Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
To Sell or Not to Sell,Bank-Owned Insurance Agencies May Be Wave of the Future
Jan 14 2002 // As far back as anyone now in the insurance business can remember, agents were fighting against allowing banks to sell insurance. That changed in 1996 when the U.S. Supreme Court decided that national banks selling...
Washington State Worksites Continued Safety Trend in 2000
Jan 11 2002 // Continuing a trend begun almost 10 years ago, Washington workers suffered slightly fewer injuries and illnesses in 2000 than they did the previous year, according to survey results released by the Washington Department of...
Insurers See Mixed Results for New Technology Investments, Survey Says
Jan 8 2002 // According to a just-released Tillinghast-Towers Perrin survey, insurers using traditional business measures are discovering spotty evidence of success for their new technology investments. Yet, even in the aftermath of the...
Agents to Help Shape Future Automation and
Jan 4 2002 // The ACORD — User Groups Information Exchange (AUGIE) has launched its Agents’ Survey, a collaborative industry effort to determine what agents want out of their automation system and company partners...
Commercial Property Owners Face Large Insurance Premium Increases in 2002
Jan 4 2002 // Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to...
IRMI Supports Penn. Lawyers; Insurers to Blame for Malpractice Cost Rise
Jan 3 2002 // The International Risk Management Institute (IRMI) has issued a statement supporting the contentions of the Pennsylvania Trial Lawyers Association(PaTLA) that the insurance industry’s own business practices are...
Australian Brush Fire Loss Estimates Rise
Jan 3 2002 // As more than a 100 individual fires continued to rage unchecked around Sydney and other parts of the Australian State of New South Wales, more homes and buildings have been destroyed, Australian insurers estimate that...
Australian Fires Still Unchecked, Losses Rise
Dec 31 2001 // The brush fires raging near Sydney, Australia’s largest city, (See IJ Website, Dec. 27) continued to burn out of control over the weekend, as milder weather, which was helping the 15,000 firefighters control the...
Sales and Acquisitions in French Insurance Market
Dec 27 2001 // A flurry of year end transactions is changing the face of the French insurance market. The MMA-MAAF Group has reportedly agreed to acquire the French units of Swiss based Winterthur Group. CGU Courtage, the commercial...
ABA Sets Up Task Force on Insurance and Terrorism Claims
Dec 21 2001 // The American Bar Association announced the creation of a Task Force on Insurance and Terrorism Claims to address insurance issues arising out of the terrorists attacks on the World Trade Center and the Pentagon. The...
S&P’s Notes Negative Trends may turn around
Dec 19 2001 // Negative trends in the U.S. Personal Lines Insurance Industry, such as the deterioration in earnings, capitalization, and pricing adequacy, could begin to see a turn around in 2002, Standard & Poor’s points out...
Report DnO Claims, Premiums Increase
Dec 17 2001 // A recent report in Lloyd’s List states that the number and severity of claims against directors and officers has been rising, and concludes that greater surveillance of corporate governance is leading to more legal...
S&P Affirms ING Group Ratings, Changes Outlook to Negative
Dec 14 2001 // Standard & Poor’s has affirmed its ratings on Holland’s ING GROEP N.V., its insurance operations ING Verzekeringen NV (INGV), ING Bank NV and other group subsidiaries. Long term ratings are...
AIA Testimony Calls for Protection against Future Terrorist Attacks
Dec 13 2001 // Insurers are fully meeting their promises to policyholders in the wake of the Sept. 11 terrorist attack on the World Trade Center; however, a federal backstop is needed to provide protection against future terrorist...
IIAA, Future One Host Insurance Campaign Institute in Washington, D.C.
Dec 10 2001 // The Independent Insurance Agents of America (IIAA) and Future One, an agent/company partnership, will host the third biennial Insurance Campaign Institute for agents and other insurance professionals interested in running...
Cost of Risk Declines for Second Consecutive Year
Dec 10 2001 // For the second consecutive year, the overall cost of risk declined to the lowest point in over a decade, according to the newly released 2001 RIMS Benchmark Survey®. The 200-page survey, co-produced by the Risk and...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
2001 IIAA STUDY SEES MORE TECHNOLOGY
Dec 10 2001 // The 2001 Best Practices Study, released recently by the Independent Insurance Agents of America (IIAA), finds that technology is playing an ever-expanding and critical role in the success of Best Practices agencies and...
Calif. Industry Said to Be Prepared for Future Disasters
Dec 6 2001 // Representatives of the insurance industry testified Wednesday before the California Assembly Insurance Committee concerning insurance and reinsurance after the attack on America. They noted that the Sept. 11 attack was...
Nebraska, Iowa Residents See Rising Rates
Dec 3 2001 // Residents of Nebraska and Iowa are going to have to dig deeper into their wallets as home insurance companies are increasing rates for most Nebraskans and Iowans. According to the Omaha World-Herald, damage from three...
