Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Lowers Cooper Gay Swett & Crawford Ratings to ‘B-‘; Outlook Stable
Sep 2 2014 // Standard & Poor’s Ratings Services has lowered its long-term corporate credit rating on London-based global wholesale and reinsurance broker, Cooper Gay Swett & Crawford (CGSC) to ‘B-‘ from...
New York’s Staten Island Gets $56M to Control Future Flooding
Aug 29 2014 // New York officials say $33 million in federal Sandy relief will be going toward the purchase of about 24 acres on Staten Island to control future flooding. Sen. Charles Schumer and New York City Mayor Bill de Blasio...
Nationwide Eyes Growth in New Jersey Auto Insurance Market
Aug 29 2014 // Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time since 1981. “So we’ve been writing business now for about two weeks and so...
NTSB Releases Its Final Report on 2012 N.J. Freight Train Derailment
Aug 28 2014 // The National Transportation Safety Board has released its final report on systemic flaws leading up to a 2012 train derailment that leaked a dangerous gas in southern New Jersey. The report issued Tuesday was approved by...
MAPFRE Enters Life Insurance Market in Massachusetts
Aug 27 2014 // MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to...
Kentucky Workers’ Comp Loss Costs to Decrease Overall for 9th Straight Year
Aug 27 2014 // In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will show an overall decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark...
Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion
Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...
NCCI Proposes Average Workers’ Comp Rate Decrease of 2.5% in Florida
Aug 26 2014 // Florida’s Office of Insurance Regulation announced it received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average...
Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick
Aug 26 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 today by the National Academy of Social Insurance...
Commentary: Hopeful Outlook for Workers’ Comp
Aug 25 2014 // As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely...
Surveys Aim to Find Out Extent of Feral Hog Damage in Louisiana
Aug 25 2014 // Feral hogs are rooting up levees and snarfing down crops all around Louisiana, but nobody’s sure just how much damage they’re doing. The LSU AgCenter is working to get a handle on that with a pair of...
Napa Quake May Cost Up to $4 Billion as Wineries Shuttered
Aug 25 2014 // The earthquake that struck northern California yesterday will lead to economic losses of as much as $4 billion, fueled by damaged wineries and shuttered businesses that rely on tourists. Insurers will probably cover about...
Agent Survey: Not All Carrier Training Is Created Equal
Aug 25 2014 // Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the...
Report: Injury Claims Against NYC Correction Dept. Doubled in 5 Years
Aug 21 2014 // A new analysis published by the New York City comptroller’s office shows there were 2,245 personal injury correctional facility claims filed against the city’s Department of Correction in fiscal year 2014 which...
Meadowbrook Insurance Eyes Modest Growth in 2015
Aug 21 2014 // After two years of siphoning off unprofitable business, tightening underwriting and raising rates, Meadowbrook Insurance Group is looking forward to growing again, according to the company’s upper management. Even...
Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best
Aug 20 2014 // A.M. Best announced that it has “revised its ratings outlook on the global reinsurance sector to negative from stable, citing the significant ongoing market challenges that will hinder the potential for positive...
Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income
Aug 20 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit grew 19 percent as premium income climbed and banking revenue increased. Net income rose to 21.4 billion yuan ($3.5 billion), or a...
Earthquake Gap: Insurance Sales Falling As Risk Rises
Aug 19 2014 // While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information Institute. That’s a...
NCCI Proposes Workers’ Comp Loss Costs Decrease in N.H.
Aug 18 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said that based upon its review of the most recently...
Hopeful Outlook for Workers’ Comp
Aug 18 2014 // As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely...
