Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Iowa’s LMC Insurance & Risk Management Teams Up with AssuredPartners
Feb 10 2020 // LMC Insurance & Risk Management, headquartered in West De Moines, Iowa, has joined Florida-based AssuredPartners Inc.’s national broker team. LMC’s operations consist of 290 dedicated employees who will...
Hiring Momentum May Be Slowing Overall But Not in Insurance
Feb 10 2020 // There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a new survey showed, the latest suggestion that the labor market has likely peaked...
Chubb Closes Out 2019 with Strongest Growth in Years
Feb 6 2020 // Chubb has plenty to celebrate about its 2019 fourth quarter. The global insurer enjoyed a large jump in net income due mostly to rate hikes and property/casualty underwriting gains. Chubb’s catastrophe losses also...
Report: Florida Will See Noticeable Climate Change Impacts in 20 Years
Feb 6 2020 // When scientists talk about climate change effects like sea level rise and extreme temperatures, they’re typically referring to things predicted to start noticeably occurring as soon as, say 2050, or into the next...
North Dakota Official: Work Injury Claims Could Rise with Recreational Pot
Feb 6 2020 // North Dakota could see a rise in workers’ compensation claims if marijuana is legalized, the state’s workplace safety agency told lawmakers on Feb. 4. Jodi Bjornson, a lawyer for North Dakota Workforce Safety...
Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules
Feb 5 2020 // A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the...
Last Chance to Participate in the 2020 Agency Salary Survey
Feb 5 2020 // Would you like to know where agency salaries and total compensation ranks today? Find out by completing this year’s exclusive Agency Salary Survey. The deadline to participate in the 2020 Agency Salary Survey is...
Outlooks Revised to Negative for Amerisure Mutual Insurance, Affiliates
Feb 5 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Co.(Amerisure...
California Leads Nation in Surplus Lines Premiums on 5th Year of Record Growth
Feb 4 2020 // Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line...
Berkley CEO Warns Against Overreaction to Workers’ Comp Rate Declines
Feb 4 2020 // While the market is hardening and rates are increasing for nearly every commercial insurance line, workers’ compensation remains stubbornly soft. That reality is something that W.R. Berkley’s CEO flagged...
2019 Natural Hazard Report Highlights Long Tail of Financial Recovery
Feb 4 2020 // This post is part of a series sponsored by CoreLogic. Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and...
Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know
Feb 3 2020 // The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down...
W.R. Berkley Reports Underwriting Income Up, Catastrophe Losses Down
Jan 31 2020 // W.R. Berkley Corp. reported that its gross premiums written grew by more than 10 percent in the 2019 fourth quarter, thanks in part to accelerated rate increases. But net income dipped compared to the same period a year...
Outlooks Revised to Negative for Michigan’s Amerisure Mutual Insurance, Affiliates
Jan 30 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Co. (Amerisure...
With Premiums Up Due to Accidents, Chemical, Refinery Plants Cut Back on Insurance
Jan 30 2020 // U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for...
Hiring Momentum May Be Slowing Overall But Not in Insurance
Jan 28 2020 // There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely...
Miami Aims To Be Carbon Neutral by 2050 Under ‘Climate Ready’ Plan
Jan 28 2020 // With sea level rise already lapping at its door, the city of Miami made its first significant commitment to address the root cause of climate change, not just the symptoms. The city government plans to go carbon neutral by...
Commercial Air Travel Passenger Death Rate Continues to Decline: MIT Study
Jan 27 2020 // It has never been safer to fly on commercial airlines, according to a new study by an MIT professor that tracks the continued decrease in passenger fatalities around the globe. The study finds that between 2008 and 2017,...
AM Best Revises Outlooks to Positive for Kemper Group
Jan 27 2020 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the Chicago-based...
Texas E&S Premium Up 14.3% in 2019, Stamping Office Says
Jan 27 2020 // Excess and surplus lines insurance premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion, according to the Surplus Lines Stamping Office of Texas...
