Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Affirms NZ’s Pioneer ‘B+ Rating; Revises Outlook to Negative
Sep 14 2006 // A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) of New Zealand’s Pioneer Insurance Company Limited, but it has revised the outlook to negative from stable. Best also assigned...
House Subcommittee Hears Testimony on Coastal Insurance Market
Sep 13 2006 // The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, heard testimony today from industry advocates to discuss the need for public and private sectors to work...
Guy Carpenter Releases Annual Specialty Program Market Survey
Sep 13 2006 // Guy Carpenter & Company Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has released its second annual survey of domestic insurance companies that write substantial...
Businesses Help Bring Down Hawaii Workers’ Comp Insurance Rates
Sep 12 2006 // The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 12.3 percent in the workers’...
Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move
Sep 12 2006 // U.K.-based specialty and Lloyd’s insurer Hiscox plc posted a mixed first half performance. According to its recently published statement gross premiums written rose 43 percent to £625.1 million ($1.167 billion)...
Ohio Workers’ Comp Costs Rise Despite Drop in Claims
Sep 11 2006 // Payments from Ohio’s investment fund for injured workers to companies that manage cases have jumped more than 40 percent since the arrangement began, though the state is seeing about half as many claims, according to...
Inductis Notes ‘Emerging Trends in Auto Insurance Pricing’
Sep 11 2006 // Inductis, a global management consulting and analytics services firm, has released a white paper on “Emerging Trends in Auto Insurance Pricing.” The paper, written by Mr. Arnab Dey, a Principal, Ritesh...
Guy Carpenter Study Shows Big Rate Increases in U.S., Mexico
Sep 8 2006 // On the eve of the Reinsurance Rendezvous in Monte Carlo, Guy Carpenter & Company, the risk and reinsurance specialist of the Marsh & McLennan Companies has published its annual, comprehensive study of the global...
Best Affirms Converium’s ‘B++’ Rating; Outlook Raised to Positive
Sep 8 2006 // Close, but no cigar, more or less describes A.M. Best’s affirmation of the financial strength rating – “B++” (Very Good) – and the issuer credit rating (ICR) – “bbb+” –...
Domestic Terrorism Threat on the Rise, Says FBI Chief
Sep 8 2006 // FBI Director Robert Mueller sees a rising threat from homegrown terrorists, but he cautions that foreign groups are far from vanquished and still consume more bureau resources. “We have certainly hundreds” of...
Texas Liability Reforms of 2003 Paying Off, Study Says
Sep 8 2006 // Sick and injured Texans now have more physicians who are more willing and able to give them the medical care they need, closer to home thanks to the state’s 2003 health care liability reforms, according to the...
Montgomery Insurance Beefs Up N.C. Claims Force
Sep 6 2006 // Montgomery Insurance, a member of Liberty Mutual Group, is adding to its field claim operations in western North Carolina to expedite claims processing for its policyholders and appointed agents in this part of the...
State Farm Files for Double-Digit Homeowners Rate Decrease
Sep 6 2006 // California’s largest homeowners insurance company has requested at 10.6 percent reduction in homeowners’ insurance rates for its 1.2 million policyholders in California, according to the Department of...
What’s Next in Terrorism Insurance Market…and Politics?
Sep 5 2006 // Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance...
R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009
Sep 5 2006 // Dublin-based consultants Research and Markets has produced a report, “Five Factors That Will Shape the Future of UK General Insurance,” which “provides five key predictions for the state of the UK general...
Kentucky Workers Comp Loss Costs Down 9.3%
Sep 5 2006 // The latest industry loss cost filing approved for Kentucky workers compensation shows an average reduction of 9.3 percent for the 564 industrial classes. These classes include manufacturing, office and clerical,...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal titled, “Raising the bar on liquor liability training.” (See...
A year later, insurers report 95% of Katrina claims settled in La. and Miss.
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
