Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Chubb Increases Limits on Law Firm Package Policy
Mar 27 2006 // The Chubb Group of Insurance Companies has enhanced its Customarq for Law Firms policy to included increased limits and key policy enhancements at no extra cost. Chubb has increased Customarq’s automatic blanket...
California Proposes Decrease in Workers Comp Pure Premium Rates
Mar 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of a 16.4 percent decrease in advisory pure premium rates to be effective July 1, 2006, on new and...
Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
Mar 23 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
SCOR 2005 Net up 75% to $158 Million
Mar 23 2006 // France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings...
R&SA’s U.S. Operations Ratings Cut To ‘BB’; Outlook Negative
Mar 23 2006 // Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on Royal & Sun Alliance Insurance Group PLC’s U.S. insurance operations to...
Study: Lower Speed Limit for Trucks Increases Accidents
Mar 22 2006 // A new transportation study by University of Arkansas researchers reveals that different speed limits for cars and large trucks on rural, interstate highways lead to greater speed variation and a higher number of vehicles...
Best Affirms R&SA’s Ratings; Revises Outlook to Stable
Mar 21 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the U.K.’s Royal & Sun Alliance Insurance...
Independent Agents Grew Market Share by $12 Billion in 2004
Mar 20 2006 // In 2004, the property-casualty market grew to $457.68 billion in direct written premium, with the overall market increasing by $20.69 billion. During this time, the independent agency system amassed a nearly $12 billion...
S&P Ups Eureko Outlook to Positive
Mar 20 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the holding companies and core operating entities of Netherlands-based insurance group Eureko to positive from stable,...
Texas, Louisiana surplus lines premium decreases in 2005
Mar 20 2006 // Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana,...
Harleysville Group Inc. Outlook Revised To Stable
Mar 17 2006 // Standard & Poor’s Ratings Services has revised its outlook on Harleysville, Pa.-based Harleysville Group Inc. to stable from negative. Standard & Poor’s also said that it affirmed its...
Insurance Educational Association Forecasts the Future
Mar 17 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...
Best Affirms FSR of Hang Seng Insurance Co. Ltd.; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and assigned an issuer credit rating of “aa-” to Hang Seng Insurance Company Limited (Hang Seng Insurance) (Hong Kong). The outlook for...
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...
