Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Commercial Auto Rates Up; Sector Ripe for Rapid Change
Oct 23 2000 // Someone up above has been listening. How else can one explain the hardening market that has been the subject of thousands of prayers. Both agents and E&S vendors, then, should be doubly excited about the commercial...
Survey Reveals Insurers Top Fraud Concerns
Oct 20 2000 // According to a recent survey compiled by the National Association of Independent Insurers (NAII), medical fraud rings, staged auto accidents, arson, and workers’ comp scams top the list of fraud concerns for the...
CGNU Posts 21 Percent Increase in U.K. Life Sales
Oct 19 2000 // CGNU surprised analysts on Wednesday when it reported a 21 percent increase in its U.K. life sales totaling £5.5 billion ($8 billion) over the past 9 months, despite a general slowdown in long-term investments in the U.K....
‘Architect’ Designed His Future
Oct 16 2000 // LeAndre Drake Davis of San Jose was convicted Sept. 8 on 26 federal charges related to three fraud schemes he operated in the wake of the 1994 Northridge earthquake. The 37-year-old man was the president of Shadowbrook...
Arthur J. Gallagher Net Earnings Up 18 Percent for 2000
Oct 13 2000 // Arthur J. Gallagher & Co. announced on Thursday its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12...
Survey Reveals Stronger Agency System
Oct 9 2000 // Silicon Valley operatives like to gloat about a shrinking independent agency system. Today there are 42,000 independent agencies in the U.S., down from 46,000 in 1992. Nearly three out of 10 independent agencies have been...
Fitch Affirms SAFECO Ratings, Changes Outlook to Negative
Oct 4 2000 // Fitch has affirmed all ratings of SAFECO Corporation and its insurance subsidiaries. At the same time, the rating outlook has moved from Stable to Negative. The primary factor for the change in rating outlook is the...
After the Gold Rush: Insurance Dot-Coms Shift increasingly Toward the Agent
Oct 2 2000 // In the “stake-your-claim” environment of Internet insurance, any attempt to define trends and categorize business models can be an exercise in frustration. However, in some ways the dot-com gold rush is slowing...
Independent currents:Survey Says: Agency Systems are Stronger
Oct 2 2000 // Silicon Valley operatives like to gloat about a shrinking independent agency system. Today there are 42,000 independent agencies in the U.S., down from 46,000 in 1992. Nearly three out of 10 independent agencies have been...
Calif. Sits on Epicenter of National Quake Survey
Oct 2 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California. But quakes are not a problem for just the Golden State, as the study shows that other areas of the...
Independent currents Survey Says: Agency Systems are Stronger
Oct 2 2000 // Silicon Valley operatives like to gloat about a shrinking independent agency system. Today there are 42,000 independent agencies in the U.S., down from 46,000 in 1992. Nearly three out of 10 independent agencies have been...
InsWeb Raises Revenue Outlook for Second Half of 2000
Sep 29 2000 // Updating its previously announced revenue expectations for the second half of fiscal 2000, Redwood City, Calif.-based InsWeb raised its previous outlook of $8 million to now exceed $9 million. Hussein Enan, InsWeb CEO,...
S&P Revises Outlook on Reliance (Europe) to Negative
Sep 22 2000 // Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard &...
Munich Re Posts 15 Percent Rise in 1st Half Premium
Sep 22 2000 // Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2...
California Sits on Epicenter of National Quake Damage Survey
Sep 21 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California–but quakes are not just a problem for the Golden State, as the study shows that other areas of...
BEST FORECASTS DETERIORATiON
Sep 18 2000 // Despite a recent hardening of prices in the property/casualty industry, underwriting performance worsened during the first half of 2000, according to A.M. Best Co.’s six-month report. The industry’s average...
ZFS Outlook Stable
Sep 18 2000 // The outlook of Zurich Financial Services (ZFS), the Switzerland-based holding company of the ZFS Group, was revised to stable from negative by S&P. Key factors in the rating action included the group’s improved...
Fitch Adopts Negative P/C Outlook
Sep 15 2000 // It’s not hell-in-a-handbasket yet, but the outlook for the property and casualty industry is far from good. On Thursday, Fitch, the international rating agency formed through the June merger of Duff & Phelps...
WCIRB Proposes 10.1% Pure Premium Rate Increase
Sep 15 2000 // After completing its analysis of accident year experience valued as of June 30, 2000, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) announced it will amend its pure premium rate filing. The...
Guy Carpenter Reinsurance 2000 Report Sees Firming Market
Sep 14 2000 // Guy Carpenter, the reinsurance arm of Marsh Inc. has just issued a comprehensive 64 page study of the state and prospects for the property/casualty reinsurance market in the year 2000. The report sees an industry in...
