Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Gender Gap in Risk Manager Compensation Closing: Survey
Nov 9 2015 // Male risk managers in higher education are paid more on average than their female counterparts but the gap is closing as women gain experience in the field, according to a survey on risk manager compensation. Male risk...
Surge in Auto Break-Ins Bumping up Crime Rate in Mississippi City
Nov 6 2015 // Hundreds of vehicle break-ins are a big part of the reason that major crimes are up in Hattiesburg. There were 376 vehicle break-ins during the first nine months of this year, compared to 114 a year ago, The Hattiesburg...
Michigan’s Consumers Mutual to Exit Health Insurance Market
Nov 6 2015 // Consumers Mutual Co-Op, in consultation with the Michigan Department of Insurance and Financial Services (DIFS), has decided to enter into a run off of its health insurance business, the DIFS announced. Consumers Mutual...
Connecticut Approves Workers’ Comp Loss Cost Decrease of 3.9%
Nov 6 2015 // Connecticut Insurance Commissioner Katharine L. Wade said Connecticut employers can expect to pay less next year for their workers’ compensation insurance as a result of the Insurance Department’s approval this...
Credit Markets Oppose Splitting Up AIG
Nov 6 2015 // American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to...
Survey: Insurers Spent $1.52B with Diverse California Suppliers Last Year
Nov 4 2015 // Diverse California businesses supplied $1.52 billion in goods and services to insurance companies last year, according to a survey by the California Department of Insurance. The 2014 tally was a $587 million increase since...
Allstate Profit Down in Q3 as Auto Claims Rise
Nov 4 2015 // Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile insurance business. Net income decreased to $650...
National General Insurance Announces Launch of NatGen Premier – A Comprehensive Personal Lines Solution for Mass and Emerging Affluent Customers
Nov 4 2015 // New York, NY, November 4, 2015 – National General Insurance today announced the launch of NatGen Premier, a new package program designed for affluent customers. The NatGen Premier homeowners and umbrella products are now...
Survey Shows Signs of Midwest Economic Slowdown
Nov 3 2015 // Figures plunged in an October survey of supply managers in nine Midwest and Plains states, the third straight month of declines that suggest a regional economic slowdown, according to a report released on Nov. 2. The...
Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
Nov 3 2015 // Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas....
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Nov 2 2015 // Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases...
TWIA Request for Increased Liability Limits Denied
Nov 2 2015 // Texas Insurance Commissioner David Mattax has denied a request by the Texas Windstorm Insurance Association (TWIA) to increase limits of liability for residential and commercial properties it covers along the Texas...
Outlook for Homeowners Insurance Market Improves: Report
Nov 2 2015 // The outlook for the U.S. homeowners 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 Benfield...
Wildfires Threat in Texas Increased Over Past 15 Years
Oct 30 2015 // Larger, more threatening wildfires are occurring at greater rates as Texas faces lingering drought, consistent development — driven by millions of new residents and the spread of outlying suburbs — and changes in how...
Aon’s Q3 2015 Net Income down 5%; 15% for 1st 9 Months
Oct 30 2015 // Aon plc’s third quarter and 1st 9 months 2015 Earnings report shows an overall decline in revenue and profits, compared to the same periods in 2014. Net income attributable to Aon shareholders was $295 million, or...
A.M. Best: Outlook Stable for Midwest Builders’ Casualty Mutual, Subs
Oct 29 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for Midwest Builders’ Casualty Mutual Insurance...
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...
