Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Harvey Update: Trump Vows Model Recovery; Thousands Rescued; Deaths, Costs Increasing
Aug 29 2017 // With Texas still being lashed by rain and rescues still underway, President Donald Trump vowed that the government’s response to Hurricane Harvey would serve as a model for disaster recovery. “We want to be...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey
Aug 25 2017 // According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in...
California Workers’ Comp Medical Payments Per Claim Fell in 2016, Report Shows
Aug 24 2017 // Medical payments per claim in California’s worker’s compensation system dropped 9 percent in 2016 from two years prior, according to a report issued by the the Workers’ Compensation Insurance Rating...
California Hospital Workers’ Comp Survey Shows Moderating Losses, Higher Adjustment Expenses
Aug 24 2017 // A survey from 18 hospital systems and more than 44 individual facilities within California shows average losses paid per indemnity claim rose 2.9 percent annually over the past 10 years. Keenan HealthCare and actuarial...
Oklahoma Workers’ Comp Report Shows Big Drop in Premium Costs Since 2013
Aug 22 2017 // Oklahoma’s workers’ compensation system seems to have benefited from reforms that were initiated in 2013, at least in terms of premium costs for businesses. By the end of 2016, employers in Oklahoma had seen a...
Online Property Management Service Cozy Takes On Renters Insurance Market
Aug 22 2017 // The renters insurance market has been a hard nut to crack for the industry, but an insurance carrier and online rental service platform hope their partnership may be the secret to breaking through. Cozy, an online property...
Scientists: Sea Level Rise Will Pose Threat to Hawaii By 2100
Aug 22 2017 // A group of scientists say the state of Hawaii could lose $19 billion worth of land and structures, and millions more in infrastructure by 2100 because of rising sea levels. West Hawaii Today reported an upcoming report...
QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth
Aug 21 2017 // QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to...
Fraud Following Catastrophes an Unwelcome Trend, Oklahoma’s Doak Says
Aug 21 2017 // In testimony on Capitol Hill in early August, Oklahoma Insurance Commissioner John Doak told federal lawmakers that fraud across all lines of insurance costs the industry an estimated $80 million to $100 million...
Insurance Fraud Following Catastrophes an Unwelcome Trend, Oklahoma’s Doak Tells U.S. Senators
Aug 21 2017 // In testimony on Capitol Hill in early August, Oklahoma Insurance Commissioner John Doak told federal lawmakers that fraud across all lines of insurance costs the industry an estimated $80 million to $100 million...
Increase in California Workers’ Comp Pure Premium Sent to Department of Insurance
Aug 18 2017 // The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2018 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.01 per $100 of...
Middle Market Growth Spells Opportunity for California’s Insurance Community
Aug 17 2017 // The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American...
Report: Written Premiums for California Comp Insurers to be Flat Through 2017
Aug 17 2017 // Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the...
NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M
Aug 17 2017 // The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk...
China’s Ping An Reports Biggest Half-Yearly Profit in Decade
Aug 17 2017 // Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The...
A.M. Best Revises Outlooks to Negative for West Virginia National Auto Insurance Co.
Aug 17 2017 // A.M. Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of West Virginia National Auto Insurance Co.,...
Motor Vehicle Deaths Declined 1% in 2017
Aug 16 2017 // Preliminary data show U.S. motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they were still significantly higher than they were two years ago, according to the National Safety...
Obamacare Individual Premiums Would Rise 20% Without Insurer Subsidies: CBO
Aug 16 2017 // Health insurance premiums for many customers on the Obamacare individual insurance markets would be 20 percent higher in 2018 if U.S. President Donald Trump follows through on a threat to stop billions of dollars of...
What Agents Want from Carriers in 2022: Survey
Aug 14 2017 // Independent agents and brokers who work primarily in personal lines believe competitive pricing, carrier technology and customer service will be more important in five years than they are now. The sentiment is quite...
Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market
Aug 11 2017 // When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a...
