Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Chicago Exchange, Carvill Ready Hurricane Futures for Insurers
Feb 20 2007 // The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, announced last week that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The...
Lloyd’s Raises Novae Syndicate Assessment To ‘2+’; Outlook Stable
Feb 20 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable...
Ohio Auto and Homeowners’ Rates Decrease in 2006
Feb 15 2007 // The Ohio Department of Insurance recently announced that the average rates for the state’s top 10 auto and homeowners insurers – which represent 72 percent of both markets – decreased 1.2 percent and 0.8...
Fitch Affirms Max Re Ratings; Off Watch/Negative; Outlook Stable
Feb 13 2007 // Fitch Ratings has affirmed the “A” insurer financial strength ratings of Max Re Ltd. and its Dublin-based subsidiaries, Max Re Europe Limited and Max Insurance Europe Limited. Fitch also affirmed the...
Sales of flood insurance up sharply
Feb 12 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 12 2007 // Despite slow-down, industry still anticipates underwriting profits Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall...
Sales of flood insurance up sharply
Feb 11 2007 // Sales of federal flood insurance rose sharply across the country last year after homeowners witnessed the devastation wrought by Hurricane Katrina and realized that typical insurance policies didn’t cover many...
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...
