Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey: Michigan Voters Support No-Fault Reform
Apr 18 2013 // According to a recent statewide poll commissioned by the Coalition for Auto Insurance Reform (CAIR), an overwhelming number of Michigan voters believe their auto insurance premiums are too high and support no-fault reform...
Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC
Apr 16 2013 // Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its annual securities litigation...
N.J. Transit: Post-Sandy Costs $450M and Still Rising; Federal Funds, Insurance to Cover Losses
Apr 12 2013 // The costs continue to mount for New Jersey Transit in the wake of Superstorm Sandy. At its monthly board meeting Wednesday, the agency approved paying another $28 million to a Canadian company to repair locomotives damaged...
Insurer: Arson Ring Operated for 2 Decades in Flint, Michigan
Apr 12 2013 // An insurance company says more than a dozen people operated an arson-for-profit ring in Flint, Mich., that collected more than $2 million over two decades. The Flint Journal reports State Farm Insurance says in a lawsuit...
Class Action Suits Against Accountants Declined in 2012
Apr 12 2013 // Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research. As...
PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market
Apr 12 2013 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU...
WTO Cuts 2013 Trade Forecast; Sees Protectionist Threat
Apr 11 2013 // The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase. It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5...
2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida
Apr 10 2013 // The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine...
Best Affirms Ratings of Endurance Specialty and Subs; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR...
Best Affirms Aegon’s U.S. and Canadian Subs Ratings; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
What’s in a Blog? Blogging About What’s Trending – Part 3
Apr 9 2013 // This post is part of a series on insurance marketing and training sponsored by Astonish. In part one and part two, I shared some secrets on what to blog about to attract web visitors to your website. This is the final...
Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable
Apr 8 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary,...
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Apr 5 2013 // Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest...
Survey Shows Growth in Midwest Economy
Apr 3 2013 // A monthly economic survey index for nine Midwest and Plains states jumped last month, suggesting improving economic growth for the region over the next three to six months. The Mid-America Business Conditions index hit...
State Fund 2012 Annual Report Shows Net Income Increase
Apr 2 2013 // California’s State Compensation Fund’s annual report for 2012 was released online Tuesday, and it reflects an increase in net income for California’s largest workers’ comp insurer. The report comes...
Nearly 40% of Texans Admit Being Scared by Texas Weather: Survey
Apr 2 2013 // Thirty-seven percent of Texans say Lone Star State spring storms scare them, and more than a third say they feel the weather is getting worse year after year, according to a new survey by Allstate Insurance Co. The number...
Willis Re Sees Increased Capital Inflows as Threat to Reinsurers
Apr 2 2013 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that “many traditional reinsurers now see the flow of capital coming into the reinsurance market as a direct threat to their...
PERILS Updates European Cat Exposure Database for 2013; 1.9% Rise in Values
Apr 2 2013 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for 2013 of its European Industry Exposure Database, which contains updated market-wide...
UK’s New Regulators Take Over; FCA Now Responsible for Insurance Sector
Apr 1 2013 // In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK’s financial services industry since 1997, including insurance...
