Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Lloyd’s Execs Comment on ‘Mixed Outlook’ for Marine Sector
Sep 17 2008 // Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of...
Mo. Workers’ Comp Claims Decline, Sparks Debate Between Officials
Sep 17 2008 // The number of workers’ compensation claims has gone down since a 2005 Missouri law made it harder to prove workplace injuries. Insurance premiums also have declined for businesses. Republican Gov. Matt Blunt touts...
Oregon Workers’ Compensation Costs To Decrease About 6%
Sep 15 2008 // Employers in Oregon will pay nearly 6 percent less on average for workers’ compensation coverage in 2009, the Department of Consumer and Business Services announced. The reduction in the workers’ compensation...
S&P Report Analyzes 10 Years Of Natural Catastrophe Bonds
Sep 12 2008 // A report from Standard & Poor’s Ratings Services notes that the “natural catastrophe (nat-cat) bond market has come a long way since S&P rated its first true nat-cat bond a decade...
Bristol West Decreases Washington Auto Rates 10 Percent
Sep 12 2008 // Davie, Fla.-based Bristol West Insurance Co. announced it is decreasin automobile insurance rates up to 10 percent for current and new customers in Washington. The rate decrease is effective Sept. 16, 2008, and is based on...
RMS Estimates Ike Insured Losses up to $200 Million – So Far
Sep 12 2008 // Risk Management Solutions estimates that the damage wreaked by Hurricane Ike in the popular Turks & Caicos Islands and Bahamas at between $50 million and $200 million. RMS said the majority of the losses were due to...
Oklahoma Agents Group Surveys Legislative Candidates on Issues
Sep 11 2008 // As the political season moves into high gear, the Independent Insurance Agents of Oklahoma (IIAO) has released the results of a non-partisan survey of candidates for state legislative offices. The association acknowledged...
North Carolina Insured Drivers to See Rate Decrease of 16.1%
Sep 11 2008 // North Carolina Insurance Commissioner Jim Long signed an order requiring a 16.1 percent reduction in private passenger auto rates and a 11.7 percent reduction in motorcycle liability rates. The decreases will become...
S&P Reports Examine Reinsurers’ Risk Management, Pricing Trends
Sep 9 2008 // Standard & Poor’s Ratings Services has published two reports, coinciding with the Reinsurance Rendezvous in Monte Carlo, which examine the reinsurance industry’s progress in implementing risk management...
S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...
Catlin Sponsors Major Arctic Survey
Sep 4 2008 // The Bermuda-based Catlin Group Limited announced that it is sponsoring a major scientific expedition to capture vitally needed data for scientists studying the impact of global warming on the Arctic ice cap. “The...
S&P Raises SCOR’s Outlook to Positive
Sep 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an ‘A-‘...
Fitch: Global Reinsurance Ratings Outlook Remains Stable
Sep 3 2008 // An analysis of the global reinsurance sector from Fitch Ratings London office concludes that the outlook “”remains stable.” Fitch said it “believes that individual companies’ operating...
Report: Claims Associated with Violence in the Workplace on Decline
Sep 3 2008 // The National Council on Compensation Insurance released its fourth analysis in a series of reports on workplace violence. The report provides updated data based on the latest available information from the U.S. Bureau of...
Gustav Impact Limited But Losses from Moderate Catastrophes Add Up
Sep 2 2008 // Gustav may not wallop the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the continued pile-up of catastrophe losses. Standard &...
Arizona Insurers Seek 7.9% Workers’ Comp Rate Increase
Sep 2 2008 // Arizona workers compensation carriers have filed for a 7.9 percent rate increase to take effect Oct. 1, 2008, according to the National Council on Compensation Insurance. By industry group, the rate increase would include...
Gas Prices Drive N.Y. Rate Decreases
Sep 1 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Auto Rates Rising for State Farm, Allstate Customers
Sep 1 2008 // Allstate and State Farm are raising their auto rates in Texas. State Farm filed with the Texas Department of Insurance increases of 2.4 percent and 7.3 percent, respectively, for its two auto insurance subsidiaries, State...
California Proposes 16% Workers’ Comp Rate Increase
Sep 1 2008 // The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective...
U.S. Commercial Lines Outlook Revised To Negative From Stable
Sep 1 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor’s credit analyst John Iten explained...
