Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
A Forecast-Busting Atlantic Hurricane Season
Sep 23 2013 // The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a dud so far as an unusual calm has been hanging over the tropics. As the season...
Best Affirms Donegal Insurance Group Ratings; Outlook Stable
Sep 19 2013 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Pennsylvania-based members of the Donegal Insurance Group, as well as...
Private Market Will Dry Up If Federal Terrorism Insurance Not Renewed: Aon
Sep 18 2013 // Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its “market intelligence” in...
D&O Lawsuits by FDIC on Record-Setting Pace: Cornerstone Research
Sep 17 2013 // This year’s Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone Research —...
Karen Clark & Co. Report Looks Back at New England Hurricane of 1938
Sep 16 2013 // Karen Clark & Company, independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report, in conjunction with the 75th anniversary of the Great New England Hurricane,...
Violent, Property Crimes Decreased in 2012: FBI
Sep 16 2013 // The FBI estimates that in 2012, the number of violent crimes increased 0.7 percent while property crimes decreased 0.9 percent, the tenth straight year of declines for these offenses, collectively. The 2012 statistics show...
Insurers Expect Increase in Personal Lines, Workers’ Compensation Fraud
Sep 13 2013 // One in three U.S. and Canadian insurers does not feel adequately protected against fraud and more than half expect personal lines and workers’ compensation fraud to increase this year. The survey by FICO, a...
Veterans’ Medical Malpractice Costs Rising As More Soldiers Seek Care
Sep 13 2013 // Christopher Ellison went to a veterans medical center in Philadelphia to get eight teeth extracted in 2007. What should have been a routine dentist visit left him permanently incapacitated. The $17.5 million Ellison and...
Texas Windstorm Insurance Rates to Rise Again in January
Sep 12 2013 // The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates beginning in January 2014. The Texas Windstorm Insurance Association board of directors...
Oregon Looks At Beefing Up Health Insurance Premium Reviews
Sep 12 2013 // Oregon health officials are considering whether to use the state’s authority to approve or reject health insurance premiums as a tool to drive down health care costs. The idea is one of several suggestions for...
Florida Approves 6.3% Increase In Citizens Homeowners Rates
Sep 11 2013 // Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies...
Commercial Insurance Prices Continued Up in Q2: Towers Watson
Sep 10 2013 // Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey...
Workers’ Compensation Loss Costs Going Down Again in Kentucky
Sep 9 2013 // Workers’ compensation loss costs used by insurers in figuring rates to charge employers are going down for the eighth straight year. The loss cost figures show an average reduction of 7.9 percent for the 590...
Oklahoma Sees Double Digit Decrease in Workers’ Comp Loss Costs
Sep 9 2013 // An annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a dramatic decrease in loss costs, Oklahoma Insurance Commissioner John D. Doak announced. The overall loss...
Premium Increases Under Obamacare Not as High as Expected: Study
Sep 9 2013 // The federal Affordable Care Act will not lead to widespread premium increases in the individual health insurance market. That’s according to a new analysis of 10 states and the United States overall by RAND Corp.,...
Workers’ Compensation Benefits, Employer Costs Rise: Study
Sep 9 2013 // Both workers’ compensation benefits paid to insureds and costs for employers increased in 2011, a new study revealed. Total workers’ comp costs to employers rose by 7.1 percent to $77.1 billion, while...
28th Annual Market & Financial Outlook Survey Reveals an Optimistic Marketplace: MarshBerry
Sep 9 2013 // In June of this year, MarshBerry launched its 28th Annual Market & Financial Outlook Survey in conjunction with Insurance Journal. The survey compiled anonymous general independent agency information along with...
Florida’s Citizens Increasing Rates on Some Commercial Policies
Sep 6 2013 // Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent increase in condominium association multiperil policies. Citizens Property Insurance Corp....
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Auto Tire and Rim Thefts Increasing in Metro Detroit
Sep 5 2013 // Tire and rim thefts are increasing sharply in Detroit, Mich., according to Help Eliminate Auto Thefts (H.E.A.T.) and the American Car Rental Association (ACRA). H.E.A.T. is Michigan’s statewide auto theft prevention...
