Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years
Aug 21 2018 // Ping An Insurance Group Co of China , the country’s largest insurer by market value, on Tuesday reported its biggest half-yearly profit in at least a decade on robust customer growth. The results underline strength...
As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.
Aug 20 2018 // Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study...
TWIA Requests 10% Rate Increase; Approves $106.8M Assessment for Harvey Losses
Aug 20 2018 // The board of directors of the Texas Windstorm Insurance Association voted at its recent quarterly meeting to raise rates for residential and commercial properties by 10 percent next year, while acknowledging a rate...
Report: Years of Neglect at Fault in New Orleans’ 2017 Floods
Aug 20 2018 // Outside consultants fault New Orleans officials’ long-term neglect of the city’s failing drainage system for widespread flooding last summer. An ABS Group report, commissioned as a “root cause...
Pennsylvania Warns Consumers, Insurers About Rising National Auto Theft Rates
Aug 20 2018 // Pennsylvania Insurance Commissioner Jessica Altman has reminded drivers to take precautions to prevent auto theft, as a recent report shows the rate of car theft nationally rose by more than four percent in the first half...
Best Revises Outlook for NITIC of South Carolina
Aug 20 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 B++ (Good) and the Long-Term ICR of “bbb” of...
North Carolina Insurance Fraud Round-Up
Aug 20 2018 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of July. Details of the incidents, as reported by NCDOI, are as follows: Monroe Man Charged with Fraud Gary Miller of...
Engineering Study Last Year Warned Operator About Stability of Genoa Bridge: Reports
Aug 17 2018 // An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a bridge that collapsed this week in Genoa, two Italian newspapers...
Experts: Cost of Hail Damage Will Continue to Rise
Aug 16 2018 // Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke...
Global Insured Catastrophe Losses Decline to $20 Billion in H1: Swiss Re
Aug 16 2018 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On...
New Hampshire Workers’ Comp Rates May Decrease for Seventh Year in a Row
Aug 16 2018 // New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the loss costs insurers use to develop prices. The National Council on Compensation Insurance...
Risk of ‘Chaotic’ No-Deal Brexit Increasing: UK Foreign Minister Hunt
Aug 15 2018 // The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday. “Everyone needs to...
Build vs. Buy an Agency: Organic Growth in Rising Interest Rate Environment
Aug 14 2018 // Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play...
Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh
Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases...
CCC to Host Webinar on Technology Change Agents and the Future of Auto Insurance
Aug 10 2018 // Join CCC Industry Analyst Susanna Gotsch and Jason Verlen, SVP Product Management on Wednesday, August 15th. Chicago, IL, August 10, 2018– CCC Information Services Inc. (CCC) announced today that executives from the...
Report Faults Years of Neglect in New Orleans’ 2017 Floods
Aug 8 2018 // Outside consultants fault New Orleans officials’ long-term neglect of the city’s failing drainage system for widespread flooding last summer. Through a public records request, The New Orleans Advocate obtained...
North Carolina Insurance Fraud Round-Up: July
Aug 7 2018 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of July. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017
Aug 6 2018 // This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year
Aug 6 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported. Total premium in Texas stood at $3.06 billion as of June...
‘Obamacare’ Premiums to Decrease in Louisiana Next Year
Aug 3 2018 // Many Louisianans with health insurance through the Affordable Care Act’s individual exchange are set to see premiums drop. The Advocate of Baton Rouge reports premiums are expected to drop by an average of 6.9...
