Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P’s Says Hartford Fire Outlook Remains Negative
Jul 31 2002 // Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains...
Negative Rating Outlook Assigned to Monoline Reinsurers
Jul 30 2002 // Fitch Ratings assigned a negative rating outlook to a group of monoline reinsurers-ACE Guaranty Re Inc., Radian Reinsurance Company Inc., and AXA Re Finance S.A. The three are major reinsurers of financial guarantees. The...
AIG Says P/C Rates Likely to Continue Rising
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Jul 26 2002 // California’s Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective January 1, 2003 for new and...
Ill. Says Complaints against Insurers are increasing; HMO Complaints Decline
Jul 24 2002 // Illinois consumers filed more complaints about their insurance companies, but fewer against their HMOs, according to the 2001 consumer complaint statistics released by Illinois Director of Insurance Nat Shapo. The Illinois...
Body Shop Goes Belly-Up for Fraud
Jul 22 2002 // An investigation by the California Bureau of Automotive Repair (BAR), the Kings County District Attorney’s Insurance Fraud Unit, and the CDI Criminal Investigations Branch’s Fraud Division led to the conviction...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
Seeing is Believing with AUGIE Survey Results
Jul 22 2002 // It is said that Missouri is the “show me” state. If that’s true then most independent agents must be from Missouri because when it comes to technology solutions, agency owners and their producers and CSRs...
Body Shop Goes Belly-Up for Fraud
Jul 22 2002 // An investigation by the California Bureau of Automotive Repair (BAR), the Kings County District Attorney’s Insurance Fraud Unit, and the CDI Criminal Investigations Branch’s Fraud Division led to the conviction...
Seeing is Believing with AUGIE Survey Results
Jul 22 2002 // It is said that Missouri is the “show me” state. If that’s true then most independent agents must be from Missouri because when it comes to technology solutions, agency owners and their producers and CSRs...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
CIAB Survey Indicates Trend in Increased Rates
Jul 19 2002 // A survey by the Council of Insurance Agents & Brokers (CIAB) that was answered by more than 130 agents and brokers, notes that commercial insurance rates continued an upward climb for the second quarter of this year....
Outlook on Fuji Fire Revised
Jul 18 2002 // Standard & Poor’s revised the outlook on its “BBB” long-term rating on Fuji Fire & Marine Insurance Co. to stable from negative, based on the insurer’s relatively strong capitalization,...
Closed Temporarily by Rising Rates, Nev. Trauma Center Back in Business
Jul 16 2002 // Ten days after shutting down due to fast-rising malpractice insurance rates, Nevada’s lone top-level trauma center reopened its doors July 14, according to the Las Vegas Review-Journal. The county-run trauma center...
Scor Won’t Increase WTC, U.S. Claims Reserves
Jul 16 2002 // French reinsurer Scor has no plans to pump up its existing reserves to pay for World Trade Center or U.S. liability reinsurance claims, according to Reuters. The news organization reported that Scor CEO Jacques Blondeau...
Texas Mobile Home Claims Rise after Flooding
Jul 16 2002 // Foremost Insurance Co., a Michigan-based insurer providing mobile home coverage, announced a gradual increase in claims in the wake of recent flooding in Texas. A.M. Best reports that the company has so far received 270...
Munich Re Strengthens Reserves, Confirms Positive Outlook
Jul 12 2002 // Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its...
Report Rate Increases for Child Care Centers in Conn.
Jul 12 2002 // According to a report from the Hartford Courant insurance premiums on child care centers, including summer camps and day care facilities, have recently risen between 10 and 20 percent in Connecticut and other states. The...
After the Mold Rush: Montemayor Looks at Future of Texas Markets
Jul 8 2002 // Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to...
Homeowners Rates on Rise
Jul 8 2002 // Homeowners insurance rates have risen by average of 8 percent nationwide in 2002 due to an extraordinary number of catastrophes, the high cost of home repairs and excessive jury awards in mold cases, according to a new...
