Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Farmers, 21st Century Request Premium Increases
Apr 21 2001 // According to California Department of Insurance (CDI) filings, Farmers Insurance and 21st Century Insurance have requested premium hikes averaging 6.9 percent for their property policies. Farmers Insurance and 21st Century...
Best Reports 31.6% Increase in Captive Formations in 2000
Apr 19 2001 // Insurance specialist A.M. Best’s newly published Captive Directory reports that there were 245 new captive insurance companies formed last year, while 170 were liquidated, a net gain of 31.6 percent over 1999. Best...
Guarding Garden Gnomes – U.K. Notes Rise in Outdoor Theft
Apr 18 2001 // According to an article in Britain’s Independent on Sunday there are over 20 million gardeners in the U.K. and they spent £3.35 ($4.86 billion) last year on fertilizers, plants, decorative items and other products...
Arizona Dept. of Insurance Publishes New Survey
Apr 17 2001 // A new look has come to the Spring 2001 edition of the Arizona Department of Insurance’s “Automobile Premium Comparison Survey.” Premiums are quoted for 10 cities throughout the state. Insurance Director...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 16 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
HURRICANE FORECASTS
Apr 16 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 11 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, Insurance Services Office Inc. and the National Association of...
Hurricane Team Revises Outlook Upward; Predicts Average Season
Apr 9 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
Cracking Down on the Industry’s Fraud Problem
Apr 2 2001 // Fraud investigators in June busted a Tampa fraud ring that crashed cars at a private site, scooped up the debris and moved the wreckage to a public roadway. The members then called police so that they could file fraudulent...
Cracking Down on the Industry’s Fraud Problem
Mar 26 2001 // Fraud investigators in June busted a Tampa fraud ring that crashed cars at a private site, scooped up the debris and moved the wreckage to a public roadway. The members then called police so that they could file fraudulent...
ALLSTATE HIKES UP RATES
Mar 26 2001 // Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force other companies to do the same. The increase is scheduled to take effect May 18. Rate...
Swiss Re Study Finds Lower Cat Losses, Rising Rates
Mar 16 2001 // A recent study released by Swiss Re, confirms that insured catastrophe losses for 2000 totaled $10.6 billion, falling significantly below those in 1999, which reached $32.9 billion.The survey also concluded that p/c...
DIGGING UP OFFSHORE FRAUD
Mar 12 2001 // The California Department of Insurance (CDI) Criminal Investiga-tions Branch reported evidence that fraudulent certificates of insurance have been issued to more than 100 taxicab companies operating throughout California,...
Gambled on His Future
Mar 12 2001 // John Blanton Breland of Lodi pled guilty to four felony counts last month in San Joaquin Superior Court. The 52-year-old insurance agent was originally charged with 11 felony counts consisting of theft from an elder or...
Seattle Earthquak Wracks Up Insured Losses
Mar 12 2001 // The most telling number about the earthquake that hit Western Washington on Feb. 28 was neither its 6.8 magnitude nor the fact that it was the largest temblor in the state in more than half a century; it was its depth,...
Workers’ Comp Insurers Suffer 86 Percent Profit Decline Since 1998
Mar 8 2001 // The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months of 2000 from a $1 billion peak during the same period in 1998, according to...
RSA Profits Down on Flood Losses
Mar 1 2001 // The U.K.’s Royal & Sun Alliance confirmed previous estimates that claims from the floods which struck Britain in October and November would cost it around £200 million ($290 million), and reduced operating...
AMP Profits Rebound on Strong Growth, Cost Reductions
Feb 28 2001 // Australian insurer AMP announced that its net after tax profit had rebounded sharply to A$1.152 billion ($604 million) for the year 2000, following 1999’s $225 million loss. The company cited strong growth in its...
CGNU Profits Down Due To Storm Losses, Investments
Feb 27 2001 // As expected, CGNU, the U.K.’s largest insurer, announced a drop in operating profits for the year 2000 to £1.02 billion ($1.48 billion) between £200 and £400 million ($290 and $580 million) less...
Progressive Survey Finds Agents Still in the Driver’s Seat
Feb 27 2001 // Results of an extensive countrywide survey by Progressive Insurance show that while people ages 18 to 34 were more likely to use the Internet to purchase auto insurance than people ages 35 to 64, a majority of consumers...
