Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Car Thefts Up 60% in Southwest Georgia City
Jul 29 2019 // Police in one southwest Georgia city say they’re seeing a spike in stolen cars. Albany police say vehicle thefts are up 60 percent so far over the same period a year ago. That’s 159 vehicles reported stolen so...
Risk of No-Deal Brexit Rises as EU Rejects PM Johnson’s Demands for Better Exit Deal
Jul 26 2019 // The scale of the challenge facing Boris Johnson to break Britain’s political deadlock was laid bare in his first days as prime minister, as the European Union immediately rejected his demands for a better Brexit...
Chubb Q2 Saw Net Income Dip, Premium Growth
Jul 25 2019 // Global insurer Chubb’s saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. “This quarter was about growth and...
First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon
Jul 25 2019 // Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s...
Travelers Profit Up 6.3% in Q2 on Lower Catastrophe Losses, Higher Investments
Jul 23 2019 // The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. The insurer reported lower catastrophe losses and higher net...
China Opens Financial Sector to Increased Foreign Investment
Jul 22 2019 // China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or...
Report: California Private Self-Insured Employers Comp Claim Frequency Rose Last Year
Jul 19 2019 // Workers’ compensation claim frequency reported by private self-insured employers in California rose last year, as the incidence of both indemnity and medical-only claims rose from the 2017 levels, the California...
Deaths from Nevada Car Crashes Down in June from 2018 Rates
Jul 18 2019 // Fewer people died in car crashes on Nevada roads in June than they did a year earlier, according to state data. The Nevada Department of Public Safety reported 16 deaths from 16 crashes in June, which is almost half as...
Texas Surplus Lines Premium Up 13% Over Last Year
Jul 16 2019 // Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas...
Keep It Simple, Grow Trust for Future Success, Say UK Insurance Executives
Jul 16 2019 // The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some of the industry...
Causey: More Time Needed to Review North Carolina Homeowners’ Rate Increase
Jul 16 2019 // North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying...
U.S. P/C Insurers’ Net Income Increased 69% in 2018 Over 2017: A.M. Best
Jul 15 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
Large French Companies Increasingly Are Targeted by Ransomware Attacks
Jul 12 2019 // Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, according to the French...
Future at Lloyd’s Consultation Period Ends – Now the Hard Work Begins
Jul 12 2019 // When the 10-week consultation period for “The Future at Lloyd’s” project ended this week, Lloyd’s confirmed that participation was widespread, with more than 4000 suggestions and comments received...
As Gulf Storm Bears Down, New Orleans Faced with Threat of Two-Sided Flood
Jul 10 2019 // New Orleans is under the threat of floods from two fronts as the Mississippi River could jump to its highest point in at least 90 years. The city is facing flood waters coming down the Mississippi from the U.S. Midwest...
Outlooks Revised to Stable for Wisconsin’s Badger Mutual Insurance
Jul 10 2019 // Ratings agency, AM Best, has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Badger Mutual Insurance...
Last Chance: Future-at-Lloyd’s Consultation Period Ends Today
Jul 10 2019 // Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was first announced on May 1. Chief Executive Officer John Neal at the time encouraged...
AM Best Revises Outlooks for Capacity Insurance Co. of Florida
Jul 10 2019 // AM Besthas revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Capacity Insurance Co. based in Sunrise,...
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise
Jul 9 2019 // Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past two months ratcheted up tensions and highlighted the growing risks of...
Roman Catholic Archdiocese of New York Sues Insurers Over Future Abuse Claims
Jul 8 2019 // The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies, seeking to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that...
