Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Britain to Lose Out on 10,000 Finance Jobs in First Wave of Brexit Reaction: Reuters Survey
Sep 18 2017 // Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of...
Florida Workers’ Comp Premiums Going Down?
Sep 18 2017 // Just under a year since Florida workers’ compensation rates shot up by 14.5 percent, Florida businesses may get some relief in their workers’ comp premiums. The National Council on Compensation Insurance (NCCI)...
NCCI Files 12% Decrease for Tennessee Workers’ Comp Loss Costs
Sep 18 2017 // Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced in August that the National Council on Compensation Insurance (NCCI) is...
P/C Direct Premium Written Up 4.5 Percent
Sep 18 2017 // 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,...
California Worker’s Comp Insurer Written Premium Down 4% in First Half of 2017
Sep 15 2017 // The Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through June 30. The major findings of the report include: California...
Munich Re Embraces Driverless Future with Mobileye Fleet Product
Sep 13 2017 // Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the...
New Hampshire Workers’ Comp Rates May Decrease for Sixth Year in a Row
Sep 12 2017 // New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the rates and loss cost factors insurers use to develop prices. This move would mark the...
Future of State Auto Insurance Group’s E&S Business Under Review
Sep 8 2017 // Columbus, Ohio-based State Auto Insurance Group (State Auto) is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto has a market...
Multi Award-Winning Telematics Company, The Floow, Brings Unique Coaching and Reward Services to the US Insurance Market
Sep 8 2017 // Sheffield, UK, September 8, 2017- Insurance telematics innovator, The Floow, is bringing its industry leading approach to the US market with the launch of its unique FloowCoach program and Rewards Services App at Connected...
NCCI Files 12% Decrease for Tennessee Workers’ Comp Loss Costs
Sep 8 2017 // Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced this week that the National Council on Compensation Insurance (NCCI) is...
Sanlam Says South African Political Turmoil to Dampen Domestic Business Outlook
Sep 7 2017 // Sanlam Ltd., the largest South African-based insurer, said prospects for its domestic business will remain muted for the rest of this year and into 2018 as political uncertainty knocks confidence and markets. Political and...
Fire Risk Rating Decreases for Georgia’s Peach County
Sep 6 2017 // Authorities say a Georgia county’s fire risk rating is dropping, which may mean lower insurance premiums for some. The Telegraph of Macon reports that a release from the Peach County Fire Department says the new...
Increasing Competition, Flat Exposures Put Drag on Surplus Lines: A.M. Best
Sep 5 2017 // For a second consecutive year, underwriters of surplus lines insurance in the United States generated just modest growth in direct premium of 2.8 percent in 2016, according to a new A.M. Best special report. Surplus lines...
Pre-Monte Carlo Outlook: Reinsurance Rates to Drop Up to 7.5% Despite Harvey
Sep 5 2017 // Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, which help insurers...
Oklahoma Workers’ Comp Commission Report Shows a 30% Drop in Premium Costs Since 2013
Sep 4 2017 // Oklahoma’s workers’ compensation system seems to have benefited from reforms that were initiated in 2013, at least in terms of premium costs for businesses. By the end of 2016, employers in Oklahoma had seen a...
Middle Market Growth Spells Opportunity for California’s Insurance Community
Sep 4 2017 // The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report from American Express and Dun...
Report: Written Premiums for California Comp Insurers to Be Flat Through 2017
Sep 4 2017 // Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the...
Breaking the Silence: Cyber Physical Cat Models Emerging
Sep 4 2017 // A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn’t seem like the obvious description of the final stages of a cyber attack. But the...
WSIA: Past, Present and Future
Sep 4 2017 // The wholesale, specialty and surplus lines market is healthy and stable with a bright future. Proof of this can be found in recent quantitative analysis like A.M. Best’s 2017 Special Report on U.S. Surplus Lines, as...
