Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Canada to Ban All Products Containing Asbestos by 2018
Dec 21 2016 // Canada is moving to ban all products containing asbestos by 2018. The comprehensive ban will include construction materials and brake pads that currently use the cancer-causing agent. Canada closed its last asbestos mines...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Greenlight Capital Re CEO Hedges to Step Down in March 2017
Dec 20 2016 // Greenlight Capital Re Ltd., the Cayman Islands-based specialist property and casualty reinsurance company, announced that Barton Hedges will be stepping down as chief executive officer on March 31, 2017. Hedges will also...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power
Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According...
Washington Workers’ Comp Rates for 2017 to Increase Less Than 1%
Dec 19 2016 // The average premium for workers’ compensation coverage in Washington will go up less than 1 percent in 2017, according to the Department of Labor & Industries. L&I announced this month the rate will rise by...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 19 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
California Worker Fatalities up in 2015, Report Shows
Dec 16 2016 // There were more workplace fatalities in California in 2015 compared with the prior year, but worker deaths are below the average rate of fatalities prior to the recession, according to a California Department of Industrial...
Reinsurance Prices May Be Bottoming but Outlook Remains Negative: A.M. Best
Dec 14 2016 // The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually bring negative rating...
California Workers’ Comp Medical Mileage Rate Will Decline for 2017
Dec 13 2016 // The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile to 53.5 cents per mile as of Jan. 1, 2017. The California Workers’ Compensation Institute...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 13 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
Canada’s P/C Insurance Market Stable with Good Demand: Moody’s
Dec 12 2016 // The outlook for the Canadian property and casualty (P/C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, says Moody’s Investors Service in a report. However, these...
North Carolina High Court Dismisses Insurer Rate Increase Request
Dec 12 2016 // North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North...
Study: California Medical Payments Per Comp Claim Decreased After Reforms
Dec 9 2016 // California Senate Bill 863 may have contributed to decreases in medical payments per workers’ compensation claim in 2013 and 2014, according to a study by the Workers Compensation Research Institute. The WCRI study...
Survey: California Leads Nation in Insurers Contracting with Diverse Businesses
Dec 7 2016 // California Insurance Commissioner Dave Jones hailed the results from the first national survey of the insurance industry around supplier and governing board diversity issued today. Insurance commissioners from six states...
Cleanup Costs of Oregon Train Derailment Along River Pilling Up
Dec 6 2016 // Six months after a train hauling Bakken crude oil derailed along the Columbia River Gorge, Washington, Oregon and other officials are still tabulating a bill to send to Union Pacific Railroad. Union Pacific said in a...
Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study
Dec 6 2016 // The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world’s major cities in 2017, according to the findings of a report...
Despite Decline, Ohio Still Leads Country in Metal Thefts
Dec 5 2016 // The number of metal thefts in Ohio dropped during the period 2013 through 2015, but the state still leads the country in metal theft crimes, an Ohio insurance industry trade group says. Citing a report by the National...
County Farmers in South Carolina Uncertain of Future After Devastating Disasters
Dec 5 2016 // The Double R Farm in South Carolina has produced abundant crops for four generations of Rabon family farmers here, and despite the double whammy of record rains during the October harvest last year and last month’s...
Tennessee Wildfire Death Toll Rises to 7; City of Gatlinburg Surveys Damage
Dec 2 2016 // Three more bodies were found in the ruins of wildfires that torched hundreds of homes and businesses in the Great Smoky Mountains area, raising the death toll to seven, a Tennessee mayor said Wednesday. Search-and-rescue...
