Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Citizens Highlights ‘Disturbing’ Water Loss Trend at FLOIR Rate Hearing
Sep 7 2015 // Representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their rate filing for 2016, which included significant increases in many Florida regions, before the Florida Office of...
Survey Examines Agents’ Views of Agency Aggregators
Sep 7 2015 // About a quarter of independent insurance agents say they work at a firm that belongs to an aggregator cluster. But very few whose agencies don’t already belong to an aggregator want their firms to join one, a fact...
Stamping Offices Report Moderate Growth in U.S. Premium
Sep 7 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...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
Earthquake Coverage Increasingly Expensive, Hard to Find in Missouri
Sep 7 2015 // Missouri is the third largest market for earthquake insurance in the U.S., after California and Washington, but the coverage is getting more expensive and scarcer in high-risk areas, state insurance officials say. On...
Top 3 Trends that Can Affect Residential Property Valuations
Sep 4 2015 // This post is part of a series sponsored by CoreLogic. Accurate property valuation is critical to insurers as well as homeowners. In the event that a property is undervalued, insurers lose out on premium revenue while the...
Millennials Prefer Usage-Based Insurance: Survey
Sep 3 2015 // More drivers aged 18 to 34, or millennials, are interested in usage-based auto insurance policies than are drivers in all other age groups. More millennials (88 percent) are interested in taking out a UBI, also known as...
Delaware Compensation Rating Bureau Seeks Loss Costs Increase
Sep 3 2015 // The Delaware Compensation Rating Bureau (DCRB) announced that it has submitted to the Delaware Department of Insurance a filing of revisions to the state’s Residual Market Plan, voluntary market loss costs and...
Towers Watson & Cambridge to Provide Usage-Based Auto Insurance Market Info
Sep 3 2015 // Global professional services company Towers Watson and Cambridge Mobile Telematics (CMT), a telematics technology provider will use “advanced mobile sensing, data analytics and behavioral science,” in an...
66% of Small Businesses Lack Business Interruption Coverage: Survey
Sep 2 2015 // Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new...
Competition Increases in Louisiana Insurance Commissioner Race
Aug 31 2015 // Insurance Commissioner Jim Donelon has picked up another challenge to his fall re-election bid. Charlotte McDaniel McGehee, a Democrat and lawyer from Baton Rouge, announced her candidacy this week. In a statement, McGehee...
New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak
Aug 28 2015 // Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said it has...
UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report
Aug 27 2015 // The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by...
Generali Signs Global Deal to Target High-Growth Markets via Smartphones
Aug 27 2015 // The Generali Group has signed a global deal with Obi Worldphones™, aiming to target, via smartphones, 20 high-growth markets with a prospective customer base of more than 10 million people. “This breakthrough deal...
Citizens: Water Losses the Reason for Rate Increases in South Florida
Aug 26 2015 // In a nearly three-hour rate hearing on August 25, representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their recent rate filing, which included significant increases in many...
Small Fleet Managers Would Choose Insurer for UBI Service: Survey
Aug 25 2015 // More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics...
Louisiana Jobless Rate Dips but Job Totals Shrink
Aug 24 2015 // Fewer people had jobs in Louisiana in July as employer payrolls shrank, but the unemployment rate fell again as even more people left the labor force. The state’s unemployment rate fell to 6.2 percent in July from...
Survey of Global Executives Reveals Business Threat of Poor Risk Oversight
Aug 24 2015 // Businesses are putting themselves in danger by neglecting or avoiding formal risk management processes, according to a new study by the Enterprise Risk Management Initiative at North Carolina State University on behalf of...
Michigan’s PIP Maximum Work Loss Benefit Rises Slightly
Aug 21 2015 // The maximum work loss benefit payable under policies of personal protection insurance in Michigan will rise very slightly for the year beginning Oct. 1, the Michigan Department of Insurance and Financial Services...
NCCI Proposes Decrease to Florida Workers’ Comp Rates
Aug 21 2015 // The Florida Office of Insurance Regulation said today that it has received the 2016 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide...
