Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
ACE Cites Increased Risks in Outsourcing IT Systems
Jan 9 2006 // ACE European Group Limited has issued a warning to organizations who outsource their IT systems, which indicates they “are increasing their potential vulnerability to security breaches causing possible long term...
‘EuroTempest’ Introduced to Forecast Potential Windstorm Damage
Jan 6 2006 // A team in the U.K. has produced a new wind damage prediction tool called EuroTempest, designed to provide local damage forecasts for European windstorms. An announcement on the Lloyd’s Website (www.lloyds.com) notes...
R&M Study of Irish Insurance Market
Jan 6 2006 // Research and Markets has announced the addition of Ireland Insurance 2005 to their offering. “Our Ireland Insurance 2005 report provides 2004 year-end market data, with 2005 estimates and five-year forecasts,”...
EGI Financial Motors Into Ontario Motorcycle Insurance Market
Jan 6 2006 // Toronto-based EGI Financial Holdings Inc. reported that its wholly-owned subsidiary, Echelon General Insurance Company, is entering the Ontario motorcycle insurance market with a $5 million brokerage agreement with Riders...
Lloyd’s Survey Confirms Small Business Confidence in Brokers
Jan 5 2006 // A survey, commissioned by the General Insurance Market Association (GIMRA), which queried 500 small and medium-sized businesses (SME’s), has determined that they continue to have confidence in traditional insurance...
Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Minimum Car Insurance Requirements, Cost to Miss. Motorists to Increase
Jan 3 2006 // Thousands of Mississippi motorists will see a higher bill when they renew their automobile insurance in 2006. A new law that took effect Jan. 1 doubles the minimum amount of liability insurance Mississippi drivers must...
Virginia OKs Workers’ Comp Rate Changes, Up and Down
Jan 3 2006 // Virginia officials have approved changes that will increase overall workers’ compensation premium levels in the voluntary market for the industrial and federal (F) classes while decreasing premiums levels for coal...
Agents, Brokers, Carriers: Insurance Outlook Good for 2006
Jan 2 2006 // With the insurance industry surviving a year filled with catastrophe losses and the challenge of reauthorizing the terrorism reinsurance backstop legislation, the prospects still seem bright for 2006 according to agents,...
Two Companies Request Rate Increases in Fla.
Jan 2 2006 // Liberty Mutual and Federated National insurance companies have asked Florida regulators for double-digit rate increases. Liberty Mutual Insurance Co. wants to raise rates by a statewide average of 25 percent, and Federated...
Sizing Up The Construction Market
Jan 2 2006 // The list of insurers is hsorter and restrictions longer When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He...
Table-top TVs, Web access and other trends
Jan 2 2006 // The National Restaurant Association forecasts the following trends: Restaurants as homes away from home. With growing demand from plugged-in Americans accustomed to operating in a 24/7 society, look for restaurants to...
Table-top TVs, Web access and other trends
Jan 1 2006 // The National Restaurant Association forecasts the following trends: • Restaurants as homes away from home. With growing demand from plugged-in Americans accustomed to operating in a 24/7 society, look for restaurants...
2006 construction forecast: sunny
Jan 1 2006 // Construction executives overall are more cautious than in the recent past two years but still generally optimistic about 2006. Builders in Arkansas, Louisiana, Oklahoma and Texas are the most optimistic while those in New...
Munich Re to Raise Dividend by 55% Despite Increases in 2005 Cat Losses
Dec 29 2005 // In a year that will go down as the costliest ever for the insurance industry, it seems paradoxical that Munich Re, the world’s largest reinsurer – at least until Swiss Re completes its takeover of GE Insurance...
Take Insurance Journal’s Agency Automation Survey
Dec 29 2005 // Insurance Journal is working with Kinetic Information LLC to study how independent insurance agents and brokers are approaching agency automation. The results will appear as an exclusive article in Insurance Journal early...
Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report
Dec 28 2005 // Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report,...
Best Affirms Quanta Group’s ‘A-‘ Ratings; Outlook Negative
Dec 27 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its...
S&P Affirms OIL’s ‘A-‘ Rating, Off CreditWatch; Outlook Stable
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on petroleum industry mutual insurer Oil Insurance Ltd. (OIL) and removed...
