Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Revises Congregational & General Outlook on Capital Woes
Aug 30 2007 // Standard & Poor’s Ratings Services has revised its outlook on U.K.-based P/C insurer Congregational & General Insurance PLC to negative from stable, “due to a swift and significant deterioration in...
UK Insurance Market Worth $352 Billion Says R&M Report
Aug 30 2007 // According to its recently released “Insurance Industry Market Review 2007,” Dublin-based Research and Markets examination of the UK insurance market and the industry that provides it with insurance products,...
Alabama to Conduct Three-Year Study of School Bus Seat Belts
Aug 22 2007 // Students now starting kindergarten will be in the third grade when a state task force created after a deadly school bus wreck in Huntsville wraps up a study on whether Alabama school buses should have seat belts. The panel...
S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers
Aug 22 2007 // Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service....
SCOR’s 1H Gross Written Premiums up 55% to $2.86 Billion
Aug 22 2007 // France’s SCOR Group has turned in a good first half performance, even before absorbing Swiss reinsurer Converium AG. The reinsurer announced that gross written premiums for the first half of 2007 rose to €2.124...
Wineries’ risks rise when events move beyond tastings
Aug 20 2007 // Wineries are drinking to their good fortune, with 13 consecutive years of sales growth and each acre of grapes producing between $15,000 and $75,000 in gross sales value, according to wine industry consultant Jon...
Wineries’ risks rise when events move beyond tastings
Aug 20 2007 // Wineries are drinking to their good fortune, with 13 consecutive years of sales growth and each acre of grapes producing between $15,000 and $75,000 in gross sales value, according to wine industry consultant Jon...
Best Downgrades Nationwide (Florida) Ratings to ‘B’ – Negative Outlook
Aug 15 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B-” (Fair) from “B” (Fair) and the issuer credit rating (ICR) to “bb-” from “bb” of Nationwide Insurance...
Fla. Cancels Two Insurers’ ‘True-Up’ Rate Filing Requests
Aug 13 2007 // The Florida Office of Insurance Regulation disapproved Metropolitan Casualty Insurance Co.’s and Metropolitan Property & Casualty Insurance Co.’s rate filings because they lacked the legally required...
Aviva’s First Half Global Sales up 25% to $38.8 Billion
Aug 13 2007 // Aviva, the UK’s largest insurer, also reported some of the largest growth figures for the first half of 2007, with “worldwide sales” up 25 percent to £19.294 billion ($38.816 billion). Other earnings...
Calif. Surplus Lines Premiums Down 11%
Aug 9 2007 // The Surplus Line Association of California is reporting that premiums in the Golden State are trending down. According to the group, “premiums processed in the first three months of 2007 decreased by 11.75 percent....
Gray Lowers Hurricance Forecast to 4 Intense Storms
Aug 8 2007 // Noted hurricane researcher William Gray from Colorado State University has lowered his 2007 forecast slightly, citing cooler water in the Pacific and more atmospheric dust from Africa in predicting 15 named storms and...
Q2 Net Income, Premiums Down at Safety Insurance Group
Aug 6 2007 // Safety Insurance Group, Inc. reported that its second quarter net income was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for the comparable 2006 period. Net income for...
S.C. wind pool rates rise 35%
Aug 6 2007 // Rates for the South Carolina Wind and Hail Underwriting Association went up an overall 35 percent beginning July 19 under an approval from Scott H. Richardson, director of the South Carolina Department of Insurance. In...
COMMERCIAL P/C PRICES STILL DROPPING, RISK MANAGER SURVEY FINDS
Aug 6 2007 // Commercial insurance premiums continued to decline during the second quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. RIMS Benchmark...
Kansas ranks third, survey says
Aug 6 2007 // N.D. HAS BEST ROADS IN U.S. Redlining or effective predictor? THE RUSSIANS AREN’T COMING No Russian firefighting aid yet
S.C. wind pool rates rise 35%
Aug 6 2007 // Rates for the South Carolina Wind and Hail Underwriting Association went up an overall 35 percent beginning July 19 under an approval from Scott H. Richardson, director of the South Carolina Department of Insurance. In...
Kansas ranks third, survey says
Aug 6 2007 // N.D. HAS BEST ROADS IN U.S. Redlining or effective predictor? THE RUSSIANS AREN’T COMING No Russian firefighting aid yet
Aon Eyes Sale of Life Unit; Reports 2d Quarter Net Up 24%
Aug 1 2007 // Aon Corp. reported that it is considering “strategic options” for its life insurance subsidiary, including a possible spinoff or sale of the company. Aon disclosed the strategy in announcing its second quarter...
Ark. Traffic Deaths Rise as Nationwide Average Drops in 2006
Jul 31 2007 // Deaths from traffic crashes in Arkansas slightly increased last year, as the nationwide average dropped, new federal statistics show. The National Highway and Traffic Safety Administration recorded 665 fatal crashes in...
