Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
AMEX Enters N.J. Auto Insurance Market Via Internet Sales
Aug 1 2005 // AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is...
WCIRB Proposes 5.2 Percent Decrease in Pure Premium Rates
Jul 29 2005 // On July 28, the WCIRB submitted a Regulatory Filing to the California Department of Insurance recommending an average 5.2 percent decrease in advisory pure premium rates to be effective on policies incepting on or after...
Commerce Net Earnings Rise, Losses Fall in 2nd Quarter
Jul 28 2005 // The Commerce Group Inc. out of Webster, Mass. reported that 2005 second quarter net earnings were $62.6 million, or $1.85 per diluted share, compared to net earnings of $37.4 million or $1.14 per diluted share for...
Mo. Malpractice Claims Drop While Premiums Rise, Study Says
Jul 27 2005 // Medical malpractice insurers paid out significantly less in claims to Missouri physicians last year, but continued to raise the premiums they charge doctors, according to new study. The National Association of Insurance...
Study Shows 15 Insurers Contributed to Controversial 2002 Texas Election
Jul 25 2005 // Insurance companies that were fighting tighter state regulations were major corporate donors to a business lobby group’s mail campaign that helped Republicans take control of the Legislature in the 2002 elections,...
Survey Says: Myths About the Cost of Auto Insurance Persist
Jul 25 2005 // The color of a car influences how much it costs to insure it, Comprehensive coverage protects drivers in all situations because, after all, it’s “comprehensive,” and car insurance companies can charge...
WCIRB To Propose 5.2% Decrease In Pure Premium Rates
Jul 21 2005 // The California Workers’ Compensation Insurance Rating Bureau’s Governing Committee approved the filing of an average 5.2 percent decrease in advisory pure premium rates to be effective on policies incepting on...
Workers’ Comp Payments in Pa. Grew by 3.7% in 2003
Jul 21 2005 // In Pennsylvania, total workers’ compensation payments for injured workers’ cash benefits and medical care rose by 3.7 percent to $2,626 million in 2003, according to a report by the National Academy of Social...
Calif. Releases Impact of 2004-2005 Increase in State Average Weekly Wage On Workers’ Comp
Jul 21 2005 // The U.S. Department of Labor has announced that California’s State Average Weekly Wage (SAWW) rose from $806.11 to $838.42 for the 12 months ending March 31, 2005 – remaining just below the threshold level of...
Conning Forecasts Strong PC Insurance Results Through 2007
Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc. “Our latest projections indicate a slightly better...
Prime Receives A.M. Best’s Rating of “B” With a Stable Outlook
Jul 20 2005 // Sandy, Utah-based Prime Holdings Insurance Services Inc. announced that its property and casualty insurance subsidiary, The Prime Insurance Syndicate Inc. (“Prime”), was notified that as of July 15, 2005, Prime...
Prime Receives A.M. Best’s Rating of “B” With a Stable Outlook
Jul 19 2005 // SANDY, Utah (July 19, 2005) – Prime Holdings Insurance Services, Inc. announced today that its property and casualty insurance subsidiary, The Prime Insurance Syndicate, Inc. (“Prime”), was notified that...
Citing N.H. Med-Mal Market as Non-Competitive, Analyst Urges Prior Approval of Future Rates
Jul 19 2005 // The malpractice insurance market for doctors, hospitals and other medical professionals in New Hampshire is lacking competition such that a law allowing the insurance commissioner to approve any future rate hikes should be...
Research and Markets Reports UK Market to Grow Between 3.3% – 3.7% Through 2009
Jul 19 2005 // Research and Markets (http://www.researchandmarkets.com/reports/c21046) has announced the addition of Insurance Industry Market Review 2005 to their offering. This market review examines the UK insurance market and the...
Best Affirms FSR for Lloyd Adriatico S.p.A.; Outlook Negative
Jul 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-“of Lloyd Adriatico S.p.A. (Italy). The outlook for both ratings remains negative, which is in line...
Best Places FSR for Temple Insurance Co. Under Review; Negative Outlook
Jul 18 2005 // A.M. Best Co. has placed the financial strength rating of A (Excellent) of Temple Insurance Company (Temple) (Toronto) under review with negative implications, in line with Muenchener Rueckversicherungs-Gesellschaft...
Study Maintains Malpractice Rates, Not Payouts, Rising
Jul 18 2005 // Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for...
AUTO RATES UP 4% IN 2004
Jul 18 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
RATE DECREASES APPROVED
Jul 18 2005 // The West Virginia Insurance Commission has approved Govern-ment Employees Insurance Co.’s (GEICO’s) rate filing. GEICO requested approval for a 1.9 percent rate decrease for its private passenger automobile...
Study Maintains Malpractice Rates, Not Payouts, Rising
Jul 18 2005 // Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for...
