Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
High-Growth Agencies Build Business Differently: Survey
Jun 10 2015 // A survey of high growth insurance firms conducted and released late last year by a Texas-based consultant found that such organizations hire differently and produce business differently than low growth firms. They also...
Munich Re Confirms Riess as Future ERGO Chairman, Board Member
Jun 10 2015 // The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re’s Supervisory Board has also appointed Riess as a member...
Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports
Jun 10 2015 // “For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing source of concern, given the increasing frequency of reported...
Allianz to Shrink German Branch Network; Hit by Low Interest Rates
Jun 10 2015 // Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of...
Insurance Crime Bureau: Up to 10,000 Vehicles Impacted in Texas Floods
Jun 5 2015 // The recent flooding in Texas means the end of the road for an estimated 7,000 to 10,000 insured vehicles that suffered water damage, National Insurance Crime Bureau (NICB). That’s the current estimate from Copart, a...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter
Jun 5 2015 // After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. Reinsurance broker Guy Carpenter & Co. reported that...
What Agents Want for Future Growth: Channel Harvest Survey
Jun 4 2015 // Most independent insurance agents are interested in adding new carriers to those they place business with – but very few independent agents are interested in adding new products to the selection of products and services...
Massive Copper Theft in NYC Latest Example of Troubling Trend Nationwide
Jun 3 2015 // Longtime New York City subway cops have seen copper thefts before, but last week’s heist on a stretch of open-air tracks was particularly brazen: 500 feet of inch-thick cable stripped from the rails in the middle of...
Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates
Jun 2 2015 // Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent’s largest...
Slow Growth in Texas Workers’ Comp Claims: WCRI
Jun 1 2015 // Workers’ compensation claims costs in Texas have grown relatively slowly over a five-year period, according to a recent Workers Compensation Research Institute study of 17 states. The total average cost per claim for...
NCCI State of the Line Report Reveals Positive Outlook for Workers’ Compensation Market
Jun 1 2015 // The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two...
FEMA: Nearly 1,000 Sandy Claimants Signed Up for Claims Review So Far
May 29 2015 // The Federal Emergency Management Agency (FEMA) last week sent out its first round of letters to the National Flood Insurance Program (NFIP) policyholders who filed Superstorm Sandy-related claims, offering them a chance to...
Report: Florida Coastal Communities Rebuilt, Ready to Face Future Storms
May 29 2015 // Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state’s coastal communities have added an additional 1.5 million people and almost...
Texas All Risk General Agency, Inc.’s Technology Brings Growth in Houston
May 28 2015 // Dallas, TX, May 28, 2015 – Following 3 years of exceptional results in personal lines, Texas All Risk General Agency, Inc. is again expanding it’s homeowners/dwelling fire aggregate in the Greater Houston...
Xuber Reinsurance Survey Focuses on Regulation and M&A
May 27 2015 // Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second...
Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats
May 27 2015 // “Risk levels are rising in Western economies due to the increased terror threat presented by Islamic extremists” according to the Aon Terrorism and Political Violence Map, released by Aon Risk Solutions, the...
A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors
May 26 2015 // Although fluctuating oil prices threaten Nigeria’s economic expansion, the country’s insurance sector offers significant potential for foreign investors attempting to build a profile in the market, according to...
El Niño Strengthens as Pacific Temperatures Show Same Trend as ’97-’98
May 26 2015 // The El Niño taking hold across the Pacific strengthened, according to Australia’s Bureau of Meteorology, citing indexes of sea-surfaces temperatures that showed the same trend for the first time since the event in...
Texas Workers’ Comp Claims See Slow Growth: WCRI
May 21 2015 // Workers’ compensation claims in Texas grew more slowly than in most of the other states, according to a Workers Compensation Research Institute report out Thursday that studied 17 states. The total average cost per...
Zurich Aims to Cut Costs by $1B, Seeking to Reverse Earnings Decline
May 21 2015 // Zurich Insurance Group AG, Switzerland’s biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. Chief Executive Officer Martin Senn said he will make additional annual savings...
