Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
WCIRB to Propose 12% Increase in Pure Premium Rates Effective Jan. 1, 2004
Jul 28 2003 // The WCIRB Governing Committee recently approved the filing of an average 12 percent increase in advisory pure premium rates to be effective on policies incepting on or after Jan. 1, 2004. The recommended increase was based...
NAMIC Says National Leg. Organization Endorsement of Competition in Pricing is ‘Significant Momentum’ to State Regulator
Jul 24 2003 // This week’s endorsement of competition to determine insurance pricing by the nation’s largest organization of state legislatures “sends the strongest message yet that states are prepared to take the...
S&P Affirms Progressive, Outlook Stable
Jul 21 2003 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and senior unsecured debt ratings on Progressive Corp. based on Progressive’s excellent business position, very strong...
As Summer Heats Up, So Does Vehicle Theft
Jul 21 2003 // While some of us may be living easy at the beach or in the mountains during the summer, it’s typically the season when auto thieves do most of their work. And it’s also a time when vehicle theft watchers come...
S&P Revises Infinity P/C and Subs Outlook to Stable
Jul 18 2003 // Standard & Poor’s Ratings Services said today that it revised its outlook on Birmingham, Ala.-based personal lines writer Infinity Property and Casualty Corp. and Infinity’s insurance subsidiaries to...
S&P Revises UMS Generali Marine SpA Outlook to Positive
Jul 17 2003 // Standard & Poor’s Ratings Services said it revised its outlook on Italy-based marine insurer UMS Generali Marine SpA (UMS) to positive from stable. At the same time, S&P affirmed its ‘A-‘...
Benefits Grow Faster than Wages for First Time Since 1992
Jul 15 2003 // Benefits paid to workers and employers’ costs for workers’ compensation rose slightly faster than wages in 2001, according to a new report released today by the National Academy of Social Insurance. This is the...
Arkansas Sees Small Increase in WC Rates
Jul 14 2003 // Arkansas Insurance Commissioner Mike Pickens announced an overall loss increase of 1.8 percent in the State’s Workers’ Compensation voluntary insurance market. This small increase is the first for Arkansas in...
IBC, Crawford Adjusters Team Up to Fight Fraud
Jul 10 2003 // The Insurance Bureau of Canada announced that it has entered into an agreement with Crawford Adjusters Canada to exchange claims data in a common format to combat fraud. “Insurance fraud costs Canadians $1.3 billion...
S&P Revises R&SA Entities Outlook to Negative
Jul 9 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on various entities of U.K.-based Royal & Sun Alliance Insurance Group PLC to negative from developing. However, S&P...
Latino Market Heats Up
Jul 7 2003 // It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s...
Companies Respond to PIACT Performance Survey
Jun 27 2003 // The Professional Insurance Agents of Connecticut announced that its recent company performance survey has “garnered positive feedback from the companies about which its members responded.” The survey polled...
AIA In Support of Mandatory Arbitration to Hold Down Litigation Costs
Jun 24 2003 // In testimony over the weekend during the National Association of Insurance Commissioner’s (NAIC) summer meeting, the American Insurance Association (AIA) supported the continued availability of mandatory pre-dispute...
NYSID to Hold Public Hearing on Proposed Workers’ Comp Rate Increase
Jun 24 2003 // The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation...
Lloyd’s Survey Predicts Increased Demand for Specialist Insurance Cover
Jun 23 2003 // Lloyd’s has released the results of a survey, which shows that the demand for specialist insurance cover is expected to rise significantly over the next two years as a direct result of European weather and liability...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
CONNING RESEARCH SAYS P/C OUTLOOK NOT AS BRIGHT AS RISING PREMIUM RATES SUGGEST:
Jun 23 2003 // Despite substantial rate increases over the past three years, property/casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting Inc....
STATE FARM HOMEOWNER RATES INCREASE IN NEV:
Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
Minority and Women Agents Look to Tap Emerging Markets
Jun 23 2003 // Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
