Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA
Jan 25 2018 // The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the...
Participate in Insurance Journal’s Annual Agency Salary Survey
Jan 25 2018 // The deadline to participate in Insurance Journal’s annual Agency Salary Survey is approaching fast – participate by Feb. 2 to receive a complimentary copy of the survey results. ALL retail agency owners,...
January Renewals Saw Rate Hikes of Up to 5%, with More Expected: S&P
Jan 25 2018 // Global reinsurance pricing in aggregate was flat to up about 5 percent during the January 2018 renewals, and more price hikes can be expected in loss-affected areas during the year, according to S&P Global...
Lowdown: Agribusiness Insurance Costs on the Rise?
Jan 24 2018 // This week’s Lowdown focuses on the rise in frequency, complexity and severity of vehicular accidents within the agribusiness industry. Scenarios highlighted and steps outlined to reduce risk within What’s...
In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market
Jan 23 2018 // In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He...
Report: West Virginia Controlled Substance Dispensing Down 11.7% in 2017
Jan 23 2018 // A West Virginia board report says state pharmacies dispensed 31 million fewer controlled substances last year, a trend the board’s acting chief says is due to heightened awareness about prescription medication...
Ratings Outlooks Revised to Positive for South Dakota Insurer
Jan 22 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF)...
Banker Survey Suggests Midwest, Plains Economy Still Lags in Rural Areas
Jan 22 2018 // Declining numbers in a new monthly survey of bankers suggests the economy remains weak in rural parts of 10 Plains and Western states. The overall economic index for the region dropped to 46.8 this month, compared with the...
California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?
Jan 22 2018 // Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that premium. That’s according to Ben...
Texas Surplus Lines Premium Up by 66% in 10 Years
Jan 22 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). The numbers represent a 6.5 percent growth...
Rates for Commercial Lines Up Slightly in Q4: IVANS
Jan 22 2018 // The IVANS Index of premium rate renewals for the fourth quarter showed a slight rise in the average rate change across commercial auto, business owners, general liability, and commercial property compared to Q3, but a drop...
For First Time in 7 Years, Outlook Improves for Commercial Lines: A.M. Best
Jan 22 2018 // Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
North Carolina Rejects Proposed 18.7% Homeowners Rate Increase
Jan 22 2018 // The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the...
Kentucky Highway Deaths Decreased in 2017
Jan 19 2018 // Kentucky has recorded a decrease in highway fatalities for the first time since 2013. The Lexington Herald-Leader reports that the Kentucky Office of Highway Safety says initial numbers show 770 highway-related deaths in...
A.M. Best: Ratings Outlooks Negative for Texas-Based Standard Casualty
Jan 18 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Standard Casualty Co. (Standard...
Business, Political Leaders List Cyber Attacks, Geopolitical Tensions as Top Concerns: WEF Survey
Jan 18 2018 // The threat of large-scale cyber attacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to the top of the global elite’s list of concerns, the...
BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down
Jan 16 2018 // BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the Gulf of...
India’s Tata Consultancy Expects Growth in Insurance Sector
Jan 12 2018 // Tata Consultancy Services (TCS) Ltd, India’s top IT services firm, said its insurance services business would soon post faster growth thanks to higher client spending but remained cautious on a turnaround in its key...
