Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Hanover Insurance Group Rates Positive Outlook, Say S&P
Jun 1 2006 // Standard & Poor’s Ratings Services has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable. At the same time, Standard & Poor’s affirmed...
Safeco Insurance Intercompany Ratings Affirmed, Outlook Positive
Jun 1 2006 // Standard & Poor’s Ratings Services said today it affirmed its “A+” counterparty credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Aon Corp. Responds to U.S. Treasury’s Request for Comment on Future of Terrorism Act
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
Allianz Australia Joining Global Transport to Increase Sector Growth
May 31 2006 // Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service...
Texas Windstorm Association to Increase Rates
May 30 2006 // Texas Insurance Commissioner Mike Geeslin on May 26 signed a Commissioner’s Order allowing the Texas Windstorm Insurance Association (TWIA) to increase rates for residential homeowners’ wind coverage by 3.1...
White Paper Voices Concern About Property Insurance Market’s Status
May 26 2006 // The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire...
S&P Affirms PartnerRe Ratings; Revises Outlook to Negative
May 25 2006 // Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength...
Survey: Risk Managers Report Cost of Risk Down in 2005
May 25 2006 // The commercial insurance industry remained a buyers’ market in 2005, and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society...
Dale Sets Public Hearing on Proposed Miss. Windpool Rate Increase
May 25 2006 // Insurance Commissioner George Dale has scheduled for June 5 a public hearing in Jackson, Miss. on a proposed rate increase by the Mississippi Windstorm Underwriting Association, which provides coverage for high-risk homes...
Maryland Workers Comp Costs Rising But Average Claim Typical
May 24 2006 // Workers’ compensation costs per claim in Maryland grew very rapidly in the most recent year studied, according to a new study by the Workers Compensation Research Institute (WCRI). A major factor driving these costs...
Millions of Renters Lack Insurance, Says Agents’ Survey
May 24 2006 // Almost 25 million U.S. families renting their homes are going bare on insurance coverage, leaving themselves vulnerable to serious property and liability losses. Many renters without coverage own valuable, high-tech...
Arkansas Working up Weight-Loss Programs for State Workers
May 23 2006 // Arkansas is developing a weight-loss program to offer state employees similar to the regimen that helped Gov. Mike Huckabee lose more than 100 pounds. The governor, who has made diet and exercise his mantra, said the...
AIA’s Snyder Tells London Audience GATS Outlook ‘Very Dark’
May 23 2006 // “It’s very dark right now,” said David F. Snyder, the American Insurance Association’s Vice President and Assistant General Counsel. He wasn’t speaking about the weather. He was referring to...
Florida OKs Citizens Rate Increase of 16 Percent on Average
May 22 2006 // Florida residents whose homes are insured by Citizens Property Insurance will see their premiums go up by about 16 percent on average this year, although for some coastal residents the increase will be much higher. State...
POST SPITZER, MERGER ACTIVITY PICKING UP, SAYS MYSTIC CAPITAL
May 22 2006 // Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue,...
West leads nation in car theft; Auto theft declines for second straight year
May 22 2006 // Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10 areas with the...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Americans increasingly traveling overseas for cheaper surgeries
May 22 2006 // Americans looking to save money on medical procedures are increasingly traveling overseas for surgeries not covered by their insurance to avoid costly hospital stays in the U.S. The trend is being driven by rising health...
West leads nation in car theft; Auto theft declines for second straight year
May 22 2006 // News Currents Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10...
SURVEY REVEALS ‘TOP 10 PET PEEVES OF THE ROAD’
May 22 2006 // With more than 30 million Americans expected to hit the road this Memorial Day weekend, the Traverse City, Mich.-based Hagerty Collector Network surveyed thousands of members nationwide to uncover America’s...
