Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Affirms FSR for Lloyd’s Syndicate 609; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 609 (United Kingdom), which is managed by Atrium Underwriters...
AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
Mar 16 2006 // American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99...
Survey Explains Why Drivers Are Not Turned on By Using Signals
Mar 15 2006 // A new national survey reveals that 57 percent of American drivers admit they don’t use their turn signal when changing lanes, but what is most startling are the excuses drivers gave. According to Response Insurance,...
Hiscox Weathers Hurricanes, But 2005 Profits Decrease
Mar 14 2006 // Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last...
Increasing Cost of Insuring Mont. Jockeys Threatens Racing
Mar 14 2006 // Costs for insuring jockeys at Montana race tracks are going up, and some communities say the expense threatens their ability to continue holding races. Miles City, Mont., which hosts three days of horse racing, two of them...
JLT 2005 Profits Down 20%
Mar 8 2006 // Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and...
Generali Posts 15% 2005 Profit Rise to $2.3 Billion; Unveils Growth Plan
Mar 7 2006 // The Generali Group announced impressive preliminary results for 2005 and an ambitious growth plan at a general meeting yesterday, March 6, in Milan. 2005 profits rose 15 percent to €1.918 billion ($2.3 billion). The...
AUGIE Extends National Tech Survey Deadline Through March 19
Mar 7 2006 // In order to get the best possible results from this national survey, the ACORD-User Groups Information Exchange (AUGIE) has extended the period for agents, CSRs and other agency staff to complete the Agency Technology...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
Best Affirms FSR for Lloyd’s Syndicate 1225; Outlook is Stable
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Colo. wants industry to account for rising rates
Mar 6 2006 // The insurance industry came out strongly against a Colorado measure that would require it to disclose claims, payouts and rates, telling lawmakers a plan to increase regulation of their industry would drive up costs and...
Reinsurance treaty renewals show some premium increases
Mar 6 2006 // With the January renewal season now behind them, the world’s global reinsurers are collectively breathing a small sigh of relief. While premium increases in the U.S. met or exceeded expectations, especially along the...
Quanta Reports Increased Q4 Loss; Best Lowers Ratings
Mar 3 2006 // Quanta Capital Holdings Ltd. has reported preliminary financial results for the fourth quarter and full-year ended Dec. 31, 2005, “subject,” the company said, “to completion of review by its...
N.D. Survey Says Insurers Slow to Pay for Medicare Prescriptions
Mar 3 2006 // North Dakota pharmacists say they have been forced to borrow money because insurers are slow to pay the bills under a new Medicare prescription drug program. Nearly one in five pharmacists was forced to borrow money and...
Florida Auto No-Fault Claim Costs Climb as Injury Seriousness Declines
Mar 3 2006 // Florida personal injury protection (PIP) claim costs (claimed economic losses and actual claim payments) increased at double-digit rates between 2002 and 2005, far outpacing the rate of inflation, according to a new...
2005: A Rough Year for Swiss Re; Net Income Down 41% to $1.1 Billion
Mar 2 2006 // Big reinsurance companies also take big hits when natural catastrophes occur. So its not too surprising that Swiss Re’s 2005 earnings report reflects the overall losses from an exceptionally violent year. Net profits...
Survey Reports Katrina Doesn’t Move Many Homeowners to Protect Their Investment
Mar 2 2006 // Despite Hurricane Katrina’s devastation, a new survey says that most Americans are not very concerned about buying flood insurance for their homes. Only 14 percent of Americans say they have purchased flood insurance...
AXA Records Strong 2005; Net Profit up 12% to $4.98 Billion
Mar 1 2006 // France’s AXA Group announced big earnings increases for the year 2005 with net profits up 12 percent to €4.173 billion ($4.98 billion). “Last year, AXA showed strong growth momentum, particularly in Life...
CSC Surveys Report Cost Savings Opportunity with Electronic Payments
Mar 1 2006 // Computer Sciences Corporation made public the results of two U.S. surveys of property and casualty (P/C) insurance customers that reportedly show a large, untapped opportunity for cost control through electronic...
Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market
Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...
