Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
S&P Revises Outlook on Global Reinsurers to Stable; Teleconference Scheduled for Today
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
Declining Rates, Increasing Demand Fuel Stand-Alone Terrorism Market
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
Malaysia Embarks on 5-Year Plan to Liberalize Insurance Market
Apr 5 2006 // Malaysia to liberalize banking, insurance under five-year plan Received by Newsfinder from AP Mar 31, 2006 5:40 Eastern Time Malaysia will open its banking and insurance sectors to greater competition, including allowing...
EQECAT Warns on Increased Cat Risks, Models Need Updates
Apr 4 2006 // Rick Clinton, president of Oakland, Calif.-based EQECAT, Inc., a subsidiary of ABS Consulting, issued a stark warning to insurers, reinsurers, corporations, and government entities, urging them to be prepared for more...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
D&O liability premiums fall for second straight year, study says
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Survey Finds Private Companies Acting More Like Public Companies; At Increased Risk of a Liability Lawsuit
Mar 31 2006 // “Many private companies are planning activities that may increase their exposure to management liability risks,” said Lisa McGee, vice president, Chubb & Son, during the Inc. 500 Conference. According to...
Hannover Re 2005 Pretax Net Income Down 89.8% to $57.78 Million
Mar 27 2006 // Germany’s Hannover Re managed to eke out a small profit in 2005, despite over a billion dollars in hurricane losses, due to investment income. The company posted pretax profits of €48 million ($57.78 million) an...
Chubb Increases Limits on Law Firm Package Policy
Mar 27 2006 // The Chubb Group of Insurance Companies has enhanced its Customarq for Law Firms policy to included increased limits and key policy enhancements at no extra cost. Chubb has increased Customarq’s automatic blanket...
California Proposes Decrease in Workers Comp Pure Premium Rates
Mar 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of a 16.4 percent decrease in advisory pure premium rates to be effective July 1, 2006, on new and...
Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
Mar 23 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
SCOR 2005 Net up 75% to $158 Million
Mar 23 2006 // France’s SCOR Group announced positive results for 2005 with net income after tax increasing by 75 percent to €131 million ($158 million), compared to €75 million ($90.5 million) in 2004. Other earnings...
R&SA’s U.S. Operations Ratings Cut To ‘BB’; Outlook Negative
Mar 23 2006 // Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on Royal & Sun Alliance Insurance Group PLC’s U.S. insurance operations to...
Study: Lower Speed Limit for Trucks Increases Accidents
Mar 22 2006 // A new transportation study by University of Arkansas researchers reveals that different speed limits for cars and large trucks on rural, interstate highways lead to greater speed variation and a higher number of vehicles...
Best Affirms R&SA’s Ratings; Revises Outlook to Stable
Mar 21 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the U.K.’s Royal & Sun Alliance Insurance...
Independent Agents Grew Market Share by $12 Billion in 2004
Mar 20 2006 // In 2004, the property-casualty market grew to $457.68 billion in direct written premium, with the overall market increasing by $20.69 billion. During this time, the independent agency system amassed a nearly $12 billion...
