Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
A.M. Best Affirms Excellent Rating, Revises Outlook to Negative for CMIC Group
May 3 2018 // A.M. Best has affirmed its financial strength rating of A- (Excellent) and its long-term issuer credit ratings of “a-” while revising its outlook to negative from stable for Glastonbury, Conn.-based Connecticut...
California Bills Inspired by 2017 Mudslides and Fires Clear Committee
May 2 2018 // Two bills inspired by the 2017 mudslides and fires in California that are designed to help prevent homeowners from being underinsured when disaster strikes passed the Assembly Insurance Committee on Wednesday. The bills,...
Federal Tax Cuts Spur 1.8% Decrease in Florida Workers’ Comp Rates
May 2 2018 // The Florida Office of Insurance Regulation (OIR) has approved a 1.8 percent rate decrease for workers’ compensation insurance in Florida. The decrease was filed by the National Council on Compensation Insurance...
Iowa Medical Marijuana Industry Unsure About Future
Apr 30 2018 // Serious questions linger about the fate of medical marijuana in Iowa as Republican lawmakers find themselves considering an eleventh-hour deal that would expand the program to more patients. The state’s sole...
Using Insurance Records to Anticipate Future Medical Needs and Reduce Costs
Apr 27 2018 // Scientists at UCLA have determined that medical insurance company records can be used to make accurate predictions about future health conditions in their members. These predictions lead to better outcomes by enabling...
Fitch Affirms Negative Outlook for London Market
Apr 27 2018 // Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting its analysts’ expectation that underwriting results will continue to be pressured by the...
The Lowdown: For Agents – The Latest on Cyber Predictions & Myths
Apr 25 2018 // This week’s Lowdown features two informative reports, the current State of Cybercrime, by RSA and Top Myths of Cyber Risk for Small & Medium-Sized Businesses, by Relation. Combined, these two reports offer you...
Insurers Broadening Architects, Engineers Liability Coverage: Survey
Apr 24 2018 // While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer expanded protection. A new...
Ratings Outlooks Revised to Positive for Michigan’s AmeriTrust Insurance Group
Apr 20 2018 // Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the...
Idaho Workers’ Comp Rates to Decrease Another 3.4% in June
Apr 20 2018 // The Idaho Department of Insurance has approved a proposal from the National Council on Compensation Insurance for another 3.4 percent decrease to workers’ compensation insurance rates. The decrease is effective for...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
Apr 19 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between...
Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS
Apr 17 2018 // PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
How Agencies Grow Today: Channel Harvest Survey
Apr 17 2018 // When it comes to business growth, agents have their eyes on the same prize but different ideas about how to secure it. That’s one of the key findings of “Agent Voices 2018,” a soon-to-be-released report...
Nationwide Switching to Independent Agency Distribution Model by 2020
Apr 16 2018 // Independent agents take note – Nationwide may be on your side. Nationwide on Monday announced its intention to shift to an independent agency distribution model over the next two years. The Columbus, Ohio-based carrier,...
Rising Claims Frequency Hampers Results in Directors & Officers Liability Insurance Sector
Apr 16 2018 // The underwriting performance in the U.S. directors and officers (D&O) liability insurance market deteriorated significantly in 2017. Competitive pricing and an increasing number of lawsuits have hurt the line’s...
2018 Young Agents Survey: Straight Talk From Young Agents
Apr 16 2018 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 16 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
Insurer Hagerty’s 10 ‘Hot’ Future Collectible Cars from 2018 Models
Apr 12 2018 // While the future of new car ownership may be up for debate, 2018 has ushered in a new class of vehicles that promise to be sought-after collectibles. According to Hagerty, which specializes in insurance for collectible...
What to Expect in Commercial Insurance Pricing for Rest of 2018: WTW Spring Forecast
Apr 12 2018 // Commercial property insurance rate increases are easing off initial spikes following 2017’s record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on many lines of...
