Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Fitch: P/C Insurer Profit Up in 2012; Reinsurers Recover
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions. Fitch...
Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
Report Warns of Rise in Maritime Crime in South East Asia
Mar 18 2013 // UK’-based marine intelligence provider, Dryad Maritime, is releasing a special report – “Special Advisory Southeast Asia. Disorganized theft to organized crime” – which will focus on the rise...
ACE Private Risk Survey: High Net Worth Families Overpaying to be Underinsured
Mar 14 2013 // Most wealthy individuals and families who insure their assets with carriers geared primarily for the average U.S. household overpay for coverage that leaves their wealth unnecessarily exposed to the risk of severe...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings; Outlook Stable
Mar 14 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Chubb Corporation, also known...
Carnival Reviews Entire Fleet; Cruise Ship Industry Retains Rosy Outlook
Mar 13 2013 // Carnival Corp. has launched a comprehensive review of its entire fleet after a fire crippled one of its ships last month, and will share its findings across the industry, Carnival Cruise Lines’ chief executive told a...
President Obama Meeting with CEOs Over Increasing Cyber Threats
Mar 13 2013 // Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate leaders about the issue, as concerns rise about hacking attacks emanating from...
Capital Growth Outpaced P/C Premiums In 2012: Moody’s
Mar 13 2013 // Moody’s Investor’s Service reported that the property/casualty insurance industry’s capital growth outpaced premium growth last year, and that earnings for the year jumped nearly 50 percent over...
Suspicious Roofing Claims in Texas Increase 50% Since 2010
Mar 12 2013 // Long known for its epic weather-related events, a report released today by the National Insurance Crime Bureau indicates that some Texas insurance fraud might also be prompted by weather. Since 2010, questionable roofing...
New York’s Fracking Health Study Results Likely Years Off
Mar 11 2013 // A health study cited by leading environmentalist Robert F. Kennedy Jr. as pivotal in helping persuade Gov. Andrew Cuomo to hold off on plans for limited gas drilling is likely years away from conclusions about whether the...
Gallup: Texas Uninsured Rate Rises, Sets Record
Mar 11 2013 // A new Gallup poll reports that Texas has the highest percentage of people ever recorded without health insurance at 28.8 percent. The poll released comes one year after the U.S. Census Bureau reported 24.4 percent of...
Japan’s Clean-Up from 2011 Tsunami, Nuclear Accident Lagging
Mar 11 2013 // Two years after the triple calamities of earthquake, tsunami and nuclear disaster ravaged Japan’s northeastern Pacific coast, debris containing asbestos, lead, PCBs — and perhaps most worrying — radioactive waste...
Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson
Mar 11 2013 // Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases across every line...
Industry Predictions
Mar 11 2013 // San Diego, Calif.-based Mitchell, a provider of technology and information to the property/casualty claims and collision repair industries, recently released its predictions for trends related to cloud computing and big...
Survey: Most Texas Voters Support Licensing Roofers
Mar 11 2013 // A recent survey shows that most registered Texas voters support the licensing of roofers in the state. According to the survey by the Insurance Council of Texas (ICT), when asked if roofing contractors should be licensed...
Fine Art’s Place in the Insurance Market
Mar 11 2013 // Whether it’s in a museum, gallery or in a high-net-worth customer’s home, fine art and collectible items hold special places in the hearts of insureds. Andrew Gristina, the national segment leader for fine art...
Insurance Agency M&As Hit All-Time High in 2012: Survey
Mar 11 2013 // A survey of insurance agencies in the United States and Canada shows that agency mergers and acquisitions hit an all-time high in 2012, according to a Chicago-based M&A advisory firm. There were 291 reported agency...
Large Employers to Keep Health Insurance Benefit for Now: Survey
Mar 7 2013 // Most large employers don’t expect to send their full-time employees to government health exchanges for insurance during the next five years, but some retirees and part-time workers will end up there, a new survey has...
North Carolina Approves 7% Home Insurance Rate Increase
Mar 7 2013 // North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance...
SCOR Posts $545 Million 2012 Net Income; Strong Growth
Mar 7 2013 // France’s SCOR Group reported a solid performance for 2012, which it said “continues to combine growth, profitability and solvency.” Highlights for the year were listed as follows: •Gross written...
