Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Clarendon Outlook Stable
Sep 20 2004 // Standard & Poor’s Ratings Services revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries—Clarendon America Insurance Co. and Redland Insurance Co.—to stable from negative. At...
Historic Richmond Facing Uncertain Future After Flooding
Sep 20 2004 // Shockoe Bottom’s 17.5 Ethos Cafe didn’t have flood insurance. With a 21-foot flood wall shielding the historic, low-lying area in Richmond, Va., from the nearby James River, part-owners of the cafe, Kathy...
Thermography: Claims Adjudication’s Science of the Future
Sep 20 2004 // Millions of dollars worth of building defect litigation is going on today, and water intrusion, which often causes mold to grow, is one of the major issues. Infrared (IR) thermography, the non-destructive diagnostic...
P/C INSURERS REPORT FIRST UNDERWRITING PROFIT SINCE 1997:
Sep 20 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
NAMIC Cites UIPI Emerging Markets Opportunity Study
Sep 20 2004 // The National Association of Mutual Insurance Companies has released new data compiled by the Urban Insurance Partners Institute (UIPI), which shows that urban and emerging markets offer tremendous opportunity for...
CAT Modelers: Ivan’s Estimated Losses Up to $10B
Sep 20 2004 // Initial estimated insured losses from Hurricane Ivan range from about $2 billion to about $10 billion, according to catastrophe modelers Eqecat, Inc. The estimated range of insured losses takes into account Category 3...
WASH. L&I PROPOSES SMALL INCREASE IN WORKERS’ COMP RATES IN 2005:
Sep 20 2004 // Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three...
Mich. Complaints Down 12% From 2002
Sep 17 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...
S&P Affirms Cincinnati Insurance and Subsidiaries, But Retains Negative Outlook
Sep 16 2004 // Standard & Poor’s Ratings Services affirmed its “AA-” counterparty credit and financial strength ratings on Cincinnati Insurance Co., Cincinnati Casualty Co. and Cincinnati Indemnity Co. (CIC). At...
Best Affirms Evergreen ‘A-‘ Rating; Outlook Positive
Sep 16 2004 // A.M. Best Co. announced that it has affirmed the “A-” (Excellent) financial strength rating of Bermuda-based Evergreen Reinsurance Company, Ltd. (ERCL), and has revised its outlook on the company to positive...
S&P Upgrades Nisshin Fire to ‘BBB’; Outlook Positive
Sep 16 2004 // Standard & Poor’s Ratings Services announced that it has raised its financial strength and long-term counterparty ratings on Japan’s Nisshin Fire & Marine Insurance Co. Ltd. to “BBB” from...
Oxley Supplies ‘Much-Needed Momentum’ for Terror Insurance Extension in Promising Bill by Sept. 29
Sep 16 2004 // In what the insurance industry reads as good news, the chairman of the House Financial Services Committee is preparing to send to the full committee a bill to extend the life of the Terrorism Risk Insurance Act (TRIA) for...
Washington L&I Sees Dramatic Increase in Recovery of Unpaid Work Comp Premiums
Sep 14 2004 // Three years after it launched an initiative to level the playing field among employers in the construction industry, the Department of Labor and Industries (L&I) has seen a dramatic increase in the amount of unpaid...
Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
Sep 14 2004 // According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the...
S&P Revises Outlook on Italy’s Generali to Stable; Affirms ‘AA’ Ratings
Sep 14 2004 // Standard & Poor’s Ratings Services announced that it has revised to stable from negative its outlook on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European insurance...
Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market
Sep 14 2004 // Guy Carpenter & Company, Inc., MMC’s reinsurance brokerage division, announced the release of its annual, comprehensive study of the property catastrophe reinsurance market, “The World Catastrophe...
Best Affirms Mutuelle Centrale de Reassurance ‘A-‘ Rating; Upgrades Outlook to “Stable”
Sep 13 2004 // A.M. Best Co. announced that it has affirmed the “A-” (Excellent) financial strength rating of France’s Mutuelle Centrale de Reassurance (MCR). It has also changed the outlook on the company from negative...
Fitch Affirms Imagine Insurance ‘A’ Ratings: Outlook Raised to Positive
Sep 13 2004 // Fitch Ratings announced that it has affirmed the “A” insurer financial strength rating of the Barbados/Bermuda-based Imagine Insurance Company Limited. The rating outlook has also been raised from stable to...
S&P Lowers Outlook on Swiss Re; Affirms ‘AA’ Rating
Sep 9 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on global reinsurer Swiss Reinsurance Co. and related entities of the Swiss Re group to negative from stable. At the same time,...
Wash. L&I Proposes Small Increase in Workers’ Comp Rates in 2005
Sep 9 2004 // Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three...
