Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
FBI Forms Task Force to Hunt Down ‘Gate Cutters’ Jewelry Theft Ring
Dec 1 2005 // The FBI today has formed The Gate Cutters Jewelry Task Force to partner with local police and the gem industry in trying to catch a team that has burglarized more than 50 jewelry stores on the East Coast, often by cutting...
S&P Revises Outlook on ACE, Australia & NZ to Stable
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
S&P Revises ACE Ltd. Outlook to Stable from Negative; Affirms Ratings
Nov 30 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+”...
Lloyd’s Ups Hurricane Losses to $3.27 Billion; Increases 2006 Capacity
Nov 30 2005 // Lloyd’s has issued an updated statement on the estimated financial impact on the market of Hurricanes Katrina, Rita and Wilma, based on the results gathered from “a Major Loss Return from each Managing...
Calif. State Fund Files an Average 16% Rate Decrease
Nov 29 2005 // California’s State Compensation Insurance Fund has filed an average rate decrease of 16 percent on new and renewal workers’ compensation policies with an effective date on or after Jan. 1, 2006. This marks the...
Wellington Increases Loss Estimates from Fall Hurricanes
Nov 28 2005 // The U.K.’s Wellington Underwriting plc, whose wholly owned subsidiary Wellington Underwriting Agencies Ltd. manages Syndicate 2020 at Lloyd’s, has released a further update about the extent of losses sustained...
Busiest Hurricane Season on Record Ends Nov. 30
Nov 28 2005 // Hurricane Season 2005 officially comes to a close Wednesday Nov. 30 and according to Tom Gallagher, Florida’s CFO, people will be dealing with the aftermath for years to come. Nationwide, this season was the busiest...
Competition Increases in Commercial Auto, But Not Too Much–Yet
Nov 21 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
RATE DECREASE GRANTED
Nov 21 2005 // The West Vir-ginia Mutual Insu-rance Company has been granted a 5 percent rate increase according to Insurance Commissioner Jane L. Cline. West Virginia Mutual filed for the rate decrease with the Offices of the Insurance...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 21 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
MONTANA AUDITOR ADDS TWO COMPANIES IN CAPTIVE INSURANCE MARKET
Nov 21 2005 // Montana State Auditor John Morrison approved two new Montana companies that can provide insurance in the captive insurance market. The State Insurance Depart-ment has licensed MHA Worker’s Compen-sation Reciprocal...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 20 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
Competition Increases in Commercial Auto, But Not Too Much-Yet
Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
No Workers’ Comp Premium Increases Scheduled in Washington
Nov 18 2005 // Washington’s Department of Labor and Industries (L&I) has announced there will be no general increase in workers’ compensation premiums for 2006. In late August, the agency proposed a 3.8 percent increase....
IFSL Report Notes 15% Decline in London Market Premiums in 2004
Nov 17 2005 // A report from International Financial Services, London (IFSL) notes that gross premiums on the London Market fell 15 percent in 2004 to £21.7 billion ($37.3 billion) According to a new edition of IFSL’s Insurance...
Survey Shows Minn. Workplace Injuries Continue to Decline
Nov 17 2005 // A recent Minnesota workplace survey shows the state’s injury and illness rate decreased by 3.6 percent in 2004, following an 8.3 percent decrease in 2003. A total of 105,500 nonfatal workplace injuries and illnesses...
Colo. Comp Premium to Decrease
Nov 15 2005 // Beginning Jan. 1, 2006, the standard premium for workers’ compensation in Colorado will decrease an average of 1 percent, as a result of an order signed by Colorado Insurance Commissioner David Rivera. Although...
S&P Report Indicates French Insurance Market Remains Stable
Nov 15 2005 // Standard & Poor’s Ratings Services has issued a report – “Insurance Industry Risk Analysis: France (Republic of),” which indicates that the rating agency is “maintaining its stable...
California Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 11 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates. This is his fifth consecutive decrease, which will bring the...
Alabama DOI Predicts Price Increases; Expects 50,000 Hurricane Claims
Nov 10 2005 // More than 50,000 claims are expected in Alabama from hurricane damage according to Ragan Ingram, assistant insurance commissioner for the Alabama Department of Insurance. He said, however, that complete cost estimates...
