Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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’...
Calif. State Fund Files an Average 14% Rate Decrease
Jun 1 2005 // State Compensation Insurance Fund has filed an average collectible rate decrease of 14 percent on new and renewal workers’ compensation policies with an effective date on or after July 1, 2005. The filing includes a...
S&P Revises Outlook on Norway’s Bluewater to Positive
May 31 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook to positive from negative on Norwegian marine insurer Bluewater Insurance ASA, based on an improved view of the company’s...
JLT Forms U.S. Unit for Emerging Market Risks
May 30 2005 // The Houston office of international insurance broker Jardine Lloyd Thompson LLC announced that it has created a new division to meet the needs of U.S.-domiciled clients engaged in business in the world’s emerging...
Leaders Come Together to Discuss Future of Terrorism Insurance June 20
May 30 2005 // Leaders from the public and private sectors from throughout the nation will take part in the National Symposium on the Future of Terrorism Risk Insurance on the campus of the University of Southern California on June 20,...
Best Affirms HSBC Insurance/Asia Ratings; Outlook Listed as Stable
May 27 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The rating reflects HSBC...
W. Va. Approves Erie Insurance’s 3.1 Percent Rate Decrease
May 27 2005 // A request by the Erie Insurance Group for a 3.1 percent decrease in its private passenger automobile insurance rates has been approved by the West Virginia Insurance Commission. The new rates go into effect August 1. The...
S&P Raises Euler Hermes Ratings to ‘AA-‘ w/ Negative Outlook
May 27 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on the Core operating subsidiaries of the French credit insurance group...
R&M Report on U.K. Employer’s Liability Market Sees Slower Growth
May 25 2005 // Dublin-based Research and Markets has announced the addition of UK Commercial Liability Insurance 2005 to their offering, which it describes as “a market based report looking in-depth at the three key liability...
W. Va. OKs Decreases in Westfield Insurance’s Auto, Homeowner Rates
May 25 2005 // A request by the Westfield Insurance Company for a 7.7 percent decrease in private passenger automobile rates, and a 6 percent decrease in homeowners rates, has been approved by the West Virginia Insurance Commission. The...
S&P Affirms Zurich’s ‘A+’ Rating; Off CreditWatch; Outlook Negative
May 24 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its ratings on the various operating entities of Swiss-based composite insurance group Zurich Financial Services (collectively ZFS), including...
S&P Revises NZ’s Simply Insurance Outlook to “Developing”
May 24 2005 // Standard & Poor’s Ratings Services Melbourne office announced that it has revised its rating outlook on Simply Insurance New Zealand Ltd. to developing from stable. The rating remains at...
Survey: Consumerism Gaining Foothold in Group Benefits for Mich. Mid-Market
May 24 2005 // Troy, Mich.-based benefits broker McGraw Wentworth released the results of its 2005 Southeast Michigan mid-market group benefits survey. The survey compares benefit plans and trends among 465 mid-sized organizations in...
S&P Report: Negative Outlook on Swiss Insurance Market Continues
May 24 2005 // Standard & Poor’s Ratings Services said in a recently published report that it has maintained its negative outlook on the Swiss insurance sector for both property/casualty and life. The report, “Swiss...
Survey: Half of Florida’s Homeowners Ready for Hurricane Season
May 24 2005 // More than half of Florida homeowners participating in a recent statewide survey have taken action to protect their homes from hurricanes. An even larger number recognizes the importance of the state’s building codes...
PEMCO’s Northwest Insurance Poll Notes Trends in Cell Phone Usage
May 23 2005 // According to PEMCO’s 2005 Northwest Insurance Poll, four out of five Washington drivers believe that talking on cell phones while driving should be legal only with hands-free devices, or made illegal altogether, but...
W. Va. Approves 10 Percent Decrease in State Farm Auto Policy Rates
May 23 2005 // A State Farm Insurance request for a 10 percent decrease for private passenger automobile insurance customers has been approved by the West Virginia Insurance Commission. The request was submitted last month Gov. Joe...
Experts Forecast Above-Normal Hurricane Activity Again This Season
May 23 2005 // The East and Gulf coasts can expect another hurricane season that’s worse than average, according to the head of the National Oceanic and Atmospheric Administration. The Atlantic will have 12 to 15 tropical storms,...
Sarbanes Oxley Drives Up Large Companies’ Audit Costs by $1.4 Billion
May 23 2005 // Fortune 1000 companies’ auditing costs have increased by $1.4 billion collectively so far, and much of this increase is in response to the corporate governance act known as Sarbanes-Oxley, according to University of...
Experts Forecast Above-Normal Hurricane Activity Again This Season
May 23 2005 // The East and Gulf coasts can expect another hurricane season that’s worse than average, according to the head of the National Oceanic and Atmospheric Administration. The Atlantic will have 12 to 15 tropical storms,...
