Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Best Europe Affirms SCOR and Main Subs Ratings; Outlook Stable
Oct 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of French reinsurer SCOR SE and its main...
Best Affirms China Re and Subs Ratings; Outlook Stable
Oct 11 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of China Reinsurance (Group) Corporation and its subsidiaries, China Property &...
Allstate Sees Increasing Demand in Mass., Plans to Add 130 New Agents
Oct 10 2013 // Allstate Insurance Company announced this week it is planning to appoint more than 130 new insurance agents in Massachusetts by the end of next year. The expansion is in response to what the company described as an...
Progressive: Investment Income Slips; Premiums and Auto Policies Up
Oct 10 2013 // Progressive Corp., the fourth-largest U.S. auto insurer, said profit dropped 16 percent as investment income declined for a 12th straight quarter. Third-quarter net income decreased to $232.4 million, or 39 cents a share,...
N.J. Group Urges Gov’t to Establish Extreme Weather Superfund for Future Disasters
Oct 9 2013 // A New Jersey-based nonprofit group is calling on the federal government to establish a permanent funding source to prepare for future natural catastrophes. The group, called US Strong, says in its new report that an...
Forecast for 2014 Commercial P/C Pricing: Willis
Oct 9 2013 // Commercial property insurance buyers could see prices fall from 10 to 20 percent on non-catastrophe risks in 2014 thanks to the influx of alternative capital to the insurance industry, insurance and reinsurance broker...
Georgia Auto Parts Plant Cited 18 Times by OSHA Since 2009: Report
Oct 9 2013 // Representatives of a car parts manufacturing company say they’ve remedied several issues and have increased training after receiving the most federal safety violations in Georgia. The Atlanta Journal-Constitution...
Commercial Rates Up 5% in September: MarketScout
Oct 7 2013 // U.S. businesses buying property/casualty insurance in September saw a five percent rate increase on average, according to the latest index from MarketScout. MarketScout said the composite rate for was up from plus 4...
