Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
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...
