Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study
Oct 20 2015 // In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast...
Reinsurers See Further Price Declines for 2016 in Wake of Mergers
Oct 19 2015 // The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess...
Auto Injury Claims Frequency Falls, But Claims Costs Rise
Oct 19 2015 // Auto insurance bodily injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, according to the Insurance Research Council (IRC). The insurance...
Study: Flood Risk Rising for New York City, New Jersey Coast
Oct 19 2015 // A new study looking back over 1,000 years finds the flooding risk along the New York and New Jersey coasts increased greatly after industrialization, and major storms that once might have occurred every 500 years could...
A.M. Best Turns Outlook to Negative for Greenpath in California
Oct 19 2015 // A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova,...
Texas Tops for Heavy Equipment Thefts in 2014: Report
Oct 19 2015 // A report released by the National Insurance Crime Bureau (NICB) shows that thefts of heavy equipment increased nationally in 2014 by 1.2 percent over the previous year, and that Texas had the highest number of such...
Unlike Uber, On-Demand Office Service Cleans Up with Employees
Oct 16 2015 // It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to...
U.S. and Alaska Won’t Seek Another $92M From Exxon For Spill Decades Ago
Oct 15 2015 // U.S. and Alaska state officials announced on Wednesday they will no longer seek an additional $92 million from Exxon Mobil Corp. to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil...
Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015
Oct 13 2015 // Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by...
Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index
Oct 13 2015 // “Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment,” according to a report from Willis Group Holdings. The findings appear in the latest...
Pension, Insurance & Sovereign Funds Scale Back Emerging Markets’ Investments
Oct 13 2015 // Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds — global pension assets...
Losses to South Carolina Crops Rising as State Suffers More Rain
Oct 12 2015 // The farms and playground area for picking pumpkins were swamped in Mt. Pleasant, S.C., Monday, Oct. 5, 2015. South Carolina is still struggling with floodwaters due to a slow moving storm system. (AP Photo/Mic Smith) Thad...
A.M. Best Trend: Negative Insurer Ratings Outnumber Positive in 2015 First Half
Oct 12 2015 // The U.S. property/casualty (P/C) industry’s rating activity over the first half of 2015 turned negative as downgrades and negative outlooks outpaced upgrades and positive outlooks, according to A.M. Best. This...
Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
California Wants Half Its Power from Renewable Energy by 2030
Oct 9 2015 // Gov. Jerry Brown dramatically increased California’s climate-change goals, committing the state to use renewable energy for half its electricity and make existing buildings twice as energy-efficient in just 15...
Higher Temperatures, More Fires 1,000 Years Ago in Rockies, Study Shows
Oct 8 2015 // New research by scientists at the University of Wyoming has found that extreme wildfire seasons are nothing new in the Rocky Mountain region: They also happened hundreds of years ago, after global temperatures had risen...
Willis Aims to ‘Shake Up’ UK Employee Benefits Market with PMI Health Acquisition
Oct 8 2015 // Willis Group Holdings plc announced the completion of its acquisition of PMI Health Group (PMIHG), a leading independent healthcare adviser and broker in the UK. PMIHG will operate as Willis PMI Group while the business...
Cyber, Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey
Oct 8 2015 // Cyber and IT-related risks top the list of what keeps CEOs and risk managers awake at night, according to the 2015 International Business Resiliency Survey, conducted by Marsh and Disaster Recovery Institute International...
Idaho Workers’ Comp Rates to Increase Slightly For 2016
Oct 7 2015 // The Idaho Department of Insurance has received a proposal for an overall rate increase of 0.2 percent to workers’ compensation insurance for 2016 by the National Council on Compensation Insurance. NCCI collects...
A.M. Best Turns Outlook to Negative for Greenpath in California
Oct 7 2015 // A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova,...
