Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
N.Y. Assembly Passes “Watered-down” Fraud Bill
Mar 19 2003 // The National Association of Independent Insurers does not see many changes following passage by the New York Assembly Insurance Committee and the full Assembly of Committee Chairman Grannis’ fraud bill, which is now...
Aon Says Return on Homeowners Insurance Up but Still Not Earning Its Cost of Capital
Mar 18 2003 // Aon Corporation reports that significant rate and underwriting initiatives in the U.S. homeowners’ insurance marketplace continue to fall short of the cost of capital, in a continuing study of return on capital by...
New PC Loss Survey Shows Accident Claims Outpace Thefts
Mar 18 2003 // Personal computer owners who filed loss claims in 2002 were nearly five times more likely to have experienced accidental damage than theft, according to a survey released by Safeware, The Insurance Agency Inc. Accidental...
Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion
Mar 13 2003 // A new Swiss Re sigma report, “Natural catastrophes and man-made disasters in 2002,” estimates the cost to the insurance industry at $13.5 billion, $1.5 billion more than the company’s preliminary...
2001 Numbers Show Decrease in Fla. Workplace Injuries, Illnesses
Mar 11 2003 // Private sector workplace injuries and illnesses in Florida decreased slightly in 2001, down 800 from 288,200 in 2000, according to the Florida Department of Financial Services (FDFS). This statistic, among others, is the...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 11 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...
FSC Makes Available Automated Solution for CDI Homeowners Premium Survey
Mar 10 2003 // Fiserv FSC, Inc. 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 dependable and accurate...
National Survey Shows More Than Half of Adult Americans Support Med-Mal Reform
Mar 7 2003 // Recent results of a Wall Street Journal Online/Harris Interactive® Health-Care Poll showed that more than half (58 percent) of adults in America favor new legislation to limit the costs of medical liability and reduce the...
S&P’s Rates South China Insurance ‘BBB’; Outlook Stable
Mar 7 2003 // Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings...
InsWeb Index Reveals Auto Ins. Rates Increase in 2002
Mar 7 2003 // InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance. According to data...
Bancinsurance Corp. Profits Down 71% in 2002
Mar 6 2003 // Bancinsurance Corp., the Columbus, Ohio-based parent of P&C insurer Ohio Indemnity Co., reported a profit of $889.6 million in 2002, down 71 percent from $3.1 billion in 2001, thanks in part to an after-tax charge of...
S&P’s Affirms DaVinci Re ‘A’ Ratings; Outlook Stable
Mar 6 2003 // Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on DaVinci Reinsurance Ltd. (DaVinci) based on the new company’s very strong operating performance,...
Oxendine Expresses Concerns About Ga. Insurance Market
Feb 27 2003 // Georgia Insurance Commissioner John Oxendine recently spoke out on the need for judicial reform as a way to encourage insurers to compete for business in the state. According to the National Association of Independent...
