Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
S&P’s Revises Aon Corp. Outlook to Negative
Aug 9 2002 // Standard & Poor’s has revised its outlook on Aon Corp. to negative from stable following the company’s second-quarter 2002 earnings announcement. “This rating action reflects the margin deterioration...
S&P’s Rates Bluewater ASA ‘BBB-‘; Outlook Stable
Aug 9 2002 // Standard & Poor’s assigned its triple-‘B’-minus counterparty credit and insurer financial strength ratings to Oslo-based start-up marine insurer Bluewater Insurance ASA (Bluewater). The outlook is...
McDermott Shares Rise Following Tentative Agreement on Asbestos Claims
Aug 9 2002 // New Orleans-based McDermott International Inc. shares climbed Aug. 8 following the company’s announcement of a tentative agreement to assign the entire portion of its equity in the Babcock & Wilcox unit to...
Vesta Declares Cash Dividend, Receives Negative Outlook from Fitch
Aug 9 2002 // Alabama-based Vesta Insurance Group, a holding company for various insurance and financial service firms, announced its board of directors has declared a quarterly cash dividend of $0.025 per share for the period ending...
SCOR Reports 16 Percent Rise in Premium Income
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Seeing is Believing with AUGIE Survey Results
Aug 5 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...
Marine Market Sees Favorable Future Despite Hard Market
Aug 5 2002 // While many markets in the insurance industry continue to see adverse effects due to the hard market and recourse from 9/11, the marine market is one of the few that has a good view of the light at the end of the tunnel....
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Aug 5 2002 // California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective Jan. 1, 2003 for new and renewal...
Seeing is Believing with AUGIE Survey Results
Aug 5 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...
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...
