Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
S&P’s Maintains Negative Outlook for European Reinsurers
Sep 2 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
SOME COLO. WORKERS’ COMP LOSS COSTS TO DECLINE
Sep 2 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
Vesta’s Outlook Negative
Sep 2 2002 // Fitch Ratings affirmed “BBB-” insurer financial strength ratings of Vesta Insurance Group’s insurance subsidiaries. A “BBB-” rating was assigned to Florida Select Insurance Company (Florida...
WCIRB’s Summary of 1Q Experience Reveals Cont’d Price Increases
Aug 30 2002 // The WCIRB’s recently released summary of statewide first quarter 2002 experience shows sharp increases in insurer rates as well as continued deterioration in loss development. Average insurer rates on policies...
Near North Posts 20% Revenue Increase in 1st Half
Aug 29 2002 // Chicago-based broker Near North National Group announced a 20 percent increase in consolidated revenues and net income for the first half of the year, which it attributed mainly to increased business from clients, rather...
Contractors Meet with Mendoza to Address Concerns over Rising Liability Rates
Aug 27 2002 // A group of 25 insurance brokers and contractors recently met with Republican Insurance Commissioner candidate Gary Mendoza to discuss rising liability insurance rates in the Inland Valley, according to the Los Angeles...
ING Reports 2% Decrease in 1st Half Operational Net to $2.347 Billion
Aug 23 2002 // Holland’s ING Group surprised analysts yesterday when it released its first half results. Although operational net profit declined by 2 percent, most forecasts had expected even more negative figures. ING earned...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Hartford Fire Outlook Neg.
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Taiwan’s Chung Kuo Ins. Rated BBB+; Outlook Stable
Aug 16 2002 // Standard & Poor’s has assigned its triple-‘B’-plus insurer financial strength and counterparty credit ratings to Taiwan-based Chung Kuo Insurance Co. Ltd. (Chung Kuo), based on the company’s...
S&P’s Maintains Negative Outlook for European Reinsurers
Aug 16 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
Nev. Health Premiums to Increase for Some Married Workers; Decreases for Others
Aug 13 2002 // Approximately 2,000 married Nevada State workers will see their health insurance premiums take a hike by nine percent in January, according to an Associated Press report. Some 3,000 State employees however, whose policies...
Shinkong Outlook Revised to Negative
Aug 12 2002 // Standard & Poor’s Ragtings Services has revised its outlook on Taiwan-based Shinkong Insurance Co. Ltd.’s single “A-” counterparty credit rating from stable to negative. The counterparty credit...
Workers’ Comp Loss Costs Expected to Decrease for Some Colo. Employers
Aug 12 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
S&P’s Revises Aon Corp. Outlook to Negative
Aug 9 2002 // Standard & Poor’s has revised its outlook on Aon Corp. to negative from stable following the company’s second-quarter 2002 earnings announcement. “This rating action reflects the margin deterioration...
S&P’s Rates Bluewater ASA ‘BBB-‘; Outlook Stable
Aug 9 2002 // Standard & Poor’s assigned its triple-‘B’-minus counterparty credit and insurer financial strength ratings to Oslo-based start-up marine insurer Bluewater Insurance ASA (Bluewater). The outlook is...
McDermott Shares Rise Following Tentative Agreement on Asbestos Claims
Aug 9 2002 // New Orleans-based McDermott International Inc. shares climbed Aug. 8 following the company’s announcement of a tentative agreement to assign the entire portion of its equity in the Babcock & Wilcox unit to...
Vesta Declares Cash Dividend, Receives Negative Outlook from Fitch
Aug 9 2002 // Alabama-based Vesta Insurance Group, a holding company for various insurance and financial service firms, announced its board of directors has declared a quarterly cash dividend of $0.025 per share for the period ending...
