Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
China Insurance Market Ripe for Digital Disruption: Viewpoint
Oct 4 2016 // China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So why aren’t they bigger participants in what should be an easy sell online:...
Florida Approves Increases for Citizens Commercial Property Rates
Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation. Rates are going up for all accounts except the Commercial...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Oct 3 2016 // Rates are going up for many Florida homeowners. The Florida Office of Insurance Regulation has approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil...
Special Report: Best Agencies to Work For 2016
Oct 3 2016 // The votes were tallied and the results are in for the 2016 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies to Work For in 2016 highlight different programs or...
P/C Direct Premium Written Up 4.3 Percent: Demotech
Oct 3 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record high for the industry. For 2015,...
Maryland’s Amended Premium Increase Notice Requirement to Take Effect
Sep 30 2016 // The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a...
Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans
Sep 27 2016 // Global Risk Partners Limited (GRP), the acquisitive insurance broking and managing general agent investment vehicle, has acquired Marshall Wooldridge, a UK commercial insurance broker which controls in excess of £20...
Business Interruption Tops List of Risks Facing Global Organizations: Survey
Sep 26 2016 // Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies operating outside the U.S., according to the Summer/Fall...
Fire Season in Wyoming’s Yellowstone Seen as One of Worst in Decades
Sep 26 2016 // The wildfire season this summer in Yellowstone, Wyo. is being called the worst in decades. A larger percentage of Yellowstone National Park burned this summer than in any year since 1988. The wildfire season of 2003 was...
Demand for Environmental Impairment Liability Cover Rises in Europe: Marsh
Sep 23 2016 // There has been a marked increase in the number of companies purchasing environmental impairment liability (EIL) cover across Europe in recent years, mainly due to an increase in regulation and buyer awareness, according to...
South Carolina to Provide $35M in Aid to 1,250 Farmers Hit by 2015 Floods
Sep 20 2016 // Nearly 1,250 farmers in South Carolina will get more than $35 million in aid for their losses during last October’s massive floods. The Department of Agriculture said in a news release Thursday that 88 farmers will...
Covered California Prices for Small Business to Rise 5.9%
Sep 19 2016 // Small business employees who get health coverage through the Covered California health insurance exchange will see an average price increase of 5.9 percent next year. The figure announced last week affects roughly 28,000...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Sep 19 2016 // The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the...
Signs of the Agency Financial Times: 7 Key Trends Producers Should Watch
Sep 19 2016 // 7 Key Trends Producers Should Watch to Keep from Being Left Behind In “Left Behind,” the first book in an apocalyptic series by Tim LaHaye and Jerry Jenkins, the main characters find themselves scrambling to...
When the Shooting Stops: The Emerging Risk of Active Shooters
Sep 19 2016 // There’s a new insurance market emerging in light of a disturbing reality in today’s world – active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave insureds...
September Earthquake Deemed Oklahoma’s Strongest on Record; Insured Costs Uncertain
Sep 19 2016 // An earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 was upgraded on Sept. 7 from the preliminary 5.6 magnitude estimate to a 5.8 magnitude temblor by the U.S. Geological Survey, making...
Kentucky Workers’ Comp Loss Costs to Decrease by 5 Percent
Sep 19 2016 // The Kentucky Department of Insurance has approved the annual workers’ compensation rate filing from the National Council on Compensation Insurance Inc. (NCCI) with a rate decrease of five percent on average. It is...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 19 2016 // Losing data strikes more fear in businesses than getting hacked. A survey released earlier this month by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were concerned with losing...
P/C Insurance Agency Mergers and Valuations Up Again: OPTIS
Sep 19 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger activity by Chicago-based investment...
Future Workers’ Compensation Profitability Faces Obstacles
Sep 19 2016 // Workers’ compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in 2015. However, long-term...
