Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
New Guy Carpenter Study Finds Reinsurance Markets Worldwide Hardened in 2002; Rates Increased in All Regions for Virtual
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
NAII Provides Overview on Recent Homeowners Trends
Sep 17 2002 // Growing losses and expenses from an increase in mold claims, weather-related losses, and a significant reduction in investment income have contributed to rising rates for many homeowners’ insurers, according to the...
Conning Says Despite Predictions of Their Demise, Small P/C Insurers Excel
Sep 16 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
HARTFORD SURVEY FINDS BLUE-COLLAR WORKERS FACE HIGHER RISK OF INJURY
Sep 16 2002 // A national workplace survey sponsored by The Hartford Financial Services Group has found that although blue-collar workers expect to be injured more frequently than white-collar workers, many lack a full understanding of...
Berkshire Hathaway Outlook Stable
Sep 16 2002 // S&P’s affirmed its “AAA”/”A-1+”counterparty credit, “A-1+” commercial paper, and “AAA” senior debt ratings on Berkshire Hathaway Inc. because of the...
PartnerRe Updates 1997 Flood Study
Sep 13 2002 // Bermuda-based PartnerRe announced that it has reprinted its research report, “Floods – Causes, Effects and Risk Assessment, ” following the devastating flooding in Europe in August. Originally published...
La. Okays State Farm Auto Rate Increases
Sep 13 2002 // The Louisiana Insurance Rating Commission approved automobile insurance rate increases for State Farm Group that were less than those originally requested by the insurer. According to A.M. Best regulators approved a 14...
Federal Reserve Economic Survey Shows Slowing Midwest Growth
Sep 12 2002 // The most recent economic survey released by the Federal Reserve regional banks indicates a general slowing of economic growth in most Midwestern regions, with a mixture of good news and bad news and some increases in the...
Inreon Offers Facultative Liability Reinsurance, Demand and Capacity Set to Grow
Sep 6 2002 // Inreon, the Internet trading platform launched by Munich Re and Swiss Re, announced that it has expanded its scope to offer reinsurance buyers facultative liability cover via the platform from a panel of blue chip...
AGF 1st Half Net Up Slightly, Despite Fall in Equity Values
Sep 4 2002 // Assurances Generales de France (AGF), the French subsidiary of Germany’s Allianz, announced 1st half net income of €364 million*, a 1.4 percent increase over the same period last year, despite taking a €333...
German Insurers Set Up Terror Risk Vehicle
Sep 4 2002 // 16 leading insurance companies, including Munich Re, Swiss Re and Allianz, announced the foundation of “Extremus,” a jointly owned insurance vehicle which will provide excess coverage for losses caused by...
SCOR 1st Half Net Profit Down 58% to €21 Million – In Talks with Gerling
Sep 4 2002 // SCOR, France’s largest reinsurer, reported that its 1st half net income had dropped 58 percent to € 21 million* from € 50 million* in the same period last year, due to the now familiar problem of declining equity...
The Cincinnati Insurance Companies Named as Top Performer in Ward Survey
Sep 4 2002 // The Cincinnati Financial Corporation announced that the Ward Group has named The Cincinnati Insurance Companies as one of the nation’s top performers in both property casualty insurance and life and health insurance...
AXA Confirms 17% Increase in 1st Half Operating Earnings to €1.02 Billion
Sep 3 2002 // France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
S&P’s Maintains Negative Outlook for European Reinsurers
Sep 2 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
SOME COLO. WORKERS’ COMP LOSS COSTS TO DECLINE
Sep 2 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
Vesta’s Outlook Negative
Sep 2 2002 // Fitch Ratings affirmed “BBB-” insurer financial strength ratings of Vesta Insurance Group’s insurance subsidiaries. A “BBB-” rating was assigned to Florida Select Insurance Company (Florida...
WCIRB’s Summary of 1Q Experience Reveals Cont’d Price Increases
Aug 30 2002 // The WCIRB’s recently released summary of statewide first quarter 2002 experience shows sharp increases in insurer rates as well as continued deterioration in loss development. Average insurer rates on policies...
