Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
If Auto Injury Claims Frequency Is Falling, Why Are Claims Costs Rising?
Oct 7 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...
Report Shows 120 Louisiana Workplace Fatalities in 2014
Oct 6 2015 // A new federal report says 120 Louisiana workers died on the job last year — six more than in 2013. New Orleans City Business reports that the Bureau of Labor Statistics found the largest number of such deaths — 37 —...
Ohio Insurance Institute: Deer-Vehicle Crashes Down, Costs Rising
Oct 6 2015 // The Ohio Insurance Institute (OII) reports that deer-vehicle crashes in the state decreased in 2014 by 2.5 percent over 2013. Nationally, however, claim costs from such collisions are up by more than 6 percent this...
Texas Tops for Heavy Equipment Thefts in 2014: Report
Oct 6 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...
A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses
Oct 5 2015 // A.M. Besthas affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable forZurich Insurance Company...
IICF Week of Giving About Helping, Hope and the Future Starts Oct. 10
Oct 2 2015 // Giving can go well beyond being a mere act of philanthropy. That’s the thinking behind the upcoming Insurance Industry Charitable Foundation event from Oct. 10 through Oct. 17. The IICF Week of Giving, formerly known...
Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
Oct 2 2015 // Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global...
Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business
Oct 2 2015 // London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will...
Tennessee Reports Increase in Opioid-Related Deaths in 2014
Oct 2 2015 // Statistics from the Tennessee Department of Health revealed that 1,263 Tennesseans died in 2014 from opioid overdoses despite measures designed to stop the addiction. In 2014, the state saw 97 more deaths caused by opioid...
13 Specialty Insurers Emerging As Takeover Targets: S&P
Oct 1 2015 // Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C...
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Connecticut
Oct 1 2015 // The National Council on Compensation Insurance (NCCI) on Sept. 24 delivered a workers’ compensation loss cost filing to the Connecticut Insurance Department. NCCI said that based upon its review of the most recently...
Study: Flood Risk on Rise for New York City, New Jersey Coast
Sep 30 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: European Insurers Continue Emerging Markets’ Growth – with Caution
Sep 30 2015 // In an attempt to deploy excess capital, some major European insurers have developed overseas operations over the past several years but are now taking a more cautious approach, as not all overseas strategies have proven...
Watercraft Thefts Down but Texas Still a Top State for Them: NICB
Sep 30 2015 // While the number of watercraft thefts continued on a downward trend in 2014, Texas remains one of the five top states in which such thefts are likely to occur. Texas ranks third for watercraft thefts, behind Florida and...
ACE to Appoint Andrade to Head Future Int’l. Non-Life Insurance Operations
Sep 28 2015 // ACE Ltd. announced that it intends to appoint Juan C. Andrade, as executive VP of the new Chubb Group and President of the International Non-life Insurance division, which encompasses operations with both retail broker and...
Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable
Sep 28 2015 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Hannover Rueck SE (Hannover Re) and its main...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Southwest Louisiana Town Still Struggles a Decade after Hurricane Rita
Sep 24 2015 // Vacant slabs, weed-choked lots and solitary stairs to nowhere permeate Cameron, a tiny town in southwest Louisiana. All that remains of the Klean-N-Kruise car wash is a rusted white sign overlooking an empty, overgrown...
Treasury Names 9 to Panel on Private Insurance Market for Terrorism Risk
Sep 24 2015 // The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance. The...
A.M. Best: Sub-Saharan Re/Insurance Markets Attract Capacity Despite Challenges
Sep 24 2015 // Much has been said in recent years about the opportunities presented by the buoyant strides in economies across the African continent together with challenges that market participants have to overcome; the...
