Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Special Reuters Report: Oil Spill a Gusher for Lawyers; Litigation May Take Years
Jun 30 2010 // BP payout should far exceed what Exxon spent on Valdez The company’s $20 billion fund may not be enough Accountability may take years if not decades to assess Many federal laws allow civil, criminal liability From a...
S&P Revises Outlook on Allied World to Positive; Affirms Current Ratings
Jun 25 2010 // Standard & Poor’s Ratings Services has revised its outlook on Allied World Assurance Co. Holdings Ltd. (AWH) and its operating subsidiaries to positive from stable. S&P also affirmed all of its ratings on...
Arizona Wildfire Claims Up to $5 Million
Jun 25 2010 // The Schultz fire burning in Arizona near Flagstaff has incurred up to $5 million in claims to date, according to the latest National Interagency Coordination Center Incident Management Situation Report. To date, 14,800...
More U.S. Firms Buying Terrorism Insurance; Prices Decline: Marsh
Jun 24 2010 // U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh. Sixty-one percent of...
Oklahoma State Revenue Up but So Is Unemployment Rate
Jun 23 2010 // The good news is that state revenue in Oklahoma is improving. The bad news is that the state’s unemployment rate is increasing. The state Board of Equalization has certified revenue that will be available to pay for...
Safety Concerns Rise As Golf Carts Take to the Streets
Jun 22 2010 // When Shannon Wiegert bought the new, bright red golf cart for scooting around car shows, he didn’t think to ask about safety features on the slow-moving vehicle. And when his little girl begged his older daughter for...
Calif. Temporary Disability Workers’ Comp Claim Costs Down 6.1%
Jun 22 2010 // Temporary disability outcomes in California’s $8 billion workers’ compensation system have continued to improve since the enactment of 2004 reform legislation, new research from the California Workers’...
Best Lowers Ratings on BP Captive Jupiter; Outlook Remains Negative
Jun 22 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit rating (ICR) to “a” from “aa-” of Guernsey-based...
Rush to Electronic Health Records Could Increase Liability Risk
Jun 22 2010 // Although the benefits of bringing information technology to health records can be substantial, electronic health records (EHR) systems also give rise to increased liability risks for health care providers due to possible...
Florida Reinsurance Prices Decline 10% But Challenges Remain at Renewal
Jun 21 2010 // Reinsurance pricing at the June 1 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co., which...
Best Affirms PartnerRe Group’s ‘A+’ Ratings; Outlook Stable
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR...
Best Affirms Fuji Fire & Marine ‘B++’ Ratings; Outlook Revised to Stable
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Japan’s Fuji Fire & Marine Insurance Company, Limited, and...
A.M. Best Revises Outlook to Negative for Dallas National Insurance Co.
Jun 18 2010 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit rating (ICR) of “bbb” for Dallas National Insurance Company (DNIC) in...
Progressive Sees Increase in Cat Losses in May
Jun 17 2010 // Progressive Insurance has reported 5 percent increases in both net premiums written and earned in May 2010 compared with May 2009, but net income dropped by 19 percent in May 2010 compared with the same month in the...
Obama Demands BP Set Up Independent Account for Oil Claims
Jun 16 2010 // President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand today that BP set aside billions of dollars to pay damages from the catastrophe. A day after he vowed to fight...
Rise in Employer Healthcare Costs Slowing
Jun 15 2010 // Medical costs for U.S. employers will rise by 9 percent in 2011, slightly less than they have risen this year, according to a survey released Monday. To try to control the impact, employers are turning to wellness programs...
S&P Revises Marsh Mac Outlook to Negative; Ratings Affirmed
Jun 15 2010 // Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable. S&P has also affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term...
Best Affirms Liberty Mutual, Subs ‘A’ Ratings; Outlook Negative
Jun 14 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool...
Best Affirms NYMAGIC Group, Subsidiaries Ratings; Outlook Stable
Jun 10 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group. The ratings also apply to the two members of the...
Best Upgrades Travelers Group Issuer Credit Ratings; Revises Outlook
Jun 9 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “aa” from “aa-” of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and...
