Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Moody’s Confirms XL’s Ratings, Changes Outlook to Negative
Oct 22 2003 // Moody’s Investors Service announced that it has confirmed the ratings of XL Capital “(A1 senior unsecured debt) and supported debt-issuing affiliates, as well as the Aa2 insurance financial strength ratings of...
A.M. Best Affirms American Re-Insurance Co.’s FSR of ‘A+’ with a Stable Outlook
Oct 21 2003 // A.M. Best Company has affirmed the A+ (Superior) rating of American Re-Insurance Company and its affiliates, American Alternative Insurance Corporation (AAIC) and Princeton Excess & Surplus Lines Insurance Company....
AIG Subs Affirmed, Outlook Neg
Oct 20 2003 // Moody’s Investors Service confirmed the “Aaa” insurance financial strength (IFS) ratings of the eight rated members of AIG’s U.S. commercial insurance group (Domestic Brokerage Group, or DBG)....
American Agents Alliance Conference Focuses on the Future
Oct 20 2003 // More than 1,400 agents and brokers ventured out to an oasis in Indian Wells, Calif., to take part in the American Agents Alliance 29th Annual Conference and Expo held on Oct. 8-12. The four-day event, held at the...
NAII Hears N.Y. Sen. Seward Cite Fraud as Cause for Auto Premium Increases
Oct 17 2003 // In an address at the National Association of Independent Insurers Fall Legislative Meeting, Sen. James L. Seward, chairman of the Senate Standing Committee on Insurance, stressed the need for serious fraud reform in New...
Surplus Line Premium Sees 82 Percent Increase, Says SLA
Oct 13 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the association’s nine month total for processed surplus line premium showing an 82 percent increase over the 2002 premium...
AFG Increases Payout in Proposed Merger
Oct 8 2003 // Cincinnati-based insurer American Financial Group Inc. announced that it and its subsidiary, American Financial Corporation (AFC), have agreed to amend their pending merger agreement, to provide for an increase in the...
Outlook Stable for Markel
Oct 6 2003 // Moody’s Investors Service affirmed Glen Allen, Va.-based Markel Corp.’s “Baa3” senior debt rating and “A3” insurance financial strength ratings at its U.S. insurance entities. The...
Survey: Fire Chiefs Overmatched By Development
Oct 2 2003 // Seventy-three percent of U.S. fire chiefs say residential and commercial growth is already straining their departments’ ability to protect the communities they serve, according to survey conducted by Opinion Research...
CPCU Society to Highlight Results From P/C Survey at Annual Meeting
Oct 1 2003 // The CPCU Society invites insurance professionals to “Jazz Up Your Career!” at the CPCU Society’s 59th Annual Meeting and Seminars in New Orleans, Oct. 11-14. Join CPCUs, the New Designee Class of 2003,...
Employers, Fremont Report Q2 2003 Results
Sep 30 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively “the Company”), leading...
CIGA Looks to Bond Sound Future
Sep 22 2003 // Thanks to the legislature, the California Insurance Guarantee Association (CIGA) will stave off financial ruin by floating bonds next year. Part of the reform package passed by both houses in the Capitol includes...
GE P/C Ratings Raised, Outlook Stable
Sep 22 2003 // Standard & Poor’s Ratings Services raised its financial strength ratings on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co....
AMERICAN FAMILY INS. AUTO RATES TO INCREASE IN NEV
Sep 22 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile...
NO RISE IN OKLA. WC RATES
Sep 22 2003 // The Oklahoma State Board for Property and Casualty Rates voted to hold the line on a key component of workers’ compensation rates, at least for the next year. The 4-1 decision came after nearly 10 hours of hearings...
Eureko Outlook Revised to Neg
Sep 19 2003 // Standard & Poor’s Ratings Services announced it revised the outlook on all entities of the Netherlands-based Eureko insurance group (Eureko) to negative from stable. At the same time, S&P affirmed its...
Wash. L&I Proposes 19.4% WC Increase for 2004
Sep 18 2003 // The Washington Department of Labor and Industries (L&I) proposed increasing workers’ compensation premiums by 19.4 percent in 2004. Assuming the economy holds steady, the rate increase will bring revenues in...
ZFS Subs Outlook Revised to Stable
Sep 18 2003 // Standard & Poor’s Ratings Services revised its outlook on the core operating entities of the Switzerland-based composite insurance group Zurich Financial Services (collectively ZFS) and the outlook on the group...
Best Affirms Lincoln General With Neg Outlook
Sep 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of York, Pa.-based Lincoln General Insurance Co., a subsidiary of Kingsway Financial Services Inc. The rating has been removed from...
Ky. Commissioner Sets WC Rate Increase at 13.1%
Sep 17 2003 // Kentucky Insurance Commissioner Janie A. Miller rejected the filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. According to the Kentucky...
