Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
IIABNY Survey Finds Most Northeast In-Home Businesses Vulnerable
Mar 1 2004 // A survey, conducted by the Independent Insurance Agents & Brokers of New York Inc, found that “tens of thousands of home-based businesses in New York and eight other Northeast states are needlessly at risk...
Farmers Cuts N.D. Homeowners Rates Up to 15%
Feb 26 2004 // Captive agency carrier the Farmers Insurance Group of Cos. announced the introduction of the new home/life discount for its North Dakota homeowners customers. Customers who have both a life insurance policy and a...
Survey Reports Organizations at Risk, Unprepared to Secure Networked and Distributed Stored Data
Feb 26 2004 // The Emmes Group (www.emmesgroup.com), a strategy consulting and market research organization, and NeoScale Systems Inc. (www.neoscale.com), a provider of enterprise storage security solutions for the networked storage and...
Munich Re Releases 2003 Catastrophe Study
Feb 26 2004 // Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in...
Best Affirms ‘A’ Rating of Inter-Ocean Subsidiaries; Revises Outlook to Negative
Feb 26 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The rating applies to...
Argonaut Group Ratings Affirmed, Outlook Revised
Feb 25 2004 // Standard & Poor’s Ratings Services said it affirmed its ratings on Argonaut Group Inc. and its insurance company affiliates, including its “BBB+” counterparty credit and financial strength ratings on...
AUTO RESIDUAL MARKET LOSSES RISE
Feb 23 2004 // The Property Casualty Insurers Association of America reported that residual market plans for private passenger auto insurance continue to result in significant losses. The private passenger auto residual market increased...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
WCIRB Report on Q3 2003 Insurer Results Released
Feb 18 2004 // The WCIRB has compiled a summary of insurer reports of loss and premium experience valued as of September 30, 2003. The report shows that statewide insurer written premium for the first three quarters of 2003, prior to...
ING to Exit Argentine Insurance Market
Feb 18 2004 // Holland’s ING Group announced that it will reorganize its insurance activities in Argentina, effectively leaving the market with the resulting loss of 650 jobs. A company announcement said it had made the decision...
Swiss Re Reports 7% P/C Renewal Premium Growth
Feb 17 2004 // Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio...
Converium 2003 Net up 73% at $185 Million
Feb 17 2004 // Swiss-based reinsurer Converium boosted its net earnings by 73.3 percent last year to $185.1 million, compared to $106.8 million in 2002. Gross premiums written were up 19.5 percent to $4.2239 billion from $3.5358 billion...
Mich. Auto Rates Rise Slower Than National Average
Feb 12 2004 // Auto insurance rates for Michigan policyholders rose slower than the national average in 2003, according to the Insurance Institute of Michigan (IIM). Michigan’s auto insurance rates increased an average of 7 percent...
S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings
Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
AUTO INSURANCE, WORKERS’ COMP EMERGE AGAIN AS TOP LEADING LEGAL ISSUE TRENDS:
Feb 9 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
California Workers’ Comp Costs Per Claim Continue Rapid Growth
Feb 9 2004 // California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge,...
Survey: New Car Owners Know Little About Insurance Coverage
Feb 9 2004 // A recent national survey by Mayfield Village, Ohio-based vehicle insurer Progressive, found that new car owners know much more about the features of their vehicle than they do about the insurance that protects it,...
