Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Progressive.com Survey Uncovers New Car Buying Attitudes
Feb 5 2001 // A new survey by Progressive Insurance finds that people place a premium on the look and the amenities offered in a new car rather than its safety features. The survey found that the top five considerations when purchasing...
St. Paul Survey Finds Business Fails To Understand High-Tech Risks
Feb 1 2001 // “Businesses do not adequately understand the risks posed by technology, have difficulty identifying potential risks and lack the tools to manage them effectively, according to a major survey of executives at 1,500...
Allianz/AGF Strengthen Position in Aviation Insurance Market
Jan 24 2001 // AGF, the French subsidiary of Germany’s Allianz, announced that its AGF MAT unit had purchased the remaining 51 percent of Westminster Aviation Insurance Group from France’s Groupama-Gan, giving it 100 percent...
Banks are Moving Full Force Into Insurance World, Survey Says
Jan 15 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...
IRC Survey: Americans Willing to Pay for Shorter Trucking Drive Times
Jan 12 2001 // A recent survey of Americans conducted by the Insurance Research Council found that 57 percent of those surveyed believe that increasing the number of hours a truck driver is allowed to drive with no break is unsafe. More...
RLI Reports Modest Growth for 2000; Underwriting Results Mixed
Jan 11 2001 // RLI Corp. reported fourth quarter net operating earnings of $6.3 million ($.63 per diluted share), a 15 percent per-share decline over the $7.4 million ($.74 per share) result from the same quarter last year. Year-end...
Weiss Reports Insurance Company Failures Up 30% In 2000, HMO Failures Down 22 %
Jan 9 2001 // In the face of a slowing economy and stiff competition, 35 insurance companies failed in 2000, a 30 percent increase over the 27 failures recorded in 1999, according to Weiss Ratings, Inc., an independent provider of...
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,...
