Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
U.K. Climate Study Warns of Increased Disaster Risk for Next 200 Years
Aug 15 2006 // In one of the most somber assessments yet of the consequences of global warming, scientists at the U.K.’s University of Bristol (http://www.bris.ac.uk.) warned: “As temperatures rise with global warming, an...
Best Affirms Glacier Re ‘A-‘ Ratings; Off Review; Outlook Negative
Aug 15 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Swiss-based Glacier Reinsurance AG. Best also removed the ratings from...
Occupational Fatalities Increased in Texas in 2005
Aug 14 2006 // In 2005, Texas recorded a 12.5 percent increase in work-related fatalities, according to the Texas Department of Insurance, Division of Workers’ Compensation (DWC). A total of 495 fatal occupational injuries occurred...
Mass. FAIR Plan Rate Increases Approved to Start Oct. 1
Aug 14 2006 //
Okla. Private Sector Job Deaths Decline During 2005
Aug 11 2006 // The Oklahoma Department of Labor reported that fatalities in private sector workplaces fell slightly in 2005. According to a report released by the DOL, Overall, 84 private sector job deaths were recorded in 2005, down two...
Private Tipster Trips Up Slip-and-Fall, Says Pa. Fraud Unit
Aug 9 2006 // Pennsylvania Attorney General Tom Corbett has initiated criminal charges against a Lancaster County man in connection with an apparent “slip and fall” insurance fraud scheme. Corbett said agents with the...
ProAssurance Closes on PIC Wisconsin; Premiums Grow 4% in 2Q
Aug 8 2006 // ProAssurance Corporation in Birmingham, Ala. reported net income for the second quarter of 2006 of $30.0 million, or $0.90 per diluted share. For the six months ended June 30, 2006 net income was $167.3 million, or $4.95...
NYMAGIC: Premiums Up 36%, Led By Excess Workers’ Comp
Aug 8 2006 // NYMAGIC, Inc. reported net earnings for the three months ending June 30, 2006 were $6.1 million, or $.67 per diluted share, compared with $5.0 million, or $.56 per diluted share, for the second quarter of 2005. Net...
Ind. Conseco Shares Fall on 2nd Quarter Losses, Change in Outlook
Aug 7 2006 // Carmel, Ind.-based Conseco Inc. stock fell after the company swung to a second-quarter loss and trimmed its full-year outlook. The weak results were partly due to higher-than-expected claims in the insurance holding...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
A lot can happen in the auto dealers’ insurance market
Aug 7 2006 // Even with a wave of consolidation through the industry, the number of new and used auto dealerships in the U.S. is close to 100,000, meaning most independent agents have multiple dealers in their own backyards. “We...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
A lot can happen in the auto dealers’ insurance market
Aug 7 2006 // Even with a wave of consolidation through the industry, the number of new and used auto dealerships in the U.S. is close to 100,000, meaning most independent agents have multiple dealers in their own backyards. “We...
Swiss Re 1st Half Profit up 16% to $1.27 Billion
Aug 4 2006 // Swiss Re reported a successful first half of 2006 with net income of CHF 1.566 billion ($1.27 billion), a 16 percent increase compared to a strong first half of 2005. Annualized return on equity was 13.9 percent and...
USAA Insurance Seeks Approval for 22 Percent Rate Decrease
Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...
RenRe Posts Q2 Results, 32% Increase in Cat Premiums
Aug 2 2006 // Renaissance Re, Bermuda’s leading property catastrophe reinsurer, posted net income of $130.4 million, or $1.81 per common share, for the second quarter of 2006, compared to net income of $172 million or $2.39 per...
Guy Carpenter Beefs Up London Trade Credit/Political Risk Team
Aug 1 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, has beefed up its London-based Political Risk and Trade Credit practice with the addition of six...
Outlook For China’s Insurance Sector Now Positive
Jul 30 2006 // Standard & Poor’s Ratings Services revised its outlook on China’s insurance sector to positive from developing to reflect expectations that the financial strength of the overall industry will improve over...
Miss. Approves 90% Increase in Wind Pool Rates for Homeowners
Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the...
Commerce Net Earnings Down in 2d Quarter But Up for First Half
Jul 28 2006 // The Commerce Group, Inc. reported 2006 second quarter results showing net earnings were $58.6 million, or $0.86 per diluted share, compared to net earnings of $62.6 million or $0.92 per diluted share for 2005. Included in...
