insurance Australia Group Limited’s annual general meeting that IAG intends to make its global operations “carbon neutral within five years.” “As an insurance...
New Research Center in Miss. Aims for Better Hurricane Forecasts
Nov 15 2006 // Scientists at a new research institute are studying ways to improve hurricane forecasts and protect the U.S. Gulf Coast’s natural resources from storms, the National Oceanic and Atmospheric Administration...
La. State Insurance Program to Seek rate Increases
Nov 15 2006 // Louisiana Citizens Property Insurance Corp., the state’s insurer of last resort, wants to increase homeowners rates by an average 31.7 percent for its 135,000 policyholders. Citizens, the third-largest insurer in the...
Ohio Department Says Malpractice Insurance Rates Decrease for Docs
Nov 10 2006 // Four of the state’s five largest medical malpractice insurers have revised their rates to produce an average decrease of almost 2 percent for Ohio doctors this year, following years of increases, the Ohio Department...
ABI Study Warns of Increased Flood Risk in Eastern U.K.
Nov 10 2006 // The Association of British Insurers (ABI) has issued a new report that warns of the dangers of increased flooding in Eastern England. Among other findings, the report, which was compiled using data supplied by Calif.-based...
Allstate Floridian Reduces Rate Increase Request
Nov 10 2006 // Allstate Floridian Insurance, the state’s third largest home insurer, is lowering its proposed rate increase in the face of resistance from state regulators. The company said that it was still seeking a rate...
N.J. Indicts Pa. Man for Alleged Role in ‘Give Up’ Auto Fraud
Nov 9 2006 // A Pennsylvania man has been indicted for his alleged role in an auto theft and insurance fraud ring in New jersey, accrding to state officials. New Jersey Attorney General Stuart Rabner and Division of Criminal Justice...
Under Construction: The Green Property Insurance Market
Nov 7 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Calif. auto body regulations would increase rates
Nov 6 2006 // California policyholders would see their automobile insurance premiums increase, under proposed Department of Insurance regulations that mandate payments to auto body shops for insured repair work, according to three...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 6 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
Survey: Commercial market softens, insurer appetite increases
Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
UNDER Construction: The Green Property Insurance Market
Nov 6 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Litigation trends continue to mount worldwide, report says
Nov 6 2006 // Insurers face five times the average number of lawsuits than other economic sectors Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 5 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Litigation trends continue to mount worldwide, report says
Nov 5 2006 // News Currents Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage...
Health Care Costs Rise Faster Than Income in Texas, Report Says
Nov 2 2006 // Health care premiums in Texas rose nearly 71/2 times faster than working families’ incomes over the past six years, according to a report released Oct. 30 by a consumer health advocacy group. Families USA of...
IIAT Survey Finds Texas Coastal Insurance Market Tighter; More Costly
Oct 31 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Home design changes can increase risk
Oct 23 2006 // Homeowners’ quest for convenience might outweigh potential maintenance risks when it comes to new-home construction, according to a recent examination of building trends by Seattle-based PEMCO Insurance. According to...
