Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Surplus Line Premium Sees 82 Percent Increase, Says SLA
Oct 13 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the association’s nine month total for processed surplus line premium showing an 82 percent increase over the 2002 premium...
AFG Increases Payout in Proposed Merger
Oct 8 2003 // Cincinnati-based insurer American Financial Group Inc. announced that it and its subsidiary, American Financial Corporation (AFC), have agreed to amend their pending merger agreement, to provide for an increase in the...
Outlook Stable for Markel
Oct 6 2003 // Moody’s Investors Service affirmed Glen Allen, Va.-based Markel Corp.’s “Baa3” senior debt rating and “A3” insurance financial strength ratings at its U.S. insurance entities. The...
Survey: Fire Chiefs Overmatched By Development
Oct 2 2003 // Seventy-three percent of U.S. fire chiefs say residential and commercial growth is already straining their departments’ ability to protect the communities they serve, according to survey conducted by Opinion Research...
CPCU Society to Highlight Results From P/C Survey at Annual Meeting
Oct 1 2003 // The CPCU Society invites insurance professionals to “Jazz Up Your Career!” at the CPCU Society’s 59th Annual Meeting and Seminars in New Orleans, Oct. 11-14. Join CPCUs, the New Designee Class of 2003,...
Employers, Fremont Report Q2 2003 Results
Sep 30 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively “the Company”), leading...
CIGA Looks to Bond Sound Future
Sep 22 2003 // Thanks to the legislature, the California Insurance Guarantee Association (CIGA) will stave off financial ruin by floating bonds next year. Part of the reform package passed by both houses in the Capitol includes...
GE P/C Ratings Raised, Outlook Stable
Sep 22 2003 // Standard & Poor’s Ratings Services raised its financial strength ratings on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co....
AMERICAN FAMILY INS. AUTO RATES TO INCREASE IN NEV
Sep 22 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile...
NO RISE IN OKLA. WC RATES
Sep 22 2003 // The Oklahoma State Board for Property and Casualty Rates voted to hold the line on a key component of workers’ compensation rates, at least for the next year. The 4-1 decision came after nearly 10 hours of hearings...
Eureko Outlook Revised to Neg
Sep 19 2003 // Standard & Poor’s Ratings Services announced it revised the outlook on all entities of the Netherlands-based Eureko insurance group (Eureko) to negative from stable. At the same time, S&P affirmed its...
Wash. L&I Proposes 19.4% WC Increase for 2004
Sep 18 2003 // The Washington Department of Labor and Industries (L&I) proposed increasing workers’ compensation premiums by 19.4 percent in 2004. Assuming the economy holds steady, the rate increase will bring revenues in...
ZFS Subs Outlook Revised to Stable
Sep 18 2003 // Standard & Poor’s Ratings Services revised its outlook on the core operating entities of the Switzerland-based composite insurance group Zurich Financial Services (collectively ZFS) and the outlook on the group...
Best Affirms Lincoln General With Neg Outlook
Sep 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of York, Pa.-based Lincoln General Insurance Co., a subsidiary of Kingsway Financial Services Inc. The rating has been removed from...
Ky. Commissioner Sets WC Rate Increase at 13.1%
Sep 17 2003 // Kentucky Insurance Commissioner Janie A. Miller rejected the filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. According to the Kentucky...
New Survey Reportedly Highlights Need for Class Action Reform
Sep 16 2003 // An overwhelming majority of Americans reportedly believe that frivolous lawsuits are flooding the court system and that class action lawsuits are increasing the cost of products they buy. According to a Winston Group...
Mich. Auto Rates Up 7% This Year
Sep 15 2003 // Auto insurance rates in Michigan have increased an average of 7 percent so far in 2003, according to the Insurance Institute of Michigan (IIM). Nationally, auto insurance costs are expected to rise 8.5 percent this...
Complaints Against Ill. Insurers Decline Slightly
Sep 11 2003 // Illinois consumers filed fewer complaints about their insurance companies and HMOs according to the 2002 consumer complaint statistics released today by Director of Insurance J. Anthony Clark. A major exception to this...
Reinsurance Rendezvous Highlights Poor Results, Future Direction
Sep 9 2003 // The annual Reinsurance Rendezvous in Monte Carlo, which began last weekend, has put the spotlight on the altogether mixed results the industry has posted over the last three years. Both Standard & Poor’s and...
I.I.I. Reports Auto Rates on the Rise
Sep 8 2003 // Rising costs of medical care, vehicle repair, jury awards, automobile theft and fraud are expected to drive up auto insurance rates by six percent in 2004, according to an analysis by the Insurance Information Institute...
