Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Why Insurance Costs Go Up and What Customers Can Do To Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial...
Survey: Pa. Med-Mal Coverage Elusive
Sep 27 2002 // A survey conducted by the Pennsylvania Orthopaedic Society of its member physicians indicates that medical malpractice insurance coverage is getting harder to obtain as rates continue to increase. According to the...
2002 Agency Universe Study Reveals Trends in Industry
Sep 25 2002 // The Independent Insurance Agents & Brokers of America (IIABA) released preliminary results of the Future One 2002 Agency Universe Study, highlighting current demographic trends among independent agents. The study was...
AIR Releases Climate Forecasts for Winter Season
Sep 23 2002 // AIR Worldwide Corporation (AIR), a provider in catastrophe modeling and weather risk management, has released its ClimateCast™ forecasts through March 2003, encompassing the heart of the winter season. The heating season...
Local Reports Find Big Increases in Med Mal, Home Owners Rates
Sep 20 2002 // One report spotlights the crisis among doctors in North-eastern Ohio, who are refusing to deliver babies due to higher medical malpractice insurance premiums; another report from Detroit says that home owners insurance...
S&P Keeps Zurich on CreditWatch, Outlook Still Negative
Sep 18 2002 // Standard & Poor’s indicated that its ratings on Switzerland’s Zurich Financial Services (ZFS) will “remain on CreditWatch with negative implications, where they were placed on Sept. 5, 2002, pending...
