Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Auto Experiment Impacted by Healthy Insurance Market, Household Priorities
Jun 29 2001 // According to the Insurance Information Network of California, when California unveiled an experimental, fixed-rate auto insurance policy for the poor last year, there was hope that it might encourage motorists who drive...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 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...
Independent Investigation Heats Up as PwC Finds $87.8 Million in Unrecorded Claims
Jun 22 2001 // PricewaterhouseCoopers, the provisional liquidators appointed last Monday to sort out the financial mess at the U.K.’s Independent Insurance, have so far uncovered £62 million ($87.8 million) worth of insurance...
Auto Club Says Calif. Teen Driving Law Could Prevent Nearly 100,000 Crashes in Next Decade
Jun 22 2001 // According to the Automobile Club of California California’s Graduated Driver Licensing Law (GDL), one of the toughest teen driving laws in the nation, will have a major impact on the number one killer of teens...
Zurich U.S. CEO Sees a Bright Future in Financial Services
Jun 18 2001 // John Amore, president and CEO of Zurich U.S., has a vision not just for his company but for the industry. “I think the industry needs to rebrand itself,” Amore told IJ in an exclusive interview in...
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
Nevada Legislature Wraps Up 2001 Session on Positive Note
Jun 12 2001 // The Nevada State Legislature adjourned last week following several important victories for the insurance industry, according to lobbying groups. Passage of measures benefiting insurers and the defeat of several trial...
Zurich U.S. CEO Sees a Bright Future in Financial Services
Jun 11 2001 // John Amore, president and CEO of Zurich U.S., has a vision not just for his company but for the industry. “I think the industry needs to rebrand itself,” Amore told IJ in an exclusive interview in...
The Middleton Group Releases its Biannual Compensation Survey: How Does Your Agency Compare’
Jun 11 2001 // Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton...
NAMIC Survey Shows Most States Will Not Meet GLBA Deadline
Jun 11 2001 // Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance...
RATES ON THE RISE
Jun 11 2001 // A recent Conning & Company survey of insurance agents and brokers across the U.S. indicates that price increases have continued to accelerate and are in double-digit territory for most commercial lines. In addition,...
U.K. Commercial Premiums Will Continue to Rise
Jun 7 2001 // Delegates at the annual meeting of the U.K.’s Association of Insurance and Risk Managers in Birmingham were told by insurance industry representatives that commercial insurance rates would continue to rise, with...
NAII Notes Build in Momentum as 25 States Sign Producer Licensing Bills
Jun 7 2001 // With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures. The producer...
Progressive Survey Reveals Americans Careless about Vehicle Security
Jun 6 2001 // According to a survey released today by Progressive Insurance, in the U.S., more than one million vehicles were stolen in 2000; that’s 2,740 a day, 114 an hour and more than one vehicle stolen every minute. Yet, when...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
How Does Your Agency Compare’ The Middleton Group biannual compensation survey
Jun 4 2001 // Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton...
Allianz Posts 6% Q1 Rise in Gross Premiums to $17.6 Billion
May 31 2001 // Germany’s Allianz posted a 6 percent rise in gross premiums written in the first quarter of 2001 to € 20.6 billion ($17.6 billion), reflecting contributions from acquisitions and a 7.9 percent increase in p/c...
Munich Re Posts 9% Q1 Premium Growth to $3.7 Billion
May 30 2001 // Munich Re, the world’s largest reinsurer, reported that premium income for the the first quarter reached €4.3 billion ($3.7 billion), a solid 9 percent increase over last year’s figures. N et profits...
Conning Survey Says Commercial Lines Rates Continue to Accelerate
May 29 2001 // A recent Conning & Company survey of insurance agents and brokers across the U.S. indicates that price increases have continued to accelerate and are in double-digit territory for most commercial lines. In addition,...
Further Increases Seen in U.K. Auto Rates
May 25 2001 // According to a survey conducted by Datamonitor, a U.K-based consulting firm, automobile premiums in the U.K. and Ireland, which have already risen by around 20 percent in the last year, are set to increase further. The...
