Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
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-‘...
