Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
AUTO INSURANCE, WORKERS’ COMP EMERGE AGAIN AS TOP LEADING LEGAL ISSUE TRENDS:
Feb 9 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
California Workers’ Comp Costs Per Claim Continue Rapid Growth
Feb 9 2004 // California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge,...
Survey: New Car Owners Know Little About Insurance Coverage
Feb 9 2004 // A recent national survey by Mayfield Village, Ohio-based vehicle insurer Progressive, found that new car owners know much more about the features of their vehicle than they do about the insurance that protects it,...
CAT Securitizations in 2003 Reveal Increased Innovation, Modest Growth in Volume
Feb 6 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has completed a review of catastrophe securitizations that were placed in 2003. Considering publicly available...
White Mountains Reports 2003 Results; Posts 13% Growth In Book Value
Feb 4 2004 // Bermuda-based White Mountains Insurance Group, Ltd. announced good results for 2003, ending the year by posting a 13 percent increase in its “fully converted tangible book value per share of $291,” up from $259...
Auto Insurance, Workers’ Comp Emerge Again as Top Leading Legal Issue Trends
Jan 30 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
National Equipment Register to Release 2003 Equipment Theft Report
Jan 29 2004 // On Jan. 30, the National Equipment Register (NER) will release its first annual report studying the problem of heavy equipment theft in the U.S. Based on NER’s database of more than 30,000 theft reports and...
Aon: Hospital Pro Liability, Physician Benchmark Study Forecasts Continued Loss Cost Increase for the Year
Jan 28 2004 // The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to...
Earlybird Forecast for 2004: Street Sees Premium Growth in Store
Jan 26 2004 // 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...
CALIF. AGENT FEES UP 10% IN 2004:
Jan 26 2004 // The California Department of Insurance sent out a notice a few weeks ago reminding all insurance licensees that they will be ringing in the New Year with a 10 percent fee increase, the American Agents Alliance said in its...
I.I.I. Survey Reports Industry Leaders Expect Improved Profits in 2004
Jan 26 2004 // Leaders of the property/casualty insurance industry expect an improvement in profitability for 2004 compared with last year, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its eighth...
Texas FAIR Plan Wants Rate Increase
Jan 23 2004 // The Texas Fair Access to Insurance Requirements (FAIR) Plan Association requested that the Texas Department of Insurance allow the Plan to increase homeowners insurance rates by an average of 12 percent statewide in order...
Allenbrook, Whitehill Technologies Strike Partnership for the Future
Jan 22 2004 // Allenbrook Inc., a provider of processing software and consulting services for the property/casualty industry, announced a partnership with Whitehill Technologies, Inc. Whitehill provides companies the ability to extract...
S&P Affirms ING Group’s Ratings; Insurance Outlook Negative
Jan 22 2004 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ratings on Holland’s ING GROEP N.V. and related entities, “including its ‘A+/A-1’ counterparty...
Chubb Survey Reports Nearly Two in Five Private Companies Forecast Lawsuits in 2004
Jan 21 2004 // Nearly two in five privately held companies report that it is likely their directors and officers will be sued by shareholders, customers or vendors in 2004, according to a survey sponsored by the Chubb Group of Insurance...
WCRI Study Reports Pa. Workers’ Comp Costs Per Claim Continue Upward Trend
Jan 21 2004 // Workers’ compensation costs per claim in Pennsylvania continue to grow, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass-based WCRI found that costs per...
Calif. Workers’ Comp Costs Per Claim Continue Rapid Growth
Jan 21 2004 // California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge,...
NAMIC Announces New Members, Market Share Increase
Jan 19 2004 // The National Association of Mutual Insurance Companies (NAMIC) announced its combined member company direct written premium (DWP) increased to $170 billion (41 percent of the property/casualty insurance market) during...
Robert Goodman Joins Rothschild As a Managing Director-Insurance Sector
Jan 19 2004 // Robert Goodman, a veteran investment banker who specializes in the insurance sector, has joined Rothschild as a Managing Director in its Financial Institutions Group based in New York. Gerald Rosenfeld, CEO of Rothschild...
