Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey Says Two-Thirds of U.S. Renters Live Without Insurance
Sep 8 2003 // A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) has reportedly found that nearly two-thirds of those living in U.S. rental properties are currently risking...
R&SA Confirms 1st Half Profit Increase, Rights Issue; Sells Some U.S. Renewal Rights to Travelers
Sep 4 2003 // The U.K.’s Royal & Sun Alliance confirmed a 14.25 percent increase in net group profits for the first half of 2003 – £351 million ($556 million), compared to £301 million ($477 million) in 1st half 2002....
Veterinary Pet Services Announces Increase in 2ndQ 2003 Revenue
Sep 2 2003 // Brea, Calif.-based Veterinary Pet Services Inc., the parent company of Veterinary Pet Insurance Company and its subsidiary, DVM Insurance Agency, announced a 26 percent increase in revenue for the quarter ended June 30,...
American Family Ins. Auto Rates to Increase in Nev.
Aug 29 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...
J.D. Power and Associates Says Auto Premiums Continue Significant Growth, Customer Satisfaction Stable
Aug 28 2003 // Automotive insurance premiums show no sign of leveling off as rates increased an average of 13 percent since 2002, according to the J.D. Power and Associates 2003 National Auto Insurance Study(SM). Despite increasing...
Nev. Dental Liability Insurance Rates to Increase
Aug 27 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved revised rates for the National Dental Program insured by Continental Casualty Company. The National Dental Program policies may include professional...
Colo. Workers’ Comp Loss Costs May Decrease
Aug 27 2003 // Workers’ compensation costs for some Colorado employers may decrease later this year. Colorado Insurance Commissioner Doug Dean announced that the National Council on Compensation Insurance (NCCI) has filed an...
Allianz Poland Increases Sales by 53 Percent
Aug 27 2003 // Germany’s Allianz announced that its Polish subsidiary “is continuing to increase its sales, growing faster than the market.” First half-financial results show an overall 53 percent increase with both...
NAMIC Urges NAIC Not to Increase Risk-Based Capital Levels
Aug 26 2003 // The National Association of Mutual Insurance Companies (NAMIC) has asked the National Association of Insurance Commissioners (NAIC) not to increase the Risk Based Capital (RBC) risk factor for property/casualty...
S&P Revises Norwegian Bluewater Insurance Outlook to Negative
Aug 18 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Norwegian marine insurer Bluewater Insurance ASA to negative from stable. However, it affirmed its ‘BBB-‘ long-term...
IFC and Zurich Emerging Markets Solutions Establish Risk Sharing Facility
Aug 15 2003 // The International Finance Corporation, the private sector arm of the World Bank Group, and Zurich Emerging Markets Solutions, the political risk and credit insurance unit of Zurich North America, announced that they are...
S&P Revises Aon Outlook to Negative
Aug 14 2003 // Standard & Poor’s Ratings Services has revised its outlook on Aon Corp. to negative from stable because of concerns about the disparity in pre-tax margins between what Aon is earning on its risk and insurance...
Weak Equity Markets Hit AXA 1st Half Net Earnings, Down 75%
Aug 12 2003 // Despite a solid operating performance which saw a 6 percent rise in underlying earnings to 1.1 billion euros ($1.25 billion) France’s AXA Group posted a sharp decline in net earnings to 209 million euros ($237...
Long Holds Increase in Fire, EC Rates at 13.6%
Aug 11 2003 // Insurance Commissioner Jim Long signed a settlement agreement with the North Carolina Rate Bureau that raises insurance rates on dwelling fire and extended coverage (fire and EC) by an average 13.6 percent statewide....
NAMIC Launches Online Salary Survey
Aug 6 2003 // The National Association of Mutual Insurance Companies (NAMIC) has launched the property/casualty industry’s first online salary survey. Covering more than 50 positions, the NAMIC Online Salary Survey offers...
S&P Affirms ‘A-‘ Ratings on MMA, Outlook Negative
Aug 4 2003 // Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du...
Benefits Grow Faster than Wages for First Time Since 1992
Aug 4 2003 // Benefits paid to workers and employers’ costs for workers’ compensation rose slightly faster than wages in 2001, according to a new report released by the National Academy of Social Insurance. This is the first...
ABD Ins. & Financial Services Releases Calif. Employee Benefits Survey
Jul 31 2003 // The number one insurance-related concern expressed by employers today is how to contend with the accelerating cost of benefit plans, according to a survey from Redwood City, Calif.-based ABD Insurance and Financial...
St. Paul Surety Claims Brings Earnings Down by $120 Million
Jul 28 2003 // The St. Paul Cos. advised today that the second-quarter 2003 earnings impact related to a surety exposure, with a total aggregate face amount of $120 million as previously described in a Report on Form 8-K filed on April...
S&P Affirms Generali at ‘AA’; Outlook Negative
Jul 28 2003 // Standard & Poor’s has affirmed its ‘AA’ financial strength and long-term counterparty credit ratings on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European...
