Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Los Angeles All Industry Day Highlights Education, Emerging Trends
Dec 5 2005 // Issues including low cost auto insurance, the changing environment of international insurance and successfully reducing injuries and workers’ compensation costs were among the topics discussed at the annual CPCU All...
NO WORKERS’ COMP PREMIUM INCREASES SCHEDULED IN WASHINGTON
Dec 5 2005 // Washington’s Department of Labor and Industries (L&I) has announced there will be no general increase in workers’ compensation premiums for 2006. In late August, the agency proposed a 3.8 percent increase....
COLO. COMP PREMIUM TO DECREASE
Dec 5 2005 // Beginning Jan. 1, 2006, the standard premium for workers’ compensation in Colorado will de-crease an average of 1 percent, as a result of an order signed by Colorado Insurance Commissioner David Rivera. Although...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
Citizens Board Agrees to Increase Florida Rates; OIR Approval Necessary
Dec 4 2005 // Home insurance rate increases as high as 31 percent for some properties, were approved Nov. 17 by the board of governors of Citizens Property Insurance Co., Florida’s insurer of last resort, and now have to go to the...
IIAT Survey Shows Improved Conditions in Texas Homeowners, Auto Markets
Dec 1 2005 // Independent insurance agents in Texas report improved homeowners insurance coverage and lower premium prices for both homeowners and auto insurance as the year comes to an end. A survey of more than 1,800 member agencies...
Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change
Dec 1 2005 // Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance...
FBI Forms Task Force to Hunt Down ‘Gate Cutters’ Jewelry Theft Ring
Dec 1 2005 // The FBI today has formed The Gate Cutters Jewelry Task Force to partner with local police and the gem industry in trying to catch a team that has burglarized more than 50 jewelry stores on the East Coast, often by cutting...
S&P Revises Outlook on ACE, Australia & NZ to Stable
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
S&P Revises ACE Ltd. Outlook to Stable from Negative; Affirms Ratings
Nov 30 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+”...
Lloyd’s Ups Hurricane Losses to $3.27 Billion; Increases 2006 Capacity
Nov 30 2005 // Lloyd’s has issued an updated statement on the estimated financial impact on the market of Hurricanes Katrina, Rita and Wilma, based on the results gathered from “a Major Loss Return from each Managing...
Calif. State Fund Files an Average 16% Rate Decrease
Nov 29 2005 // California’s State Compensation Insurance Fund has filed an average rate decrease of 16 percent on new and renewal workers’ compensation policies with an effective date on or after Jan. 1, 2006. This marks the...
Wellington Increases Loss Estimates from Fall Hurricanes
Nov 28 2005 // The U.K.’s Wellington Underwriting plc, whose wholly owned subsidiary Wellington Underwriting Agencies Ltd. manages Syndicate 2020 at Lloyd’s, has released a further update about the extent of losses sustained...
Busiest Hurricane Season on Record Ends Nov. 30
Nov 28 2005 // Hurricane Season 2005 officially comes to a close Wednesday Nov. 30 and according to Tom Gallagher, Florida’s CFO, people will be dealing with the aftermath for years to come. Nationwide, this season was the busiest...
Competition Increases in Commercial Auto, But Not Too Much–Yet
Nov 21 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
RATE DECREASE GRANTED
Nov 21 2005 // The West Vir-ginia Mutual Insu-rance Company has been granted a 5 percent rate increase according to Insurance Commissioner Jane L. Cline. West Virginia Mutual filed for the rate decrease with the Offices of the Insurance...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 21 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
MONTANA AUDITOR ADDS TWO COMPANIES IN CAPTIVE INSURANCE MARKET
Nov 21 2005 // Montana State Auditor John Morrison approved two new Montana companies that can provide insurance in the captive insurance market. The State Insurance Depart-ment has licensed MHA Worker’s Compen-sation Reciprocal...
Calif. Commissioner Calls for 15.3 Percent Workers’ Comp Rate Decrease
Nov 20 2005 // California Insurance Commissioner John Garamendi has recommended a 15.3 percent decrease in the state’s workers’ compensation pure premium rates by winter. In announcing the move, the Commis-sioner also...
Competition Increases in Commercial Auto, But Not Too Much-Yet
Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
