Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
PIACT, PIANY Unveil Company Performance Surveys
Dec 3 2002 // The Professional Insurance Agents of Connecticut Inc. and the Professional Insurance Agents of New York State Inc. announced plans to conduct member surveys to determine agents’ views of companies in Connecticut and...
S&P’s Affirms BCBS of La. ‘A’ Ratings; Outlook Negative
Nov 29 2002 // Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on Louisiana Health Service & Indemnity Co., which does business as Blue Cross and Blue Shield of...
S&P’s Revises Travelers PC Outlook
Nov 28 2002 // Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and senior debt ratings on Travelers Property Casualty Corp. and its ‘AA-‘ counterparty credit and financial strength ratings...
Allstate Gets Auto Rate Increase in Louisiana
Nov 26 2002 // The Louisiana Insurance Rating Commission granted Allstate Insurance Co. a $21.9 million auto policy rate increase. The rate hike is the second the company has received in the past nine months. According to the New Orleans...
CIAT Views Backstop to Increase Availability, Reduce Cost of Terrorism Risk Coverage
Nov 26 2002 // The Coalition to Insure Against Terrorism (CIAT) announced its support with Tuesday’s signing by President George W. Bush of the Terrorism Risk Protection Act of 2002. Spokesperson Martin DePoy, vice president for...
Calif. Commissioner Reflects on the Past, Looks to the Future
Nov 25 2002 // Insurance Journal staff writer Cynthia Beisiegel recently caught up with California Insurance Commissioner Harry Low at the NAII Annual Meeting in Los Angeles. Commissioner Low shared his thoughts on the improvements he...
State Farm Seeks Auto Rate Increase in Ala.
Nov 22 2002 // At a Dec. 4 public hearing, the Alabama Department of Insurance will consider requests by State Farm Mutual Auto Insurance Co. and State Farm Fire & Casualty raise auto insurance rates in that states. According to the...
S&P Revises Assicurazioni Generali Outlook to Negative
Nov 19 2002 // Standard & Poor’s Rating Services announced that, although it was affirming the ‘AA’ insurer financial strength and counterparty credit ratings on Assicurazioni Generali SpA, the parent and main...
Ind. Agents and Brokers Continue to Increase Market Share in Personal, Commercial Lines
Nov 15 2002 // Independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets, the Independent Insurance Agents & Brokers of America’s (IIABA) annual market share study...
RIMS Seeks Survey Participants
Nov 13 2002 // The Risk and Insurance Management Society Inc. (RIMS) and Advisen Ltd. are inviting the risk management and financial communities to participate in the new online RIMS Benchmark Survey(TM). According to RIMS and Advisen,...
COLO. WORKERS’ COMP LOSS COSTS TO DECREASE
Nov 11 2002 // Beginning Dec. 1, 2002, workers’ compensation loss costs for Colorado will decrease an average of 10.5 percent. Although individual employer workers’ compensation premiums are affected by other rating factors,...
ART Solutions on the Rise in Hard Markets
Nov 11 2002 // At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of...
A.M. Best: A&E Losses Increase in 2001, Reversing Two-Year Decline
Nov 11 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
New Reports Prescribe Remedies for Ailing Insurance Markets
Nov 11 2002 // Three recently published reports provide a sizeable assortment of diagnoses, prognoses and remedies for increasingly volatile commercial insurance markets. 3Q Commercial Market Index The Council of Insurance Agents &...
A&E LOSSES RISE IN 2001
Nov 11 2002 // A special report recently released by A.M. Best Co., “Largest Increase in A&E Losses to Date Seen in 2001,” suggests that the property/casualty industry will ultimately incur more than $121 billion in net...
S&P’s Lowers Chubb Corp. Ratings, Off Watch; Outlook Negative
Nov 7 2002 // Standard & Poor’s has lowered its counterparty credit and senior debt ratings on Chubb Corp. to single-‘A’-plus from double-‘A’-minus. In addition, the financial strength ratings on...
Selective Third Quarter Premiums Up 13%
Nov 7 2002 // Selective Insurance Group, Inc. (Nasdaq: SIGI) today reported net income of $11.1 million, or $0.41 per diluted share, for the third quarter ended September 30, 2002, compared with $2.1 million, or $0.08 per diluted share...
IVANS Survey Reports Concerns With Insurance Information Security
Nov 5 2002 // Despite the higher levels of service and convenience offered by the Internet, security is a concern for the majority of consumers when it comes to sending medical and personal property insurance information, according to a...
A.M. Best: A&E Losses Increase in 2001, Reversing Two-Year Decline
Nov 4 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
PartnerRe Weathers the Storm: Cuts Q3 Losses, Premiums Up 45%
Nov 4 2002 // Despite loss estimates of around $120 million from this summer’s floods in Germany and Eastern Europe, Bermuda’s PartnerRe had a relatively good third quarter, narrowing its net loss for the three months to...
