Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Revises Outlook on British Marine to Positive; Affirms ‘A-‘ Rating
Jul 6 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Luxembourg-based insurer British Marine Luxembourg S.A. (BM) to positive from stable. S&P also affirmed its ‘A-‘...
ISO: Insurers’ $920M CAT Losses is Lowest for Q2 in a Decade
Jul 6 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $920 million for second-quarter insured property losses from four catastrophes in 25 states — the lowest tally among second...
Nev. Doctors’ Insurance Provider Gets Rate Increase
Jul 6 2005 // A nonprofit company created during Nevada’s medical malpractice crisis in 2002 to provide insurance for doctors will be able to increase its rates by an average of nearly 15 percent. State Insurance Commissioner...
A.M. Best Affirms ‘B++’ for Trustmark; Outlook Negative
Jul 5 2005 // A.M. Best Co. has affirmed the financial strength ratings of “B++” (very good) and assigned issuer credit ratings of “bbb” to both Lake Forest, Ill.-based Trustmark Insurance Co. and Trustmark Life...
AUTO THEFTS DOWN 2% FOR 2ND STRAIGHT YEAR:
Jul 4 2005 // Auto thefts in Ohio appear to have declined more than 2 percent for the second consecutive year, according to estimates released by the Ohio Insurance Institute. Based on auto theft survey results of 17 major Ohio city...
Survey Says Insurance Cost Increases Slow
Jul 4 2005 // Kibble & Prentice announced the results of its annual employee benefits survey. With nearly 250 Washington state companies reporting, the results showed two surprising trends: The rate of increase of health plan costs...
CAS Attendees Hear of Positive Trends from Calif. Workers’ Comp Reforms
Jul 4 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society Spring...
Survey Says Insurance Cost Increases Slow
Jul 4 2005 // Kibble & Prentice recently announced the results of its annual employee benefits survey. With nearly 250 Washington state companies reporting, the results showed two surprising trends: The rate of increase of health...
AUTO RESIDUAL MARKET RATES UP 3.8%:
Jul 4 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...
Erie Insurance Requests 2.4 Percent Rate Decrease in W.V.
Jul 1 2005 // The West Virginia Insurance Commission has received a new private passenger automobile rate filing from Erie Insurance Property and Casualty Company. Erie is requesting approval for a 2.4 percent rate decrease for its...
Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
Jun 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s...
UF Study Shows Fla. Homes Built After 2002 Sustained Less Damage in Hurricane Winds
Jun 29 2005 // Homes built under the Florida Building Code that became effective in 2002 sustained less damage on average than those built between 1994 and 2001 under the Standard Building Code according to a University of Florida study...
Aspen Forecasts Specialty Lines 2005 Premium Growth
Jun 29 2005 // Bermuda-based Aspen Insurance Holdings Limited announced that it is updating its guidance relating to annual growth in its gross written premiums for 2005. The company now expects growth between 20 and 25 percent higher...
A.M. Best Assigns FSR to Markel Corp; Outlook Stable
Jun 29 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and has assigned issuer credit ratings (ICR) of “a” to the Markel North America Insurance Group (Markel) and its...
S&P Reports on Increased Cat Loss Potential, Modeling
Jun 28 2005 // Standard & Poor’s Ratings Services has issued a new report – “Reinsurance Criteria: Larger Losses And Better Modeling Prompt Changes To Property Catastrophe Criteria-” that examines the upsurge...
Mich. Auto Rates Up 4% in 2004
Jun 28 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
Tillinghast to Launch Commercial Lines Survey w/ Webcast on July 6
Jun 24 2005 // The Tillinghast unit of consultants Towers Perrin has announced plans to launch its Commercial Lines Insurance Price Monitoring Survey (CLIPS). Tillinghast said it had “initiated the survey to meet the insurance...
Best Affirms Imagine Ratings; Assigns Negative Outlook
Jun 23 2005 // 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 Barbados-based Imagine Insurance Company Limited. Best...
Report: U.S. Reinsurance Market Posts 105.5% Combined Ratio in 2004
Jun 23 2005 // Forty reinsurance companies reported net written premiums of $30.1 billion for 2004, showing a combined ratio of 105.5 percent in the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2004...
Kibble & Prentice Survey Shows Insurance Cost Increases Slow
Jun 23 2005 // Seattle-based Kibble & Prentice announced the results of its annual employee benefits survey. With nearly 250 Washington state companies reporting, the results showed two surprising trends: the rate of increase of...
