Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
WFG Capital Advisors: Agency Consolidation Gaining Momentum; Outlook Remains Cloudy
Oct 19 2004 // WFG Capital Advisors, an investment banking firm specializing in the insurance industry, announced on Tuesday that agency consolidation will likely achieve record results for 2004 but the outlook for 2005 remains...
Survey Says Nearly 8 in 10 Calif. Homeowners in Fire Danger Areas Think Wildfire Losses ‘Unlikely’
Oct 14 2004 // Seventy-eight percent of California homeowners living in identified fire danger areas believe that it is “somewhat” or “very” unlikely their home will be damaged or destroyed by a wildfire,...
Pa. Hospitals Say New Liability Survey Backs Need for Medical Reforms
Oct 14 2004 // The Hospital & Healthsystem Association of Pennsylvania (HAP) issued the following statement from President and CEO Carolyn Scanlan in response to Pennsylvania-specific medical liability reform polling data released...
Ontario Auto Insurers Make the Grade in Claim Satisfaction According to FSCO Survey
Oct 13 2004 // Auto insurers in Ontario, Canada have once again been given a top grade by customers making a claim. The annual Auto Claims Satisfaction Survey, issued by the Financial Services Commission of Ontario (FSCO), shows that 84...
WCIRB RECOMMENDS 3.5 PERCENT INCREASE IN RATES:
Oct 11 2004 // At a Department of Insurance rate hearing in San Francisco on Sept. 15, the Workers’ Compensation Insurance Rating Bureau recommended that insurers raise workers’ comp rates by 3.5 percent in January 2005....
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
30th Annual NAPSLO Conference: Acquisitions, Consolidations, Objectives, Trends Highlighted
Oct 11 2004 // Agency consolidations, consolidators’ objectives and a broad range of other trends and developments were highlighted by Steven S. Wevodau and Robert J. Lieblein, both with WFG Capital Advisors LP, during the National...
MICH. COMPLAINTS DOWN 12%:
Oct 11 2004 // Virtually every line of insurance coverage saw reductions in the number of complaints to the Michigan agency which regulates the industry. The Michigan Office of Financial and Insurance Services received 5,816 complaints...
30th Annual NAPSLO Conference: Acquisitions, Consolidations, Objectives, Trends Highlighted
Oct 11 2004 // Agency consolidations, consolidator’s objectives and a broad range of other trends and developments were highlighted by Steven S. Wevodau and Robert J. Lieblein, both with WFG Capital Advisors LP, during the National...
Big ‘I’ Applauds Countersignature Trends
Oct 5 2004 // The Independent Insurance Agents & Brokers of America (The Big “I”) is applauding continuing efforts by state policymakers and federal courts to eliminate countersignature laws. The Big “I” has...
Emerging Markets Executives Share Success Strategies
Oct 3 2004 // While emerging markets are gaining national attention as the new frontier of financial services marketing, they pose special challenges to corporate managers, according to the Urban Insurance Partners Institute (UIPI), a...
S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
PIA Survey Shows Strong Support for State Regulation
Oct 1 2004 // Members of the National Association of Professional Insurance Agents (PIA) strongly support state regulation of insurance and strongly oppose any effort to move to a federal regulatory system. The results of a survey of...
New Report from Fitch Examines Reinsurance Recoverable Credit Trends
Sep 30 2004 // Fitch Ratings announced publication of a special report titled: “Reinsurance Credit Trends: An Update,” that examines industry-wide reinsurance-related data of property/casualty (re)insurers based in the...
No 2005 Work Comp Increase for Oregon
Sep 30 2004 // Oregon workers’ compensation insurance rates will not increase in 2005, Gov. Ted Kulongoski said September 28. The announcement marks the third straight year without an increase following 12 consecutive years of rate...
KPMG Survey Says Executives Less Optimistic On Premium Growth, Industry’s Ability to Grow Margins
Sep 29 2004 // Even before the full impact of the recent hurricane activity is known, the majority of the 150 senior insurance executives surveyed are less optimistic about premium growth and the industry’s ability to increase...
S&P Affirms Odyssey Re’s Operating Subs ‘A-‘ Ratings, Stable Outlook
Sep 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey Re Holdings Corp.’s (ORH) operating subsidiaries:...
Converium Comments on Capital Increase, Market Strategy and Options
Sep 23 2004 // Converium, the troubled Swiss-based reinsurer, has released a bulletin commenting on its plans and possible strategies in advance of an extraordinary general meeting (EGM), to be held on September 28, 2004. Shareholders...
Survey: Increased Stand-Alone A-Side D&O Purchasing
Sep 23 2004 // A recent survey of directors and officers (D&O) insurance buying trends at Fortune 1000 companies shows an increased emphasis on liability insurance designed specifically to protect executives’ personal assets....
S&P Affirms Co-operators General ‘BBB-‘ Rating; Outlook Raised to Positive
Sep 22 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Guelph, Ontario-based Co-operators General Insurance Co. (CGIC) to positive from stable, and has affirmed its long-term...
