Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Needs of Flood-Damaged Small Businesses in Louisiana Sought in Survey
Aug 7 2017 // Louisiana’s flood recovery program is trying to determine the needs of flood-damaged companies by asking small businesses to fill out a statewide survey. The small business survey is expected to take about 10 minutes...
Future of Job-Based Health Insurance Seems Secure
Aug 7 2017 // Are employees worried about losing their health insurance from their employer? The ongoing political turmoil around “Obamacare” all but guarantees they’ll still be able to do that. Ask Walt Rowen, whose...
5 Companies Agree to Fill Gaps in Ohio’s Individual Health Insurance Market
Aug 7 2017 // Five health insurance companies in Ohio, including Molina Healthcare Inc., have stepped up to sell health plans in 19 counties that would have been without Obamacare individual coverage in 2018, the state’s insurance...
Top 25: P/C Direct Premium Written Up 4.8 Percent
Aug 7 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,...
Surplus Lines Insurance Premium Up Nationwide
Aug 7 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
Insurers Respond to Rising Claims Abuse
Aug 7 2017 // Whenever severe weather strikes and there is property damage, insurers are among the first responders to help throughout the recovery process. However, in too many cases, some shady contractors, public adjusters and...
California Earthquake Authority Policy Sales up 5.4% in 2Q from Year Ago
Aug 7 2017 // Californians may be getting the idea that they live in earthquake country. That’s the underlying message that can be found in the latest figures out from the California Earthquake Authority. The CEA, a...
A.M. Best Revises Outlook to Negative for New York’s Country-Wide
Aug 7 2017 // A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength...
AIG Joins Other Insurers in Moving Away from Financial Forecasts
Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...
Commercial Lines Insurance Renewal Rates Continued Rising in July: IVANS
Aug 2 2017 // In July 2017, premium renewal rate change for the majority of standard commercial lines products remain in positive territory. Workers’ compensation was the one product that trended negatively, dipping below -1.00...
CNA Reports ‘One of Best Quarters’ in Decade in Q2
Aug 1 2017 // CNA Financial Corp. saw its second quarter net income climb at a robust clip and catastrophe losses along with its combined ratio shrink. Chairman and CEO Dino Robusto said the results were better than the...
California Earthquake Authority Policy Sales up 5.4% in 2Q from Year Ago
Jul 31 2017 // Californians may be getting the idea that they live in earthquake country. That’s the underlying message that can be found in the latest figures out from the California Earthquake Authority. The CEA, a...
Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days
Jul 28 2017 // The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting...
Allianz Q2 Profit Rises 23% on Restructuring, Fewer Disaster Claims
Jul 27 2017 // As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9...
Surplus Lines Insurance Premium Up Nationwide
Jul 26 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
UK to Ban Sales of Fossil Fuel Powered Cars by 2040 to Cut Air Pollution
Jul 26 2017 // The UK became the latest European country to mark the end of the line for diesel and gasoline fueled cars as automakers such as Volvo race to build electric vehicles or face the consequences of getting left behind. In...
UK Faces Future of Record-Breaking Wet Winters, Floods: New Climate Models
Jul 24 2017 // Britain faces a future of record-breaking wet winters, potentially leading to more of the widespread flooding seen in recent years, according to new modeling that incorporates changing climate patterns. England and Wales...
Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise
Jul 24 2017 // Most leading legal malpractice insurers saw claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds while the number of malpractice claims...
How to Succeed in a Soft Insurance Market
Jul 24 2017 // It’s no secret that the insurance marketplace right now is extremely soft. The amount of capacity in the industry continues to rise as new entrants are coming into the market or existing carriers are either opening...
Nonstandard Auto Market Continues to Fall; Sector Posts Worst Loss Ratio in Decade: A.M. Best
Jul 24 2017 // Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, deteriorating highway...
