Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
UK’s RSA Insurance Posts Above-Forecast Profit of $920.2M in 2017
Feb 22 2018 // Even higher payouts for RSA shareholders are likely in 2018, chief executive Stephen Hester said on Thursday after the company posted an above-forecast 2017 operating profit and boosted its dividend by 23 percent. Analysts...
Bipartisan Momentum Building in Congress for Cryptocurrency Regulations
Feb 22 2018 // Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers...
Report: MTA Knew Baltimore Metro Violated Standards in 2016
Feb 21 2018 // A Maryland Transit Administration report says the agency knew Baltimore Metro’s subway rails didn’t meet safety standards in 2016, more than a year before it declared an emergency shutdown. The Baltimore Sun...
Atlas General Insurance Services Expands Property Capabilities with Increased Limits and Capacity
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
Attorney, Vendor AOB Lawsuits Top Insurance Litigation in 2017: FJRI Report
Feb 20 2018 // Litigation from the abuse of assignment of benefits by third parties represented more than half of all Florida insurance litigation in 2017, and without a legislative fix those fueling the abuse will continue to get rich...
Duke Energy, North Carolina Coal Ash Neighbors End Dispute Over Future Claims
Feb 19 2018 // Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas reported. U.S. surplus line premium...
Insurance Journal’s Agency Salary Survey
Feb 19 2018 // Total compensation for insurance agency management, owners, principals and support staff were up in 2017, while total comp for producers declined just slightly over the year before. That’s according to the 2018...
P/C Direct Premium Written Up 4.7 Percent
Feb 19 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
Insurance Industry Trends for 2018: A Top 5 Countdown
Feb 19 2018 // Bring up the insurance industry as fodder for cocktail party conversation, and the universal response is oftentimes a collective yawn. But for those in the know, the insurance sector — with a domestic surplus...
Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft
Feb 16 2018 // Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and...
Fire at Decades-Old Maryland Tavern Caused $500K in Damage
Feb 15 2018 // Firefighters say a blaze at a decades-old Maryland tavern in a Washington, D.C. suburb has caused damage costing roughly $500,000. Pete Piringer with Montgomery County Fire & Rescue Service tells WTTG-TV it appears the...
Widespread Market Firming Unlikely Even as Property Rates Rise: WTW
Feb 15 2018 // Commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017’s record catastrophes; however, abundant capacity in the form of traditional and alternative...
Tennessee Insurance Consumer Complaints Down Slightly in 2017
Feb 15 2018 // Insurance complaints decreased again in 2017 and remained last of the top 10 consumer complaint categories, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs. The...
Texas Sees Increase in Auto Fatalities in 2017
Feb 13 2018 // More than 3,700 people were killed on Texas roadways last year marking a 10 percent increase in traffic deaths from 2016, according to data from the Texas Department of Transportation. The Insurance Council of Texas...
Liberty Specialty Markets’ French Operation to Expand Product Range, Increase Team
Feb 12 2018 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its French operation and increase the size of its team. It will also make a series of investments...
State Forestry: New Mexico Could See Worst Fire Season in Decade
Feb 12 2018 // New Mexico State Forestry officials say they already are anticipating an aggressive fire season, as 70 percent of the state is facing severe drought. KRQE-TV reports Forestry Division Official Greg Hesch says conditions...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
A.M. Outlook Revised to Positive for Grinnell Mutual Reinsurance, Subsidiary
Feb 8 2018 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a”...
