Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Workers’ Comp Insurance Costs in Arkansas Going Down
Mar 13 2017 // Arkansas Insurance Commissioner Allen Kerr has approved a decrease in workers’ compensation cost of 8.4 percent in overall loss in the voluntary market and a 10.6 percent rate decrease in overall average assigned...
Kansas Traffic Fatalities Increased by 22% in 2016
Mar 13 2017 // Kansas recorded a 22 percent increase in traffic fatalities in 2016 compared with the previous years and some experts say the blame falls on drivers who are looking at their phones instead of the road. Kansas Highway...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
Common Sense Reasons Health Insurance Costs Never Seem to Go Down
Mar 8 2017 // An interesting article came across my email this morning about legislation seeking to amend McCarran-Ferguson (McCarran-Ferguson solidified the regulation of the business of insurance at the state level, limiting Federal...
Vermont to See Decrease in Costs for Workers’ Compensation Insurance
Mar 6 2017 // Vermont Gov. 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 effective on...
Tiny Homes: How agents, insurers are helping to lay a foundation for a growing insurance market
Mar 6 2017 // Despite big media hype that has included TV shows, magazines and blogs, the tiny home market is still small. Figures on its current size are hard to come by but the tiny home movement of people looking to downsize and...
Florida CFO Atwater to Step Down After 2017 Legislative Session
Mar 6 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...
Tennessee Captive Industry Sets Record Growth in 2016
Mar 6 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...
PwC’s Oscars Screw-Up Could Risk Defense at MF Global Malpractice Trial
Mar 3 2017 // PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Mar 3 2017 // Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report...
Manufacturing Boosting Midwest Economy, Survey Finds
Mar 2 2017 // Results from a monthly survey of business supply managers suggest that manufacturing is boosting economic conditions in nine Midwest and Plains states, according to a report issued on March 1. The Mid-America Business...
5 Not-So-Surprising Results of our Survey (so far)
Mar 1 2017 // Last week, we launched our first State of Learning in Insurance survey and we are already learning about you and your learning needs. The survey isn’t over yet; we still need your input, but I thought I would give...
Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report
Feb 23 2017 // Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most...
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...
