Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Mercury General Corp. to Report First Quarter Results on May 8, 2006
Apr 20 2006 // Los Angeles-based Mercury General Corp. reported that on May 8, it will release results for its first quarter ended March 31, 2006. The CEO George Joseph and President, Gabriel Tirador, will host an investor conference...
Munich Re AGM Sets Record Dividend; 2006 Outlook Optimistic
Apr 20 2006 // Shareholders at Munich Re’s Annual General Meeting on Wednesday April 19 were treated to some good news. Proposals by the reinsurer’s Supervisory Board and Board of Management were adopted by large majority of...
Survey: Commercial P/C Rates Hold Flat or Drop Slightly
Apr 20 2006 // Commercial property/casualty rates were flat or fell slightly during the first quarter of 2006, with renewal premiums for half of all account sizes holding steady or dropping between 1 percent to 10 percent in the first...
Allstate Stock Rises on Strong Forecast
Apr 20 2006 // Shares of Allstate Corp. rose Wednesday, after the insurance company outlined first-quarter performance and issued a strong outlook for the rest of the year. Stock of the Northbrook, Ill.-based company rose $3.08, or 5.9...
S&P Report on European Insurance Sector Sees Stable Ratings
Apr 19 2006 // A new report from Standard & Poor’s Ratings Services Ratings -“Industry Report Card: European Insurance-” has found that financial ratings in the European insurance sector are predominantly...
Study Calculates Impact of 1906 Bay Area Quake Today
Apr 18 2006 // If an earthquake like the one that devastated San Francisco, Calif., in 1906 struck today, the toll would be staggering: tens of thousands of buildings damaged and hundreds of people dead, according to a new study. The...
U.S. Injury Report: 50 Million Injuries a Year; Lifetime Costs Top $406 Billion
Apr 18 2006 // The lifetime cost of injuries occurring in a single year in the U.S. totals an estimated $406 billion in medical expenses and productivity losses, according to the Centers for Disease Control and Prevention. Nearly $80.2...
W.Va.’s Reversal of Workers’ Comp Policy Could Increase Rates
Apr 17 2006 // The sole workers’ compensation insurer in West Virginia says it will seek a rate increase as a result of Gov. Joe Manchin’s reversal of a state policy that limited benefits to widows and widowers of people who...
States balk at growing trend of federal preemption
Apr 17 2006 // Federal regulatory preemption is an “underhanded means by which unelected federal bureaucrats impose their will on the states,” charges New York Senator Michael Balboni, of the National Conference of State...
States balk at growing trend of federal preemption
Apr 17 2006 // Federal regulatory preemption is an “underhanded means by which unelected federal bureaucrats impose their will on the states,” charges New York Senator Michael Balboni, of the National Conference of State...
The language gives rise to a chicken or egg conundrum: Must the ensuing loss follow the mold, or is mold covered if it e
Apr 17 2006 // The debate over ‘ensuing loss’ continues Mold ‘crisis’ put spotlight on policy language Despite all the recent changes in policy forms, a number of claims still exist under policies using...
Declining rates fuel stand-alone terrorism market
Apr 17 2006 // With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by...
State Lawmakers Balk at Growing Trend of Federal Preemption
Apr 10 2006 // As Senate Banking committee members in Washington begin the debate over creating a new federal regulatory scheme for what is now state-regulated insurance, state lawmakers across the country are voicing their agitation...
Nationwide: Survey Shows Fuel Prices Drive Increased Motorcycling
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices. A written release issued by the Columbus,...
Insurance Clouds Future of Pa. Health System, Study Claims
Apr 9 2006 // Health care plays a significant role in Pennsylvania’s economy; however, the future of patient care is uncertain as problems with insurance and supply of services as well as increased demand for care combine to...
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
S&P Revises Outlook on Global Reinsurers to Stable; Teleconference Scheduled for Today
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
Declining Rates, Increasing Demand Fuel Stand-Alone Terrorism Market
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
Malaysia Embarks on 5-Year Plan to Liberalize Insurance Market
Apr 5 2006 // Malaysia to liberalize banking, insurance under five-year plan Received by Newsfinder from AP Mar 31, 2006 5:40 Eastern Time Malaysia will open its banking and insurance sectors to greater competition, including allowing...
EQECAT Warns on Increased Cat Risks, Models Need Updates
Apr 4 2006 // Rick Clinton, president of Oakland, Calif.-based EQECAT, Inc., a subsidiary of ABS Consulting, issued a stark warning to insurers, reinsurers, corporations, and government entities, urging them to be prepared for more...
