Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
West Marine Reports Increase in Net Sales
May 4 2001 // Watsonville, Calif.-based West Marine Inc. reported that net sales for the four weeks ended April 28, 2001 were $51.1 million, a 4.9 percent increase from net sales of $48.7 million for the same period a year...
ProMutual to Increase Malpractice Insurance Rates
May 3 2001 // Beginning July 1 of this year, ProMutual, Massachusetts’ largest provider of malpractice insurance for physicians, will raise its rates for malpractice insurance an average of 14 percent across specialties. According...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 30 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 28 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 23 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....
IRC Reports Increase in Losses in NY No-Fault Auto Claims
Apr 21 2001 // According to a new study by the Insurance Research Council (IRC), a division of the American Institute for CPCU and the Insurance Institute of America, losses in Personal Injury Protection (PIP) claims rose by 79 percent...
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...
