Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Pharmacy Cost in Workers’ Compensation Continues to Fall: CompPharma Survey
Nov 15 2017 // Workers’ compensation payers saw an average 11 percent reduction in their pharmacy spend in 2016, driven by a 13.3 percent reduction in opioid cost, according to an annual survey by pharmacy benefit manager...
Maine’s The MEMIC Group Hires Bialek to Support New York Market Growth
Nov 14 2017 // The MEMIC Group, a Portland, Maine-headquartered workers’ compensation specialist, has hired Tammy Bialek as senior production underwriter to support growth within the New York market. Bialek has more than 25 years...
As China’s Insurance Market Liberalizes, There Will Be Many Winners: Opinion
Nov 13 2017 // Foreign insurers, especially AIA Group Ltd., can break out the champagne: China’s opening of its financial markets is great news. The day after U.S. President Donald Trump left Beijing with billions of dollars of...
Florida Approves Workers’ Comp Rate Decrease of Nearly 10%
Nov 13 2017 // Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5 percent and premium level...
Starr Reaffirms Commitment to Singapore Insurance Market with Subsidiary SIIS
Nov 8 2017 // Starr Cos. reaffirmed its commitment to the Singapore insurance market, despite the fact it has decided to discontinue underwriting new business through the Starr Singapore Underwriting Agents, representing its...
Insurance Agents Regained Organic Growth Momentum in Q2: Reagan
Nov 7 2017 // Insurance agencies and brokerage firms reported that their organic growth rebounded to 4.6 percent in the second quarter of 2017, a reversal from the 3.9 percent reported in the first quarter, which was the weakest growth...
Gen Re Marks a Decade of Helping Wounded Warriors at San Antonio Event
Nov 6 2017 // For the past 10 years the Gen Re office in Dallas has been hosting a successful fundraising event in San Antonio for the Wounded Warriors organization. Soldiers who have been seriously wounded while serving in Iraq and...
New Insurance Lines Will Help Emerging Marijuana Market
Nov 5 2017 // The end of Prohibition in 1933 was greeted with celebrations, as newspapers slapped large-type headlines on their front pages declaring, for instance, that “Prohibition Ends At Last.” President Franklin Delano...
October Commercial Insurance Renewal Rates Up Except Workers’ Compensation: IVANS Index
Nov 3 2017 // In October, premium renewal rates were up for the majority of standard commercial lines products, with workers’ compensation remaining the major line where rates did not go up, according to IVANS Index that tracks...
Florida Orders Workers’ Comp Rate Decrease of 9.8%
Nov 2 2017 // Florida Insurance Commissioner David Altmaier has ordered a statewide overall workers’ compensation rate decrease of 9.8 percent, a slightly higher decrease than the 9.6 percent decrease filed by the National Council...
Aetna Keeps Quiet About Reported CVS Merger Talks; Net Income Rises 39%
Nov 1 2017 // U.S. health insurer Aetna Inc failed to provide any hints on reported merger talks with CVS Health Corp when discussing quarterly results on Tuesday and laid out obstacles to 2018 earnings growth, sending its shares...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch
Oct 30 2017 // Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce...
Insured Loss Estimates from California Wildfires Now up to $8 Billion
Oct 27 2017 // Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS. The firm now estimates the insured loss for the wildfires...
Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS
Oct 27 2017 // The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30, 2016 has risen to €208 million (US$244.4 million), according to PERILS, the independent...
Indiana Sees First in a Decade Decline in Medical Payments per Workers’ Comp Claim: WCRI
Oct 26 2017 // Medical payments per workers’ compensation claim in Indiana decreased from 2014 to 2015 for the first time in more than a decade, according to a recent study by the Workers Compensation Research Institute (WCRI). The...
Government Report Finds Climate Change Costing Taxpayers Billions Each Year
Oct 25 2017 // A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more...
2017 California Workers’ Comp Rating Bureau Geo Study Released
Oct 24 2017 // The California Workers’ Compensation Insurance Rating Bureau has released its 2017 Geo Study. The study uses data from diverse datasets to highlight regional differences in California workers’ comp claim...
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
Oct 20 2017 // As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia...
Delaware Announces Workers’ Compensation Rate Decrease
Oct 19 2017 // Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct...
Records Show Unprecedented Increase in Firearm Thefts in Kansas City
Oct 18 2017 // Police records show there has been an unprecedented spike in gun thefts in Kansas City, Missouri. The number of annual firearms thefts sharply increased between 2015 and 2016, according to police data obtained by the...
