Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
‘Old’ ACE, Chubb Report Q4, Full Year 2015 Results
Jan 27 2016 // Just shy of two weeks after closing on their merger, ACE Ltd. and Chubb Corp. released financial results for their last quarter and year as separate entities. On January 14, 2016, ACE closed on its acquisition of Chubb...
Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades
Jan 27 2016 // The way Texas-based oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the...
2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities
Jan 27 2016 // While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels...
Study: More People Killed by Guns in Tennessee than Car Accidents in 2014
Jan 27 2016 // More people died from gunshots than car accidents in Tennessee during 2014. The Violence Policy Center, an organization dedicated to informing people about gun violence, has produced a study comparing gun and car deaths...
South Carolina Moped Deaths Up By 57 Percent in 2015
Jan 26 2016 // The number of people who died in moped accidents in South Carolina increased 57 percent in 2015 from the year before, leading a legislative supporter of laws for the vehicles to reissue his call for tighter safety. The...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
Texas Stamping Office: Growth in U.S. Surplus Lines Continued in 2015
Jan 25 2016 // Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed...
Citizens Releases Analysis of Increasing Florida Water Loss Costs
Jan 25 2016 // Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp....
Texas Stamping Fee Rises, the First Change Since 2007
Jan 25 2016 // The surplus lines stamping fee rate in Texas increased at the beginning of year to 0.15 percent of the gross premium amount of surplus lines insurance policies. It’s the first change in the stamping fee for many...
Louisiana Citizens Plans Rate Reductions, Increases
Jan 25 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Something to Consider: Future Trends and the Insurance Industry
Jan 25 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Second ‘Hottest’ Year on Record in U.S. Included 10 Major Weather Events in 2015
Jan 25 2016 // Last year was the second hottest on record in the contiguous United States, and included 10 major weather and climate events, such as droughts and storms, that each led to over $1 billion in damages, the National Oceanic...
8 Industry Trends to Exploit for 2016
Jan 25 2016 // It is time to put on the thinking cap and roll up the sleeves to determine what needs to be done to put the firm in a great position for growth and profit in 2016. Those that like to be proactive by being strategic and...
5 Trends Driving Change in Insurance Distribution
Jan 25 2016 // The property and casualty (P/C) industry is in a great position for further growth in the upcoming year. Robust economic recovery along with the entry of new products and services have enhanced the industry’s...
Outlook for U.S. Commercial P/C Insurance Still Negative
Jan 25 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The...
Insurance Noodle Expands Quoting to Homeowners Insurance Market
Jan 22 2016 // Insurance Noodle, a membership-based online platform for insurance agents, has rolled out its new homeowner’s insurance quoting capabilities. Agents who join Insurance Noodle can now access homeowner’s quotes...
Property Crimes Down, Violent Crime Up: FBI
Jan 22 2016 // The overall number of property crimes declined in the U.S. while the number of violent crimes rose for the first six months of 2015 compared to 2014. The FBI report — Preliminary Semiannual Uniform Crime Report— is...
Survey of Economists Shows Climate Change Impact Sooner, More Severe
Jan 21 2016 // The impact from climate change is more imminent than most believe, and it’s going to take a big economic chunk out of a lot of bottom-lines. That’s according to a recent report from the Institute for Policy...
Florida’s Citizens Policy Count Reaches Lowest Level on Record
Jan 21 2016 // Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
