Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
TDI Denies Rate Increase Request by Med-Mal Provider
Nov 24 2003 // Texas Department of Insurance (TDI) Commissioner Jose Montemayor has rejected rate hikes requested by the Texas Medical Liability Insurance Underwriting Association, also known as the Joint Underwriting Association...
Malpractice Rates to Go Up for Some
Nov 20 2003 // Despite the passage in September of Proposition 12, which approved a legislative measure designed to lower malpractice insurance rates for doctors, at least two of the five major carriers providing that coverage in Texas...
S&P Gives Italian Insurance Market a Stable Outlook, Cites Good Fundamentals
Nov 19 2003 // A recently published report from Standard & Poor’s Ratings Services notes that it has revised its outlook for the Italian insurance market to stable from negative, citing good business fundamentals in both the...
U.S. P/C Industry’s Profitability Continues Downward Slide Despite Recent Premium Growth
Nov 19 2003 // Despite reported significant premium growth since 1998, the U.S. property/casualty industry’s profitability continues its long downward trend, an industry leader said Tuesday. Speaking at the annual meeting of the...
Deloitte Survey Says 80% of Insurance Execs Report Industry is Overdependent on Investment Returns
Nov 18 2003 // After years of low interest rates and volatility in the equity markets, senior insurance company executives are reportedly shifting their focus from asset management back to insurance basics. A new survey by the global...
Cincinnati Ins. Co. Affirmed, Outlook Neg.
Nov 17 2003 // Standard & Poor’s (S&P) Ratings Services revised its outlook on Cincinnati Insurance Co., Cincinnati Casualty Co., and Cincinnati Indemnity Co., which are Cincinnati Financial Corp.’s (CFC) P/C...
Agency Salary Survey 2003
Nov 17 2003 // The following agency compensation survey and commentary appeared in the March 2003 Middleton Letter, which was previously published by the late Carol Hammes, and is now produced by Marsh, Berry & Co. Inc. in...
Agency Salary Survey 2003
Nov 17 2003 // The following agency compensation survey and commentary appeared in the March 2003 Middleton Letter, which was previously published by the late Carol Hammes, and is now produced by Marsh, Berry & Co. Inc. in...
Nev. Workers’ Compensation Insurance Rates to Decrease
Nov 13 2003 // Nevada’s employers should see a drop in their 2004 premiums for workers’ compensation as a result of the filing submitted by the National Council on Compensation Insurance Inc. approved by Nevada Insurance...
Danielson Losses Continue to Pile Up
Nov 11 2003 // Chicago-based Danielson Holding Corp. (DHC), whose subsidiaries offer barging and marine construction services as well as specialty insurance products, reported a third-quarter loss of $3.4 million, or 11 cents per diluted...
S&P: European Sector Strong Despite Negative Trends
Nov 10 2003 // Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report. “Although...
PMA Capital Posts $96.4 Q3 Loss, Chairman, CEO Step Down
Nov 7 2003 // PMA Capital announced a net loss of $96.4 million, or $3.08 per diluted share, for the third quarter of 2003, compared with net income of $9.4 million, or 30 cents per diluted share, for the third quarter of 2002. For the...
Outlook Stable for LUBA Workers’ Comp
Nov 7 2003 // A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp based in Baton Rouge, La. The outlook is...
Marsh & McLennan Cos. Outlook Revised to Negative; Ratings Affirmed
Nov 5 2003 // Standard & Poor’s Rating Services reported that it revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable and affirmed its ‘AA-/A-1+’ counterparty credit rating on the...
Deloitte & Touche Survey on Money Laundering Finds “Operational Challenges for Financial Services Industry”
Nov 5 2003 // Deloitte & Touche, the International accounting firm, has released its findings concerning compliance with the “USA PATRIOT Act and other anti-money laundering requirements,” which concludes that financial...
Calif. Workplace Fatalities Decline by 8% in 2002
Nov 3 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
SURPLUS LINE PREMIUM SEES 82 PERCENT INCREASE, SAYS SLA:
Nov 3 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...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // Best has assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The rating...
AAMGA Reflects on Prosperous Year, Plans for the Future
Nov 3 2003 // The American Association of Managing General Agents (AAMGA) will hold its mid-year meeting at the Phoenician Resort & Spa in Scottsdale, Ariz., on Nov. 13-15. At the heart of this year’s meeting will be several...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The outlook is...
