Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
W.R. Berkley Corp., Operating Companies Ratings Affirmed; Outlook Negative
Dec 29 2003 // Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial...
California Housing Market Sets Record, But Rising Prices Pose Challenges for First-time Buyers
Dec 23 2003 // The California housing market is poised to finish 2003 by setting new records across the board for the second consecutive year, according to a report, “State of the Housing Market 2003,” from the California...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Coalition Against Insurance Fraud Reports Convictions Rise Nearly a Third
Dec 19 2003 // Alice Ross, an engaging 71-year-old grandmother, died when her Buick was rammed by a car packed with gang members allegedly staging a crash in Brooklyn to make fake injury claims against insurance companies. Increasingly,...
Insurance Information Institute Unveils Earlybird Forecast for 2004
Dec 18 2003 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the...
AIA Says 2002 Rise in U.S. Tort Costs Reinforces Need for Civil Justice Reform
Dec 18 2003 // The recent release of Tillinghast – Towers Perrin’s study of 2002 U.S. tort costs finds total system costs totaling $233 billion, up 13.3 percent from 2001, further reinforcing the need for additional,...
Conning Study Says P/C Insurers’ Loss Reserves Hit Turning Point as Deficiencies Decrease
Dec 17 2003 // Three years of rising property/casualty rates have finally had a favorable impact on loss reserves, substantially reducing estimated deficiency, according to the latest annual study on the subject by Conning Research...
Employers Insurance Company of Nevada Report 3Q 2003 Financial Results
Dec 16 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Employers Compensation Insurance Company (“ECIC”) formerly known as Fremont Employers Insurance...
California State Average Weekly Wage Declines Between 2002 and 2003
Dec 15 2003 // Labor Code Section 4659(c), included in AB 749, the workers’ compensation benefit increase bill passed in 2002, requires that for injuries on or after Jan. 1, 2003, permanent total disability (PTD) payments be...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
NAII Says N.J. Auto Market Emerging from ’30 Years of Mismanagement’
Dec 11 2003 // The National Association of Independent Insurers has issued a bulletin, which indicates that New Jersey’s auto insurance market, which it described as “once the nation’s poster child for the dangers of...
Crackdown on N.Y. No-Fault Fraud Reportedly Begins to Pay Dividends as Costs Show Slight Decline
Dec 10 2003 // The vigorous crackdown on insurance fraud and abuse spearheaded by New York’s insurance companies, law enforcement agencies and prosecutors, and supported by tough insurance department regulations and a statewide...
PIANY, PIANJ, PIACT and PIANH Receive Two Association Trends Awards
Dec 9 2003 // The Professional Insurance Agents of New York, New Jersey, Connecticut and New Hampshire Inc.- collectively headquartered in Glenmont, N.Y., as part of PIA Management Services, announced that they have been awarded two...
Swiss Re to Host Year-End Economic and Insurance Industry Review 2003/Outlook 2004
Dec 8 2003 // Swiss Re will host is annual conference on this year’s industry results, and the prospects for 2004, in New York City on, Wednesday, December 10, from 8:45 am to 10:00 am at Park Avenue Plaza, located at 55 East 52nd...
Calif. State Fund Files For Rate Decrease
Dec 4 2003 // State Compensation Insurance Fund – California’s largest workers’ compensation insurance carrier – has filed for an average 2.9 percent rate decrease effective Jan. 1 2004. The decrease is within...
S&P Raises SCOR’s Ratings to ‘BBB+’ – Best Changes Outlook
Dec 3 2003 // Both A.M. Best Co. and Standard & Poor’s Ratings Services reacted positively to the news from France’s SCOR Group that it plans to raise an additional 750 million euros ($896 million) through a rights...
Wash. L&I Adopts 9.8 Percent Rate Increase for 2004
Dec 3 2003 // The Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004. Even with this rate increase, next year’s average rates will be...
Calif. State Fund Files For Rate Decrease
Dec 3 2003 // State Compensation Insurance Fund – California’s largest workers’ compensation insurance carrier – has filed for an average 2.9 percent rate decrease effective Jan. 1 2004. The decrease is within...
S&P Raises Outlook on Nisshin Fire Ratings to Stable
Dec 1 2003 // Standard & Poor’s Ratings Services announced that it has revised its ratings outlook on Japan’s Nisshin Fire & Marine Insurance Co. Ltd. to stable from negative. S&P also affirmed the...
