Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Northeast’s DCAP Feels Assigned Risk Decline But Focuses on Growth
May 17 2006 // DCAP Group, Inc., a large chain of independent storefront insurance agencies in the Northeast, reported that first quarter 2006 total revenues were $2,867,690, a decline from the prior year amount of $3,208,073. Net income...
Lloyd’s Releases 2005 Annual Report
May 17 2006 // Lloyd’s has released its official 2005 annual report. The package also contains a report from acting CEO Luke Savage, a statement from Lloyd’s Chairman Lord Peter Levene and a detailed breakdown of...
Conning Research: M&A Activity May Ramp Up in 2006-2007
May 16 2006 // Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to a new study by Conning Research and...
State Farm Seeks Homeowners Rate Increase in Florida
May 15 2006 // State Farm Insurance Co. is seeking to boost premiums by an average of about 70 percent in Florida, the company said Friday. If approved by state regulators, the increase would be effective Aug. 15. The Bloomington,...
Premiums, Income Down for Mich.-based North Pointe in Q1
May 12 2006 // North Pointe Holdings Corporation, Southfield, Mich., reported financial results for the first quarter ended March 31, 2006. According to the company, gross premiums written amounted to $45.6 million in the first quarter...
South Carolina Car Theft Rate Continues to Rise
May 12 2006 // The number of vehicles stolen in South Carolina has risen for the seventh year in a row. According to the National Insurance Crime Bureau’s (NICB) annual report on auto theft rates, Hot Spots, there were nearly...
Americans Increasingly Traveling Overseas for Cheaper Surgeries
May 10 2006 // Americans looking to save money on medical procedures are increasingly traveling overseas for surgeries not covered by their insurance to avoid costly hospital stays in the United States. The trend is being driven by...
Post Spitzer, Merger Activity Picking Up, Says Mystic Capital
May 9 2006 // Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management...
Auto Theft Declines for Second Straight Year; West Leads Nation in Car Theft
May 9 2006 // Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top ten areas with the...
Effort Begins to Educate Californians about Pending Auto Insurance Rate Increases
May 8 2006 // A group of local elected officials, chambers of commerce, tax groups and insurance companies announced that Californians to Stop Unfair Rate Increases (CSURI) will begin distributing educational information to Californians...
International poll finds rising concern among 30 countries over global warming
May 8 2006 // A 30-country poll finds large majorities in all countries believe climate change is a serious problem. No country has more than one in five saying it is not a serious problem. The poll of 33,237 people from all major...
Study calculates impact of 1906 Bay Area earthquake today, preparedness for another
May 8 2006 // If an earthquake like the one that devastated San Francisco, Calif., in 1906 struck today, the toll would be staggering: tens of thousands of buildings damaged and hundreds of people dead, according to a new study. The...
Survey: Risk managers spent more on disaster preparedness, catastrophe management
May 8 2006 // Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe...
Editor’s Note: Asbestos reform gaining momentum in the states
May 8 2006 // Insurers who support the bills now being considered in Michigan say that with reform, resources could be properly allocated to those who are truly ill, and that courts won’t be overburdened with cases that often seek...
International poll finds rising concern among 30 countries over global warming
May 8 2006 // A 30-country poll finds large majorities in all countries believe climate change is a serious problem. No country has more than one in five saying it is not a serious problem. The poll of 33,237 people from all major...
Nationwide Survey Reveals ‘Top 10 Pet Peeves of the Road’
May 5 2006 // With more than 30 million Americans expected to hit the road this Memorial Day weekend Traverse City, Mich.-based the Hagerty Collector Network surveyed thousands of members nationwide to uncover America’s “Top...
Research Center to Unveil New Hurricane Loss Prediction Model
May 5 2006 // The first public model to project hurricane losses for the State of Florida has been completed by the International Hurricane Research Center in Miami, Fla. The new model already has produced excellent figures on Hurricane...
Texas Agent Group Supports Increase in Windstorm Limits
May 4 2006 // The Independent Insurance Agents of Texas announced its support of the proposal by the Texas Windstorm Insurance Association (TWIA) to increase commercial and government building limits to $3 million. IIAT Executive...
Accenture Survey Finds European Insurers See Positive Impacts from Solvency II Accounting Standards
May 3 2006 // A survey conducted by Accenture, the global management consulting, technology services and outsourcing company, has concluded that the majority of European insurers believe that “Solvency II will improve their...
