Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Kansas Workers’ Comp Rates to Decrease in 2018
Oct 16 2017 // Kansas Commissioner of Insurance Ken Selzer announced that workers’ compensation insurance rates on average will drop in his state in 2018. The National Council on Compensations Insurance Inc. (NCCI) filing for the...
Gov. Brown Signs Bill that Could Energize Insurance Markets
Oct 16 2017 // Given the far-reaching nature of some of the bills that Gov. Jerry Brown signed into law in recent weeks, it’s no surprise that a relatively minor tweak to the insurance code didn’t muscle its way onto the...
Idaho Workers’ Comp Rates to Decrease for 2018
Oct 16 2017 // The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 5.8 percent percent to workers’ compensation insurance. The decrease is to...
Cincinnati Financial Corp. Says Q3 Cat Losses Could Rise to $114M
Oct 13 2017 // Cincinnati Financial Corp. has announced that the Cincinnati Insurance Companies’ property/casualty group expects its third-quarter results to include pretax catastrophe losses of approximately $102 million to $114...
Lloyd’s Outlook Is Negative on Hurricane Losses; Ratings Affirmed: S&P
Oct 13 2017 // S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit...
Losses from California Wildfires Could Reach up to $6 Billion, Experts Say
Oct 12 2017 // This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting,...
Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks
Oct 12 2017 // The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to...
Future of Drone Industry Clouded by Panel’s Failure to Agree on Security
Oct 11 2017 // A panel of industry and law enforcement officials couldn’t agree on how civilian drones should be tracked by authorities, adding uncertainty to the push for expanded commercial uses. The advisory committee,...
10 Critical Job Skills of the Future
Oct 10 2017 // The world sits on the precipice of the fourth industrial revolution, as a coming wave of disruptive technology in fields like artificial intelligence, machine learning, the mobile internet and 3-D printing remake entire...
Zurich Insurance ‘On Track’ to Cut $1.5B in Costs by 2019: News Report
Oct 9 2017 // Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on...
A.M. Best Revises Outlook to Positive for Insurance Company of the West
Oct 6 2017 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Insurance Company of the West and its...
Head of Texas’ Harvey Recovery Effort Says Agents Need to ‘Step Up’ on Damage Claims
Oct 6 2017 // The insurance industry in Texas is not happy with the state’s so-called Hurricane Harvey recovery czar. Texas A&M University Chancellor John Sharp, who was named by Gov. Greg Abbott to lead the Commission to...
Q3 2017 Likely to Be One of Costliest for Natural Disasters: Aon Report
Oct 6 2017 // The third quarter of 2017 is likely to break a new record as one of the costliest quarters for natural catastrophes, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “The...
Future Reports to Include Both Private, Public Flood Insurance Loss Estimates
Oct 6 2017 // Beginning with Hurricane Harvey, the private sector Property Claim Services will publish aggregate flood loss information supplied by the federal government’s National Flood Insurance Program (NFIP). Historically,...
Workers’ Comp Costs and Benefits Decline as a Share of Payroll: Study
Oct 4 2017 // Workers’ compensation employer costs as a share of payroll declined in 2015, reversing a four-year trend, and benefits as a share of payroll fell for the fourth straight year, according to a new report from the...
More Economic Growth Ahead for Midwest: Survey
Oct 4 2017 // A monthly survey of business leaders released on Oct. 2 suggests that economic conditions are still improving for nine states in the Midwest or Plains. The Mid-America Business Conditions Index rose to 58.2 in September,...
Florida’s Tower Hill Prime Gets Revised Outlooks to Negative From A.M. Best
Oct 4 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and Long Term Issuer Credit Rating of “a-” of Tower Hill Prime Insurance Co.,...
Driver Concerns Over the Future of Autonomous Vehicles: AIG Study
Oct 3 2017 // Safety of the vehicles, including the risk of hacking, are key concerns when it comes to autonomous vehicles, according to a study by American International Group, Inc. on the whether or not Americans accept or reject...
Idaho Workers’ Comp Rates to Decrease for 2018
Oct 2 2017 // The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 5.8 percent percent to workers’ compensation insurance. The decrease is to...
Supreme Court to Decide Future of Workers’ Class Action Suits Against Employers
Oct 2 2017 // The U.S. Supreme Court kicks off its new nine-month term on Monday with a major employment case that could deprive workers of the ability to join together to file lawsuits when taking on companies over a wide range of...
