Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida’s Citizens Moves on From 2017, Expects Policy Count Growth in 2018
Jan 8 2018 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
California Reports 2016 Fatal Occupational Injuries Down
Jan 8 2018 // The California Department of Industrial Relations is reporting that 376 Californians died on the job in 2016, down slightly from the 388 deaths in 2015. A review of the past 12 years indicates that workplace fatalities in...
Number of Licensed Insurance Agencies in Arkansas Grew 4% in 2017
Jan 5 2018 // Arkansas in 2017 had a 4 percent rise in the number of licensed insurance agencies compared with the previous year, the Arkansas Insurance Department (AID) reported. In an announcement released by the AID, Arkansas...
Catastrophe Bond Issuance Tops New Record of $10.5B in 2017: Verisk Report
Jan 5 2018 // Catastrophe bond issuance surpassed $10.5 billion in 2017 – a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are significantly higher...
Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS
Jan 5 2018 // The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based...
Telematics CEO: 5 Trends to Watch in 2018 in Auto Insurance
Jan 5 2018 // Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for UBI, 2018 will break the...
North Carolina Vehicle Thefts On the Rise After 10-year Decline
Jan 5 2018 // Vehicle thefts are on the rise again in North Carolina after a decade-long decline. The State Bureau of Investigation says 15,007 vehicles were stolen in North Carolina in 2016. That was nearly 4,000 more stolen vehicles...
2017 Texas Surplus Lines Premium Up 6.5% over Previous Year
Jan 3 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). These numbers represent a 6.5 percent...
Police Identify Seven More Victims of NYC’s Deadliest Fire in Decades
Jan 3 2018 // Police have released the identities of an additional seven victims of New York City’s deadliest fire in decades, including a 7-month-old baby girl who was among the dozen people who lost their lives. Authorities also...
Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
Entering 2018, Americans More Focused on Financial Health Than Physical Wellness: Allianz Survey
Dec 29 2017 // Looking ahead to the new year, more than a third of Americans (36 percent) believe another major recession may be in the cards for 2018, according to the 9th annual New Year’s Resolution Survey from Allianz Life...
California Reports 2016 Fatal Occupational Injuries Down
Dec 27 2017 // The California Department of Industrial Relations is reporting that 376 Californians died on the job in 2016, down slightly from the 388 deaths in 2015. A review of the past 12 years indicates that workplace fatalities in...
Outlooks Revised to Positive for Missouri Valley Mutual Insurance
Dec 21 2017 // 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 Rating (Long-Term ICR) of “bbb-” of Missouri Valley...
Employers, Workers’ Compensation Carriers Eye Trend in Telehealth: Telerehab
Dec 21 2017 // Though employers and workers’ compensation insurers have been utilizing telemedicine for quite some time, there’s been a recent uptick in interest surrounding virtual physical therapy, also known as...
Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade
Dec 20 2017 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Florida Approves Statewide Homeowners Rate Increase of 6.6% For Citizens
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
6 Industry Trends to Exploit for 2018
Dec 18 2017 // To prepare for the future, business owners need to observe what trends are occurring and then evaluate how those trends could impact their business. It is a guessing game, but an educated guess is usually proven to be...
Texas Regulators Say Workers’ Comp Costs Down 63% Since 2005
Dec 15 2017 // More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation...
Winds Kick up Fire Threat from California Wildfires
Dec 15 2017 // Dry, gusting winds are aggravating fire worries across much of central and western California, including those areas where infernos are still raging and places that were scorched in October, the U.S. Storm Prediction...
A.M. Best Revises Outlooks to Negative for Crusader Insurance in California
Dec 14 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Crusader Insurance Co. Additionally,...
