Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey
Mar 15 2016 // The number of live telematics-based motor insurance policies, including black box policies, in the UK has increased by 40 percent, according to the latest annual research by the British Insurance Brokers’ Association...
Report: JobsOhio Created 23.6K Jobs in 2015
Mar 8 2016 // A privatized Ohio economic-development agency says in its annual report that it’s created a record 23,602 jobs last year. The Columbus Dispatch reports that JobsOhio also attracted $6.7 billion in corporate...
Beazley Reports Industry Data Breaches Up 60% in 2015
Mar 8 2016 // A leading data breach response insurer says its breach response unit handled 60 percent more data breaches in 2015 than in 2014 in the U.S., with a concentration of incidents in the healthcare, financial services and...
The Future, and Present, Belong to Specialty P/C Insurers: Conning
Mar 8 2016 // Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry’s premiums, Conning Inc. asserts in a new report. Two-thirds of individual insurance companies...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Mar 7 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
Report: Frequency of Florida Water Loss Claims Up 46% in 5-Year Period
Mar 7 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Homeowners Insurance Claims Increase in Texas in 2015
Mar 7 2016 // Texas weather catastrophes caused a huge jump in homeowners insurance claims last year, the Insurance Council of Texas reported. Though claims increased by 120,000 over 2014, the number of policyholder complaints increased...
Select Insurance Markets Adds Castaneda in Austin
Mar 4 2016 // Houston-based MGA, Select Insurance Markets, has added Pedro Castaneda to its marketing team. He is based in Austin, Texas. Prior to joining Select, Castaneda held the position of sales manager at Superior Access. He was...
Midwest Economic Outlook Rises for Second Time in 2 Months
Mar 3 2016 // Figures from a survey of supply managers in nine Midwest and Plains states have risen for the second month in a row, suggesting more improvement in the regional economy. A report issued says the Mid-American Business...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period
Mar 2 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Feb 29 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
Michigan Insurance Regulators: Consumer Complaints on the Rise
Feb 29 2016 // Michigan’s insurance and financial services regulators say the number of consumer complaints is on the rise and that more than 7,400 consumers were assisted during January alone. The Department of Insurance and...
Best Revises Issuer Credit Rating Outlook for W. R. Berkley Insurance (Europe)
Feb 29 2016 // A.M. Best has revised the issuer credit rating (ICR) outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and the ICR of “a+” of W. R. Berkley Insurance (Europe) Ltd....
WCRI Report Examines Trends in New York Workers’ Comp System
Feb 26 2016 // The Workers Compensation Research Institute (WCRI) has published its eighth annual report examining the trends in the performance of the New York workers’ compensation system following reforms enacted in 2007. WCRI...
Program Specialists Targeting Emerging Risks and ‘Doing Old Things Better’
Feb 26 2016 // Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in...
Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020
Feb 26 2016 // Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five...
Purdue Univ.: U.S. Grain Bin Entrapments Fall to Lowest Level in Decade
Feb 25 2016 // Grain bin entrapments and other confined space accidents on the nation’s farms fell to their lowest level in a decade last year, a Purdue University study has found. The U.S. had 47 accidents in grain bins or other...
With Google Gone, What’s the Future for Online Insurance Shopping?
Feb 25 2016 // The demise of Google’s online insurance comparison site Google Compare is being hailed by some in the industry as a victory for the traditional agency system. But agents may want to hold off on breaking out the...
AXA’s 2015 Net Income Rises 12% on Life Insurance Sales in Europe, Asia
Feb 25 2016 // AXA SA, France’s largest insurer, said 2015 profit rose 12 percent, helped by higher life insurance sales in Europe and Asia. The shares rose. Net income climbed to 5.62 billion euros ($6.2 billion) from 5.02 billion...
Swiss Re’s 2015 Net Income Rises 31% to $4.6B; Q4 Profit Up to $938M
Feb 23 2016 // Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian Mumenthaler, head of the company’s main reinsurance unit, will take over as...
