Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Illinois’ Cost per Workers’ Comp Claim Trending Down
May 15 2017 // The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation...
Michigan Workplace Fatalities Rise in 2016
May 15 2017 // A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration...
Louisiana Worker’ Comp Rates Are Down, but Costs per Claim Growing
May 15 2017 // Workers’ compensation rates decreased statewide in Louisiana on May 1 by 9.8 percent, marking the fourth year in a row rates have dropped in that state, according to insurance regulators. In January, the Louisiana...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes
May 15 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
How a Border-Adjustment Tax Would Hurt Louisiana’s Insurance Market
May 12 2017 // Louisiana already has some of the highest property insurance rates in the nation. But they could creep higher still—an estimated $1.11 billion higher over the next decade—should congressional tax-reform efforts limit...
Medical Professional Insurance Market in Good Health for Now: A.M. Best
May 12 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
Texas’ State National Companies: Revenues Up in Q1 2017
May 11 2017 // State National Companies Inc., a Bedford, Texas-based specialty provider of property/casualty insurance services, reported an 18 percent increase in total revenues for the first quarter ended March 31, 2017. The company...
Transamerica Owner Aegon’s Profits Up; Shares Drop on Solvency Concerns
May 11 2017 // Aegon, the Dutch insurer that does most of its business in the United States, on Thursday reported first-quarter net income of 378 million euros ($411 million), helped by the performance of its investment...
Insurance Sector Set to Overtake Banking in Switzerland
May 11 2017 // Switzerland’s financial center is in the midst of a power shift. The Alpine country’s less fashionable insurers, long overshadowed by glamorous private banks around Zurich’s posh Paradeplatz and Lake...
Startup Lemonade Enters California Homeowners, Renters Insurance Markets
May 10 2017 // Insurance startup Lemonade is now selling homeowners and renters insurance in California. California marks the third state of entry for the insurtech that is built on artificial intelligence and behavioral economics. It...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
Indiana Injured Worker Benefits Rise, but Per Claim Cost Still Low
May 8 2017 // Income benefits paid to Indiana’s injured workers through workers’ compensation claims rose nearly 5 percent between 2014 and 2015, a Workers Compensation Research Institute (WCRI) study found. “The...
Cost of Workers’ Comp Claim Down in Illinois but Still High: WCRI
May 5 2017 // The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation...
Study Warns of Rising Risk to Mobile Homes from Tornadoes
May 5 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
Full-Fledged El Nino Increasingly Likely in Second Half 2017
May 5 2017 // El Nino conditions are developing across the Pacific with an increasing probability that a full-fledged El Nino episode will occur during the second half of 2017. Pacific equatorial winds have slackened since the start of...
California Insurer Groups and Insurance Department Battle over Auto Repair Survey Bill
May 3 2017 // A California bill that could affect auto repair costs is making its way through state Legislature, and one group that’s happy about that is the Association of California Insurance Companies. ACIC is one of several...
Most Commercial Insurance Premiums Up in April: IVANS Index
May 3 2017 // Most standard commercial lines products saw an uptick in premiums at renewal in April, with workers’ compensation being the main exception, according to the IVANS Index. Business owners and commercial property...
Mexico Auto Thefts Surge in Ominous Trend for Insurers
May 3 2017 // Auto-theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the stolen cars. In March, the number of auto thefts rose 21 percent from the same month a year earlier,...
Allianz Q1 Net Income Down 15.3% to $2B – in Line with 2017 Profit Goal
May 3 2017 // German insurer Allianz is optimistic about its prospects despite a very tough business environment, the German insurer said on Wednesday as it posted a slightly better than expected first-quarter profit. “We are...
