Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Commercial Insurance Prices Rise in Q4 2017, Reversing 4½ Years of Rate Cuts: Marsh
Feb 28 2018 // Average global insurance pricing in the fourth quarter of 2017 increased for the first time since Q1 2013, driven largely by global property insurance pricing following the third quarter’s large catastrophe losses,...
Avoiding Post-Brexit Chaos in Insurance Market Is Top Concern of Bank of England
Feb 27 2018 // Avoiding chaos in the insurance market due to Britain’s European Union exit is a top Bank of England priority and making sure cross-border contracts continue to pay out after Brexit is a major concern, its deputy...
Outlooks Revised to Positive for Louisiana Farm Bureau Mutual
Feb 26 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Louisiana Farm Bureau Mutual...
D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends
Feb 26 2018 // Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as...
Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey
Feb 26 2018 // Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and over-regulation, according to...
Records: Corps Failed to Release Harvey Flood Prediction to Public
Feb 23 2018 // The U.S. Army Corps of Engineers predicted ahead of Hurricane Harvey’s arrival that reservoirs in Houston would fill to record levels, flooding adjacent neighborhoods, but never shared the concern with the public,...
Survey: Minnesota’s Jump in Uninsured Led by Drop in Private Coverage
Feb 22 2018 // The number of Minnesota residents without health insurance jumped by 116,000 in the past two years, the state Department of Health said. A biennial survey by the department and the University of Minnesota School of Public...
XL Catlin Names Thyme as Director of Emerging Markets Development
Feb 22 2018 // XL Catlin has appointed Claudia Thyme to the role of director, Emerging Markets Development. In this role, Thyme will contribute to XL Catlin’s emerging market strategies, with a particular focus on Latin...
UK’s RSA Insurance Posts Above-Forecast Profit of $920.2M in 2017
Feb 22 2018 // Even higher payouts for RSA shareholders are likely in 2018, chief executive Stephen Hester said on Thursday after the company posted an above-forecast 2017 operating profit and boosted its dividend by 23 percent. Analysts...
Bipartisan Momentum Building in Congress for Cryptocurrency Regulations
Feb 22 2018 // Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers...
Report: MTA Knew Baltimore Metro Violated Standards in 2016
Feb 21 2018 // A Maryland Transit Administration report says the agency knew Baltimore Metro’s subway rails didn’t meet safety standards in 2016, more than a year before it declared an emergency shutdown. The Baltimore Sun...
Atlas General Insurance Services Expands Property Capabilities with Increased Limits and Capacity
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
Attorney, Vendor AOB Lawsuits Top Insurance Litigation in 2017: FJRI Report
Feb 20 2018 // Litigation from the abuse of assignment of benefits by third parties represented more than half of all Florida insurance litigation in 2017, and without a legislative fix those fueling the abuse will continue to get rich...
Duke Energy, North Carolina Coal Ash Neighbors End Dispute Over Future Claims
Feb 19 2018 // Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas reported. U.S. surplus line premium...
Insurance Journal’s Agency Salary Survey
Feb 19 2018 // Total compensation for insurance agency management, owners, principals and support staff were up in 2017, while total comp for producers declined just slightly over the year before. That’s according to the 2018...
P/C Direct Premium Written Up 4.7 Percent
Feb 19 2018 // 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,...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
Insurance Industry Trends for 2018: A Top 5 Countdown
Feb 19 2018 // Bring up the insurance industry as fodder for cocktail party conversation, and the universal response is oftentimes a collective yawn. But for those in the know, the insurance sector — with a domestic surplus...
Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft
Feb 16 2018 // Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and...
