Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
N.C. Auto Rates Decrease 2.5 Percent
Feb 3 2006 // An agreement has been reached between the North Carolina Rate Bureau and the Department of Insurance in which Commissioner Jim Long ordered a 2.5 percent decrease in auto rates. The approved rate level change for each...
Brit Forecasts Upbeat Profit Picture
Feb 2 2006 // Brit Insurance Holdings PLC, the UK-based international general insurer and reinsurer, has issued a positive earnings forecast for 2006. The company based its estimates on a “good performance both in its...
New Database Tracks Management Liability Claims; Finds Lawsuits Up 33%
Feb 2 2006 // Since 2002, the average number of separate lawsuits associated with a single securities-related event – such as the collapse of Enron – has jumped 33 percent, and suits against underwriters, banks, brokers and...
‘Big I’ Says Survey Will Help Strengthen Independent Agency System
Feb 1 2006 // The Independent Insurance Agents & Brokers of America is encouraging all members of the independent agency system to take part in the ACORD-User Groups Information Exchange’s (AUGIE) benchmark Agency Technology...
New Orleans Levee Board Questions Premium Increase from St. Paul
Feb 1 2006 // The New Orleans Levee Board said this week it would review other options for its excess general liability coverage from St. Paul Travelers when it discovered the insurer wants to charge almost eight times more than the...
N.C. Case to Result in $404M Savings, 2.5 Percent Overall Auto Rate Decrease
Feb 1 2006 // North Carolina Insurance Commissioner Jim Long has signed an order requiring a 2.5 percent reduction in private passenger auto rates and a 6 percent reduction in motorcycle liability rates, effective May...
Chubb Sees Q4 Net Income of $614M; Up from 2004 Performance
Jan 31 2006 // The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004. Operating income, which the company...
In Conn., Victims, Trucking Firm Team Up Against Insurer to Claim Coverage
Jan 31 2006 // Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company at the center of the litigation. To...
S&P Maintains Positive Outlook on NZ’s Simply Insurance
Jan 31 2006 // Standard & Poor’s Ratings Services announced that its “B” insurer financial strength rating on Simply Insurance New Zealand Ltd. remains on CreditWatch with positive implications. S&P explained...
MetLife Study: Almost One-Quarter of Workers Changed Jobs Last Year
Jan 30 2006 // With nearly one-quarter (22 percent) of all employees changing jobs over the past 18 months — and 74 percent of businesses expecting competition for talent to escalate over the next 18 months...
Survey Confirms 4th Quarter Spike in Property Insurance Rates Due to Hurricanes
Jan 30 2006 // Property insurance rates increased sharply in the fourth quarter of 2005, according to the RIMS Benchmark Survey by the Risk and Inurance Management Society Inc. Reversing a two-year trend of steadily falling property...
Mass. Economic Warning: Insurance Market Short on Capital
Jan 27 2006 // Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth’s insurance regulator is...
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
CIAB Survey Shows Wind, Flood Coverage Issues for Coastal Property
Jan 24 2006 // Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according...
Despite Rising “Cyber Crime” Threat Available Coverage Often Ignored
Jan 23 2006 // While most companies are well aware of the threats “cyber crime” poses to their computer systemsand data bases, many of them remain unaware of the availability of coverage to help deal with the damages caused...
Ohio Insurance Dept. Announces Malpractice Premiums Going Down
Jan 23 2006 // The Ohio Department of Insurance recently announced that years of escalating premiums for medical malpractice insurance for the state’s doctors may be ending. For the first time in six years, an insurer is lowering...
Global Catastrophe Reinsurance Price Increases Lower Than Expected
Jan 23 2006 // Although the overall market trends in both pricing and terms and conditions will not be fully developed until the July 1, 2006, Florida renewals are complete, and Standard & Poor’s says it is concerned that the...
Insurance Education Association & CPCU Host Forecasting the Future Educational Forum
Jan 23 2006 // The Insurance Educational Association and Chartered Property Casualty Underwriters Society’s (CPCU) Mt. Diablo chapter will be hosting its 7th Annual Educational Forum, “Forecasting the Future,” on...
Analysts predict faster P/C premium growth, underwriting profit
Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...
Emerging environmental risks pose problems for underwriters
Jan 23 2006 // Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as such tasks are when examining well-known...
