Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
New Survey Reportedly Highlights Need for Class Action Reform
Sep 16 2003 // An overwhelming majority of Americans reportedly believe that frivolous lawsuits are flooding the court system and that class action lawsuits are increasing the cost of products they buy. According to a Winston Group...
Mich. Auto Rates Up 7% This Year
Sep 15 2003 // Auto insurance rates in Michigan have increased an average of 7 percent so far in 2003, according to the Insurance Institute of Michigan (IIM). Nationally, auto insurance costs are expected to rise 8.5 percent this...
Complaints Against Ill. Insurers Decline Slightly
Sep 11 2003 // Illinois consumers filed fewer complaints about their insurance companies and HMOs according to the 2002 consumer complaint statistics released today by Director of Insurance J. Anthony Clark. A major exception to this...
Reinsurance Rendezvous Highlights Poor Results, Future Direction
Sep 9 2003 // The annual Reinsurance Rendezvous in Monte Carlo, which began last weekend, has put the spotlight on the altogether mixed results the industry has posted over the last three years. Both Standard & Poor’s and...
I.I.I. Reports Auto Rates on the Rise
Sep 8 2003 // Rising costs of medical care, vehicle repair, jury awards, automobile theft and fraud are expected to drive up auto insurance rates by six percent in 2004, according to an analysis by the Insurance Information Institute...
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...
