Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 10 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Lloyd’s Affirmed, Negative Outlook Removed
Sep 10 2001 // A.M. Best Co. has affirmed the “A” rating of Lloyd’s and removed its negative outlook. The negative outlook was affirmed June 28 to reflect A.M. Best’s concerns over the accelerating rate of...
Progressive Survey: Nearly 1 in 10 Consumers Likely to Commit Insurance Fraud
Sep 7 2001 // With a $120 billion annual price tag, insurance fraud is one of the costliest crimes in America. Progressive Insurance recently conducted a telephone survey on more than 31,000 Americans to better understand how people...
Swiss Re Net Falls in 1st Half, Despite Strong Growth
Sep 7 2001 // The exceptional investment gains it achieved last year, over $2 billion, had a negative impact on Swiss Re’s 1st half results this year, as it reported an overall decrease of $975 million. Pre-tax operating income,...
Zurich Meets Lowered Ist Half Forecasts
Sep 6 2001 // Anglo-Swiss group Zurich Financial Services announced first half results that were largely in line with its announcements in February and March that earnings would decrease this year. It posted a 1st half normalized net...
Storms Drive Iowa Homeowner Rate Increases
Sep 6 2001 // Iowa’s hail, wind and ice storms over the past few years are driving up homeowners’ insurance rates as much as 20 percent, according to the Des Moines Register. Like many other states, Iowa homeowners are...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
Chubb Survey Reveals ‘Roadshow’ Attendees Are Underinsured
Sep 3 2001 // Results of a survey conducted by Chubb Group of Insurance Companies reveals that many private collections of fine arts or antiques may be underinsured. When Chubb’s “Antiques Roadshow,” a popular PBS...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Fortis Net Up 4% in 1st Half
Aug 28 2001 // Fortis, the Dutch-Belgian financial services group, announced that overall net operating profit rose 4 percent to €1.54 billion ($1.41 billion) during the first half of the year, helped by the sale of Fortis Financial...
American Agents Alliance to Stir Up Ideas at 2001 Conference & Expo
Aug 27 2001 // A two-day “Agency Management Training Camp” is among the highlights of the American Agents Alliance 2001 Conference & Expo, to be held Sept. 19-23 at the Westin Mission Hills Resort in Rancho Mirage,...
NV MED-MAL RATES TO RISE
Aug 27 2001 // Continental Casualty Company; America Casualty Company of Reading, Penn; and Transportation Insurance Company (collectively CNA) received approval from Nevada Insurance Commissioner Alice A. Molasky-Arman to increase its...
Booz-Allen Survey Reveals Gap Between Internet Insurance Offerings and Customer Needs August 24, 20
Aug 24 2001 // Despite explosive growth in traffic, many insurance Internet sites fail to measure up to competing bank and brokerage sites, according to a recent eInsurance study by Booz-Allen & Hamilton, a worldwide management and...
RMS Upgrades Hawaii Hurricane Model for Insurance Market
Aug 22 2001 // Risk Management Solutions (RMS), industry leader in the area of natural hazard risk modeling, announced the latest release of its RMS™ Hawaii Hurricane model. The model upgrade offers significantly improved risk...
The Shrinking, Expensive Market for Nursing Home Coverage
Aug 20 2001 // I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance...
Two More Named Storms Forecast for August
Aug 20 2001 // As the Atlantic hurricane season’s second named storm has faded into memory, hurricane forecaster William Gray predicts two more named storms in the Atlantic Ocean and Gulf of Mexico during the month of August. One...
Nevada Commissioner Approves Increase in Med-Mal Rates
Aug 16 2001 // Continental Casualty Company; America Casualty Company of Reading, Penn; and Transportation Insurance Company (collectively CNA) received approval from Nevada Insurance Commissioner Alice A. Molasky-Arman to increase its...
Rating Bureau Suggests Premium Increase to Combat Costs
Aug 13 2001 // Noting rising costs and a trend toward insolvencies, the Workers’ Compensation Insurance Rating Bureau’s governing committee voted to suggest an 8.5-percent gain in the average pure premium rate as part of its...
HO PREMIUMS UP SLIGHTLY
Aug 13 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
