Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Raises Outlook on Professionals Direct
Dec 20 2006 // Standard & Poor’s Ratings Services recently revised its outlook on Professionals Direct Insurance Co. (PDIC) to stable from negative. Standard & Poor’s also said that it affirmed its ‘BBB’...
S&P Lowers Transatlantic Re’s Outlook
Dec 20 2006 // Standard & Poor’s Ratings Services has revised its outlook on Transatlantic Holdings Inc. (TRH) and its operating subsidiaries – Putnam Reinsurance Co., Trans Re Zurich, and Transatlantic Reinsurance Co....
S&P Revises B.E.S.T. Re Outlook to Positive; Affirms ‘BBB’ Ratings
Dec 20 2006 // Standard & Poor’s Ratings Services has revised its outlook to positive from stable on Tunisia-based reinsurer B.E.S.T. Reinsurance Co. (Best Re). S&P also affirmed the Company’s ‘BBB’...
Best Affirms Arab Re ‘B+’; ‘bbb-‘ Ratings; Off Review, Outlook Stable
Dec 18 2006 // A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating (ICR) of “bbb-” of Lebanon’s Arab Reinsurance Company S.A.L. Best also removed the...
Best Affirms Montpelier Re ‘A-‘ Ratings; Raises Outlook to ‘Stable’
Dec 18 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. Concurrently, Best affirmed the ICR of...
NCCI Proposes Increase for Workers’ Compensation Loss Costs
Dec 15 2006 // The National Council on Compensation Insurance has submitted a filing for an average increase of 3.4 percent for workers’ compensation voluntary insurance loss costs, according to Nevada Insurance Commissioner Alice...
Tillinghast: Overall U.S. Tort Costs Dropping; Fewer Auto Claims Drive Decline
Dec 14 2006 // U.S. tort costs totaled $261 billion in 2005, which is approximately $880 per person and $4 less per person than in 2004, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers...
Her Future’s Uncertain but Mass. Commissioner Keeps Busy
Dec 13 2006 // These are busy days for Massachusetts Insurance Commissioner Julianne Bowler. Within weeks, even days, Bowler is expected to release final plans for a new auto insurance assigned risk plan, decide on auto insurance rates...
Best Affirms Endurance Ratings; Raises Outlook to Positive
Dec 12 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Bermuda-based Endurance Specialty Insurance Ltd. and its operating...
NCAR Study Foresees No Summer Arctic Ice by 2040
Dec 12 2006 // According to the latest study by a team of scientists from the National Center for Atmospheric Research (NCAR), the University of Washington, and McGill University, the Arctic ice pack is recovering less and less from...
Best Affirms RenRe Ltd., Europe FSR Ratings; Raises Debt Ratings to ‘a+’; Outlook Positive
Dec 12 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and upgraded the issuer credit ratings (ICR) to “a+” from “a” of Renaissance Reinsurance Ltd. and...
Report Details How Conn. Economy Still Depends Upon Insurance Sector
Dec 11 2006 // Connecticut remains dependent upon the insurance sector for many of its jobs and much of its economic growth, a new report by an industry coalition confirms. The state has triple the U.S. average of insurance carrier jobs...
Motor vehicle theft declines in California, but violent crime increases
Dec 11 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
CA State Fund files rate decrease
Dec 11 2006 // California’s State Compensation Insurance Fund is calling for a 9 percent average decrease in collectible premium in its latest filing of workers’ compensation rates for 2007. The new rate will affect new and...
Students, Weapons and Bullying(April 2001 Journal of the American Medical Association Study)
Dec 10 2006 // •16 percent of 15,686 students surveyed nationally in the 6th though 10th grades said they had been bullied in that school year. •Of the 16 percent, 6 percent admitted to bullying other students. (Center for...
Motor vehicle theft declines in California, but violent crime increases
Dec 10 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
Swiss Re’s Economic Forum Focuses on Emerging Markets, Industry Outlook
Dec 6 2006 // Swiss Re’s recent Economic Forum noted the strong opportunities for insurance protection in emerging markets and a solid outlook for the insurance industry in 2007. The Forum, which began in London on Dec. 5,...
RMS Report Predicts Increasing Flood Risk in New Orleans
Dec 5 2006 // Risk Management Solutions released a report on the future flood risk faced by the city of New Orleans due to hurricane storm surges, concluding the threat of flooding continues to increase due to a combination of...
Motor Vehicle Theft Declines in California
Nov 29 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
Calif. State Fund Files Average 9 Percent Premium Decrease
Nov 28 2006 // California’s State Compensation Insurance Fund is calling for a 9 percent average decrease in collectible premium its latest filing of workers’ compensation rates for 2007. The new rate will affect new and...
