Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
XL Catlin Updates Coverage for Design Professionals to Address Emerging Risks
Sep 16 2016 // XL Catlin has enhanced its design professional insurance policy form to address architects’, engineers’ and other design businesses’ changing professional liability insurance needs. According to Doug...
Drugs in U.S. Workplace at Highest Level in Decade
Sep 16 2016 // Following years of declines, the percentage of employees in the combined U.S. workforce testing positive for drugs has steadily increased over the last three years to a 10-year high. An analysis of nearly 11 million...
Employees Picking Up More of Health Costs
Sep 16 2016 // A growing number of U.S. workers are covered by health insurance that sticks them with a bigger share of the medical bill but also softens that blow by providing a special account to help with the expense. Companies are...
Arch Coal Ends Self-Bonding, Agrees to Fund Future Mine Cleanups to Exit Bankruptcy
Sep 13 2016 // U.S. coal miner Arch Coal has agreed to set aside collateral to cover future mine cleanup costs as part of its bankruptcy reorganization plan, according to a court filing, ending its controversial use of...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Kentucky Workers’ Comp Loss Costs to Decrease 5 % on Oct. 1
Sep 9 2016 // The Kentucky Department of Insurance has approved the annual workers’ compensation loss costs filing from the National Council on Compensation Insurance Inc. (NCCI) with a rate decrease of five percent on average. It...
Chinese Firms Enter Private Health Insurance Market for Growth Opportunities
Sep 8 2016 // Gaming firms, real-estate companies and drugmakers in China are chasing what they hope will be the country’s next hot commodity: private health insurance. At least 29 publicly traded Chinese companies have announced...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 7 2016 // Powered by InsuranceJournal.tv Losing data strikes more fear in businesses than getting hacked. A survey released today by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were...
SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years
Sep 7 2016 // SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a...
Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
Sep 7 2016 // A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. “Our rating outlook remains longer-term than our typical...
Connecticut’s 2017 Health Insurance Rates Expected to Rise
Sep 6 2016 // Tens of thousands of Connecticut health insurance consumers will still see double-digit increases in their 2017 rates, even though the state’s Department of Insurance has denied some rate requests filed by health...
