Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
NCCI Proposes Decrease in Workers’ Comp Loss Costs in Georgia
Nov 7 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost and assigned risk rate filing to the Georgia Department of Insurance. Based upon its review of the most...
Swiss Re Net Income Rises 14%, Supported by Lower Catastrophe Losses
Nov 7 2014 // Swiss Re AG, the world’s second- biggest reinsurer, said third-quarter profit rose 14 percent, beating analysts’ estimates, following lower-than-expected losses from natural catastrophes. Net income rose to...
Florida Rejects NCCI’s 3.3% Rate Decrease, Calls for Larger Cut
Nov 6 2014 // Florida Insurance Commissioner Kevin McCarty issued an order on Wednesday notifying the National Council on Compensation Insurance (NCCI) that its proposed 3.3 percent overall decrease in workers’ compensation rates...
Impact Forecasting: Costs of Tropical Cyclones Up for Non-U.S. Exposures
Nov 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
New Hampshire Approves NCCI’s Loss Cost Decrease Filing
Nov 6 2014 // The New Hampshire Insurance Department announced Wednesday that it has approved the National Council on Compensation Insurance’s (NCCI) advisory loss cost and rating values filing to be effective Jan. 1, 2015. The...
Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey
Nov 5 2014 // The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of...
Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks
Nov 5 2014 // While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the Association For...
Arkansas Hospital Survey: More Patients Have Insurance
Nov 4 2014 // A survey of Arkansas hospitals found the number of patients without insurance was down during the first half of 2014 and the state’s expansion of the Medicaid program under the “private option” is said to...
Climate Change Report Paints Portrait of Dystopian Future
Nov 3 2014 // A major climate change report issued over the weekend offers dire predictions, a call to action to government and industry and it assesses the blame for a rapidly changing and more volatile world on mankind. The United...
Outlook for Kansas’ Upland Mutual Insurance Revised to Stable
Nov 3 2014 // A.M. Best reported it has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-“ofUpland Mutual Insurance Inc. (Upland) in...
Experts: Insurance Distribution Future Online and Personalized
Nov 3 2014 // The future of insurance distribution was recently discussed at the CPCU Society’s annual All Industry Day in California. The day-long conference at the Sportsmen’s Lodge in Studio City last month included...
Claims Trends
Nov 3 2014 // In terms of agency E&O trends, carriers are closely eyeing an uptick in claims severity. According to Curtis Pearsall, president of Pearsall Associates Inc., a risk management consulting firm specializing agency...
4 Trends to Watch in Professional Liability for Accountants
Nov 3 2014 // There’s no shortage of accountants in the United States today, and the growth of this industry is not expected to slow anytime soon. In 2013, there were 1.17 million accountants and auditors and 1.59 million...
Three Trends to Watch for in Architects & Engineers Coverage
Nov 3 2014 // Architects and engineers are high-risk professions. A small error within their designs can potentially lead to construction delays, significant losses and an array of other costly lawsuits. Purchasing professional...
Predictions on the Demise of the Independent Agent Are Premature Yet …
Nov 3 2014 // This column has covered a number of important technology issues facing agents, including security, social media, mobile technology, and the customer experience. A groundbreaking study issued last month and an equally...
2 Explosions Trigger Debate Over Future of Private Space Business
Nov 2 2014 // Fiery failures are no stranger to the space game. It’s what happens when you push the boundaries of what technology can do, where people can go. And it happened again to Virgin Galactic’s SpaceShipTwo. In the...
Program Business Market Grew 9.8% in 2013: TMPAA
Nov 2 2014 // Commercial property/casualty insurance program administrators outperformed the overall property/casualty insurance market last year. Program business premium revenues increased by 9.8 percent, reaching $30.1 billion in...
Pennsylvania’s Mcare Fund Assessment Down 48% for 2015 Coverage
Oct 31 2014 // Pennsylvania Gov. Tom Corbett announced the assessment for the state’s Medical Care Availability and Reduction of Error (Mcare) Fund — a medical liability coverage fund run by the state — will decrease 48...
Trends Support Positive Outlook for Homeowners Insurance: Aon Benfield
Oct 31 2014 // Emerging trends support a positive profit outlook for homeowners insurers, a leading broker believes.. Reinsurance broker Aon Benfield’s 2014 Homeowners ROE Outlook concludes that insurers’ prospective...
Best Revises Outlook for Union Insurance in United Arab Emirates
Oct 31 2014 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of Union Insurance Company P.S.C. (Union) (United Arab Emirates). At the same time, A.M. Best has affirmed the financial strength...
