Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
HURRICANE FORECAST REVISED
Jun 26 2000 // Colorado State University’s hurricane forecast team led by William Gray has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began June...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 26 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
Commercial Lines Deregulation Continuesto Gain Momentum at State Level
Jun 26 2000 // Chalk up 2000 as another year for making great strides in passing legislation relating to deregulation. Since 1997, 21 states have passed laws deregulating commercial lines to one degree or another. “In 2000, we had...
Aviation Prices Go Up, Up and Away
Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses. Some underwriting companies also insure an array of aviation-related...
Rhine Re Affirmed, Outlook Negative
Jun 26 2000 // S&P affirmed its ‘A-‘ counterparty credit and financial strength ratings on Rhine Reinsurance Co. Ltd. and Rhine Reinsurance (Bermuda) Ltd., known collectively as the Rhine Re Group (Rhine Re). The outlook...
In the Underworld: Kidnapping, Hostage-Taking and Extortion Demands On the Rise
Jun 26 2000 // Kidnapping—seizing and holding people for a money payment; wrongful detention—when someone’s held for political reasons, and all kinds of extortion demands, are definitely on the rise,” said AIG Europe Vice...
Nursing Home Coverages Decline as Insurers Pull out of Market
Jun 20 2000 // The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is...
Lloyd’s Survey Reveals Lack of E-Commerce Coverage
Jun 8 2000 // A Lloyd’s study based on a survey at the recent annual conference of the Association of Risk Managers in Birmingham England, has revealed that 75 percent of the companies surveyed had no coverage against damages...
