Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Most U.K. Public Companies Haven’t Formed ‘Brexit’ Contingency Plans: Survey
Apr 15 2016 // More than three-quarters of U.K. public companies surveyed by an auditors’ group haven’t discussed contingency planning for the nation’s potential exit from the European Union with the chairman or the...
RIMS 2016: Forecasting Emerging Risks Won’t Get Any Easier
Apr 15 2016 // Many risk professionals believe that forecasting risk will not get any easier in the next three years and emerging risks will most likely arise in the areas of cyber attacks, regulation and human resources. According to a...
Independent Agents Seek New, Strong Performing Carriers: Survey
Apr 14 2016 // Independent insurance agents are seeing revenue growth and would like to grow more, but they’ll need help from carriers. Agents indicate a strong desire to add new carriers, but only if those carriers can demonstrate...
Outlook for Michigan Farm Bureau Group Revised to Positive
Apr 14 2016 // A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” of Farm Bureau Mutual Insurance Co. of Michigan and...
CEO Montross to Exit Gen Re at Year’s End; New CEO to Report to Jain, Not Buffett
Apr 13 2016 // General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer said on Tuesday. An eventual successor will report to Berkshire Hathaway executive Ajit...
Europe Terrorist Attacks in 2015 ‘Most Lethal’ in Nearly a Decade: Aon Risk Map
Apr 13 2016 // As terrorists increasingly target private citizens and public gatherings, last year marked the most lethal year for terrorist violence in Europe in nearly a decade, according to Aon Risk Solutions’ 2016 Terrorism and...
RIMS 2016: Sea Level Rise Will Be Worse and Come Sooner
Apr 12 2016 // Think sea level rise will be moderate and something we can all plan for? Think again. Sea levels could rise by much more than originally anticipated, and much faster, according to new data being collected by scientists...
Georgia to Investigate Allstate Auto Rate Increase
Apr 12 2016 // A Georgia statewide rate increase of 25 percent on Allstate Property & Casualty Insurance Company policyholders has triggered a consumer alert from state Insurance Commissioner Ralph Hudgens. The Georgia Department of...
Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015
Apr 8 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...
P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson
Apr 8 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...
‘Great Unwind’ in Debt Financing May Stunt Companies’ Future Growth: Greenberg
Apr 7 2016 // Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after central banks have propped up economic growth for years, likening their stimuli to a...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson
Apr 7 2016 // Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead them to exit or scale back their participation in the energy sector, according to a report...
Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report
Apr 6 2016 // Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Michigan Insurance Regulators: Consumer Complaints Rising in State
Apr 4 2016 // The Michigan Department of Insurance and Financial Services said consumer complaints over insurance matters have been rising for the past three months. In February, 325 new complaints were opened and 279 complaints were...
Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market
Apr 4 2016 // Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida...
Florida’s Citizens Pushes Policy Changes to Address Rising Water Loss Claims
Apr 4 2016 // Citizens Property Insurance Corp.’s board of governors approved recommendations last month aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress made in returning...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Apr 4 2016 // The FBI and U.S. National Highway Traffic Safety Administration issued a bulletin last month warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
Uncertainties Outweigh Growth Benefits When P/C Insurers Take On Too Much Cyber Risk, Rating Agency Warns
Apr 4 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
