Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Tillinghast to Launch Commercial Lines Survey w/ Webcast on July 6
Jun 24 2005 // The Tillinghast unit of consultants Towers Perrin has announced plans to launch its Commercial Lines Insurance Price Monitoring Survey (CLIPS). Tillinghast said it had “initiated the survey to meet the insurance...
Best Affirms Imagine Ratings; Assigns Negative Outlook
Jun 23 2005 // 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 Barbados-based Imagine Insurance Company Limited. Best...
Report: U.S. Reinsurance Market Posts 105.5% Combined Ratio in 2004
Jun 23 2005 // Forty reinsurance companies reported net written premiums of $30.1 billion for 2004, showing a combined ratio of 105.5 percent in the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2004...
Kibble & Prentice Survey Shows Insurance Cost Increases Slow
Jun 23 2005 // Seattle-based Kibble & Prentice announced the results of its annual employee benefits survey. With nearly 250 Washington state companies reporting, the results showed two surprising trends: the rate of increase of...
Fla. CFO Blasts Allstate for Increasing Its Rates Before Public Hearing
Jun 23 2005 // After an announcement by Allstate Insurance Company early June 23 Florida’s CFO Tom Gallagher issued a highly-critical press release blasting the company for its actions and has instructed Insurance Commissioner...
IINC Hosts Marketing Conference for Emerging Industries July 8
Jun 22 2005 // California’s cultural melting pot challenges professional marketers and communicators to tailor their efforts to communities that are constantly evolving. To address the many challenges of reaching these emerging...
Ohio Auto Thefts Down 2% for 2nd Straight Year
Jun 22 2005 // Auto thefts in Ohio appear to have declined more than 2 percent for the second consecutive year, according to estimates released by the Ohio Insurance Institute. Based on auto theft survey results of 17 major Ohio city...
Fla. CFO Gallagher Urges Commissioner: Reject Cincinnati’s 37.5 Percent Rate Increase Request
Jun 21 2005 // Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing...
Bank Insurance Brokerage Fee Income Up 7.5% in 2005 1Q
Jun 21 2005 // Bank insurance brokerage fee income was up 7.5 percent year-to-date through March 31, 2005, compared to the same period in 2004, according to Michael White’s Bank Insurance & Investment Fee Income Reports. Among...
CAS Attendees Hear of Positive Trends from California Workers’ Comp Reforms
Jun 21 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
COMP RATES TO RISE 2%
Jun 20 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
AUTO, HOMEOWNER RATE DECREASES OK’D
Jun 20 2005 // Three insurance companies have been granted rate decreases by the West Virginia Insurance Comm-ission, including: Erie Insurance Co., 3.1 percent decrease in private passenger auto insurance, goes into effect Aug. 1; State...
FAIA President Says: In Our Future Some Things Will Never Change
Jun 20 2005 // Created more than a century ago in 1904 as the Florida Local Underwriters Association, the Florida Association of Insurance Agents adopted its present name in 1941. FAIA is dedicated to enhancing the independent agency...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Best Upgrades Bahrain’s Trust International Ratings; Outlook Stable
Jun 16 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating to “B++” (Very Good) from “B+” (Very Good) and the issuer credit rating to “bbb” from “bbb-” of...
S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating
Jun 16 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.’s “AAA” financial strength and financial enhancement ratings to negative from...
3.8% Auto Residual Market Rate Increase in Effect in Virginia
Jun 15 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
WCIRB Releases Report On Losses and Expenses For Calendar Year 2004
Jun 13 2005 // California’s Workers’ Compensation Insurance Rating Bureau has released its report on workers’ compensation losses and expenses for 2004. The report is prepared annually pursuant to Section 11759.1 of the...
N.D. Comp Rates to Rise 2%
Jun 10 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
