Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
COMP RATES TO RISE 2%
Jun 20 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
AUTO, HOMEOWNER RATE DECREASES OK’D
Jun 20 2005 // Three insurance companies have been granted rate decreases by the West Virginia Insurance Comm-ission, including: Erie Insurance Co., 3.1 percent decrease in private passenger auto insurance, goes into effect Aug. 1; State...
FAIA President Says: In Our Future Some Things Will Never Change
Jun 20 2005 // Created more than a century ago in 1904 as the Florida Local Underwriters Association, the Florida Association of Insurance Agents adopted its present name in 1941. FAIA is dedicated to enhancing the independent agency...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Best Upgrades Bahrain’s Trust International Ratings; Outlook Stable
Jun 16 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating to “B++” (Very Good) from “B+” (Very Good) and the issuer credit rating to “bbb” from “bbb-” of...
S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating
Jun 16 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.’s “AAA” financial strength and financial enhancement ratings to negative from...
3.8% Auto Residual Market Rate Increase in Effect in Virginia
Jun 15 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
WCIRB Releases Report On Losses and Expenses For Calendar Year 2004
Jun 13 2005 // California’s Workers’ Compensation Insurance Rating Bureau has released its report on workers’ compensation losses and expenses for 2004. The report is prepared annually pursuant to Section 11759.1 of the...
N.D. Comp Rates to Rise 2%
Jun 10 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
S&P Mid-Year 2005 Report on Outlook for U.S. Reinsurers – Sector Stable, “But Only Because Of Parental Support”
Jun 8 2005 // Standard & Poor’s Ratings Services has issued its assessment on the U.S. reinsurance sector, which concludes that it remains stable, even though there have been declines in pricing. S&P notes: “The...
Argonaut Group Ratings Raised; Outlook Stable
Jun 7 2005 // Standard & Poor’s Ratings Services announced it raised its counterparty credit rating on San Antonio-based Argonaut Group Inc. to “BBB-” from “BB+.” At the same time, S&P raised its...
WORKERS COMP RATES UP 3%:
Jun 6 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
Killer Tsunamis and the Marine Insurance Market
Jun 6 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
Best Affirms Ratings of New Zealand’s Tower Insurance; Outlook Stable
Jun 2 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of new Zealand’s Tower Insurance Limited and the issuer credit rating (ICR) of “bbb-” of Tower...
S&P Lowers Ratings of Austrian Insurer UV to ‘A-‘; Outlook Stable
Jun 2 2005 // Standard & Poor’s Ratings Services announced that it has lowered to “A-” from “A” its counterparty credit and insurer financial strength ratings on UNIQA Versicherungen AG (UV) as well as...
Some Insurers Decreasing Homeowners Rates in Texas
Jun 2 2005 // One in six Texas homeowners could see reduced insurance rates this year, the Associated Press and Houston Chronicle reported. Several small insurance companies have filed their rate changes for 2005 indicating rate...
S&P: Personal Lines Sector Outlook Stable Despite Market Softening
Jun 2 2005 // After experiencing its worst catastrophe losses ever (about $27 billion) in 2004, the U.S. personal lines insurance sector is showing signs of entering into a softer cycle than the hard one that has dominated the industry...
AIA Comments on Calif. Workers’ Comp Rate Decrease; Bill to Regulate Rates
Jun 2 2005 // A day after the California Senate gave the go-ahead for a bill to regulate workers’ compensation rates, Insurance Commissioner John Garamendi (D) has recommended that insurers base premiums on a decreased pure...
Garamendi Calls for 18% Decrease in Work Comp Pure Premium Rate
Jun 1 2005 // California Insurance Commissioner John Garamendi called for an 18 percent decrease in workers’ compensation pure premium rates and issued the following statement on June 1: “The historic workers’...
