Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Quake Claims Bill Continues to Shake Up Industry Groups
Aug 23 2000 // On Monday, the California Assembly passed SB 1899, a bill that lifts for one year the expired statute of limitations on damage claims from the 1994 Northridge Earthquake. Both the National Association of Independent...
Moody’s Increases Estimates of Lloyd’s Losses
Aug 22 2000 // Moody’s Investors Service issued a new statement on Monday which forecast increased losses at Lloyd’s of as much as £3 billion ($4.5 billion) for the last three years. Moody’s previous loss estimates,...
SCPIE 2Q, Six-Months Results Reflect Increase in Premiums
Aug 18 2000 // SCPIE Holdings Inc. reported results for the second quarter and six months ended June 30, 2000. For the second quarter, operating income per share was 47 cents compared to operating income per share of 66 cents in the same...
Allstate First to Apply As India Opens Insurance Market
Aug 17 2000 // U.S. insurer Allstate and the U.K.’s Prudential Plc became the first foreign companies to submit applications, in conjunction with their Indian partners, to establish private insurance companies to sell life products...
State Farm Responds to Report It Alerted Firestone to Tire Problems in 1997
Aug 17 2000 // State Farm Mutual Automobile Insurance and Bridgestone/Firestone Inc. took exception to an Aug. 16 Los Angeles Times article which reported a State Farm spokesman as saying that the insurer had noticed an unusually high...
Aegon Upgrades 2000 Profit Forecasts
Aug 10 2000 // Dutch insurer Aegon has lifted its 2000 earnings forecast to 25-30 percent on the year, and forecasting earnings per share growth of 17 to 22 percent. Last month, Aegon said it might up its outlook because it was keeping...
Survey Says Insurance Industry Hiring to Increase in 2nd Half of 2000
Aug 8 2000 // Results of a new survey, conducted by management Recruiters International Inc. (MRI), indicate that 50.4 percent of executives with responsibility for hiring in the insurance industry plan to increase staff hiring in the...
Tragic Concorde Crash Could Wrack Up Losses for European Insurers
Aug 7 2000 // Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off...
WCIRB Proposes Pure Premium Rate Increase
Aug 1 2000 // Following the July 31 submission of its annual pure premium rate filing to the California Insurance Commissioner, the nonprofit Workers’ Compensation Insurance Rating Bureau proposed an average increase in pure...
New Jersey Homeowners’ Price Comparison Survey Available
Jul 31 2000 // The New Jersey Banking and Insurance Department has introduced a 2000 Homeowner’s Insurance Premium Comparison Survey designed to help consumers compare rates for homeowner, renter and condominium insurance. The...
Survey Reveals Business Not Prepared for E-Risks
Jul 31 2000 // A new survey reveals many of the nation’s largest employers are not prepared to handle e-commerce and e-communication risks. From dot.com companies to brick-and-mortar businesses using the Internet to dispense...
Halifax Shares Dip After Outlook Postings
Jul 31 2000 // Halifax shares fell 20 points Friday after posting second quarter results, which fell below industry expectations. Chief executive James Crosby delivered the news Friday, saying pre-tax profits for the first half ending...
FRONTIER WRAPS UP REGENCY SALE
Jul 24 2000 // Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill Insurance Group, for $7.1 million. The sale is part of the company’s Corrective Action...
Calif. Surplus Line Association First Half Figures Down
Jul 20 2000 // The Surplus Line Association of California (SLA) reported that during the first six month of 2000, it had processed $812,9953,889, a figure representing an almost 1.2 percent decrease from the $822,740,064 processed during...
Web Sales Will Grow Despite Dot-Com Shakeout
Jul 18 2000 // Online retail sales are expected to reach $152 billion by 2002, Reuters news service reports. And, while only a few of today’s online retailers may survive the ongoing industry shakeout, a recent report found that...
Illinois Health Insurance Complaints Up; Auto & Homeowners Down in ’99
Jul 13 2000 // Consumer complaints to the Illinois Department of Insurance increased by nearly 8 percent in 1999, according to complaint information released today by Director Nathaniel S. Shapo. The Department investigated 14,867 cases...
Skandia Sales Rise 78 Percent
Jul 12 2000 // Swedish finance and insurance group Skandia saw record second-quarter sales, which pushed sales to 78 percent higher than the first half of 1999. American Skandia also strengthened its market position, selling 75 percent...
New Format Increases Fraud Detection Abilities
Jul 12 2000 // The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers adopt new methods of reporting and coding claims, according to the...
Moody’s Revises Rating Outlook For Swiss Re
Jun 29 2000 // Catastrophes and intense competition can effect even the largest companies. Moody’s Investors Service provided graphic proof of this on Wednesday when it announced that it had changed its rating outlook on Swiss Re...
New Swiss Re Study Examines Emerging Markets
Jun 27 2000 // Swiss Re has issued a new Sigma study which examines the expansion of the international insurance community into the “emerging markets” of Latin America, Eastern Europe and Asia. Published as “Emerging...
