Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
AIG to Sell Vermont’s Stowe Mountain Ski Operations After Seven Decades
Feb 22 2017 // American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc. AIG will retain majority ownership...
AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth
Feb 22 2017 // AXIS Capital Holdings Ltd. announced that Julian Brown has joined AXIS Insurance as vice president and underwriter, responsible for leading growth initiatives and product development for the company’s London market...
Despite Increase in Lawsuits, Texas Homeowner Insurance Complaints Remain Low
Feb 21 2017 // Despite a half million hail claims resulting in a record $4 billion in insured losses last year, homeowner complaints to the Texas Department of Insurance (TDI) were the lowest number ever recorded, the Insurance Council...
South Dakota Bucks National Trend of Increased Crash Fatalities
Feb 21 2017 // Crash fatalities are rising in many states but they’re going down in South Dakota. According to the National Safety Council, South Dakota had the fourth-lowest crash fatality rate in the country in 2016. Nationally,...
California Gas Prices Could Rise Following Local Refinery Blast
Feb 21 2017 // An explosion and fire at an oil refinery in Torrance, Calif. over the weekend forced the partial shutdown of the plant, leading oil traders to expect a spike this week in West Coast gasoline prices. Police and the plant...
Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey
Feb 21 2017 // The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue...
North Carolina Regulators Consider 13.8% Auto Rate Increase Request
Feb 20 2017 // The North Carolina Rate Bureau (NCRB) has requested an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI). NCRB...
Florida AOB Abuse Update: ‘Alarming Trend’ Reaches Crisis Point
Feb 20 2017 // Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious disruption to Florida’s insurance market. The abuse, which is especially rampant in South Florida, stems from...
2017 Agency Salary Survey: Salaries and Total Compensation Up
Feb 20 2017 // Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased, although not by as much as they did the year before. That’s according...
The Future of Fraud Fighting: IoT and Telematics
Feb 20 2017 // Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk...
Global Insurance Rate Decreases in Q4 Slowed for 4th Consecutive Quarter: Marsh
Feb 17 2017 // Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter’s decrease of 3.2 percent), according to Marsh’s Global Insurance...
Florida’s CFO Atwater to Step Down After 2017 Legislative Session
Feb 16 2017 // In a move sure to shake up Florida’s political landscape, Jeff Atwater, the state’s chief financial officer, resigned Feb. 10 to take a job at Florida Atlantic University. Atwater, a Republican from Palm Beach...
Anthem Not Giving Up on Merger with Cigna Even If Cigna Is
Feb 15 2017 // Anthem Inc. on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp. from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust...
Agency Organic Growth Slowed in 2016: Reagan
Feb 15 2017 // Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since 2011. The year ended on a positive note, however, as fourth-quarter organic growth...
Insurer & Investor Group Urges G20 to Scrap Fossil Fuel Subsidies by 2020
Feb 15 2017 // Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. G20...
Tennessee Captive Industry Sets Record Growth in 2016
Feb 13 2017 // Tennessee’s captive insurance market saw a record annual total of 104 risk bearing entities (RBEs) added in 2016, according to data released by the Tennessee Department of Commerce & Insurance (TDCI). The new...
Florida’s AOB Abuse by the Numbers: ‘Alarming Trend’ Reaches Crisis Point
Feb 9 2017 // Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious disruption to Florida’s insurance market. The abuse, which is especially rampant in South Florida, stems from...
Red River Flooding Concerns on the Rise in Midwest
Feb 7 2017 // After several dry springs, communities are keeping a wary eye on the Red River in case it’s due for another flood. The region has been soaked with double the usual amount of winter rain, sleet and snow this winter,...
Vermont to See Decrease in Costs for Workers’ Compensation Insurance
Feb 7 2017 // Vermont Governor Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become...
58% of UK Business Leaders Say Brexit Vote Has Taken a Toll: Survey
Feb 7 2017 // More than half of British business leaders believe the vote to leave the European Union has had a negative impact on their companies but most firms are confident they can survive the change, according to a survey on...
