Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Progressive CEO Renwick’s 5 Macro Trends of Note
Aug 17 2015 // By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have...
West Virginia to See Decrease in Workers’ Comp Premiums
Aug 17 2015 // Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the...
Insurers Look to Cyber, M&A Coverage as Prices Decline for 9th Quarter: Marsh
Aug 14 2015 // Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
NCCI Seeks Worker’s Comp Loss Costs, Rates Decrease in New Hampshire
Aug 13 2015 // The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said in its July 31 filing that based upon its review...
Survey: How Health Insurance Brokers, Navigators Perform Under Obamacare
Aug 12 2015 // Insurance brokers play an important role in helping people obtain non-group health insurance from the health insurance marketplaces established under the Affordable Care Act (ACA) and tend to serve different people than...
Price Tag from Spring Severe Weather Adding Up in Oklahoma
Aug 11 2015 // The rain has stopped falling and the triple-digit heat of an Oklahoma summer has finally arrived, but state emergency managers are still adding up the price tag for repairing roads, bridges and other public infrastructure...
Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study
Aug 11 2015 // A new sigma study from Swiss Re estimates that “total economic losses from natural catastrophes and man-made disasters reached $37 billion in the first half of 2015. The global insurance industry covered nearly 45...
Survey: Decrease in Seat Belt Use in Tennessee
Aug 11 2015 // A recent survey shows a decrease in seat belt use in Tennessee. The Governor’s Highway Safety Office and the Tennessee Highway Patrol announced that the statewide rate for the month of June is 86.2 percent, a...
Louisiana to Host Post-Katrina/Rita Insurance Market Summit
Aug 7 2015 // The Louisiana Department of Insurance is hosting an event to discuss the property/casualty insurance market as the state marks the 10 years that have passed since Hurricanes Katrina and Rita caused more than $28 billion in...
Insurance Trade Press Editors Address Future of Print Media at IMCA
Aug 7 2015 // Insurance trade press editors told industry marketing and communications professionals that, despite the rush of readers and advertisers to digital, they believe print magazines will be around for at least another five to...
UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims
Aug 7 2015 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income increased to 2.02...
Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014
Aug 6 2015 // Third Point Reinsurance Ltd., headquartered in Bermuda, reported net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015, compared with net income of $31.3 million, or $0.29 per...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims
Aug 6 2015 // Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion]...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Maryland
Aug 4 2015 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Maryland Insurance Administration. NCCI stated in its July 28 filing that based on its review...
Midwest Headed for Economic Slowdown, July Survey Suggests
Aug 4 2015 // Slumping numbers in a July survey suggest there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states, according to a report issued Aug. 3. The overall Mid-America Business...
Golf Carts on Roads Increasingly Common in Southern Illinois Cities
Aug 4 2015 // A mode of transportation that took hold in retirement communities is becoming increasingly acceptable in some small southern Illinois cities. The (Carbondale) Southern Illinoisan reports that the Benton City Council will...
Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Aug 4 2015 // Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their...
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Aug 4 2015 // Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New...
AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
Aug 4 2015 // French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France. Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from...
