Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 22 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 22 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Oklahoma Geological Survey Studying Injection Well/Earthquake Connection
Aug 17 2016 // The Oklahoma Geological Survey is studying the relationship between seismic activity and wastewater injection wells with a survey in the Arbuckle formation. Sensors will be placed into several injection wells in the...
As Louisiana Surveys Flood Damage, Death Toll Rises
Aug 17 2016 // As waters receded in parts of Louisiana’s capital city of Baton Rouge, some residents returned to their flood-damaged homes on Aug. 16 for the first time and found a soggy mess. David Key used a small boat to get to...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
Aug 17 2016 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit...
FBD Shares Surge on Reduced Losses, 2017 Profit Forecast
Aug 12 2016 // FBD Holdings Plc shares surged the most in almost eight years after the insurer posted a smaller first-half loss and said it’s on track to making a profit next year. FBD shares rose as much as 12 percent, their...
Fitch Ups Liberty Mutual’s Ratings Outlook
Aug 12 2016 // Liberty Mutual Group’s ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial strength ratings...
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 12 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Sea Level Is Rising, but at Fluctuating Rates due to Volcanic Eruption: Study
Aug 12 2016 // Climate scientists have long warned of a rise in sea level as global warming melts the world’s glaciers. But while the level has been increasing at about 3.5 millimeters a year, the rate of increase itself has...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 11 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co.. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
Bank of England Survey Bolsters View of Weaker UK Economy
Aug 10 2016 // Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June’s...
Allianz Launches Cyber Coverage to Address Emerging Risks
Aug 10 2016 // Allianz Global Corporate & Specialty (AGCS) has introduced its next generation cyber and professional liability coverage product called ACCEPT Protect designed exclusively for the North American market. The new product...
Crain Shutters Business Insurance Publication to Focus on Markets with ‘Proven Growth Potential’
Aug 9 2016 // Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication’s...
A Decade After Salmonella Outbreak ConAgra Case Nears End
Aug 9 2016 // Nearly a decade after hundreds of Americans got sick after eating Peter Pan peanut butter tainted with salmonella, ConAgra Foods appears close to settling a federal criminal case stemming from the outbreak. After years of...
First Half of 2016 Sees Continued Decline in Jewelry Store Crime
Aug 9 2016 // The total costs associated with burglary and robbery losses at jewelry stores across the country decreased from $33.2 million to $30.8 million, according to the Jewelers’ Security Alliance. It’s release of...
Court Upholds 25% Rate Increase Rejection for North Carolina Homeowners
Aug 8 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August...
Insurance Costs Rise in Idaho County Following Lawsuits
Aug 8 2016 // Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The county’s insurance payments have increased 58 percent over the past five years...
Homeowner Insurance Claim Severity Up 7% Due to Lightning in 2015
Aug 8 2016 // The number of homeowners insurance claims from lightning strikes in the United States fell in 2015. However, the total insurers paid on those claims rose by nearly 7 percent, according to the Insurance Information...
The Future of Insurance Belongs to Intermediaries
Aug 8 2016 // Great efforts have been made recently to disintermediate the insurance process. One prevalent example of this is by routing insureds directly to the carrier, bypassing the independent agency distribution channel. More and...
New York Workers’ Compensation Loss Costs Going Up 9.3%
Aug 8 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs effective Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance market stable...
