Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Swiss Re’s 1st 9 Months 2015 Consolidated Net Income up 12% at $3.659 Billion
Oct 29 2015 // Swiss Re reported consolidated net income of $3.659 billion, a 12 percent increase, for the first nine months of 2015, compared to $3.255 billion for the first 9 months of 2014. $1.399 billion was earned in the third...
Premiums on New Jersey Health Exchange Rising 5%
Oct 28 2015 // The premium for a mid-level plan offered on the federal government’s health insurance exchange will be up by 5 percent in New Jersey in 2016. But premiums will be lower, as expected, for people choosing a new plan...
New Hampshire Approves Workers’ Comp Loss Cost Decrease of 5.9%
Oct 28 2015 // The New Hampshire Insurance Department announced that it has approved the National Council on Compensation Insurance’s advisory loss cost and rating values filling to be effective Jan. 1, 2016. The approved voluntary...
Target Markets Study: Program Business Revenue Doubled in 5 Years
Oct 28 2015 // The financial performance of commercial property casualty insurance program administrators continues to outpace the performance of the overall property casualty insurance markets, according to the most recent study for the...
Best’s Italian Insurance Sector Report Sees Growth Despite Weak Economy
Oct 28 2015 // A special report from A.M. Best concludes that “Italy’s insurance market remained buoyant in 2014 and is well-placed to continue to grow in 2015, driven by demand for life products.” Best foresees a...
Ping An Profit Rises 32% as Higher Premiums Offset Stock Market Slump
Oct 28 2015 // Ping An Insurance (Group) Co., China’s second-largest insurer, said third-quarter profit rose 32 percent as higher premium income and banking revenue helped offset the impact of a stock market rout on investment...
Outlook for Homeowners Insurance Market Improves: Aon
Oct 27 2015 // The outlook for the U.S. homeowners insurance market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon...
XL’s Q3 Operating Net Income Down to $70.8M on Integration Costs, Cat Losses
Oct 27 2015 // Dublin-headquartered XL Group reported third quarter operating net income of $70.8 million, or $0.23 per share, down from $187.1 million, or $0.70 per share, in the prior year quarter. The current quarter’s results...
Judge Claims Regulators Not Enforcing Duke Coal Ash Clean-Up in North Carolina
Oct 27 2015 // North Carolina’s environmental watchdog agency has not been trying very hard to force Duke Energy to clean up toxic groundwater pollution near a coal-burning power plant where neighbors can’t drink their well...
Louisiana Workers’ Comp Insurance Rates Set to Decline Again
Oct 26 2015 // Commissioner of Insurance Jim Donelon reports that Louisiana businesses are expected to see a decrease in their workers’ compensation rates in 2016. The National Council on Compensation Insurance (NCCI) recently...
Qatar Insurance Posts 20% Premium Rise for 1st 9 Months of 2015
Oct 26 2015 // Qatar Insurance Company (QIC), the parent company of Qatar Re and Antares, has announced that for the first nine months of 2015 its gross written premiums increased by 20 percent from $1.23 billion to $1.48 billion. It...
Best Affirms Munich Re and Subs Ratings; Outlook Stable
Oct 23 2015 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the...
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
Oct 23 2015 // Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled...
Cat 5 Patricia ‘Strongest Eastern North Pacific Hurricane on Record:’ NHC
Oct 23 2015 // Hurricane Patricia has strengthened into a Category 5 storm on the Saffir-Simpson scale, according to the National Hurricane Center in Miami, which is tracking the storm. The NHC’s latest bulletin said Patricia is...
Don’t Strangle the Cyber-Insurance Market in its Cradle
Oct 22 2015 // We live in an era of disruption. Technology redefines our world on a regular basis, as the wonders of networks that allow data to be transferred virtually without restriction have enmeshed knowledge and commerce into our...
ACE Q3 2015 Net Income Down 32.7% at $528 Million; Operating Income Up
Oct 22 2015 // ACE Group reported net income for the quarter ended September 30, 2015, of $1.62 per share, compared with $2.32 per share for the Q3 2014, an overall decline of 32.7 percent from $785 million in Q3 2014 to $528 million....
Allied World Posts $51.6 Million Q3 Net Loss; GWP Increase
Oct 22 2015 // Allied World Assurance Company Holdings, AG reported a net loss of $51.6 million, or $0.57 per share, for the third quarter of 2015 compared to net income of $30.9 million, or $0.31 per diluted share, for the third quarter...
Workers’ Comp Medical Payments in Illinois Rose in 2013: Report
Oct 21 2015 // Medical payments per workers’ compensation claim in Illinois rose 4.1 percent in 2013, after decreasing 20 percent between 2010 and 2012 as a result of a 30 percent reduction in fee schedule rates, according to a...
Back to the Insurance Future: What Marty McFly Saw in 2015
Oct 21 2015 // According to my history book (or “future” book), well, at least the history taught by the movies, Marty McFly landed in Hill Valley today after skipping over the last 30 years. If you see him, compare notes...
