Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
NYSID to Hold Public Hearing on Proposed Workers’ Comp Rate Increase
Jun 24 2003 // The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation...
Lloyd’s Survey Predicts Increased Demand for Specialist Insurance Cover
Jun 23 2003 // Lloyd’s has released the results of a survey, which shows that the demand for specialist insurance cover is expected to rise significantly over the next two years as a direct result of European weather and liability...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
CONNING RESEARCH SAYS P/C OUTLOOK NOT AS BRIGHT AS RISING PREMIUM RATES SUGGEST:
Jun 23 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 Inc....
STATE FARM HOMEOWNER RATES INCREASE IN NEV:
Jun 23 2003 // Nevada Insurance Commissioner Alice 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...
Minority and Women Agents Look to Tap Emerging Markets
Jun 23 2003 // Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
Minority and Women Agents Look to Tap Emerging Markets
Jun 23 2003 // Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
IBC Analysis Confirms Increased Auto Claims Costs
Jun 18 2003 //
Report No IPO for Poland’s PZU before May 2004
Jun 18 2003 // The long-delayed initial public offering of shares in Poland’s largest insurer, Powszechny Zaklad Ubezpieczen SA (PZU) has now been put off once again – until May 2004 at the earliest. According to a report...
Progressive’s May Premiums Up 29 Percent
Jun 17 2003 // Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported that for May 2003, the company produced a GAAP combined ratio of 88.3. Net premiums written increased 29 percent to $910.9 million for the month,...
NAII Says R.I. “Vicarious Liability” Bill Could Increase Auto Premiums
Jun 17 2003 // The National Association of Independent Insurers has issued a bulletin indicating that a bill, scheduled to be considered by the Rhode Island’s House Judiciary Committee, would expand liability for car renters and...
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...
