Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
IronHealth Launches Emerging Infectious Disease Business Interruption Coverage
May 6 2015 // IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an endorsement on excess policies for its emerging infectious disease business interruption coverage. The drop-down coverage option will reimburse...
Endurance Reports Q1 Net Income of $100.3M, Up From $96.3M in Q1 2014
May 5 2015 // Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $100.3 million and $2.23 per diluted common share for the first quarter of 2015 versus net income of $96.3 million and $2.17 per...
Great American Public Sector Increases Casualty Capacity
May 5 2015 // Great American Insurance Group has added an additional $10 million in casualty capacity for public sector risks attaching $10 million or higher. When attached to a risk in conjunction with Great American Public...
Fitch Upgrades Citizens’ Coastal Account, Outlook Stable
May 5 2015 // Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account): –$750 million series...
S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings
May 4 2015 // Standard & Poor’s Ratings Services has revised its outlook on Fairfax Financial Holdings Ltd. to stable from negative. At the same time, we affirmed our ‘BBB-‘ long-term counterparty credit rating on...
California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100
May 4 2015 // California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above 2013 and 88 percent above the written premium reported for 2009, according to a report from the California Workers’...
Michigan Workers’ Comp Costs Drop, Employment Rises
May 4 2015 // Michigan has had some positive developments on the employment and workers’ compensation fronts lately and state officials have been eager to share the news. Workers’ comp costs for employers in Michigan have...
Researchers in Oklahoma Developing Seasonal Tornado Forecasts
May 4 2015 // Weather researchers in Oklahoma are working on a method to develop seasonal tornado forecasts that could predict the likelihood of the severe storms weeks in advance. Harold Brooks, senior research scientist at the...
Report: 50 Massachusetts Workers Died on the Job in 2014
May 1 2015 // Fifty workers died from injuries on the job in Massachusetts last year. That’s according to a report released Tuesday by the Massachusetts AFL-CIO and the Massachusetts Coalition for Occupation Safety and...
Nepal Quake Death Toll Exceeds 6,200; Rebuilding Costs Rise to $2B
May 1 2015 // The death toll from Nepal’s devastating earthquake rose steadily past 6,200 on Friday as fresh aftershocks and the stench of rotting bodies made it hard for nervous survivors to return to their homes. Disposal of the...
Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014
May 1 2015 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015, compared to $162.4 million, or $1.66 per diluted...
A.M. Best Revises Outlook to Stable for Georgia Farm Bureau Group Members
May 1 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and Georgia...
Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says
Apr 30 2015 // Swiss Re, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. “It’s important for traditional players like us and regulators...
SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
Apr 29 2015 // French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant...
Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014
Apr 28 2015 // Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for...
Seasonal Tornado Forecasts Being Developed by Oklahoma Researchers
Apr 27 2015 // Weather researchers in Oklahoma are working on a method to develop seasonal tornado forecasts that could predict the likelihood of the severe storms weeks in advance. Harold Brooks, senior research scientist at the...
Brand Damage, Financial Head Aon’s Survey of Top 10 Global Risks
Apr 27 2015 // Aon Risk Solutions, the global risk management business of Aon plc, has unveiled the key risks as identified by its clients across the globe. Cyber risk made the list for the first time in the No. 9 spot, which the...
Report Shows Occupational Fatalities in California Rose in 2013
Apr 23 2015 // The number of Californians who died on the job rose slightly in 2013, according to a Department of Industrial Relations report. The uptick apparently corresponds to California’s higher employment rates and its...
ACE’s Greenberg Cautions on Pricing, Growth Pressures
Apr 23 2015 // ACE Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win...
Plymouth Rock Survey: 1 in 3 N.J. Drivers Report Having Texted While Driving
Apr 22 2015 // An annual study released this week by Plymouth Rock Assurance shows that 33 percent of New Jersey motorists surveyed admit to having read/texted messages while driving in the past. Plymouth Rock says that’s the...
