Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Mo. Insurance Director to Hold Hearing on Increase in Med-Mal Costs
Oct 9 2002 // Missouri Department of Insurance Director Scott B. Lakin announced that he will hold a public hearing on Oct. 30 to examine why medical malpractice insurance rates for the state’s doctors are rising sharply despite...
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
American Casualty Files Rate Increase Request in Nev.
Oct 3 2002 // American Casualty Company of Reading, Pa. recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Certified Registered Nurse Anesthetists Professional...
Wash. L&I to Hold Public Hearings on Proposed 2003 WC Rate Increase
Oct 3 2002 // The Washington Department of Labor and Industries (L&I) has scheduled seven public hearings to take testimony on a proposed 40.5 percent increase in workers’ compensation premiums in 2003. The hearings give...
Fitch Revises GE Global Outlook to Negative
Oct 3 2002 // Fitch Ratings announced that it has changed its ‘A+’ long-term issuer and senior debt rating outlook on GE Global Ins. Holding Corp. to “Negative” from “Stable,” and its...
Marsh Chairman & CEO to Step Down in 2003
Oct 1 2002 // Marsh & McLennan Companies, Inc. (MMC) announced that John Sinnott, chairman and CEO of Marsh Inc., the company’s risk and insurance services business, will retire from the firm in July 2003. Ray Groves,...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
Why Costs Go Up and What Your Customers Can do to Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across California are answering calls from their policyholders, some of whom are facing the rising homeowners and auto insurance rates. Unfortunately, several factors...
Why Insurance Costs Go Up and What Customers Can Do To Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial...
Survey: Pa. Med-Mal Coverage Elusive
Sep 27 2002 // A survey conducted by the Pennsylvania Orthopaedic Society of its member physicians indicates that medical malpractice insurance coverage is getting harder to obtain as rates continue to increase. According to the...
2002 Agency Universe Study Reveals Trends in Industry
Sep 25 2002 // The Independent Insurance Agents & Brokers of America (IIABA) released preliminary results of the Future One 2002 Agency Universe Study, highlighting current demographic trends among independent agents. The study was...
AIR Releases Climate Forecasts for Winter Season
Sep 23 2002 // AIR Worldwide Corporation (AIR), a provider in catastrophe modeling and weather risk management, has released its ClimateCast™ forecasts through March 2003, encompassing the heart of the winter season. The heating season...
Local Reports Find Big Increases in Med Mal, Home Owners Rates
Sep 20 2002 // One report spotlights the crisis among doctors in North-eastern Ohio, who are refusing to deliver babies due to higher medical malpractice insurance premiums; another report from Detroit says that home owners insurance...
S&P Keeps Zurich on CreditWatch, Outlook Still Negative
Sep 18 2002 // Standard & Poor’s indicated that its ratings on Switzerland’s Zurich Financial Services (ZFS) will “remain on CreditWatch with negative implications, where they were placed on Sept. 5, 2002, pending...
New Guy Carpenter Study Finds Reinsurance Markets Worldwide Hardened in 2002; Rates Increased in All Regions for Virtual
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
NAII Provides Overview on Recent Homeowners Trends
Sep 17 2002 // Growing losses and expenses from an increase in mold claims, weather-related losses, and a significant reduction in investment income have contributed to rising rates for many homeowners’ insurers, according to the...
Conning Says Despite Predictions of Their Demise, Small P/C Insurers Excel
Sep 16 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
HARTFORD SURVEY FINDS BLUE-COLLAR WORKERS FACE HIGHER RISK OF INJURY
Sep 16 2002 // A national workplace survey sponsored by The Hartford Financial Services Group has found that although blue-collar workers expect to be injured more frequently than white-collar workers, many lack a full understanding of...
Berkshire Hathaway Outlook Stable
Sep 16 2002 // S&P’s affirmed its “AAA”/”A-1+”counterparty credit, “A-1+” commercial paper, and “AAA” senior debt ratings on Berkshire Hathaway Inc. because of the...
