Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
4 Trends to Watch in Professional Liability for Accountants
Nov 3 2014 // There’s no shortage of accountants in the United States today, and the growth of this industry is not expected to slow anytime soon. In 2013, there were 1.17 million accountants and auditors and 1.59 million...
Three Trends to Watch for in Architects & Engineers Coverage
Nov 3 2014 // Architects and engineers are high-risk professions. A small error within their designs can potentially lead to construction delays, significant losses and an array of other costly lawsuits. Purchasing professional...
Predictions on the Demise of the Independent Agent Are Premature Yet …
Nov 3 2014 // This column has covered a number of important technology issues facing agents, including security, social media, mobile technology, and the customer experience. A groundbreaking study issued last month and an equally...
2 Explosions Trigger Debate Over Future of Private Space Business
Nov 2 2014 // Fiery failures are no stranger to the space game. It’s what happens when you push the boundaries of what technology can do, where people can go. And it happened again to Virgin Galactic’s SpaceShipTwo. In the...
Program Business Market Grew 9.8% in 2013: TMPAA
Nov 2 2014 // Commercial property/casualty insurance program administrators outperformed the overall property/casualty insurance market last year. Program business premium revenues increased by 9.8 percent, reaching $30.1 billion in...
Pennsylvania’s Mcare Fund Assessment Down 48% for 2015 Coverage
Oct 31 2014 // Pennsylvania Gov. Tom Corbett announced the assessment for the state’s Medical Care Availability and Reduction of Error (Mcare) Fund — a medical liability coverage fund run by the state — will decrease 48...
Trends Support Positive Outlook for Homeowners Insurance: Aon Benfield
Oct 31 2014 // Emerging trends support a positive profit outlook for homeowners insurers, a leading broker believes.. Reinsurance broker Aon Benfield’s 2014 Homeowners ROE Outlook concludes that insurers’ prospective...
Best Revises Outlook for Union Insurance in United Arab Emirates
Oct 31 2014 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of Union Insurance Company P.S.C. (Union) (United Arab Emirates). At the same time, A.M. Best has affirmed the financial strength...
Florida Approves Up to 183K Takeouts from Citizens for 2015
Oct 30 2014 // The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 180,040 personal residential policies and 2,527 commercial residential polices from Citizens Property Insurance Corp. The OIR said these...
Carpenter Report Details Impact of 2004 & 2005 Hurricane Seasons
Oct 27 2014 // Guy Carpenter & Company released Part II of the two-part Ten-Year Retrospective of the 2004 and 2005 Atlantic Hurricane Seasons. Part II focuses on the 2005 hurricane season and the cumulative effects of both the 2004...
Climate Scientists Forecast Severe Winters for Europe
Oct 27 2014 // The decline in Arctic sea ice has doubled the chance of severe winters in Europe and Asia in the past decade, according to researchers in Japan. Sea-ice melt in the Arctic, Barents and Kara seas since 2004 has made more...
Early Insured Loss Estimates on Hurricane Gonzalo Up to $400M
Oct 23 2014 // Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 million. EQECAT estimates $300 million in insured losses, about the scale caused by...
Towers Watson Predicts Moderate Global Growth, Downside Risks
Oct 22 2014 // Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular...
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,...
