Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Record Aviation Claims Driving Up Premiums
Oct 21 2014 // Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty bill dwarfs the $60-$90...
Travelers’ Profit Up 6% for Q3 on Investment Income, Lower Cat Losses
Oct 21 2014 // The Travelers Companies Inc. today reported net income of $919 million for the quarter ended Sept. 30, 2014, up more than six percent compared to net income of $864 million in the prior year quarter. Operating income in...
Management of Top Risks Unsatisfactory, Say Risk Managers in FERMA Survey
Oct 20 2014 // Risk managers are not satisfied with the level of mitigation for six of the top 10 risks “that keep their CEO awake at night,” which is one of the key findings of the 2014 Risk Management Benchmarking Survey...
P/C Direct Premium Written Up 5.2% in First-Half of 2014
Oct 20 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record high for the industry. For 2013, total DPW...
Hail Claim Losses Increasing in Number, Severity
Oct 20 2014 // From 2002 through 2013 property/casualty insurers paid out $54 billion in claims losses on almost 9 million residential properties, but the majority of those losses occurred between 2008 and 2013, according to a report...
DCRB Seeks Decrease in Del. WC Voluntary Loss Costs, Residual Market Rates
Oct 17 2014 // The Delaware Department of Insurance said it has received the Delaware Compensation Rating Bureau’s (DCRB) filing proposing a decrease in both the workers’ compensation voluntary market loss costs and the...
Large Agencies More Optimistic About Future Growth: Vertafore Study
Oct 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...
Tropical Storm Ana Forecast to Impact Hawaii This Weekend
Oct 17 2014 // A Central Pacific Hurricane Center advisory shows Tropical Storm Ana is located 315 miles south-southwest of Hilo, Hawaii, with maximum sustained winds of 70 mph. While Ana is gradually strengthening, and may achieve...
A.M. Best Revises Outlook to Negative for Frederick Mutual in Maryland
Oct 17 2014 // Ratings agency A.M. Best said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of...
Obamacare Mitigates Costs for Big Employers, Refuting Lobbyists’ Predictions
Oct 16 2014 // Business groups said soon after Obamacare became law in 2010 that the sweeping healthcare overhaul would impose huge new costs on U.S. employers, leading to job losses. Three years later, with the Patient Protection and...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
Florida Regulators Consider NCCI Request for 3.3% Rate Decrease
Oct 15 2014 // Florida’s workers’ compensation insurers rating agency says its request for a 3.3 decrease in rates reflects a stable market, although it cautioned that pending court cases could severely impact the...
CDC Steps Up Ebola Risk Management, Names Expert Team for Hospitals
Oct 15 2014 // A team of infection experts will be sent to any U.S. hospital with a confirmed Ebola case, according to the nation’s top disease control official, who said such a group could have prevented the infection of a Dallas...
Experts: Insurance Distribution Future Online and Personalized
Oct 14 2014 // The future of insurance distribution was discussed at the CPCU Society’s annual All Industry Day in California on Tuesday. The day-long conference at the Sportsmen’s Lodge in Studio City included panels on the...
Best Report: Spain’s Insurance Market Remains Profitable
Oct 14 2014 // As Spain’s economy shows signs of improvement, there are indications that the decline in the country’s non-life insurance market has slowed in 2014, aided by growth in the health insurance sector, according to...
Report: Kansas Job Growth Lagging but There’s Hope for Next Year
Oct 10 2014 // A new report shows Kansas job growth is lagging well behind the nation but predicts the employment outlook will be better next year. Wichita State University’s Center for Economic Development and Business Research on...
P/C Insurers Rush to Meet Rising Demand for Cyber Insurance
Oct 9 2014 // Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this...
Deer-Related Car Crashes Declined in Ohio in 2013
Oct 7 2014 // Ohio officials say the number of reported deer-related car crashes in the state decreased in 2013. The Ohio Department of Public Safety says about 20,200 deer-vehicle crashes were reported last year. That’s nearly...
NYIA: Many Renters Lack Renters Insurance Despite Premium Decreases
Oct 6 2014 // The New York Insurance Association (NYIA) says the percentage of renters buying renters insurance has been falling nationally in recent years even as premiums become more affordable. According to a 2014 Insurance...
Coverage Options, Capacity Increase for Extreme Sports, Entertainment Risks Despite Exposures
Oct 6 2014 // Recent headline-making entertainment incidents – such as the death of actor Paul Walker during filming of the movie “Fast & Furious 7,” the collapse of the stage during country music band...
