Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Affirms Indian Insurer’s ‘A-‘ Ratings; Outlook Now Stable
Feb 4 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of The New India Assurance Company Limited, and has revised its outlook on the...
Chubb 4Q Profit Stayed About Even; U.S. Premiums Down 2%
Jan 30 2008 // The Chubb Corp. reported that net income in the fourth quarter of 2007 was $650 million or $1.68 per share, compared to $654 million or $1.56 per share in the fourth quarter of 2006. Operating income increased to $620...
Mississippi Commissioner: Coastal Insurance Rates to Increase
Jan 30 2008 // The state’s new insurance commissioner says Mississippi Gulf Coast residents can expect an insurance rate increase this year. Commissioner Mike Chaney spoke Monday at the opening of the Insurance Department’s...
For 2007, Hanover Reports P/C Earnings Up 20%; Premiums Up 5%
Jan 29 2008 // The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading...
Fitch Downgrades XL’s Ratings; Outlook Stable
Jan 28 2008 // Following its decision to downgrade SCA and XL’s financial guaranty subsidiaries, Fitch Ratings announced that it has also downgraded XL Capital Ltd. and its P/C insurance reinsurance. Fitch lowered the Group’s...
N.Y. Insurance Fraud Arrests Are Up
Jan 27 2008 // Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report from the state insurance department. The bureau, established in...
FBI Study: Violent, Property Crime Rates Decline
Jan 27 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Industry Executives Predict Tort Trends Likely to Remain Stable in 2008
Jan 27 2008 // Tort trends will likely remain stable in the year ahead, according to a survey conducted by the Insurance Information Institute. Sixty-six percent of the executives polled believe that tort trends in 2008 will be little...
Calif. Agents Brace for Rising Workers’ Comp Rates
Jan 27 2008 // In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving, either for themselves or for their clients, in 2008. The study...
Survey: Men Believe They’re Better Prepared for Disaster Than Women
Jan 27 2008 // Men and women are on different pages when it comes to disaster preparedness, with males typically believing they are more prepared than women, according to a national survey by AxcessPoints, a California-based online...
Executives See Only Moderate Growth for P/C Industry in 2008
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
Commercial Insurers’ Stocks Flat in 2007; M&As Heat Up
Jan 27 2008 // Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large...
Willis Marine Protection & Indemnity Review Finds Increased Claims
Jan 24 2008 // Willis Group Holdings has released its Marine Protection & Indemnity (P&I) Market Review for 2007/2008. Willis said the “annual report provides a succinct overview of the P&I marketplace and explores...
Willis Marine Protection & Indemnity Review Finds Increased Claims
Jan 24 2008 // Willis Group Holdings has released its Marine Protection & Indemnity (P&I) Market Review for 2007/2008. Willis noted that the “annual report provides a succinct overview of the P&I marketplace and...
Dinallo: Bond Insurance Market Fix Needs Time
Jan 24 2008 // Days after announcing a three-part strategy to fix the ailing New York bond insurance market, the state’s top regulator said any plan to deal with the issues facing insurers would take time. “These are...
California Agents Brace for Rising WC Rates, Sluggish Economy
Jan 18 2008 // In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving – either for themselves or for their clients – in...
Willis Energy Review Warns High Commodity Prices Increase Insurance Exposures
Jan 18 2008 // In its latest energy review, Willis warns that “sharp increases in the price of oil, steel, building materials and contractor day rates have resulted in significantly increased exposures to energy...
Commercial Lines Pricing Shows Modest Decrease from 2006 to 2007
Jan 17 2008 // Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the...
New York Says Insurance Fraud Arrests Are Up
Jan 16 2008 // Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report released today by the state insurance department. The bureau,...
Tort Trends Likely to Remain Stable in 2008, Finds I.I.I. Survey
Jan 16 2008 // Tort trends will likely remain stable in the year ahead, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 12th annual Property/Casualty Insurance Joint Industry Forum. Sixty-six...
