Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida Regulators Disapprove NCCI’s 1% WC Rate Increase Proposal
Oct 23 2013 // Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its 1-percent proposed annual rate filing increase in Florida’s workers’...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%
Oct 22 2013 // In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European...
Supreme Court Declines Privacy Claim Against Resale of Driving Records
Oct 22 2013 // The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy law. The decision not...
W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%
Oct 22 2013 // W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in...
Wyoming Traffic Fatalities Decrease In 2013
Oct 21 2013 // The Wyoming Highway Patrol says traffic fatalities in the state have decreased this year. Sgt. Steve Townsend tells KGWN-TV that 120 people died in traffic accidents in Wyoming last year. There have been only 67 traffic...
Europe 9 Month Nat Cat Losses $23 Billion+; Trending Upwards: Munich Re
Oct 21 2013 // A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of...
The Future is Now for Usage-Based Auto Insurance
Oct 21 2013 // Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto...
Green Insurance Market: Competitive and Growing
Oct 21 2013 // The green insurance market is a good market in every sense of the word. The green building industry is growing. The insurance market for green buildings — both residential and commercial property coverage — is also...
Managing Nanotechnology and Other Emerging Risks
Oct 21 2013 // Insurers need to learn how to manage new risks, not just exclude them, and actuaries can help. Since the mid-1980s, casualty insurance has shrunk as a share of gross domestic product. Insurers have been able to push...
Report: Louisiana Could Have More Than 2M Jobs in 2015
Oct 18 2013 // Growth in the Lake Charles and Baton Rouge, La., areas is expected to help boost employment in Louisiana to an all-time high of more than 2 million jobs in 2015 in spite of plodding national growth, a new report...
Vermont to Get More Money to Stem Future Flood Damage
Oct 18 2013 // Vermont is in line to receive up to an estimated $4 million in additional funding to help reduce future flood damage, and communities have just over a month to apply for the money, which can be used for such projects as...
New Hampshire Approves NCCI’s Filing for WC Advisory Loss Cost Decrease
Oct 18 2013 // New Hampshire’s insurance department this week approved the National Council on Compensation Insurance’s advisory loss cost and rating values filing, to be effective Jan. 1, 2014. NCCI filed its request in...
Tell Us About Your Agency’s E&O – Take Our Survey Now
Oct 17 2013 // Insurance Journal is again on the search to find out what’s happening in the agency errors and omissions (E&O) environment. The final deadline to participate in this year’s survey is Monday, Oct. 21 We...
Health Cost Increases in 2013 Were Lowest in Decade: Aon Hewitt
Oct 17 2013 // There was some relatively good news in health care this year. U.S. employers and their employees saw the lowest health care premium rate increases in 2013 in more than a decade, according to global consultant Aon...
Aon Benfield 1st Half 2013 Lloyd’s Report: Premiums up; Profits Down
Oct 17 2013 // Aon Benfield’s Analytics’ Market Analysis team has updated its report on Lloyd’s to reflect the latest financial figures for the first half of 2013 and business position going into 2014. Key figures in...
Many New Yorkers Say City’s Storm Risk Rising: Swiss Re Survey
Oct 16 2013 // With Superstorm Sandy’s one-year anniversary approaching, 51 percent of New Yorkers believe that the risk of their city being hit by another powerful storm will increase over the next two decades, according to a...
Best’s Report on Latin America Insurance Market Highlights Growth
Oct 16 2013 // A newly issued report from A.M. Best cites International Monetary Fund (IMF) statistics, showing that “Latin American countries had an estimated population of 581 million in 2012 and a combined gross domestic...
Australia Weather Bureau Forecasts up to 11 Cyclones in Storm Season
Oct 15 2013 // Australia can expect an average cyclone season with up to 11 tropical storms, four of them severe, in the next six months, the Bureau of Meteorology forecast said on Monday. Australia’s cyclone season runs from Nov....
What’s Happening in Agency E&O? Take This Survey to Find Out
Oct 11 2013 // Insurance Journal is again on the search to find out what’s happening in the agency errors and omissions (E&O) environment. We invite you to participate in the 2013 Agency Errors & Omissions Survey, which...
