Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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,...
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit
Nov 28 2018 // Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
Greenhouse Gases Reach Level Last Seen 3-5 Million Years Ago: WMO Report
Nov 27 2018 // Greenhouse gas levels in the atmosphere reached a record not seen since sea levels were 10 meters to 20 meters (33 feet to 66 feet) higher than they are now, the World Meteorological Organization said in a...
Brexit Deal Could Reduce UK Economy by 4% by 2030: Think Tank
Nov 27 2018 // The British government’s Brexit deal with Brussels is likely to mean Britain’s economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday. The...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 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, according...
