Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Report: California Wage Increase Will Require Hike in 2018 Comp Benefits
Jun 14 2017 // California’s State Average Weekly Wage rose more than 3.6 percent to $1,206.92 in the year ending March 31, which the California Workers’ Compensation Institute said will boost temporary total disability and...
Issuer Credit Rating Outlook for Wisconsin County Mutual Group Downgraded
Jun 14 2017 // A.M. Best says it has revised the outlook to negative from stable for the long-term issuer credit ratings (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICRs of...
Protectionism, Cloud Accumulation, Water Stress Among 20 Emerging Risks Facing Insurance Industry: Swiss Re
Jun 13 2017 // Reduced market access, regulatory fragmentation, the return of inflation and cloud risk accumulation pose the largest challenges with the highest downside risk potential in the short term, according to experts at Swiss...
Miami Neighborhood Considers Relocating Homes Amid Sea Rise Concerns
Jun 13 2017 // A mainland Miami neighborhood prone to regular flooding from high tides and storms could be relocated amid preparations for rising seas under one scenario being studied by local officials. Government officials in South...
Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook
Jun 8 2017 // South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this...
S&P Revises AIG Outlook to Negative Citing Commercial Lines Challenges
Jun 7 2017 // Ratings agency Standard & Poor’s has revised its rating outlook to negative from stable for American International Group (AIG). The move came despite AIG recently hiring a new CEO, Brian Duperreault. At the same...
Cyber Liability Sales Show More Growth, Price Stability: Report
Jun 5 2017 // Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines...
Research Finds New Hampshire Seacoast Roads Under Rising Sea Level Threat
Jun 2 2017 // Research out of the University of New Hampshire has found that some roads, as far as two miles from the shore, are facing a new hazard that currently cannot be seen by drivers – rising groundwater caused by...
All Commercial Lines Rates, Even Workers’ Compensation, Up in May: IVANS Index
Jun 1 2017 // The May IVANS Index shows that for the first time in several months, premium renewal rates in all major commercial insurance lines are in positive territory. Notably, May is the first time in 2017 that workers’...
Coastal Texans Concerned About Rising Sea Levels Amid Hurricane Threats
May 31 2017 // Lalo Ojeda has lived with hurricanes all his life. The Houston Chronicle reports he was 14 when Hurricane Carla inundated Galveston Island in 1961. He evacuated as Hurricane Rita barreled toward the coast in 2005, then...
State of the P&C Insurance Industry 2017 Report-Chris Burand
May 30 2017 // San Diego, CA, May 30, 2017- Highly respected and outspoken insurance agency and industry consultant Chris Burand shares his “must-read” annual state of the property/casualty insurance industry report with his...
Cyber Insurance Market Growing More Slowly Than Expected: Allianz
May 26 2017 // The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of...
NOAA Updates Forecast for Atlantic Hurricane Season, Pacific’s El NIno
May 26 2017 // The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the six-month season that begins...
Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.
May 25 2017 // Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The...
A.M. Best: Outlook Stable for MGA Insurance in Dallas
May 24 2017 // A.M. Best has revised the long-term issuer credit rating (long-term ICR) outlook to stable from positive and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb” of MGA...
Rhode Island Insurance Agents Have New Coastal Insurance Market
May 24 2017 // Independent insurance agencies in Rhode Island have a new market for coastal homes – Spinnaker Insurance Company. Spinnaker’s New England distributor, Insurance Agency and Customer Service Company (IACSC) of...
Insured Losses for Europe’s Windstorm Thomas Rise to $279.2M: PERILS
May 23 2017 // The latest property insured loss estimate for Windstorm Thomas, which on Feb. 23-24 hit the British Isles, the Netherlands, Belgium and Germany, is €249 million (US$279.2 million), according to PERILS, the independent...
Cyber Insurance Sales Continue to Grow, Prices Stabilize, Brokers Report
May 23 2017 // Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines...
Weather Co. Updates Atlantic Hurricane Season Forecast
May 22 2017 // In its second seasonal tropical forecast for the North Atlantic basin for the 2017 season, IBM’s The Weather Co. said it now expects a total of 14 named storms, seven hurricanes, and three major hurricanes, a slight...
Crewless Ships: Safer, Faster, Cleaner, Cheaper Future of Shipping – Opinion
May 22 2017 // It sounds like a ghost story: A huge cargo vessel sails up and down the Norwegian coast, silently going about its business, without a captain or crew in sight. But if all goes as planned, it’s actually the future of...
