Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Mitsubishi Motors Faces Uncertain Future as Fuel Test Scandal Deepens
Apr 27 2016 // For the second time in about a decade, Mitsubishi Motors Corp. faces a scandal that poses an existential threat. The Japanese automaker has improperly tested the fuel economy of its cars for the past quarter century,...
Plaintiff Seeks Future Revenues to Settle Led Zeppelin Copyright Spat
Apr 27 2016 // Lawyers suing members of rock supergroup Led Zeppelin say their client is willing to settle a lawsuit over the band’s most famous song–a claim potentially worth millions of dollars–for just $1. The catch...
Report: Missouri Recovered $15M-Plus for Insurance Consumers in 2015
Apr 25 2016 // The Missouri Department of Insurance, Financial Institutions and Professional Registration has released its 2015 Annual Report highlighting insurance industry data and department accomplishments, including the recovery of...
Groups: California Auto Repair Regs Will Increase Auto Insurance Rates
Apr 22 2016 // As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their...
Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015
Apr 22 2016 // Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015....
Fatal Occupational Injuries Fell in California in 2014, Latest Report Shows
Apr 21 2016 // The number of Californians who died on the job fell in 2014, according to the latest data available from the California Department of Industrial Relations. The DIR compiled the data from the Census of Fatal Occupational...
Allstate Racks Up Big March Losses from Southwestern Hailstorms
Apr 21 2016 // The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the...
Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...
Massachusetts Workers’ Comp Rates to Rise an Average of 1.5%
Apr 20 2016 // Massachusetts Gov. Charlie Baker’s administration announced Wednesday that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. Officials said this nominal increase...
Outlook for Columbia Insurance Revised to Stable: A.M. Best
Apr 19 2016 // A.M. Best has revised the outlooks to stable for Columbia Insurance Group (Columbia) and its subsidiaries. Additionally, the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” are...
Outlook for National Lloyds Insurance Revised to Stable
Apr 19 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” of National Lloyds Insurance Co. (National...
More Crashes, Fewer Tickets in Ohio as Speed Limits Rise
Apr 19 2016 // A newspaper analysis has found that an increase in the speed limit along stretches of rural Ohio interstates has resulted in more accidents and fewer tickets. The Columbus Dispatch reports that state troopers wrote 55,000...
Oklahoma to Hold Hearing on Earthquake Insurance Rate Increases
Apr 19 2016 // Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include...
A.M. Best Revises Outlook for Mississippi Farm Bureau Insurance
Apr 18 2016 // A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Mississippi Farm Bureau Casualty Insurance Co. in...
P/C Direct Premium Written Up 2.5 Percent in 2015
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Survey: Revenue Up, Independent Agents Seeking New Carriers
Apr 18 2016 // Independent insurance agents continue to grow and want to grow more with the help of new carrier appointments. This is one of the initial findings of a new national survey of agents conducted by Channel Harvest Research...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 18 2016 // The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of...
Workers’ Comp Costs to Decline in Arkansas
Apr 18 2016 // The state’s top insurance regulator has approved a decrease in workers’ compensation rates in Arkansas. Effective July 1, the overall loss cost in the voluntary market will decline by 4.3 percent and the...
RIMS 2016: Star Trek Tools, Workers Comp’s Future Help Draw Biggest Crowd in 13 Years
Apr 15 2016 // Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk...
