Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Outlook for Texas-Based Columbia Lloyds Insurance Revised to Stable
Sep 18 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of the members of Houston, Texas-based Columbia Lloyds...
Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to...
Workplace Deaths Increase in Indiana in 2013
Sep 17 2014 // State officials say the number of workplace deaths in Indiana was up in 2013, but it was still the third-lowest number of fatalities recorded in the past 22 years. The Indiana Department of Labor reports the state had 123...
Demand for Liability Insurance to Rise Again: Swiss Re
Sep 15 2014 // Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk,...
Texas Sees Decrease in Fatal Occupational Injuries in 2013
Sep 11 2014 // In 2013, there were 493 fatal occupational injuries in Texas, an 8 percent decrease from 536 in 2012, the Texas Department of Insurance reported. The figures are based on preliminary data released release by the U.S....
Millennials Aspire to Be Workplace Leaders; Seek Training: Survey
Sep 11 2014 // As the 80 million millennials (ages 18-33) start to play a larger role in the U.S. workplace, they aspire to lead in business in the next five years, according to a new survey. The Hartford’s 2014 Millennial...
Commercial Price Increase Slowdown Carried Into Q2 with Few Exceptions
Sep 9 2014 // Commercial insurance prices continued to moderate in the 2014 second quarter. This time, they inched up 3 percent in aggregate, versus a 4 percent increase in the first three months of this year, a new Towers Watson survey...
Communities at Risk in Wake of Failure to Address Rising Seas
Sep 8 2014 // Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels. The...
Insurance Costs Increase for Missouri Town after Settlement
Sep 8 2014 // A southwest Missouri city said its insurance deductible has increased by $95,000 after it recently settled a harassment complaint with a former employee. Last month, Ozark settled a lawsuit with former human resources...
Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick
Sep 8 2014 // Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released last month by the National Academy of Social...
Florida Weighs 2.5% Workers’ Comp Rate Decrease
Sep 8 2014 // Florida workers’ compensation writers have recommended a 2.5 percent rate decrease for 2015. The Office of Insurance Regulation has received the filing by the National Council on Compensation Insurance (NCCI), which...
Everyone Likes a Hard Insurance Market, Right?
Sep 8 2014 // What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good...
MAPFRE Enters Mass. Life Insurance Market
Sep 8 2014 // MAPFRE U.S.A. has begun selling a term life insurance product in Massachusetts, where MAPFRE’s subsidiary, Commerce Insurance, is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its...
Oklahoma 2015 Health Insurance Exchange Rates Include Hikes, Decreases
Sep 5 2014 // Oklahomans shopping for individual health insurance policies through the federal exchange will be able to choose from six different companies offering multiple plans, the Oklahoma Insurance Department announced. Rate...
Two Plead Guilty in Iowa to Defrauding AIG, Face Decades in Prison
Sep 4 2014 // Former Iowa resident Christina M. Pender and California resident Robert K. Taylor have pled guilty to defrauding insurance company AIG out of hundreds of thousands of dollars, the U.S. Attorney’s Office for the...
Over 1M Mass. Residents Had Personal Data Compromised in 2013: Report
Sep 4 2014 // Over a million Massachusetts residents had their personal information compromised last year, according to a new report issued today by the state’s Office of Consumer Affairs and Business Regulation (OCABR). The...
WCRI Study Examines Trends in N.Y. Workers’ Comp System
Sep 4 2014 // The Workers Compensation Research Institute (WCRI) in Massachusetts has published a new report that examines the performance of the New York workers’ compensation system following reforms enacted in 2007. The new...
Workers’ Comp Loss Costs Declining Again in Oklahoma
Sep 3 2014 // For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has...
California State Funds Continue to Shake Up Cat Bond Market
Sep 3 2014 // California’s recent “Winequake” brought the public’s focus back to the state’s significant vulnerability to seismic events. Fortunately, the tremors, while costly, did not tally a high human...
CGSC CEO Esser Targets Acquisitions, Cost Reductions to Reestablish Growth
Sep 2 2014 // Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has announced plans to streamline costs and generate operational efficiencies following the filing of the group’s 2013...
