Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Advocate, MD Insurance of the Southwest Enters Texas Malpractice Insurance Market
Sep 8 2004 // Announcing its entrance into the Texas malpractice insurance market, Advocate, MD Insurance of the Southwest said its improved coverage options and excellent rates are proof that tort reform efforts ushered in last year...
ILL. HOMEOWNERS COMPLAINTS UP 16%:
Sep 6 2004 // While Illinois consumers filed fewer complaints overall about their insurance companies and HMOs in 2003, complaints regarding homeowners insurers were up for the second consecutive year, according to statistics released...
NEW MEXICO’S MED-MAL RATES UP 9.8 PERCENT:
Sep 6 2004 // The Associated Press reported New Mexico medical malpractice insurance premiums have increased an average 9.8 percent this year, according to R. Kevin Clinton, president of American Physicians Capital Inc. Last year, rates...
YUMA HOMEOWNERS INSURANCE RATES COULD GO UP:
Sep 6 2004 // Insurance Services Office has lowered its rating on Yuma, Ariz.’s family home building codes, a move that could result in higher homeowners rates, according to the Associated Press. Yuma received a grade six grades...
S&P Raises Outlook, Affirms ratings on Tokio Marine’s Dublin Reinsurer TMGRe
Sep 3 2004 // Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and...
S&P Affirms Tokio Millennium Re ‘AA-‘ Rating, Upgrades Outlook on Guarantee by Parent
Sep 3 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Tokio Millennium Re Ltd. (TMRe) to stable from negative, and affirmed its “AA-” financial strength rating, based on a...
Survey Finds Personal Finance Concerns Outweigh Fears of Terrorism; Mistrust of Insurers
Sep 2 2004 // Euro RSCG Worldwide, a leading integrated marketing communications agency, has released the results of an online survey of more than 13,000 respondents in six countries, which found that more people consistently fret about...
Double-Digit Health Cost Increases Continue in N.Y.
Sep 1 2004 // For the fourth year in a row, a significant majority of employers in New York State were hit with double-digit increases in health-insurance premiums this year, and employers continue the struggle to minimize the damage...
New Report on U.K. Insurance Market Issued
Aug 31 2004 // Dublin-based consulting firm Research and Markets (http://www.researchandmarkets.com) announced the addition of a new “Insurance Companies Market Report 2004,” which provides an analysis of U.K. insurance...
Weiss: P/C Insurers Report First Underwriting Profit Since 1997
Aug 31 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...
Zurich’s Emerging Markets Unit Adds Marketing Manager in Hong Kong
Aug 27 2004 // Zurich announced that Susan Yee has joined its business unit providing insurance and risk management solutions in emerging markets as marketing manager in Hong Kong. She will be responsible for marketing and underwriting...
SCOR Posts 38.7 Percent 1st Half Net Income Increase to $70 Million
Aug 26 2004 // France’s SCOR Group didn’t do quite as well as Swiss Re, but it’s come a long way from the dark days of 2001. The reinsurer’s “Back on Track” restructuring plan and the recently approved...
S&P Revises Clarendon Outlook to Stable
Aug 26 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries — Clarendon America Insurance Co. and Redland Insurance Co....
Ill. Homeowners Complaints Up 2nd Year in Row
Aug 26 2004 // While Illinois consumers filed fewer complaints about their insurance companies and HMOs in 2003, complaints regarding homeowners insurers were up for the second consecutive year, according to statistics released by the...
Yuma Homeowners Insurance Rates Could Go Up
Aug 25 2004 // A national insurance organization has lowered its rating on Yuma, Arizona’s family home building codes, a move that could result in higher home insurance rates here. The Insurance Services Office reviewed the codes...
Fla. Tree Service Owner Cut Down on Fraud Charges
Aug 25 2004 // Florida Attorney General Charlie Crist announced price gouging charges against a Jacksonville man accused of charging 10 times the going rate to cut trees felled by Hurricane Charley in Volusia County. The Attorney...
