Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
XL Catlin Appoints Plessis as Head of Emerging Markets
Jul 2 2015 // XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business...
Lighthouse Enters Texas Homeowners Insurance Market
Jul 2 2015 // Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000...
Report: California Workers’ Comp Losses and Expenses for 2014 Rise, Ratios Fall
Jul 1 2015 // Insurer losses and expenses rose in 2014 from the year before but ratios fell, a California Workers’ Compensation Insurance Rating Bureau report on workers’ comp losses and expenses for 2014 shows. The report...
Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals
Jul 1 2015 // Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June...
Study: North Carolina’s Outer Banks Risk Losing $2B to Rising Seas
Jun 30 2015 // With scientists expecting the seas to rise about 3 feet over the next 100 to 150 years, a new study from the National Park Service says the two national seashores on North Carolina’s Outer Banks risk losing buildings...
4 of 10 Mid-Sized Firms Have Had Data Breach: Survey
Jun 26 2015 // Forty-three percent of mid-sized businesses say they have experienced a data breach in the past three years and 13 percent have had a supplier’s data breach impact their business information. Also, according to The...
ACE Report Cautions Multinationals About Rising Professional Indemnity Risks
Jun 25 2015 // Increasing numbers of international firms are being exposed to the risk of professional negligence, misrepresentation, or breach of duty claims when operating both at home and abroad, according to a report published by ACE...
Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
Ohio Settles with Rock Salt Firms, Sets Up Online Claims Process
Jun 22 2015 // Ohio has introduced an online claims process to allow local governments to claim a share of the $11.5 million settlement with two rock salt producers that state officials say conspired to drive up prices. Public entities...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
Jun 22 2015 // A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators,...
UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey
Jun 18 2015 // A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT...
Many UK Businesses Do Not Take Risk Culture Seriously: QBE Europe Survey
Jun 15 2015 // The vast majority of UK businesses (70 percent) are failing to address the importance of embedding a positive risk culture*, according to survey conducted by UK business insurance specialist QBE European Operations, which...
Ohio Beekeepers Report Year-over-Year Colony Losses
Jun 11 2015 // Ohio beekeepers say they’ve lost much of their beehive colonies this past year, and that keeping their bees healthy is becoming increasingly difficult. From April 2014 to April 2015, Ohio beekeepers reported losing...
Growth Business: Helping Insurers Recoup Personal Injury Medical Costs
Jun 11 2015 // George Rawlings grabs a stack of computer printouts and stretches them six feet across his office, admiring data from police reports of Florida auto accidents: the names of those hurt and the severity of their...
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...
