Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
What is Future of Shrinking U.S. Consumer Product Safety Commission?
Jul 30 2007 // The Consumer Product Safety Commission could soon shrink to the point where it can’t effectively protect the public, veteran Commissioner Thomas Moore says. Many employees at the agency responsible for overseeing the...
Commerce Group Net Earnings Dip, Loss Ratio Rises in 2Q
Jul 27 2007 // The Commerce Group, Inc. in Webster, Mass. reported 2007 second net earnings were $41.5 million, or $0.63 per diluted share, compared to net earnings of $58.6 million or $0.86 per diluted share for 2006. Included in the...
One-Third on Coast Will Resist Evacuation, Says Harvard Survey
Jul 26 2007 // According to a new survey of people in high-risk hurricane areas, one-third (31 percent) of residents said if government officials said they had to evacuate due to a major hurricane this season, they would not leave. This...
Still time to register for Private Sector Summit on Florida property insurance market
Jul 26 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of the property insurance law (HB 1A) that contains new mandates. How to...
Declining Traffic Deaths Lead to Lowest Highway Fatality Rate Ever Recorded
Jul 24 2007 // The number of people who died on the nation’s roads fell last year, leading to the lowest highway fatality rate ever recorded and the largest drop in total deaths in 15 years, U.S. Transportation Secretary Mary E....
State Rejects Fla. Farm Bureau Home Insurance Rate Increase
Jul 23 2007 // The state will deny a planned home insurance rate increase by Florida Farm Bureau’s two property insurance companies, which have about 140,000 homeowners policies, the Office for Insurance Regulation said. Florida...
S.C. ‘Wind pool’ Insurance Rates Likely to Rise
Jul 23 2007 // Insurance rates for people along the South Carolina coast who can’t find regular coverage for hurricane and wind damage will likely be going up this fall, although the amount of the increase has not been...
Premium Growth: Top 25 P/C premium gainers for first quarter 2007
Jul 23 2007 // I am certain that Erik Erikson, Stella Chess and Jane Whitbread were not thinking of the insurance industry when they wrote this but they could have been. The 25 property/casualty insurers with the largest increase in...
Ala.: ProAssurance Recognized in Ward’s 2007 Survey
Jul 20 2007 // Birmingham, Ala.-based ProAssurance Corp. is included in the 2007 Ward’s 50, a prestigious list which recognizes top performing property-casualty insurance companies. ProAssurance is the only specialty medical...
RAA Releases 2006 Statistical Report on Offshore Reinsurance in the U.S.
Jul 18 2007 // In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore...
Commercial P/C Prices Still Dropping, Risk Manager Survey Finds
Jul 17 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...
5 Secrets Insurance Agents Should Know to Increase Sales
Jul 16 2007 // There are two types of insurance agents: successful and not successful. Insurance agents that make six figures a year have a secret. They use prospecting methods that make them money. While many insurance agents waste...
Alfa Expects to Report Record Earnings for Q2 2007
Jul 16 2007 // Alfa Corporation announced that it expects operating income for the quarter ended June 30, 2007, to be in a range of $0.40 to $0.44 per diluted share. The results are primarily due to improved underwriting results at the...
FEMA Officials Plan to Survey Flood Damage in Okla.
Jul 12 2007 // Federal officials plan to survey damage and talk to residents this week in flood-ravaged neighborhoods in Bartlesville and Dewey, Okla., where more than 3,000 people were displaced when the Caney River flooded its banks...
Firefighters Hope to Continue Progress on Record-Setting Utah Wildfire
Jul 11 2007 // Progress was being made as crews headed out Tuesday to fight a record-breaking wildfire burning in central Utah. The size of the fire increased to 469 square miles gaining only about 11,000 acres from Monday to Tuesday...
Survey: Consumers Rank USAA Tops in Service
Jul 10 2007 // USAA, which provides insurance to people in the armed services, their spouses and children, was ranked No. 1 of companies that demonstrate they have their customers’ best interests at heart in a survey by Forrester...
Guy Carp Issues UK Liability Survey
Jul 5 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published “A Year in Review – 2006 Update,” its fourth annual review of the liability...
S&P: Korean P/C Outlook Stable
Jul 5 2007 // “The outlook on rated Korean non-life insurers remains stable,” says a report from Standard & Poor’s Rating Services, “reflecting the expectation that underwriting performance may gradually...
S&P: Outlooks on Most Asia-Pacific Insurance Markets is Stable
Jul 5 2007 // The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance...
Calif. workers’ comp written premiums down 17%
Jul 2 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
