Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
TSR Updates Hurricane Forecast
Mar 21 2007 // The UK-based Tropical Storm Risk (TSR) weather forecaster has issued a revised assessment of the upcoming Atlantic hurricane season, which indicates that it will be a more active season than previously expected. TSR, which...
Crescent City Agency Shut Down for Fraud
Mar 21 2007 // Two Pelican Bay State Prison correctional officers have been arrested for stealing insurance premium payments and issuing bogus documents to customers of their insurance agency, some of whom were fellow prison employees,...
Hurricane Chief Voices Concerns About Forecasts from Aging Satellite
Mar 19 2007 // Certain hurricane forecasts could become less accurate if a key weather satellite that is already beyond its expected life span fails, the nation’s new top forecaster said. The change would mean placing longer...
ACE Survey Shows Data Loss is Top Operational Risk Threat
Mar 16 2007 // One in three global businesses see loss of data as a significant threat and the key issue to address in operational risk management planning, according to the latest global risk briefing report conducted by the Economist...
Fixing Miss. Wind Pool Key to Future Markets, Says Dale
Mar 15 2007 // How Mississippi handles its wind pool could very well determine the future of the state’s property insurance market, according to the state’s insurance commissioner. “[O]ne of the major problems that I...
Survey: Most Workers Underestimate Chances, Impact of Disability
Mar 14 2007 // While growing number of American workers are forecasted to experience a disability during their career, more than 80 percent of workers said they believe their chances of becoming disabled are far lower than actual...
AmWINS Outlook Revised to Stable From Neg; Ratings Affirmed
Mar 14 2007 // Standard & Poor’s Ratings Services said that it affirmed its ‘B’ counterparty credit and senior debt ratings on AmWINS Group Inc. (NYSE:AGI; f/k/a American Wholesale Insurance Group Inc.) and revised...
Catlin’s 2006 Results Rise on Wellington Acquisition
Mar 12 2007 // Catlin Group Limited announced financial results for the year ended December 31, 2006 that exceeded the expectations of most analysts. The Bermuda-based Company not only managed to smoothly absorb its acquisition of...
Insurance Journal’s Exclusive Agency Salary Survey
Mar 12 2007 // More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission...
Chicago Exchange offering futures contracts on ’07 hurricanes
Mar 12 2007 // The Chicago Mercantile Exchange is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc., is teaming up with Carvill Group, a reinsurance...
Insurance Journal’s Exclusive 2006 Agency Salary Survey
Mar 12 2007 // More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission...
Swiss Re <em>sigma</em> Study Details 2006 Natural, Man-made Disasters
Mar 9 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Munich Re Releases 2006 Nat Cat Report; Focus on Climate Change
Mar 8 2007 // In a just released report – “Topics Geo — Natural catastrophes 2006” – Munich Re maintains that “continuing unfavorable natural climate cycle and additional effects of global warming will...
Guy Carpenter, MMC Securities Release Cat Bond Survey
Mar 6 2007 // Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. have published their fifth annual Cat Bond survey: “Catastrophe Bond...
Best Affirms Misr Ratings; Outlook Revised to Negative
Mar 6 2007 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating “a-” of Egypt’s Misr Insurance Company. However, Best also revised its ratings outlook...
A.M. Best: Commercial P/C Outlook Stable Despite Price Competition
Mar 5 2007 // A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although A.M. Best says there continues to be evidence of pricing deterioration, the level...
Best Revises 2007 Global Reinsurance Outlook to Stable
Mar 1 2007 // Following its upbeat analysis of the personal lines market (See related article in National section), A.M. Best Co. has also given a thumbs up to the global reinsurance market. Best revised its 2007 outlook for the sector...
More Than Half of Adults Could Not Meet Expenses If They Became Disabled, Survey Shows
Feb 28 2007 // Most Americans are not prepared to deal with the possibility of becoming disabled and, in turn, unable to work, according to new research by the National Association of Insurance Commissioners (NAIC). More than half (56...
Chicago Specialty Underwriters Report 4th Quarter, Year-end Results
Feb 28 2007 // Specialty Underwriters’ Alliance, Inc. has announced financial results for the fourth quarter and year ended December 31, 2006. Highlights for the year ended December 31, 2006 include: * Gross written premium growth...
Chicago Exchange offering futures contracts on ’07 hurricanes
Feb 26 2007 // The Chicago Mercantile Exchange, the largest derivatives exchange in the U.S., is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc.,...
