Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
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 entitled, “Raising the bar on liquor liability training.” (See...
Fla. Gubernatorial Hopefuls Focus on Rising Insurance Costs
Aug 31 2006 // Gerlinde Thomas doesn’t often get deeply involved in politics, and during a recent interview she wasn’t even 100 percent sure what party she’s in. “I think I’m a registered Democrat,”...
Drive Insurance Survey Asks Young Agents Their View on Industry Challenges, Opportunities
Aug 31 2006 // The future of any industry, including the independent insurance agency system, depends on the successful development and advancement of today’s young professionals. One event designed to help young agents master the...
Survey Says: Mass. Uninsured Population Down 19%
Aug 29 2006 // The number of Massachusetts residents without health insurance dropped 19 percent in the past two years, according to a survey released this week by the state’s Division of Health Care Finance and Policy. The survey,...
ABI Surveys ICAS Implementation
Aug 25 2006 // The Association of British Insurers has released the results of a survey on how its members are reacting to the implementation of Individual Capital Adequacy Standards (ICAS), which were introduced by the U.K.’s...
Insurers Failing To Hit ROI for IT Projects, Survey Says
Aug 25 2006 // While insurers are increasingly embracing the use of return on investment (ROI) to measure the success and failure of IT projects, many are failing to meet their own targets, according to a new survey released by...
A Year Later, Insurers Report 95% of Katrina Claims in La. and Miss. Settled
Aug 22 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...
Hurricane forecasts lighten up
Aug 21 2006 // Forecasters are saying that the 2006 Atlantic hurricane season should be slightly less active than earlier predicted. The National Hurricane Center and other National Oceanic and Atmospheric Administration agencies said...
N.H. Flood Insurance Sales Up 26%
Aug 17 2006 // The purchase of flood insurance in New Hampshire has risen by 26.2 percent since May of last year — a jump attributed to October’s flooding and some updated maps that identified new areas at risk. Policy purchases...
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,...
