Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Analysis: 4 Things Houston Area Must Do to Prevent Future Flooding Disasters
Sep 1 2017 // An unprecedented amount of rain has fallen on the Houston area due to Hurricane Harvey, causing what’s likely the worst flooding event that the nation’s sixth-largest metropolitan area has ever experienced —...
Thousands of Harvey Victims Rescued; At Least 38 Deaths; Damage Survey Begins
Sep 1 2017 // Soldiers and police in helicopters and high-water trucks rescued thousands of Texans stranded by floodwater from Hurricane Harvey on Thursday, which has killed dozens of people and displaced more than a million others as...
Florida Workers’ Comp Premiums Going Down? NCCI Files for 9.6% Decrease
Aug 31 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)...
A.M. Best Revises Outlook to Negative for Pennsylvania’s Eastern Atlantic Insurance
Aug 31 2017 // A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic...
Global Study Finds No Increased Lung Cancer Risk for Hard Metal Workers
Aug 30 2017 // Workers in the hard metal industry are not at increased risk for lung cancer or any of 63 other potential causes of death, concluded the largest study on this population to date. The University of Pittsburgh Graduate...
Harvey Update: Trump Vows Model Recovery; Thousands Rescued; Deaths, Costs Increasing
Aug 29 2017 // With Texas still being lashed by rain and rescues still underway, President Donald Trump vowed that the government’s response to Hurricane Harvey would serve as a model for disaster recovery. “We want to be...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey
Aug 25 2017 // According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in...
California Workers’ Comp Medical Payments Per Claim Fell in 2016, Report Shows
Aug 24 2017 // Medical payments per claim in California’s worker’s compensation system dropped 9 percent in 2016 from two years prior, according to a report issued by the the Workers’ Compensation Insurance Rating...
