Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Ups Willis Outlook to Positive; Affirms ‘BBB-‘ Rating
Dec 15 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Willis Group Holdings Ltd. to positive from stable and has affirmed its “BBB-” counterparty credit and senior unsecured...
Citizens Approves 45 Percent Coastal Rate Increase, 21 Percent Inland
Dec 15 2005 // The Citizens Property Insurance Corp. board of governors has decided to approve higher premium increases that average 45 percent on Florida’s coast and 21 percent inland. The state’s insurer of last resort had...
Allstate Survey Offers Advice on Keeping Retirement Resolutions
Dec 14 2005 // Thinking about what New Year’s Resolutions you should consider for 2006? Allstate Corporation has done some background work that could help you make as well as keep those resolutions. The Northbrook, Ill. based...
Pennsylvania Sets Up Farm Risk Management Program
Dec 13 2005 // Pennsylvania is setting up programs to help educate some 4,000 farmers about crop insurance and risk management issues. Agriculture Secretary Dennis Wolff announced that Pennsylvania won a $754,000 grant from the U.S....
Insurance Dept. Approved Miss. Homeowners Rate Increases Before Hurricane Katrina
Dec 12 2005 // Recent increased in homeowners insurance rates in south Mississippi can not be attributed to Hurricane Katrina, according to Insurance Department officials, who indicate that Allstate, USAA and the Southern Farm Bureau all...
Personal Lines 2006 Outlook Stable, S&P Report Says
Dec 12 2005 // In a report published Monday, Standard & Poor’s stated that it is retaining its stable outlook for the personal lines sector for 2006, despite the losses stemming from 2005’s aggressively violent hurricane...
ACUITY Plans Ariz. Growth in 2006
Dec 9 2005 // ACUITY, a property/casualty insurer based in Sheboygan, Wis., will begin writing business in Arizona in mid-2006. The addition is part of the company’s overall expansion plans. The company currently operates in 14...
Most Texas Employers to See Decrease in Unemployment Insurance Tax Rates
Dec 9 2005 // Citing an improved economy, the Texas Workforce Commission (TWC) said most Texas employers will see a decrease in their employer tax rate for calendar year 2006 compared to last year. Texas Unemployment Insurance (UI)...
Fitch Revises Aon’s Outlook to Stable
Dec 7 2005 // Fitch Ratings has revised Aon Corporation’s (Aon) Rating Outlook to Stable from Negative. Additionally, Fitch affirms Aon’s ‘BBB+’ long-term issuer rating and related senior debt ratings, as well as...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 5 2005 // Insurer Performance Ranks Well on Average, But Many Could Improve on Key Factors Ease of Doing Business (EDB) has been a bit like the weather–everybody talks about it, but doing something about it is another matter....
Eight Key Litigation Trends
Dec 5 2005 // Following are key findings in the 2005 Fulbright and Jaworski 2005 Litigation Trends Survey. 1) Litigation Dockets –Eighty-seven percent of American companies are engaged in some form of litigation in the United...
Los Angeles All Industry Day Highlights Education, Emerging Trends
Dec 5 2005 // Issues including low cost auto insurance, the changing environment of international insurance and successfully reducing injuries and workers’ compensation costs were among the topics discussed at the annual CPCU All...
NO WORKERS’ COMP PREMIUM INCREASES SCHEDULED IN WASHINGTON
Dec 5 2005 // Washington’s Department of Labor and Industries (L&I) has announced there will be no general increase in workers’ compensation premiums for 2006. In late August, the agency proposed a 3.8 percent increase....
COLO. COMP PREMIUM TO DECREASE
Dec 5 2005 // Beginning Jan. 1, 2006, the standard premium for workers’ compensation in Colorado will de-crease an average of 1 percent, as a result of an order signed by Colorado Insurance Commissioner David Rivera. Although...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
Citizens Board Agrees to Increase Florida Rates; OIR Approval Necessary
Dec 4 2005 // Home insurance rate increases as high as 31 percent for some properties, were approved Nov. 17 by the board of governors of Citizens Property Insurance Co., Florida’s insurer of last resort, and now have to go to the...
IIAT Survey Shows Improved Conditions in Texas Homeowners, Auto Markets
Dec 1 2005 // Independent insurance agents in Texas report improved homeowners insurance coverage and lower premium prices for both homeowners and auto insurance as the year comes to an end. A survey of more than 1,800 member agencies...
Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change
Dec 1 2005 // Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance...
FBI Forms Task Force to Hunt Down ‘Gate Cutters’ Jewelry Theft Ring
Dec 1 2005 // The FBI today has formed The Gate Cutters Jewelry Task Force to partner with local police and the gem industry in trying to catch a team that has burglarized more than 50 jewelry stores on the East Coast, often by cutting...
S&P Revises Outlook on ACE, Australia & NZ to Stable
Nov 30 2005 // In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit...
