Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Raises Rating on Lloyd’s Advent Syndicate 0780; Outlook Positive
May 15 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to “2” from “2-” with a positive...
Ala.’s Alfa Ratings Lowered One Notch to ‘A+’; Outlook Stable
May 14 2007 // While its outlook remains stable, Standard & Poor’s Ratings Services lowered Alfa Insurance Group’s credit and financial strength ratings to ‘A+’ from ‘AA-‘. Alfa is the...
NCCI Reiterates “Optimistic but Cautious” Outlook for Workers Comp
May 11 2007 // The workers compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995 according to NCCI Holdings...
AXA First Quarter Revenues Increase in all Sectors
May 11 2007 // AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only...
ABI Survey Estimates UK Fraudulent Claims at $8 Million a Day
May 10 2007 // A survey conducted by the Association of British Insurers concludes that fraudulent insurance claims are now costing insurers and honest customers over £4 million ($7.98 million) every day. The annual cost is around £1.6...
Survey: Geico, NY Life Rank High in Brand Loyalty
May 10 2007 // Among insurance companies, NY Life and Geico rank highest in brand loyalty, according to the 2007 Brand Keys Customer Loyalty Engagement Index. The index, which examines customer relationships with 362 brands in 55...
Safety Insurance 1Q: Net Income Dips; Written Premiums Rise Slightly
May 8 2007 // Safety Insurance Group, Inc., a Massachusetts-based personal lines insurer, reported first quarter 2007 net income was $24.6 million, or $1.53 per diluted share, compared to $30.8 million, or $1.94 per diluted share, for...
NEIGHBORS SEEK TO DRAIN N.Y. CITY’S WATER RESEVOIRS TO STEM FUTURE FLOODING
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Another report details property/casualty insurers’ 2006 profitability, escape from storms
May 7 2007 // Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in...
Study: Obese workers drive up workers’ compensation costs
May 7 2007 // Gaining too much weight can be as bad for an employer’s bottom line as it is for a person’s waistline. A Duke University Medical Center analysis found that obese workers filed twice the number of workers’...
Neighbors seek to drain N.Y. City’s waterreservoirs to stem future flooding
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Oregon bill could increase maximum allowable liability limits
May 7 2007 // The Oregon Senate Judiciary Committee is considering increasing the maximum liability limits that may be awarded for damage claims against government agencies. Meanwhile, the state Supreme Court is evaluating arguments on...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Munich Re Q1 Net Stable; Announces Future Plans
May 4 2007 // Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results,...
S&P Rates Tryggingamidstödin ‘BBB’; Outlook Stable
May 3 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Icelandic insurer Tryggingamidstödin hf. (TM) with a stable...
UK Survey Targets Women’s View of Male Drivers Irritating Habits
May 3 2007 // A survey from the UK’s Diamond, an automobile insurer that specializes in coverage for women drivers, reveals some of their male counterparts most irritating driving habits. While Diamond’s survey, which...
Total Cost of Risk Continues Downward Trend, RIMS Survey Finds
May 2 2007 // The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and...
New Chubb D&O Form Addresses Trends Outside the U.S.
Apr 30 2007 // In response to changes in insurance regulations and more stringent corporate governance requirements worldwide, the Chubb Group of Insurance Companies has introduced a Difference in Limits/Difference in Conditions...
Munich Re AGM Highlights Improved Results, Future Plans
Apr 27 2007 // Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future. Shareholders got...
