Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey Reports Malpractice Lawsuits Threaten Healthcare on Long Island
Jun 12 2003 // Pennsylvania isn’t the only state having problems with medical malpractice claims. According to the results of a new survey of Long Island physicians, conducted by The New York Medical Staff Leadership Council,...
Calif. Commissioner Approves 7.2 Percent Rate Increase on Pure Premium Rates
Jun 9 2003 // California Insurance Commissioner John Garamendi issued a decision June 6 on the Workers’ Compensation Insurance Rating Bureau’s (WCIRB) July 1, 2003 pure premium rate filing that was submitted on April 2,...
IIABA SURVEY REPORTS NEARLY 2.5 MILLION HOUSEHOLDS LOST HOMEOWNERS COVERAGE PAST TWO YEARS:
Jun 9 2003 // A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s has assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million ($575 million if over-allotment exercised) 7.80 percent cumulative redeemable preferred shares, Series C...
Burns & Wilcox Chairman Reflects on Decades of Business
Jun 9 2003 // Recently, Insurance Journal sat down with Alan Kaufman, chairman, president, and CEO of the H.W. Kaufman Financial Group and its subsidiary, Burns & Wilcox Ltd. As chairman, Kaufman has played an active role through a...
Execs Talk Future of Industry at 9th Annual ITC Forum
Jun 9 2003 // “Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum....
Burns & Wilcox Chairman Reflects on Decades of Business
Jun 9 2003 // Recently, Insurance Journal sat down with Alan Kaufman, chairman, president, and CEO of the H.W. Kaufman Financial Group and its subsidiary, Burns & Wilcox Ltd. As chairman, Kaufman has played an active role through a...
Ace Affirmed, Outlook Neg.
Jun 9 2003 // S&P’s assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million, 7.80 percent cumulative redeemable preferred shares, Series C offering. Ace may redeem these shares any time after...
Emerging Exposures Lead To New Coverage Issues
Jun 9 2003 // Coverage for technology torts—”techno-torts” or “cybertorts”—is limited under the standard general liability policy. “Coverage A” of the standard CGL form requires bodily injury or...
Hartford Survey Says With More at Stake, Small Businesses are Least Ready for Natural Disaster
Jun 6 2003 // Although they have the most at stake, small businesses are less prepared than larger companies to withstand a natural disaster, according to a recent national survey of small and mid-sized businesses by The Hartford...
Aon CEO Says Rates Will Grow Slowly Until Early 2004
Jun 4 2003 // Aon CEO Patrick Ryan told a group of journalists that premiums will grow slowly through the end of 2003 and into early 2004, according to Reuters. Ryan predicted rates would rise over the next five to seven years. Certain...
N.Y. Healthcare Alliance Warns of Cuts as Med Mal Premiums Rise
Jun 4 2003 // The New York Healthcare Alliance (NYHA), a coalition of healthcare providers and workers from approximately 75 hospitals throughout the state, has issued a warning that, as a result of a recent court ruling, “New...
Conning Research Says P/C Outlook Not as Bright as Rising Premium Rates Suggest
Jun 3 2003 // Despite substantial rate increases over the past three years, Property/Casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting,...
S&P Revises Navigators Outlook to Stable
Jun 3 2003 // Standard & Poor’s has revised its outlook on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators) to stable from positive because of the belief that Navigators’s capital...
State Farm Homeowner Rates Increase in Nev.
Jun 2 2003 // State Insurance Commissioner Alice A. Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
S&P’s Revises GE P/C Companies Outlook to Negative; Ratings Affirmed
Jun 2 2003 // Standard & Poor’s has revised its outlook on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co. (collectively referred to as...
Weiss Study Says Med-Mal Caps Fail to Prevent Premium Increases
Jun 2 2003 // Caps on non-economic damages have failed to prevent sharp increases in medical malpractice insurance premiums, even though insurers enjoyed a slowdown in their payouts, according to a white paper released by Weiss Ratings,...
RMS Earthquake Engineer Asked by EERI to Lead Algerian Quake Damage Survey Team
May 30 2003 // California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that the Earthquake Engineering Research Institute (EERI) has asked Dr. Fouad...
S&P Says Global Reinsurance Outlook “Remains Negative”
May 30 2003 // In a report published this week Standard & Poor’s said that, “continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings and the market outlook remains...
Chubb, NLC and Progressive Top PIACT Company Survey
May 29 2003 // Three of last year’s top five companies, Chubb Group, NLC Insurance Cos. and Progressive, were again ranked among the top five performers in the second company performance survey conducted by the Professional...
