Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Insurers, Government Grapple with Costs of Growth in Wildland-Urban Interface
Aug 15 2013 // The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to wildfire-prone areas in ever...
Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale
Aug 14 2013 // Talanx AG, the German insurer that sold stock in an initial public offering last year, raised its profit goal for 2013 after the sale of shares in Swiss Life Holding AG boosted earnings. Talanx is “cautiously...
Combined Insurance Survey Reveals Top Job Differentiators for New Agents
Aug 12 2013 // A survey by Illinois-based Combined Insurance of more than 400 of its new sales agents reveals that sales training and career advancement opportunities rank top when applying to and choosing an insurance sales employer,...
Data Shows Decline in Boat Thefts in Ohio
Aug 12 2013 // Authorities say recently released statistics show boat thefts in Ohio continued to decline last year. Data compiled by the nonprofit National Insurance Crime Bureau shows that about 95 boats and other watercraft were...
Texas Automobile Insurance Plan Association Rates to Rise
Aug 12 2013 // Rates charged for private passenger automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA) will increase overall by 5.6 percent, the Texas Department of Insurance reports. New rates...
Best Affirms Generali, Main Subs Ratings; Outlook Remains Negative
Aug 12 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Assicurazioni Generali S.p.A. and its main...
AssuredPartners Posts 36.7% Revenue Increase in 2012
Aug 9 2013 // Lake Mary, Fla.-based AssuredPartners Inc. posted a revenue increase of 36.7 percent in 2012, compared to 2011 revenue. AssuredPartners, founded in March 2011, grew revenue from $172,316,140 in 2011 to $235,604,040 in...
NCCI Filing Seeks Decrease in N.H. Workers’ Comp Loss Costs, Assigned Risk Rates
Aug 9 2013 // The National Council on Compensation Insurance (NCCI) recently delivered a workers compensation loss cost filing to the New Hampshire Insurance Department. Based upon its review of the most recently available data, NCCI...
Best Affirms Alterra Capital and Subs Ratings; Outlook Stable
Aug 9 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited and its affiliated operating companies, as well as...
NOAA Updates Hurricane Forecast
Aug 9 2013 // The National Oceanic and Atmospheric Administration (NOAA) on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season but said it still expected “above normal” storm activity this...
Mississippi Wind Pool Rates to Rise
Aug 9 2013 // Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reported that a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes...
Collected Forecasts for 2013 Atlantic Hurricane Season
Aug 9 2013 // The U.S. government climate agency on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season, but said it still expected “above normal” storm activity this year. The National Oceanic and...
NCCI Files for 4.5% Decrease in Illinois Work Comp Advisory Rates
Aug 9 2013 // The National Council on Compensation Insurance (NCCI) has filed for an 4.5 percent decrease in voluntary advisory insurance rates in Illinois, effective Jan. 1, 2014. The Illinois Workers’ Compensation Commission...
Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases
Aug 8 2013 // Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six...
ING Eyes More Cost Cuts as Profits Top Forecast; Insurance Divestment Planned
Aug 8 2013 // Dutch financial group ING beat second-quarter profit forecasts at its banking business and said it could announce more cost savings later this year as it continues to slim down in a drive to recover from the financial...
Commercial Rate Increases Slowed in July: MarketScout
Aug 6 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Lloyd’s Comments on Record Cannes Jewelry Heist
Aug 6 2013 // An article on the Lloyd’s of London website notes that the value of diamonds stolen in an armed robbery in Cannes on July 28 “has been estimated at nearly £90 million [€100 million, $133 million], making it...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 6 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
Conn. Insurers Required to Participate in Climate Risk Surveys
Aug 5 2013 // Connecticut Insurance Commissioner Thomas Leonardi announced on July 17 that Conn.-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted in 2009 as a voluntary...
Risk Managers Report Total Cost of Risk Up As Market Firms
Aug 5 2013 // Businesses paid about 5 percent more in 2012 than they did in 2011 to cover the total cost of risk. That compares to a rise of only 1.7 percent in 2011, according to the 2013 Risk & Insurance Management Society (RIMS)...
