Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Increase in Midwestern Insured Crop Acres Eases Drought Threat
Aug 22 2005 // Farmers in Midwestern states like Kansas have more than doubled the acres they insure and tripled their dollar amount of coverage since 1989, according to recent statistics. It’s a trend that could mitigate financial...
UF Study Shows Homes Built After 2002 Stood Up Better to Hurricanes
Aug 22 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...
Oilfield Safety a Concern as Energy Demands Rise
Aug 22 2005 // As worldwide oil consumption and demand spirals upward so to does the stress on U.S. oilfield workers to meet those demands, according to the American Society of Safety Engineers’ (ASSE) Permian Basin Chapter in...
Insurance Industry’s Share of Weather-Related Losses Rising, Researcher Says
Aug 22 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Zurich 1st Half Net up 21% to $1.799 Billion; Farmers Profit Up
Aug 18 2005 // Zurich Financial Services Group joined the parade of insurers reporting strong first half results. The Swiss-based Company, which also manages the Farmers Exchanges in the U.S., posted a net income of $1.799 billion, an...
Working Overtime Increases Risk of Workplace Injuries More Than Job Hazard, U.S. Study Finds
Aug 18 2005 // The long working hours culture drives up the risk of workplace injury and illness, reveals a study by occupational medicine researchers, who also conclude that the risk has nothing to do with how hazardous the job...
MHBT, Milliman USA to Present Results of Texas Employee Benefits Survey
Aug 18 2005 // Dallas-based McQueary Henry Bowles Troy L.L.P., in conjunction with the actuarial firm Milliman USA, is conducting its third annual survey of employer-sponsored health plans. The survey, one of the largest in Texas,...
State Farm Requests 8.6 Percent Statewide Rate Increase in Fla.
Aug 17 2005 // An 8.6 percent statewide increase and 37.9 to 39.7 percent increases in the coastal section of Miami-Dade County and inland sections of Broward County, Fla. have been requested by State Farm Insurance. The request cited...
CJAC Unveils Personal Injury Lawyer Campaign Spending Report for 2003-04
Aug 16 2005 // The Civil Justice Association of California (CJAC) reported recently that California personal injury and other plaintiffs’ lawyers contributed nearly $7.5 million to incumbent and candidate campaigns in the 2003-2004...
Oilfield Safety a Concern as Energy Demands Rise
Aug 15 2005 // The American Society of Safety Engineers’ (ASSE) Permian Basin Chapter in Midland, Texas, announced it is teaming up with local U.S. Occupational Safety and Health Administration officials and the Texas...
Kansas, Missouri Insurers Grew Profits in 2004
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
S&P Affirms Allianz (Australia/NZ) Ratings; Revises Outlook to Positive
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed the long-term “A” insurer financial strength and counterparty credit ratings on Allianz Australia and its affiliate Allianz New...
Aviva 1st Half Operating Profit up 21%; Sharman Replaces Gyllenhammar as Board Chairman
Aug 11 2005 // The U.K.’s largest insurer, Aviva Plc reported strong first half results with worldwide operating profit up 21 percent to 1.318 billion pounds ($2.38 billion), compared to 1.076 billion pounds ($1.94 billion) in the...
Hannover Re Q2 Net Up 6%; $284 Million for 1st Half
Aug 11 2005 // Hannover Re reported solid profits in the second quarter of 2005, earning 121.4 million euros ($150.6 million), a 6 percent gain, compared to the 114.6 million euros ($142.2 million) earned in the same period of 2004. The...
NASI Report Tracks Mich., Ohio Workers’ Comp Payments for 2003
Aug 11 2005 // Michigan’s total workers’ compensation payments for injured workers’ cash benefits and medical care fell by 2.4 percent to $1,477 million in 2003, according to a report released today by the National...
CPCU September Meeting: Bob Ricker to Discuss Citizens Future
Aug 11 2005 // Bob Ricker, president of Citizens Property Insurance Corp. will be the featured speakers during the Sept. 12 meeting of the Florida Suncoast Chapter of the Chartered Property Casualty Underwriters Society. Carol Everhart,...
Zenith National, Units Outlook Revised to Postivie; Ratings Affirmed
Aug 11 2005 // Standard & Poor’s Ratings Services has affirmed its ‘BB+’ counterparty credit rating and ‘B+’ preferred stock rating on Zenith National Insurance Corp. (Zenith). Standard &...
Insurance Industry Share of Weather-Related Losses Rising, with 60% Tied to Small Events
Aug 11 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
S&P Affirms Fairfax Ratings; Outlook Raised to Positive
Aug 10 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” counterparty credit and financial strength ratings on Fairfax Financial Holdings Ltd.’s (FFH) ongoing operating...
CAS Attendees Hear of Positive Trends in California Workers’ Comp
Aug 8 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 (CAS)...
