Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
HURRICANE FORECAST REVISED
Jun 26 2000 // Colorado State University’s hurricane forecast team led by William Gray has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began June...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 26 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
Commercial Lines Deregulation Continuesto Gain Momentum at State Level
Jun 26 2000 // Chalk up 2000 as another year for making great strides in passing legislation relating to deregulation. Since 1997, 21 states have passed laws deregulating commercial lines to one degree or another. “In 2000, we had...
Aviation Prices Go Up, Up and Away
Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses. Some underwriting companies also insure an array of aviation-related...
Rhine Re Affirmed, Outlook Negative
Jun 26 2000 // S&P affirmed its ‘A-‘ counterparty credit and financial strength ratings on Rhine Reinsurance Co. Ltd. and Rhine Reinsurance (Bermuda) Ltd., known collectively as the Rhine Re Group (Rhine Re). The outlook...
In the Underworld: Kidnapping, Hostage-Taking and Extortion Demands On the Rise
Jun 26 2000 // Kidnapping—seizing and holding people for a money payment; wrongful detention—when someone’s held for political reasons, and all kinds of extortion demands, are definitely on the rise,” said AIG Europe Vice...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 20 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
Lloyd’s Survey Reveals Lack of E-Commerce Coverage
Jun 8 2000 // A Lloyd’s study based on a survey at the recent annual conference of the Association of Risk Managers in Birmingham England, has revealed that 75 percent of the companies surveyed had no coverage against damages...
CSU Forecast Team Ups Hurricane Prediction for 2000
Jun 8 2000 // Colorado State University’s hurricane forecast team, led by William Gray, has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began...
S&P Outlook Negative For Japanese P/C Insurance Sector
Jun 7 2000 // International Rating Agency Standard & Poor’s announced that it was “maintaining its negative outlook on the Japanese nonlife insurance sector following the disclosure of the industry’s financial...
Survey Shows Support for Class Action Reform
Jun 7 2000 // Seventy percent agreed that significant reform of the class action lawsuit system is needed. Forty-four percent of respondents in IRC’s recent survey said that the number of class action lawsuits today is too...
IRC Survey: Exaggerated Claims Are OK
Jun 7 2000 // These respondents agreed that it is acceptable to increase the amount of an insurance claim by a small amount to make up for a deductible. Nearly one in four respondents (24 percent) said that it is acceptable to increase...
Survey Predicts Continued Market Hardening
Jun 5 2000 // The CIAB’s Commercial Insurance Markets Index survey found the most significant increases for medium-sized accounts-those generating between $25,000 and $100,000 in commissions and fees-with 87% of the respondents...
New Speculation Concerning Future of Scandinavian
May 30 2000 // Sweden’s Skandia, Norway’s Storebrand and Finland’s Pohjola originally agreed to merge their respective p/c business into a pan-Scandinavian group with the unlikely name of...
Lloyd’s ‘A’ Rating Affirmed/Outlook Negative
May 29 2000 // Lloyd’s “A” rating and financial size category of XV were affirmed by A.M. Best. However, the rating continues to carry a negative outlook. While the rating is applicable to the business written by 122...
AFP Survey Finds Internet Use for Insurance Industry On the Rise
May 29 2000 // With the widespread use of the Internet, a growing number of organizations have developed Web sites to perform many functions, ranging from obtaining information to e-commerce. Still, U.S. corporations today make minimal...
Moratoriums Add Up in Calif.’s Nonstandard Market
May 29 2000 // Could it be that the California nonstandard auto market is hardening? Looking back to the beginning of the year, many companies lowered their personal auto rates in California in an effort to gain market share, but...
S&P Has Negative Outlook on German P&C Insurers
May 22 2000 // Citing consistent downward trends over the last three years, Standard & Poor’s Rating’s Services forecasts problems for German P&C insurers. “Underlying performance in the German...
A BRIEF HISTORY OF AUTOMATION: The Past, Present and Future of the Industry
May 15 2000 // In 1981, IBM introduced its personal computer (PC) for use in the home, office and schools. Prior to that time, there had been several MS-DOS compatible personal computers that ran DOS programs. As computers became more...
Head of Kiln Plc Sees Rate Increases in Lloyd’s Market
May 12 2000 // David Gilchrist, Chairman of Lloyd’s vehicle Kiln Plc, which owns 46 percent of four Lloyd’s syndicates, told Reuters News Agency that despite 1999 losses of £6.7 million ($10.4 million) he “expects to...
