Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
State Farm Gets Rate Increase in Fla.
Oct 21 2002 // State Farm Insurance Co. is expected to resume writing new homeowners insurance policies in Central Florida and other parts of the state on a limited basis after being granted a 23.3 average increase for homeowners...
Calif. Commissioner Approves 10.5 Percent Pure Premium Rate Increase
Oct 21 2002 // California Insurance Commissioner Harry Low issued his ruling on all matters included in the WCIRB’s Jan. 1, 2003 pure premium rate filing (File No. RH 02022520.) The Commissioner approved a 10.5 percent increase in...
Baden-Baden Reinsurance Meeting Likely to Focus on Rate Increases
Oct 21 2002 // Reinsurers are set to meet with brokers and cedants next week in Baden-Baden, the German city famous for its spa, to discuss renewal terms, and the main subject is likely to be premium increases. The industry is now more...
Meiji, Yasuda Advance Merger Date, Plan Tie-Up with Nipponkoa
Oct 18 2002 // Meiji Life Ins. Co, Japan’s third largest life insurer, and Yasuda Mutual Life Ins. Co, the sixth largest, announced that they will advance the April 2004 date for their planned merger to January 2004. According to a...
Recent Losses Increase Pressure to Raise Hull Rates
Oct 15 2002 // The Joint Hull Committee (JHC), a cooperative organization between the London-based International Underwriting Association (IUA) and Lloyd’s Underwriters’ Association, announced that recent hull losses would...
Kibble & Prentice Survey Identifies Regional Employee Benefit Trends
Oct 14 2002 // In an annual survey of more than 236 Puget Sound area companies, Kibble & Prentice of Seattle, Wash., has identified several employee benefit regional trends. Among the findings is that employers of all sizes are...
Dairyland Auto Insurance Rates to Increase
Oct 14 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has granted a request by Dairyland Insurance Company (Dairyland) to increase its private passenger automobile insurance rates by an overall 8.5 percent statewide...
S&P Revises Outlook on France’s MMA to Negative
Oct 14 2002 // Standard & Poor’s announced that it has revised its outlook on the single-‘A’-minus financial strength and counterparty credit ratings on the French p/c insurer Les Mutuelles du Mans Assurances IARD,...
Foremost Mobilehome Insurance Rates to Increase
Oct 10 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a mobile homeowners insurance rate change for the Foremost Insurance Company Grand Rapids, Michigan (“Foremost Insurance”), American Federation...
Swiss Re Sigma Study Analyzes 2001 Losses, Equity Decreases
Oct 10 2002 // Swiss Re’s latest Sigma report, No.4/2002, offers an analysis of the non-life insurance industry, and how it is adjusting to “two major shocks – the catastrophic losses of 2001 and the ongoing stock...
S&P Lowers Ratings on Two Gerling Divisions, Outlook for Group is Negative
Oct 10 2002 // Yesterday was not a good one for German insurers. In addition to lowering its ratings on Allianz (see previous article), Standard & Poor’s also announced that it has lowered its long-term counterparty credit and...
Mo. Insurance Director to Hold Hearing on Increase in Med-Mal Costs
Oct 9 2002 // Missouri Department of Insurance Director Scott B. Lakin announced that he will hold a public hearing on Oct. 30 to examine why medical malpractice insurance rates for the state’s doctors are rising sharply despite...
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
American Casualty Files Rate Increase Request in Nev.
Oct 3 2002 // American Casualty Company of Reading, Pa. recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Certified Registered Nurse Anesthetists Professional...
Wash. L&I to Hold Public Hearings on Proposed 2003 WC Rate Increase
Oct 3 2002 // The Washington Department of Labor and Industries (L&I) has scheduled seven public hearings to take testimony on a proposed 40.5 percent increase in workers’ compensation premiums in 2003. The hearings give...
Fitch Revises GE Global Outlook to Negative
Oct 3 2002 // Fitch Ratings announced that it has changed its ‘A+’ long-term issuer and senior debt rating outlook on GE Global Ins. Holding Corp. to “Negative” from “Stable,” and its...
Marsh Chairman & CEO to Step Down in 2003
Oct 1 2002 // Marsh & McLennan Companies, Inc. (MMC) announced that John Sinnott, chairman and CEO of Marsh Inc., the company’s risk and insurance services business, will retire from the firm in July 2003. Ray Groves,...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
Why Costs Go Up and What Your Customers Can do to Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across California are answering calls from their policyholders, some of whom are facing the rising homeowners and auto insurance rates. Unfortunately, several factors...
