Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Declined in Recent Years
Sep 28 2017 // In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to a study of home insurance trends. The six-year LexisNexis Risk Solutions...
Fire in Utah City Isn’t Expected to Drive up Insurance Rates
Sep 26 2017 // Insurance rates aren’t expected to go up in Ogden neighborhood where a wildfire destroyed three homes and caused the evacuations of hundreds. But authorities are warning the residents to be on high alert for...
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook
Sep 25 2017 // S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The rating on ORESA is based on an explicit guarantee provided by...
Unemployment Is Top Business Risk, Says WEF Survey, Published by Zurich, Marsh
Sep 21 2017 // Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday. The company executives put unemployment or underemployment as the top risk...
‘Future-Proofing’ Texas a Political, Bureaucratic Challenge for Harvey Recovery Czar
Sep 18 2017 // The man tasked with overseeing Texas’ Hurricane Harvey rebuilding efforts sees his job as “future-proofing” before the next disaster, but he isn’t empowered on his own to reshape flood-prone Houston...
Employers Expect Above-Average Rise in Cost of Employee Benefits in 2018: Mercer Survey
Sep 18 2017 // Employers expect that their average cost per-employee for health benefits will rise by 4.3 percent in 2018, which is above the average increase of 3 percent of the past five years. Early responses from Mercer’s...
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Britain to Lose Out on 10,000 Finance Jobs in First Wave of Brexit Reaction: Reuters Survey
Sep 18 2017 // Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of...
Florida Workers’ Comp Premiums Going Down?
Sep 18 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)...
NCCI Files 12% Decrease for Tennessee Workers’ Comp Loss Costs
Sep 18 2017 // Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced in August that the National Council on Compensation Insurance (NCCI) is...
P/C Direct Premium Written Up 4.5 Percent
Sep 18 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,...
California Worker’s Comp Insurer Written Premium Down 4% in First Half of 2017
Sep 15 2017 // The Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through June 30. The major findings of the report include: California...
Munich Re Embraces Driverless Future with Mobileye Fleet Product
Sep 13 2017 // Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the...
New Hampshire Workers’ Comp Rates May Decrease for Sixth Year in a Row
Sep 12 2017 // New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the rates and loss cost factors insurers use to develop prices. This move would mark the...
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...
