Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Automatic Braking, Due by 2022 in U.S. Cars, Could Prevent 20% of All Crashes
Mar 17 2016 // Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by September 2022, three sources briefed on the plans said. The U.S. National Highway...
Los Angeles Sidewalk Plan Passes off Responsibility for Future Repairs
Mar 17 2016 // A joint City Council committee has backed a sidewalk repair plan that calls for Los Angeles to cover the cost of the first repair, then hand off the responsibility for future fixes back to the property owner. The Los...
Florida’s Citizens Pushes Policy Changes to Address Rising Water Loss Claims
Mar 17 2016 // Citizens Property Insurance Corp.’s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress made in...
Ping An Profit Rises 38% in 2015 on Investment Income, Jump in Life Business
Mar 16 2016 // Ping An Insurance (Group) Co., China’s second-biggest insurer, said profit rose 38 percent last year as investment returns from stock trading expanded and banking revenue increased. Net income climbed to 54.2 billion...
Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer
Mar 15 2016 // Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at stake. A survey of 2,115 American adults from NerdWallet conducted in February shows a...
2 Instech Startups Target Small Business Insurance Market
Mar 15 2016 // Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev...
What About Cuba as an Insurance Market?
Mar 15 2016 // There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are also significant cultural and regulatory challenges, according to a report from the...
Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey
Mar 15 2016 // The number of live telematics-based motor insurance policies, including black box policies, in the UK has increased by 40 percent, according to the latest annual research by the British Insurance Brokers’ Association...
Report: JobsOhio Created 23.6K Jobs in 2015
Mar 8 2016 // A privatized Ohio economic-development agency says in its annual report that it’s created a record 23,602 jobs last year. The Columbus Dispatch reports that JobsOhio also attracted $6.7 billion in corporate...
Beazley Reports Industry Data Breaches Up 60% in 2015
Mar 8 2016 // A leading data breach response insurer says its breach response unit handled 60 percent more data breaches in 2015 than in 2014 in the U.S., with a concentration of incidents in the healthcare, financial services and...
The Future, and Present, Belong to Specialty P/C Insurers: Conning
Mar 8 2016 // Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry’s premiums, Conning Inc. asserts in a new report. Two-thirds of individual insurance companies...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Mar 7 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
Report: Frequency of Florida Water Loss Claims Up 46% in 5-Year Period
Mar 7 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Homeowners Insurance Claims Increase in Texas in 2015
Mar 7 2016 // Texas weather catastrophes caused a huge jump in homeowners insurance claims last year, the Insurance Council of Texas reported. Though claims increased by 120,000 over 2014, the number of policyholder complaints increased...
Select Insurance Markets Adds Castaneda in Austin
Mar 4 2016 // Houston-based MGA, Select Insurance Markets, has added Pedro Castaneda to its marketing team. He is based in Austin, Texas. Prior to joining Select, Castaneda held the position of sales manager at Superior Access. He was...
Midwest Economic Outlook Rises for Second Time in 2 Months
Mar 3 2016 // Figures from a survey of supply managers in nine Midwest and Plains states have risen for the second month in a row, suggesting more improvement in the regional economy. A report issued says the Mid-American Business...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period
Mar 2 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Feb 29 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
Michigan Insurance Regulators: Consumer Complaints on the Rise
Feb 29 2016 // Michigan’s insurance and financial services regulators say the number of consumer complaints is on the rise and that more than 7,400 consumers were assisted during January alone. The Department of Insurance and...
Best Revises Issuer Credit Rating Outlook for W. R. Berkley Insurance (Europe)
Feb 29 2016 // A.M. Best has revised the issuer credit rating (ICR) outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and the ICR of “a+” of W. R. Berkley Insurance (Europe) Ltd....
