Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Revises Clarendon Outlook to Stable
Aug 26 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries — Clarendon America Insurance Co. and Redland Insurance Co....
Ill. Homeowners Complaints Up 2nd Year in Row
Aug 26 2004 // While Illinois consumers filed fewer complaints about their insurance companies and HMOs in 2003, complaints regarding homeowners insurers were up for the second consecutive year, according to statistics released by the...
Yuma Homeowners Insurance Rates Could Go Up
Aug 25 2004 // A national insurance organization has lowered its rating on Yuma, Arizona’s family home building codes, a move that could result in higher home insurance rates here. The Insurance Services Office reviewed the codes...
Fla. Tree Service Owner Cut Down on Fraud Charges
Aug 25 2004 // Florida Attorney General Charlie Crist announced price gouging charges against a Jacksonville man accused of charging 10 times the going rate to cut trees felled by Hurricane Charley in Volusia County. The Attorney...
Key Findings in the Fulbright U.S. Corporate Litigation Trends Survey
Aug 23 2004 // Top Five Litigation Concerns In-house counsel were asked to rank their top five areas of litigation exposure. The number one concern was labor and employment, with 62 percent identifying it as the chief cause of action....
St. Paul Intercompany Pool Outlook Neg
Aug 23 2004 // Moody’s Investors Service changed the outlook on the ratings for the legacy St. Paul intercompany pool to negative from positive. The outlook for St. Paul, TPCC, and TIGHI and the legacy Travelers intercompany pool...
2004 Aon Resource Fair Provides Networking Opportunity, Industry Outlook
Aug 23 2004 // From swapping business cards and ideas to sitting in on panel discussions, attendees at the 2004 Aon Resource Fair in Banff, Alberta, Canada consumed a lot of information in just three days in July. At a panel discussion...
WIS. COMP COSTS RISE 11%:
Aug 23 2004 // The average medical payment per claim to injured workers in Wisconsin continued to grow at a double-digit rate, according to a new study by the Workers Compensation Research Institute (WCRI). The study of 12 states...
S&P Report Says Singapore’s Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
Aug 18 2004 // Standard & Poor’s Ratings Services has issued a new report on Singapore’s insurance industry, which concludes that it is expected to record a satisfactory operating performance, and that the outlook for...
New Mexico’s Med-Mal Rates Up 9.8 Percent
Aug 16 2004 // The high cost of medical care just got higher. R. Kevin Clinton, president of American Physicians Capital Inc., told leaders of the New Mexico Medical Society that medical malpractice insurance premiums have increased an...
S&P Revises Outlook Swedish Club to Positive
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Gothenburg-based marine mutual insurer The Swedish Club to positive from stable. S&P also affirmed its ‘BBB-‘...
ABD to Present 2004 Cybersure Benefit Report Preview
Aug 10 2004 // Redwood City, Calif.-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, will present a preview of the ABD 2004 Cybersure Benefit Report Aug. 12th at 8 a.m. at...
COMMISSIONER SAYS CALIF. WORK COMP RATES ARE GOING DOWN:
Aug 9 2004 // California Insurance Commissioner John Garamendi announced that workers’ compensation rate filings illustrate a downward trend, but still fall short of his pure premium rate advisory of minus 20.9 percent issued on...
WCRI: Pennsylvania Comp Medical Costs Per Claim Continue Growth
Aug 9 2004 // The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to the Workers Compensation Research Institute (WCRI). The study...
Bank Holding Companies’ Agency Fee Income Rises to $8.4 Billion in 2003
Aug 9 2004 // Bank holding companies (BHCs) earned a record $8.36 billion in insurance agency commissions and fee income in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report...
A Decade of Improving Club Safety and Coverage
Aug 9 2004 // If you have ever insured or considered insuring golf and country clubs, you know that their risks can’t be classified or managed easily. They have kitchens and restaurants, clubhouses used for daily activities and...
Survey: No Relief from Litigation for Big Firms
Aug 4 2004 // Litigation involving U.S. business has receded slightly overall, but large corporations have experienced a surge and see no relief from lawsuits in sight. In a new survey of national litigation trends by law firm Fulbright...
Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
Aug 3 2004 // North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers’ entry into U.S. markets in the early 1990s. According to TowerGroup, more favorable economics, key...
Quality Customer Service Vital for Satisfaction, Progressive’s Survey Says
Aug 3 2004 // Proactive and personalized service are an important part of what consumers say they want from their independent insurance agent or broker. And while most independent agents say it’s important to provide this level of...
Growing U.K. Compensation Culture Poses Major Threat to Profitability, Jobs, Survey Reveals
Aug 1 2004 // U.K. businesses are being increasingly hampered by the costs of dealing with the burgeoning compensation culture, which in turn is diverting management resources and financial investment away from core business and revenue...
