Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Employers, Fremont Employers Report 4Q and Full Year Financial Results
Apr 18 2003 // Employers Insurance Company of Nevada, A Mutual Company (the “Company”), a leading provider of workers’ compensation products and services, reported its statutory financial results for the fourth quarter...
Markel Corp. Ratings Affirmed; Outlook Positive
Apr 18 2003 // Standard & Poor’s has revised its outlook on Markel Corp. (Markel), Markel International Insurance Co. Ltd., and Markel’s U.S. insurance subsidiaries to positive from negative because of the historically...
Alliance Study Says P/C Guaranty Fund Assessments Hit 15-Year High
Apr 17 2003 // Payments by private insurers to state property/casualty guaranty funds have hit a 15-year high, spurred by increased insolvencies, according to a study by the Alliance of American Insurers. Net assessments paid by...
Net Premiums for Progressive Up 32% From Year Earlier
Apr 17 2003 // Leading auto insurer Progressive Corp. reported first quarter 2003 net income of $291.5 million, or $1.32 per share, compared to $176.2 million, or 78 cents per share in the first quarter last year. Net premiums written...
A.M. Best Reports: P/C Premium Growth Solid
Apr 16 2003 // The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best...
PIANH Gears Up for 2003 Annual Conference
Apr 15 2003 // The Professional Insurance Agents of New Hampshire Inc. will hold its 2003 annual conference May 21, at the Marriott Courtyard and Grappone Conference Center, Concord, N.H. Last year nearly 100 industry representatives...
S&P’s Says SARS Could Damage Health of Emerging Asian Companies
Apr 15 2003 // Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its...
Risk Managers Don’t See Increased Risk from War With Iraq
Apr 9 2003 // An overwhelming 84 percent of professional risk managers think risks to their organizations’ operations have not increased at all or have increased only slightly since the start of the U.S. war with Iraq, according...
Progressive Steps Up Claims Service
Apr 9 2003 // Leading auto insurer Progressive Insurance Co., well known for its claims service, is now stepping up that service to the next level, according to a statement released by the company. The Mayfield Village, Ohio-based...
Chubb Survey Says Loss Control Spending Increases 17 Percent
Apr 8 2003 // In an apparent move to drive down the cost of risk, risk managers are spending an average 17 percent more on loss control services while their organizations confront budgetary constraints and the difficult economic...
Hiscox Notes Increased Demand for Terrorism Coverage
Apr 7 2003 // The U.K.’s Hiscox Plc, a leading London market insurer, partly owned by Chubb Corp., has reportedly seen an increase in the demand for coverage of terrorist related risks by small and medium-sized U.S. companies...
SWISS RE SIGMA STUDY PUTS 2002 CAT LOSSES AT $13.5B
Apr 7 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the industry at $13.5 billion, $1.5 billion more than the company’s preliminary estimates released...
CAP-MPT Passes Membership Milestone, Shows Solid Growth Trend
Apr 4 2003 // The Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a California provider of medical professional liability coverage, recently registered its 7,000th member in the course of setting records for...
FSC Provides Automated Solution for CDI Homeowners Premium Survey
Mar 28 2003 // Fiserv FSC, Inc. recently announced that with CapFSC, California insurers can now, with one person, in less than one day, do what used to take a team of employees days or weeks to accomplish. CapFSC is a Windows-based...
WCIRB to Propose 10.6% Increase in Pure Premium Rates
Mar 27 2003 // California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee approved the filing of a 10.6 percent increase in advisory pure premium rates March 26. The rates are to be effective on...
Munich Re Posts $1.7 Billion 2002 Net Profit; Premiums Up 10.8%
Mar 27 2003 // Munich Re, the world’s biggest reinsurer, managed to avoid the falling equity values and rising reserve costs that bedeviled many insurers last year. On Thursday the company reported provisional figures showing Group...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 24 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
CDI Looks to Shore Up California’s Workers’ Comp Market
Mar 24 2003 // California Insurance Commissioner John Garamendi took center stage when he addressed the problems plaguing State Compensation Insurance Fund on the heels of his recent plans to reform California’s ailing...
Near North Posts Increased Revenue for 2002
Mar 21 2003 // Chicago-based brokerage Near North National Group announced today that 2002 revenue increased 11 percent to over $120 million. In addition to the excellent performance of the brokerage operations, several other Near North...
WCIRB Releases 2002 Annual WC Report
Mar 20 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) 2002 Annual Report is now available on the WCIRB Web site. The online publication is representative of the WCIRB’s increasing utilization of...
