Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
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...
