Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Ark. Workers’ Comp Costs Decline
Jun 10 2002 // Arkansas Insurance Commissioner Mike Pickens reported a 4.5 percent loss decrease in the state’s workers’ compensation voluntary insurance market. Workers’ comp costs have declined for eight straight...
Standard and Poor’s says Auto, Homeowners Outlook Stable
Jun 7 2002 // Higher pricing underlies the prospect of improved earnings among U.S. auto and homeowners’ insurers, according to a midyear report released by Standard & Poor’s. The outlook has been revised to stable...
Unprecedented Response to PIA Market Survey
Jun 4 2002 // The response to the Hard Market Survey conducted by the Professional Insurance Agents Association of Connecticut, New Hampshire, New Jersey and New York (See IJ Website May 1) has received “the highest rate of...
Standard and Poor’s: Pricing Discipline Major Factor for Industry Outlook
Jun 3 2002 // Pricing discipline is the key factor separating the four major insurance sectors in the U.S., according to a set of commentaries Standard & Poor’s will release in the next week. The health and life insurance...
PIANH Conference Hears Candid Discussion on Insurance Market
May 30 2002 // The annual Conference of the Professional Insurance Agents of New Hampshire (PIANH) featured a panel discussion on the hardened insurance market, entitled “Market Conditions and Strategies for 2002,” Moderated...
U.S. P/C Rates Still Increasing
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Outlook Stable for Amica Mutual
May 27 2002 // S&P affirmed its “AA+” counterparty credit and financial strength ratings on Amica Mutual Insurance Co. and its wholly owned subsidiaries Amica Lloyds of Texas and Amica Life Insurance Co. The affirmation...
ING Q1 Net Up Slightly on Strong Insurance Sales
May 24 2002 // The Netherlands ING Group reported a 0.4 percent increase in net profit for the first quarter of 2002 compared to the same period in 2001, to €1.136 billion ($1.05 billion), the figure also represents a 19.8 percent...
S&P Maintains Negative Outlook on Japan’s P/C Insurers
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings...
TechAssure Conference Aimed at New and Emerging Risks
May 23 2002 // TechAssure agent members gathered in Boston recently to discuss and look for solutions in solving the risk management needs of the technology community. TechAssure is an independent affiliation of agents and brokers. The...
Calif. Workers’ Comp Trends Increase
May 22 2002 // A study by the Washington-based National Academy of Social Insurance revealed that California’s workers’ compensation benefits have increased 13.9 percent to $8.9 billion in 2002, signaling the end of a decline...
S&P Affirms Everest Re (U.S.) ‘A-‘ Rating, Outlook Positive
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
AUGIE Agency Survey Offers Up Numbers
May 21 2002 // Orlando – “The thing that surprised me the most was just how much of the survey wasn’t that surprising,” ACORD vice president Rick Gilman commented. According to Gilman, the result of the AUGIE...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Open Ideas “Trends in Technology”: Series of Online Events will use Interactive Web Conference Technology
May 13 2002 // Dúnedain Multimedia has announced the first event in their new “Open Ideas Series.” The live online conference is scheduled to begin at 1:30 p.m. (EST) on Tuesday, May 14. The series of events will bring...
Automobile Rates on the Rise in Mich.
May 10 2002 // The typical Michigan motorist will experience increased automobile insurance rates during the coming year, according to the Michigan Office of Financial and Insurance Services (OFIS). To help Michigan motorists combat...
Survey Finds $180 Million Rise in Pa. Hospitals’ Med Mal Rates
May 7 2002 // Hospitals in Pennsylvania are estimated to be paying more than $180 million in additional premiums for medical liability insurance compared to a year ago, according to a statewide survey of medical professional liability...
PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
May 7 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the 2002 first quarter of $66.8 million, or $1.29 per share on a fully diluted basis compared to $55.6 million, or $1.08 per share, for the first quarter...
Fitch Study Backs Up 2001 Woes
May 7 2002 // A new report from Fitch Ratings backs up what many industry experts have reported—2001 was a bad year for the P/C industry, noting an after-tax loss for the first time in history. Fitch, however, sees improved...
CDI Releases Slavery Era Insurance Survey
May 2 2002 // The California Department of Insurance (CDI) released today the results of an industry survey conducted in accordance with Senate Bill 2199 on the subject of slavery era insurance policies. SB 2199 was passed by the State...
