Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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,...
A.M. Best Upgrades Outlooks for Petroleum Marketers Management Insurance
Dec 13 2017 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating “a-” of Des Moines, Iowa-based Petroleum Marketers...
Economist: Hurricane Harvey’s Impact Will Guide Future Development in Houston
Dec 11 2017 // A Houston business group said on Dec. 8 that Hurricane Harvey’s biggest long-term impact on the nation’s fourth-largest city likely will be on where and how new homes and structures are built. The results of...
Illinois Sees Growth in Medical Payments per Workers’ Compensation Claim
Dec 8 2017 // Medical payments per workers’ compensation claim in Illinois grew 3.1 percent per year on average from 2012 through 2015, according to a recent study by the Workers Compensation Research Institute (WCRI). In all,...
A.M. Best Revises Outlooks to Negative for California Mutual Insurance Co.
Dec 7 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 Rating of “a-” of California Mutual Insurance Co. The...
Growth in U.S. Healthcare Spending Slowed in 2016: CMS
Dec 7 2017 // In 2016, overall growth in national spending on healthcare slowed in 2016, increasing 4.3 percent following 5.8 percent growth in 2015, according to a report by actuaries with the Centers for Medicare & Medicaid...
Tennessee Community Devastated by Fires Doubtful Climate Change Poses Future Risk
Dec 7 2017 // Bob Bentz had just installed underground utility lines and paved a new road when wildfires roared through the eastern Tennessee treetop canopy he wanted to transform into a $30 million adventure park. A year later, after...
Florida Approves 6.6% Statewide Homeowners Rate Increase for Citizens
Dec 7 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...
As China’s Financial Sector Opens, Acute Talent Shortage Could Hinder Growth
Dec 6 2017 // In the last two years, more than 30 global asset managers have been awarded licenses to set up wholly-owned units in China as they sought a share of the country’s $1.5 trillion private fund management market. Yet...
Study: North Texas Quakes Spurred on Faults Dormant for 300M Years
Dec 4 2017 // Earthquakes that have swarmed North Texas in recent years occurred on faults awakened by human activity after they had been dormant since dinosaurs roamed the area, according to a new university study. There have been...
Global Commercial Insurance Rates Decrease Again: Marsh
Dec 4 2017 // Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter of 2017 (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according...
Surplus Lines Premium Up for the Year in Texas
Dec 4 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over the same period in 2016, according to the Surplus Lines Stamping Office of Texas (SLTX). At the annual...
Small Businesses Want More Self-Service Workers’ Comp Tools: Survey
Dec 4 2017 // Nearly a quarter (23 percent) of America’s small business owners believe workers’ compensation carriers could improve their customer service if they offered more online or self-service tools. Better...
Rate Increases Approved for Texas Automobile Insurance Plan Association
Dec 4 2017 // Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the...
GM Plans Fleets of Autonomous Robo-Taxis by 2019
Dec 1 2017 // General Motors Co. laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a...
