Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Washington Report Urges International Commission to Speed Up Holocaust Claims Process, Publish Names
Jan 9 2001 // Washington Insurance Commissioner Deborah Senn has issued a final report on the international effort to recover Holocaust Era insurance policies, urging an international commission to speed up its claims process and force...
Banks Moving Full Force Into Insurance, Survey Says
Jan 4 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
Munich Re Survey Shows Natural Disasters Increase – Less Losses
Dec 29 2000 // Munich Re has released a survey of the natural disasters which occurred in the year 2000, citing over 850 worldwide catastrophes, 100 more than last year, but finds that the economic consequences were less, as many of them...
S&P Affirms Zurich Re (Koln) ‘AA’ Ratings – Outlook Negative
Dec 19 2000 // Credit rating agency Standard & Poor’s affirmed the double ‘A’ ratings of Zurich Re (Koln), a reinsurance division of Zurich Financial Services, but changed the outlook from stable to negative. The...
Swiss Re Study Examines World Insurance Market – 1999 Results
Dec 14 2000 // A new Swiss Re Sigma study gives an in depth look at the global insurance market based on 1999 premium figures from 134 countries. The industry, paced by booming life insurance sales, posted a 4.5 percent gain last...
Cairnstone Re Executives Project Double-Digit Increase for Medical Stop Loss Coverage
Dec 14 2000 // Rates for employer stop loss medical insurance will rise significantly again next year as the health reinsurance marketplace continues to stabilize, according to executives with Cairnstone Re, an underwriter and medical...
New Jersey Workers’ Comp Rates to Decline 2.3 Percent in 2001
Dec 8 2000 // Workers’ comp premiums will be reduced by an overall 2.3 percent next year, New Jersey Banking and Insurance Commissioner Karen L. Suter announced yesterday. At the same time, weekly benefits to injured workers for...
I.I.I. Report: Auto Insurance Rates Expected To Rise This Year
Dec 5 2000 // Automobile insurance rates are expected to rise by 1.5 percent this year, the first increase in three years. Additional increases of 2 percent to 4 percent are likely in 2001. Among the factors driving rates upward are...
Crum and Forster Offers EComProtector to Protect Businesses From Emerging Internet,
Dec 1 2000 // Crum&Forster has unveiled a new series of coverages called EComProtector, designed to protect businesses against the emerging risks brought about by the explosive growth of the Internet and the technology supporting...
De Castries Says AXA Seeeks Financial Sector Growth
Nov 30 2000 // Henri de Castries, who succeeded the legendary Claude Bébéar as head of AXA last May, told the French financial newspaper Les Echos that the company’s primary focus is on growth in the financial service...
PwC Report Examines The Future of the Industry
Nov 30 2000 // International accounting and consulting firm Pricewaterhouse Coopers has issued a report on the future of the property/casualty industry, which examines the competitive landscape and “identifies the key drivers...
New Seismic Maps Help Prepare for Future Quakes
Nov 29 2000 // Yesterday, the California Department of Conservation released Seismic Hazard Zone maps used to plan for safer buildings to help protect life and property in the event of an earthquake. The maps detail four...
KPMG Survey: Insurance Firms Repositioning; Want More e-Business Vision
Nov 29 2000 // KPMG, a professional services firm, surveyed 175 senior insurance executives at its 12th Annual Insurance Industry Conference and found that insurance firms are pursuing a number of future strategic options. In addition,...
New York Auto Theft Ring Shut Down; 17 Indicted
Nov 27 2000 // New York Superintendent of Insurance Neil D. Levin announced the indictment of 17 individuals in connection with the operation of a multimillion-dollar auto theft, dismantling and stolen parts ring operating in Queens and...
Premium Income Rises at Allianz – Eyes U.K. Acquisition
Nov 27 2000 // German insurance giant Allianz AG announced that premium income for the first 9 months of the year reached a record €50.9 billion ($42.675 billion) a 15.5 percent rise over 1999. Property and casualty operations...
Lloyd’s/IUA Choose ‘Xchanging’ To Streamline London Insurance Market
Nov 27 2000 // On Oct. 24, Lloyd’s and the International Underwriting Association (IUA) announced that they had selected Xchanging, an Internet and information technology specialist, as a partner in a joint venture to develop and...
Missouri Uninsured Driver Rate Down 18 Percent in 1999
Nov 22 2000 // Missouri’s projected rate of uninsured passenger vehicles dropped by 18 percent—or 63,000 autos—during 1999, reaching the lowest levels since the state enacted its current mandatory insurance law in 1987,...
Predictions for the 2001 Auto Market’
Nov 20 2000 // Predictions for the 2001 Auto Market? Enforcing Uninsured Driver Laws Should Be A Top Agenda Item What will the Texas auto market look like in 2001? The question is being asked at every professional meeting, on every golf...
Surplus Lines Market Shows Signs of Shaping Up
Nov 13 2000 // When retail agents or brokers cannot find coverage for a unique or high-risk insured with a company in the standard or admitted market, they often turn to the surplus lines—or excess and surplus (E&S)—market for...
ebix.com Revenues, Losses Down
Nov 9 2000 // ebix.com Inc. announced results for the third quarter and nine months ended September 30, 2000. Total revenues were $2.9 million for the third quarter of 2000, compared to revenues of $3.1 million for the third quarter of...
