Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report
Jul 12 2016 // Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business...
Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago
Jul 12 2016 // A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market...
Oil Shipments Down Hudson River Raise Spill Concerns
Jul 11 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that attempted to halt those efforts. At issue is a key air permit...
North Dakota June Storm Damage Costs Rising, Regulators Say
Jul 11 2016 // The North Dakota Department of Insurance reported that the Bismarck/Mandan-area storm that occurred on June 17 is developing into one of the largest claim events for 2016 in state, which has experienced several severe...
California’s Last Nuke Plant Would Be Closed by 2025 Under Deal
Jul 11 2016 // California’s last nuclear power plant will close by 2025 under an accord announced in June, ending three decades of safety debates that helped fuel the national anti-nuclear power movement. The state’s largest...
Velosurance Takes Cycling to the Specialty Insurance Market
Jul 11 2016 // Cycling enthusiasts everywhere are watching what might be the world’s most famous bicycling event – the Tour de France – this month. They are also watching some of the world’s most expensive bicycles, which...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
Jul 8 2016 // Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe...
A.M. Best: Outlook Stable for Southern Pioneer Property and Casualty Insurance
Jul 7 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Southern Pioneer Property and Casualty Insurance Co....
Future of Boston’s July 4th Celebration In Doubt Without a Successor to Sponsor Liberty Mutual
Jul 5 2016 // This Fourth of July, the cannons roared and the fireworks burst in brilliant colors as a world class orchestra drove home the climactic finale of Tchaikovsky’s “1812 Overture,” as they have for decades...
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit
Jul 5 2016 // Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its 2016 annual profit. The Paris-based company also cited longer collection...
NCCI Proposes Nearly 20% Florida Workers Comp Rate Increase
Jul 5 2016 // The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting Florida’s...
Colorado State Ups Atlantic Hurricane Forecast to 15 Storms
Jul 1 2016 // Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two will grow into major...
London Re/Insurance Market Will Weather Brexit Storm: Execs
Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...
73% of U.S. Drivers Welcome Commuting with Robot Behind the Wheel: Survey
Jun 30 2016 // Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...
Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare
Jun 28 2016 // If you have private health insurance, the good news is you may be helping your employer keep its health care spending down. The bad news is it’s coming out of your pocket. The amount that people with private...
Data Theft by Employees Affects 69% of Businesses: Accenture Survey
Jun 27 2016 // As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s one of the...
California’s Last Nuke Plant Would Be Closed by 2025 Under Deal
Jun 24 2016 // California’s last nuclear power plant will close by 2025 under an accord announced this week, ending three decades of safety debates that helped fuel the national anti-nuclear power movement. The state’s...
Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8%
Jun 23 2016 // Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water...
