Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Guy Carpenter Beefs Up London Trade Credit/Political Risk Team
Aug 1 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, has beefed up its London-based Political Risk and Trade Credit practice with the addition of six...
Outlook For China’s Insurance Sector Now Positive
Jul 30 2006 // Standard & Poor’s Ratings Services revised its outlook on China’s insurance sector to positive from developing to reflect expectations that the financial strength of the overall industry will improve over...
Miss. Approves 90% Increase in Wind Pool Rates for Homeowners
Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the...
Commerce Net Earnings Down in 2d Quarter But Up for First Half
Jul 28 2006 // The Commerce Group, Inc. reported 2006 second quarter results showing net earnings were $58.6 million, or $0.86 per diluted share, compared to net earnings of $62.6 million or $0.92 per diluted share for 2005. Included in...
Selective: Solid Premium Growth, Account Retention in 2d Quarter
Jul 26 2006 // Selective Insurance Group, Inc.has reported its financial results for the second quarter ended June 30, 2006. Compared to the second quarter of 2005, the company said: Net income increased 31%, to $42 million, or $1.36 per...
Chubb Chugs Along in 2d Quarter; Raises Outlook for 2006
Jul 26 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...
ACE 2d Quarter Shows 6% Premium Growth; Better Combined Ratio
Jul 26 2006 // ACE Limited has reported net income for the second quarter ended June 30, 2006 of $573 million or $1.72 per common share after payment of preferred dividends, compared with net income of $467 million or $1.58 per share for...
Congressional Hearing Meets on ‘Terrorism and the Insurance Market’
Jul 25 2006 // Two U.S. House subcommittees — the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
Nevada Approves Progressive Halcyon’s Rate Increases
Jul 25 2006 // Nevada Commissioner of Insurance Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Progressive Halcyon Insurance Co. Bodily injury liability rates will increase 8...
Excess flood market steps up when national flood program falls short
Jul 24 2006 // The historical lessons learned from Katrina and Rita, and looming predictions of a future with bigger and stronger storms, have made flood insurance popular these days — even in locations where it was previously...
Mass. Fair Plan plays catch-up on reinsurance, rates
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended. News Currents Last summer when the Massachusetts Fair...
The excess flood market steps up when national flood program falls short
Jul 24 2006 // The historical lessons learned from Katrina and Rita, and looming predictions of a future with bigger and stronger storms have made flood insurance popular these days — even in locations where it was previously...
The excess flood market steps up where NFIP drops off
Jul 24 2006 // The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever before the importance of flood insurance, even in locations where it was...
Reforms pushing California workers’ comp rates, losses down
Jul 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006, which suggested legislative reforms are...
A separate survey
Jul 24 2006 // A separate survey released in May by the National Hurricane Survival Initiative (www.hurricanesafety.org) also revealed a high percentage of residents in hurricane-vulnerable states aren’t prepared, don’t take...
Prime Receives A. M. Best Rating Upgrade to “B+” With a Stable Outlook
Jul 20 2006 // Sandy, Utah and Chicago, Illinois – Prime Holdings Insurance Services, Inc. announced today that its property and casualty insurance subsidiary, The Prime Insurance Syndicate, Inc. (“Syndicate”), was...
Nearly 29% of Employees Considered Unproductive, Survey Found
Jul 19 2006 // Nearly 29 percent percent of company time in America is unproductive, according to the results of a new study by management consulting firm, Proudfoot Consulting. The estimated cost of poor productivity in the U.S. is $598...
Highway Deaths Way Up Where Speed Limits Hiked, Indiana Paper Reports
Jul 18 2006 // Traffic fatalities on Indiana’s six main interstates have climbed 40 percent in the year since the General Assembly voted to increase the speed limit to 70 mph, according to a newspaper analysis. Despite the increase...
Acquisition Broadens Ebix’s Insurance Market Presence
Jul 14 2006 // Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and...
Florida State University Wins $6.2M Grant to Foretell Future Hurricane Strength
Jul 11 2006 // The National Oceanic and Atmospheric Administration (NOAA) has awarded a $6.2 million, five-year grant to the Florida State University Center for Ocean-Atmospheric Studies to develop a new tool that could possibly see the...
