Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Automobile Rates on the Rise in Mich.
May 10 2002 // The typical Michigan motorist will experience increased automobile insurance rates during the coming year, according to the Michigan Office of Financial and Insurance Services (OFIS). To help Michigan motorists combat...
Survey Finds $180 Million Rise in Pa. Hospitals’ Med Mal Rates
May 7 2002 // Hospitals in Pennsylvania are estimated to be paying more than $180 million in additional premiums for medical liability insurance compared to a year ago, according to a statewide survey of medical professional liability...
PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
May 7 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the 2002 first quarter of $66.8 million, or $1.29 per share on a fully diluted basis compared to $55.6 million, or $1.08 per share, for the first quarter...
Fitch Study Backs Up 2001 Woes
May 7 2002 // A new report from Fitch Ratings backs up what many industry experts have reported—2001 was a bad year for the P/C industry, noting an after-tax loss for the first time in history. Fitch, however, sees improved...
CDI Releases Slavery Era Insurance Survey
May 2 2002 // The California Department of Insurance (CDI) released today the results of an industry survey conducted in accordance with Senate Bill 2199 on the subject of slavery era insurance policies. SB 2199 was passed by the State...
PIA Conducts Agent E-Survey on Hard Market
May 1 2002 // The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York has launched a survey on their collective Web sites, asking their members to evaluate the conditions of several sectors of the...
Survey Reveals Insurers Likely to Pay Claims
May 1 2002 // In an age where structured financial transactions and guarantees are becoming more complex, certain insurance companies now provide transparency and a willingness to pay claims as a value-added for their investors, said a...
XL Reports Q1 Rise from Operations, But Investment Losses Hit Net Income
Apr 30 2002 // Bermuda-based XL Capital Ltd reported that its net income for the first quarter ended March 31 was $89.5 million, or $0.65 per share, compared with $218.9 million, or $1.73 per share, in the first quarter of 2001, a 59...
RenRe Posts 100% Increases in Q1 Premiums, Income
Apr 23 2002 // RenaissanceRe Holdings Ltd. proved once again that it can make money better than anyone else. The Bermuda-based company announced that its first quarter net operating income available to common shareholders (excluding...
NAMIC Publishes State Laws and Legislative Trends Report
Apr 23 2002 // The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.” The NAMIC analysis shows: Prior to 2002,...
S&P Negative on Future of French P/C Insurance Market
Apr 22 2002 // Standard & Poor’s announced that it has a divided outlook for the French insurance market, “taking a negative view of its non-life sector and heralding a stable future for the country’s life...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
The Hartford’s CEO Tells Shareholders He Is Optimistic of Future
Apr 19 2002 // The events of 2001 tested the company’s resilience, but through it all The Hartford’s operating income rose and the company is bullish about the future, Ramani Ayer, Chairman and CEO of The Hartford Financial...
Outlook Neg. for Monoline Re’s
Apr 15 2002 // S&P changed its outlook to negative from stable on monoline reinsurers Ace Guaranty Re Inc., Axa Re Finance S.A., Radian Reinsurance Inc., and RAM Reinsurance Co Ltd. The outlook assesses the potential direction of an...
A.M. Best Study Shows Property and Liability Lines Had Major New Risk Exposure in 2001
Apr 10 2002 // In a recent statistical analysis, A.M. Best Co. released its preliminary 2001 financial results on the property/casualty industry, which reports that property and liability lines had significant new risk exposure in...
S&P Affirms PXRE Ratings, Outlook Stable
Apr 8 2002 // Standard & Poor’s announced that it has removed from CreditWatch and affirmed all its ratings on Bermuda’s PXRE Corp., including its triple-‘B’ counterparty credit rating, “because of...
Six Leading Insurers To Set Up Joint European Venture to Cover Terrorist Risks
Apr 5 2002 // Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited...
S&P Affirms ‘A’ Rating on RSA’s Trygg-Hansa, Revises Outlook to Negative
Apr 5 2002 // Standard & Poor’s affirmed its single-‘A’ counterparty credit and insurer financial strength ratings on Trygg-Hansa Forsakrings AB, Publikt, but announced that it had revised its outlook on the...
WCIRB Proceeds With Filing for Mid-Term Rate Increase
Apr 2 2002 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has submitted a filing with the California Department of Insurance (CDI) proposing changes to the approved pure premium rates that became...
Gartner Survey Reports Carriers Looking to Outsourcing
Apr 1 2002 // As insurance carriers face competitive pressures to reduce operating costs and streamline business operations, many insurers are turning to business process outsourcing (BPO) and information technology outsourcing to...
