Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 17 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
Emerging Issue in Texas: Firefighter, EMT Cancer-Related Workers’ Comp Claims — and Denials
Dec 17 2018 // How to process cancer-related workers’ compensation claims filed by firefighters and emergency medical technicians (EMTs) is developing into an emerging issue, Texas workers’ compensation system regulators...
Ohio Insurance Market at a Glance
Dec 17 2018 // With $84 billion in premium volume, Ohio is the 19th largest insurance market in the world and the seventh largest in the United States, the state’s insurance department says in its annual report for 2018. Ohio...
AM Best: Outlooks Revised to Stable for Texas Farm Bureau Insurance Companies
Dec 14 2018 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas Farm Bureau...
S&P Upgrades Outlook for AXIS
Dec 14 2018 // AXIS Capital Holdings won an outlook upgrade from Standard & Poor’s Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic initiatives. Standard &...
Citizens to Request 8.2% Rate Increase from Florida Regulators
Dec 13 2018 // Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board...
Report: Workers’ Comp Premiums in California for First 9 Months of the Year Down 3%
Dec 12 2018 // The Workers’ Compensation Rating Bureau of California issued its quarterly experience report on Wednesday showing premium for the first nine months of 2018 was 3 percent below the same period for 2017. The WCIRB...
I.I.I. Study Cites AOB Abuse for Increasing Insurance Costs In Florida
Dec 12 2018 // A new study released by the Insurance Information Institute (I.I.I.) finds that Florida’s assignment of benefits (AOB) crisis has cost consumers billions of dollars in unnecessary litigation and inflated claim costs...
U.S. Warns on Uptick in Chinese Hacking Setting Stage for Future Attacks
Dec 11 2018 // A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay...
Low Earthquake Insurance Take-up in Alaska Due to High Cost?
Dec 11 2018 // With Alaska’s history of earthquakes, you might assume most homeowners have earthquake insurance. That’s not the case, the Anchorage Daily News reported. Only about 15 percent of Alaska homeowners buy...
Fed Chair Says Wells Fargo Must Address Risk Management Before Any Growth
Dec 11 2018 // Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. In February,...
WCRI: Texas Workers’ Comp Medical Costs Per Claim Decreased Since 2014
Dec 10 2018 // Medical payments per workers’ compensation claim in Texas decreased from 2014 to 2016 for claims with more than seven days of lost time, evaluated as of 2017, according to a recent study by the Workers Compensation...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 10 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
A.M. Best Sees Private Passenger Auto Turnaround, Stable Outlook for 2019
Dec 10 2018 // Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns have convinced...
Texas DWC: Firefighters’ Cancer-Related Workers’ Comp Claims – and Denials – an Emerging Issue
Dec 7 2018 // How to process cancer-related workers’ compensation claims filed by firefighters’ and emergency medical technicians’ (EMTs) is developing into an emerging issue, Texas workers’ compensation system...
Public Transit Systems See Rise in Liability Losses
Dec 7 2018 // Nationally, public transit systems are seeing a steady increase in liability claim severity, even as ridership declines, according to a new study from Aon. Aon’s study found that overall public transit liability...
Workers’ Comp Insurance Rates to Go Down in Louisiana
Dec 5 2018 // Rates for workers’ compensation insurance will decrease in Louisiana next year, the state insurance department announced. Louisiana Department of Insurance has approved a rate filing from the National Council on...
Survey: Shortage of Skilled Workers Hurting Midwest Economy
Dec 4 2018 // The economy continued to expand in nine Midwestern and Plains states last month but was hampered by shortages of skilled workers, according to monthly survey results released Monday. The Mid-America Business Conditions...
Storms up Avalanche Risks Across Rockies in Colorado, Wyoming and Montana
Dec 3 2018 // Forecasters have issued warnings of potential avalanches across the Rocky Mountains as early winter snows and ongoing storms bring on the risk of fatal accidents. Dangerous conditions were highlighted by officials over the...
How the Insurance Market Will Expand in an Age of Autonomous Vehicles
Dec 3 2018 // Though it’s estimated that by 2025, auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage,...
