Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
NAII Says Legislative Inaction Threatens Insurance Market; No-Fault Fraud Still Rampant August 10,
Aug 10 2001 // According to the National Association of Independent Insurers (NAII), rather than address the rampant no-fault fraud that costs New York consumers over a billion dollars each year, the legislature yesterday allowed several...
Aon Survey Finds Risk Managers Feel Exposed to Political Risk
Aug 8 2001 // Aon Corporation recently conducted a survey revealing that more than 85 percent of Fortune 1000 risk managers indicated that their firm was well-protected from property, general liability and directors’ and...
HO Premiums Up Slightly
Aug 6 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
Dangerous Trend in Red Light Running Rallies Safety Groups
Aug 3 2001 // Citing a strong upward trend in red light running fatalities, a group of leading safety organizations has banded together to form the Washington, D.C.-based National Campaign to Stop Red Light Running. The goal of the...
IVANS Continues Record Membership Growth Through First Half
Aug 2 2001 // Greenwich, Conn.-based IVANS Inc. announced that 27 property-casualty insurers, healthcare and related organizations became new members of IVANS during the first half of 2001, double the number that joined in any prior six...
WCIRB Makes Case for 8.5 Percent Increase in Workers’ Comp Rates
Aug 2 2001 // The Workers Compensation Insurance Rating Bureau of California has put on the table a plan for an 8.5 percent increase in pure premium for workers’ compensation rates in the state. The WCIRB submitted its plan July...
Homeowners Premiums Rose Slightly in 2000, A.M. Best Study Says
Aug 1 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
AIG Reports Rise in 2Q 2001 Income to $1.66 Billion
Jul 30 2001 // American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative...
SAFECO Cuts Expenses, Looks to Future Profits
Jul 30 2001 // In a move to trim expenses and bring accountability back to every office, SAFECO President and CEO Mike Mc-Gavick is chartinga course to return the company to the forefront of commercial insurance operations. SAFECO...
Canadian Auto Losses Continue to Rise
Jul 19 2001 // Losses related to auto insurance continue to climb in the Atlantic region of Canada following a report released by The Insurance Bureau of Canada (IBC). According to Don Forgeron, regional vice-president of the IBC, costs...
Study Reports Continuing Rise in Calif. Workers’ Comp Claims Costs
Jul 19 2001 // A new study by the Workers Compensation Research Institute (WCRI) indicates California workers’ comp claim costs increased at a double-digit rate, growing by 11 percent between 1997 and 1998 (as of 1999 experience)....
SAFECO Slices Jobs, Looks Toward Future Growth
Jul 19 2001 // Seattle-based SAFECO is taking a number of steps to cut losses and bring growth back to the company which has been in business since 1923. “The expenses we currently have were not a formula for success,” SAFECO...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
AEGIS Affirmed, Outlook Negative
Jul 16 2001 // Fitch affirmed the “AA-” insurer FSR of Associated Electric & Gas Insurance Services Limited (AEGIS) and changed the rating outlook from stable to negative. The negative rating outlook reflects continued...
Oregon Legislature Wraps Up 2001 Session
Jul 13 2001 // Oregon’s legislature adjourned last weekend having once again considered a staggering number of bills during its biennial session, including dozens of insurance-related bills. Michael Harrold, Northwest regional...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
Application Development Trends Honors Fireman’s Fund for WebSphere
Jul 6 2001 // IBM announced that Fireman’s Fund Insurance Company was recognized at the Application Development Trends 2001 Innovator Awards for its AgriWare Application, running on IBM’s WebSphere e-infrastructure software....
A.M. Best Study Reports P/C Premiums Show Strong Growth, Earnings Remain Depressed During 1Q 2001 J
Jul 5 2001 // According to an A.M. Best Co. special-report excerpt published in the July 2 issue of BestWeek, property/casualty net premiums written showed the strongest growth since the tail end of the last hard market in the second...
S&P Affirms AMP ‘AA’ Ratings, Outlook Negative
Jul 3 2001 // Standard & Poor’s affirmed the double-‘A’ counterparty credit ratings and insurer financial strength ratings on the principle operating entities of Australian insurer AMP, but changed the outlook...
The Weather Risk Management Association Releases Results of Industrywide Survey
Jul 2 2001 // The Weather Risk Management Association (WRMA), an international trade organization of the weather risk management industry, recently completed in conjunction with PriceWaterhouseCoopers, a comprehensive survey of the...
