Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Maintains Negative Outlook on U.S. and Bermuda Re Sectors
Feb 16 2006 // A.M. Best Co. announced that after completing an assessment of the U.S. and Bermuda reinsurance markets, it is extending its negative outlook for 2006. Best said it “anticipates that there will be few if any rating...
Survey Says Men and Women Differ on Bad Weather Driving Expertise
Feb 16 2006 // Men and women don’t see eye to eye when it comes to rating the driving skills of their significant others, according to a Chrysler Group “Bad Weather Driving” survey that polled more than 1,000 adults and...
Munich Re January Reinsurance Treaty Renewals Show Rate Increases
Feb 15 2006 // Munich Re followed Swiss Re’s announcement yesterday (See IJ Web site Feb. 14) with its own upbeat report on the January reinsurance treaty renewal season. The world’s largest reinsurer said that as of Jan. 1...
Happy Valentine’s Day Survey for U.K.’s Over 50’s
Feb 14 2006 // A recent study by RIAS, a U.K. carrier that specializes in providing insurance products for the over 50s age group, shows that love at first sight isn’t confined to teenagers and 20-somethings.The survey found that...
Hearings Slated in Orlando, Fla. on American Strategic’s Rate Increases
Feb 13 2006 // The Florida Office of Insurance Regulation will conduct public hearings Monday in Orlando, Fla. concerning rate filings by American Strategic Insurance Corporation/ASI Assurance Corporation. American Strategic is proposing...
N.Y. Sets Agenda for Public Hearing on Homeowners Insurance Market
Feb 13 2006 // New York Superintendent of Insurance Howard Mills released the agenda for a public hearing on the state’s current homeowners’ insurance marketplace that is scheduled for Monday, Feb. 27. The public hearing will...
Europe Seeks Strategies to Cope with Rising Costs from Aging Population
Feb 13 2006 // Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken...
GE Insurance Solutions: Legal Reform Momentum Continues
Feb 10 2006 // Victories and defeats in the courtroom can impact the nation’s economy, with potential consequences for decades to come. GE Insurance Solutions has been tracking and shaping efforts to level the litigation playing...
Past, Present and Future Hurricane Issues Top Feb. 8-11 Windstorm Conference Agenda
Feb 8 2006 // Past, present and future hurricane issues, how to prepare for the 2006 hurricane season and what to expect will be discussed during the Feb. 8 to 11 Seventh Annual Windstorm Insurance Conference and Exhibit kicking off...
Outlook Good For U.S. Workers’ Comp; State Reforms, Strong Results Factors
Feb 8 2006 // The outlook for the U.S. workers’ compensation sector in 2006 is good, with the ratings impact for insurers expected to be neutral on the whole, according to a report released by Standard & Poor’s Ratings...
Kingsway Grows Net Income by 24% for 2005; Dividend Increases 25%
Feb 8 2006 // Canada-based Kingsway Financial Services Inc. reported financial results for the fourth quarter and year ended Dec. 31, 2005 (Cdn dollars except where indicated). Net income for the quarter increased 16% to $42.1 million...
Willis Q4 Reported Revenues Down in 2005 Compared to Prior Year
Feb 8 2006 // Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2005. Separately, the Board of Directors approved a 9 percent increase in the regular quarterly cash dividend on the company’s...
Eastbridge: Voluntary Insurance Organizations Expect Growth in 2006
Feb 7 2006 // Insurance carriers and brokers expect to see a growth in the number of new groups that they acquire in 2006 as compared to the number for 2005. An overwhelming 91 percent expect the number to increase in 2006, with 43...
Best Affirms FSR for Lloyd’s Syndicate 958; Outlook Remains Stable
Feb 7 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 (United Kingdom). The outlook for both ratings remains...
Iowa Survey Finds Wellness Programs Major Issue for Most Workers
Feb 6 2006 // A new survey by an Iowa-based company, suggests that workers value “wellness” programs by employers as a necessary tool for the entire health insurance realm. Most employees, according to the survey, rate...
CAS Ratemaking Seminar March 13-14; TRIA’s Future Among Topics
Feb 6 2006 // The future of the Terrorism Risk Insurance Act and applications in predictive modeling will be among topics addressed at the annual Ratemaking Seminar of the Casualty Actuarial Society (CAS), March 13-14, at the Marriott...
Fitch: stable outlook for broker industry in 2006
Feb 6 2006 // New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005 because of litigation connected to New York Attorney General Eliot...
Ohio insurance department says malpractice premiums going down
Feb 6 2006 // The Ohio Department of Insurance recently said that years of escalating premiums for medical malpractice insurance for the state’s doctors may be coming to an end. For the first time in six years, an insurer is...
D&O EXCESS LIMITS UP BUT PREMIUMS DOWN
Feb 6 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
