Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Homeowners Premiums in Ireland to Increase
Feb 26 2001 // Home insurance premiums are expected to increase by as much as 30 percent this year as building costs push up underwriting losses from weather-related claims. Royal and Sun Alliance, with a 28 percent market share in...
Rise in Reinsurance Rates Propelled By a More Cautious Approach
Feb 26 2001 // The long-awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
New Swiss Re sigma Study: Insurance Industry in Central and Eastern Europe — Current Trends and Pro
Feb 21 2001 // The latest sigma study from Swiss Re provides a detailed overview of Central and Eastern European insurance markets with an analysis of the latest developments in life and non-life insurance in 27 countries, including the...
More Cautious Approach Propels Reinsurance Rate Rise
Feb 19 2001 // The long awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
Rate of Hurricanes Will Increase, Expert Warns
Feb 16 2001 // Hurricane forecaster William Gray predicted Wednesday during the Windstorm Insurance Conference in Orlando, that the nation’s East Coast, particularly Florida, was at the beginning of a period of more frequent...
Adventure to Shape the Future of the Travel Industry; Insurance Needs to Grow Substantially
Feb 15 2001 // A growing interest in adventure will shape the travel industry in the 21st century, according to Lloyd’s of London. Speaking last week to a gathering of the Canadian travel insurance industry, a leading Lloyd’s...
Allianz Net Profit Up in 2000
Feb 14 2001 // Allianz AG reported today a 12 percent rise in adjusted net profit in 2000, meeting analyst expectations. The company also fortified its outlook for 2001 following German tax reforms. The company reported adjusted net...
SCOR 2000 Premium Volume Up
Feb 13 2001 // French reinsurer SCOR S.A. has reported a 14.5 percent increase in premium volume to 3.5 billion euros ($3.30 billion) in 2000. Prior to publication of its complete annual results in March, the Paris-based group announced...
CIAB REPORTS P/C RATES UP
Feb 12 2001 // Through its fourth quarter 2000 Commercial Insurance Market Index, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose significantly over the...
AGF Premium Income Up For 2000
Feb 7 2001 // France’s AGF, 51 percent of which is owned by Germany’s Allianz, posted strong growth in premium income in all sectors for the year 2000. Overall premium income rose 17.8 percent in 2000 to €15.74 billion...
Chubb Enters Lender Environmental Insurance Market
Feb 7 2001 // The Chubb Group of Insurance Cos. has introduced Collateral Impairment and Environmental Liability Insurance for Financial Institutions to commercial real estate lenders. The coverage is available through Environmental...
Progressive.com Survey Uncovers New Car Buying Attitudes
Feb 5 2001 // A new survey by Progressive Insurance finds that people place a premium on the look and the amenities offered in a new car rather than its safety features. The survey found that the top five considerations when purchasing...
Progressive.com Survey Uncovers New Car Buying Attitudes
Feb 5 2001 // A new survey by Progressive Insurance finds that people place a premium on the look and the amenities offered in a new car rather than its safety features. The survey found that the top five considerations when purchasing...
St. Paul Survey Finds Business Fails To Understand High-Tech Risks
Feb 1 2001 // “Businesses do not adequately understand the risks posed by technology, have difficulty identifying potential risks and lack the tools to manage them effectively, according to a major survey of executives at 1,500...
Allianz/AGF Strengthen Position in Aviation Insurance Market
Jan 24 2001 // AGF, the French subsidiary of Germany’s Allianz, announced that its AGF MAT unit had purchased the remaining 51 percent of Westminster Aviation Insurance Group from France’s Groupama-Gan, giving it 100 percent...
Banks are Moving Full Force Into Insurance World, Survey Says
Jan 15 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance, and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
IRC Survey: Americans Willing to Pay for Shorter Trucking Drive Times
Jan 12 2001 // A recent survey of Americans conducted by the Insurance Research Council found that 57 percent of those surveyed believe that increasing the number of hours a truck driver is allowed to drive with no break is unsafe. More...
RLI Reports Modest Growth for 2000; Underwriting Results Mixed
Jan 11 2001 // RLI Corp. reported fourth quarter net operating earnings of $6.3 million ($.63 per diluted share), a 15 percent per-share decline over the $7.4 million ($.74 per share) result from the same quarter last year. Year-end...
Weiss Reports Insurance Company Failures Up 30% In 2000, HMO Failures Down 22 %
Jan 9 2001 // In the face of a slowing economy and stiff competition, 35 insurance companies failed in 2000, a 30 percent increase over the 27 failures recorded in 1999, according to Weiss Ratings, Inc., an independent provider of...
Washington Report Urges International Commission to Speed Up Holocaust Claims Process, Publish Names
Jan 9 2001 // Washington Insurance Commissioner Deborah Senn has issued a final report on the international effort to recover Holocaust Era insurance policies, urging an international commission to speed up its claims process and force...
