Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
California Workers’ Comp Sees Sharp Increase in ALAE Costs, Report Shows
Jan 23 2017 // Allocated loss adjustment expense costs have increased sharply over the last several years despite implementation of many of the components of a workers’ compensation reform law intended to reduce total loss...
North Carolina Rate Bureau Withdraws Dwelling Rate Increase of 19.6% over Data Error
Jan 20 2017 // The North Carolina Rate Bureau is alerting all member companies that it has withdrawn its request for a 19.6 percent rate increase on dwelling policies due to a data error on its Dwelling Policy Program revisions announced...
Soft Market Is Main Factor Limiting Growth of UK MGAs: Survey
Jan 20 2017 // Soft market conditions have replaced regulation and compliance as the main factor affecting growth for UK managing general agents (MGA) in 2017, said a survey of members of the London-based Managing General Agents’...
Ratings Outlook for GuideOne Insurance Revised to Negative: A.M. Best
Jan 19 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of the...
Expect the Unexpected in U.S. Casualty Insurance Market in 2017: Marsh
Jan 19 2017 // Insurers and customers are increasingly embracing the Internet of Things but greater reliance on these technologies could bring problems that ripple through an entire connected system. The unintended consequences from...
White Mountain’s OneBeacon Reported to Be Up for Sale
Jan 18 2017 // OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently began working with...
High-Flying Drone Market Comes Down to Earth Earlier Than Expected
Jan 18 2017 // Attendees at the Consumer Electronics Show in Las Vegas earlier this month could play around with a dizzying array of unmanned aerial vehicles. Drones that take selfies. Drones equipped with thermal imaging cameras to see...
26% of Natural Disaster Economic Losses in 2016 Were Insured: Aon Benfield Cat Report
Jan 17 2017 // Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower insurance...
6 Key Trends in Workplace Litigation for 2017
Jan 13 2017 // The environment for employment litigation has more than ever been shaped by Supreme Court judges and settlements for wage and hour class actions rose in 2016 while those for other employment-related claims fell, according...
More Drug Companies Vow to Limit Price Increases
Jan 13 2017 // Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics,...
Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey
Jan 13 2017 // Six out of 10 organizations in Asia Pacific experienced at least one supply chain disruption in the past year, with one in four incidents costing more than US$1 million, according to a survey conducted by the Business...
Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield
Jan 12 2017 // Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according...
2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report
Jan 11 2017 // Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published...
Baldwin Risk Partners Teams Up With Ryan Insurance & Financial Services of Tampa
Jan 10 2017 // Baldwin Risk Partners (BRP), an insurance distribution holding company based in Tampa, Fla., has partnered with Ryan Insurance & Financial Services, a Deland, Fla.-based independent insurance agency. According to BRP,...
Missouri Expects Another Decrease in Workers’ Comp Rates
Jan 9 2017 // Employers in Missouri should see a continued decrease in workers’ compensation insurance costs. The Missouri Department of Insurance is recommending a 4.6 percent decrease in workers’ comp insurance loss costs...
East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year
Jan 9 2017 // The R Street Institute, an industry think tank headquartered in Washington, D.C., found Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation...
Decline in Reinsurance Prices Slowed at January Renewal: Carpenter
Jan 6 2017 // Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but the pace of that decline is slowing, according to Guy Carpenter & Co. Although...
Report on California Workers’ Comp Shows Sharp Increase in ALAE Costs
Jan 5 2017 // Allocated loss adjustment expense costs have increased sharply over the last several years despite implementation of many of the components of a workers’ compensation reform law intended to reduce total loss...
Police in Savannah, Georgia Urge Vigilance After Rise of Business Burglaries in 2016
Jan 4 2017 // Police records show business owners in Savannah, Ga., reported a significant increase in burglaries during 2016. Crime reports by Savannah-Chatham County police show 347 commercial burglaries were reported between last...
Louisiana Workers’ Comp Insurance Rates to Decline Again
Jan 3 2017 // The Louisiana Department of Insurance announced a rate filing from the National Council on Compensation Insurance (NCCI) for a statewide decrease of 9.8 percent in workers’ compensation rates has been...
