Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Best Affirms FSR for Lloyd’s Syndicate 1084; Outlook Stable
Jul 13 2005 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1084 (United Kingdom). At the same time, A.M. Best has affirmed...
Time’s a Wastin’ in Insurance Industry, Says Workplace Survey
Jul 12 2005 // The insurance industry has come out on top but unfortunately it’s in a survey of about 10,000 respondents that looked at wasting time in the workplace. Data was gathered by America Online and Salary.com, where...
Two More Fla. Insurers Request Homeowners, Condo Rate Increases
Jul 11 2005 // Florida Preferred Property Insurance and Old Dominion Insurance have joined the list of insurers asking the Florida Office of Insurance Regulation for permission to increase homeowner and condominium policy rates. Florida...
Survey: One in Five Americans Have Been Victims of Identity Fraud
Jul 8 2005 // With companies reporting data breaches seemingly every week, more people are becoming victims of identity theft, according to a survey of more than 1,850 Americans sponsored by Chubb Group of Insurance Companies. The...
S&P Revises Outlook on British Marine to Positive; Affirms ‘A-‘ Rating
Jul 6 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Luxembourg-based insurer British Marine Luxembourg S.A. (BM) to positive from stable. S&P also affirmed its ‘A-‘...
ISO: Insurers’ $920M CAT Losses is Lowest for Q2 in a Decade
Jul 6 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $920 million for second-quarter insured property losses from four catastrophes in 25 states — the lowest tally among second...
Nev. Doctors’ Insurance Provider Gets Rate Increase
Jul 6 2005 // A nonprofit company created during Nevada’s medical malpractice crisis in 2002 to provide insurance for doctors will be able to increase its rates by an average of nearly 15 percent. State Insurance Commissioner...
A.M. Best Affirms ‘B++’ for Trustmark; Outlook Negative
Jul 5 2005 // A.M. Best Co. has affirmed the financial strength ratings of “B++” (very good) and assigned issuer credit ratings of “bbb” to both Lake Forest, Ill.-based Trustmark Insurance Co. and Trustmark Life...
AUTO THEFTS DOWN 2% FOR 2ND STRAIGHT YEAR:
Jul 4 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...
Survey Says Insurance Cost Increases Slow
Jul 4 2005 // 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 health plan costs...
