Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey: Many Consumers Stress Over Safety of Financial Information
Jul 10 2015 // While the safety of their private financial information is a big deal for a lot of people, when it comes to protecting it, many are actually pretty lax, a new survey says. According to the phone survey commissioned by...
Law Firms Face Large Malpractice Claims as Risks Grow: Study
Jul 10 2015 // As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by...
Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’
Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...
Latest U.S. Forecast Sees Stronger El Nino into 2016
Jul 9 2015 // The Pacific Ocean’s weather-changing El Nino will probably last into 2016 and be stronger than previously forecast, the U.S. Climate Prediction Center says. El Nino, a warming of the equatorial Pacific, has a 90...
2015 Tennessee Insurance Legislation Wrap-Up
Jul 9 2015 // Below is a summary of Tennessee legislation that pertains to insurance enacted in 2015. Uninsured Motorist, “James Lee Atwood Jr. Law” The James Lee Atwood Jr. Law, named for a driver who was killed by an...
What Those Smart Cars of Future Will Look Like
Jul 7 2015 // Much of the talk surrounding autonomous cars these days is centered on testing and regulations and not on what the car of the future might look like. A 2012 Institute of Electrical and Electronics Engineers (IEEE) press...
Florida’s Citizens Approves Rate Increases Along Coast
Jul 6 2015 // Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss...
P/C Direct Premium Written Up Nearly 4 Percent
Jul 6 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record-high for the industry. For 2014, total...
Reinsurance Industry Faces Uncertain Future as Time Moves On
Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...
XL Catlin Appoints Plessis as Head of Emerging Markets
Jul 2 2015 // XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business...
Lighthouse Enters Texas Homeowners Insurance Market
Jul 2 2015 // Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000...
Report: California Workers’ Comp Losses and Expenses for 2014 Rise, Ratios Fall
Jul 1 2015 // Insurer losses and expenses rose in 2014 from the year before but ratios fell, a California Workers’ Compensation Insurance Rating Bureau report on workers’ comp losses and expenses for 2014 shows. The report...
Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals
Jul 1 2015 // Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June...
Study: North Carolina’s Outer Banks Risk Losing $2B to Rising Seas
Jun 30 2015 // With scientists expecting the seas to rise about 3 feet over the next 100 to 150 years, a new study from the National Park Service says the two national seashores on North Carolina’s Outer Banks risk losing buildings...
4 of 10 Mid-Sized Firms Have Had Data Breach: Survey
Jun 26 2015 // Forty-three percent of mid-sized businesses say they have experienced a data breach in the past three years and 13 percent have had a supplier’s data breach impact their business information. Also, according to The...
ACE Report Cautions Multinationals About Rising Professional Indemnity Risks
Jun 25 2015 // Increasing numbers of international firms are being exposed to the risk of professional negligence, misrepresentation, or breach of duty claims when operating both at home and abroad, according to a report published by ACE...
Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
Ohio Settles with Rock Salt Firms, Sets Up Online Claims Process
Jun 22 2015 // Ohio has introduced an online claims process to allow local governments to claim a share of the $11.5 million settlement with two rock salt producers that state officials say conspired to drive up prices. Public entities...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
Jun 22 2015 // A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators,...
UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey
Jun 18 2015 // A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT...
