Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Rising Cost of Sandy Damages
Dec 3 2012 // It’s been a month since Superstorm Sandy wreaked havoc along the East Coast, devastating coastal towns and bringing a record storm surge and flooding and prolonged power outages. And the cost keeps rising. On Nov....
Surplus Lines Premiums on the Rise in Texas
Dec 3 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. Texas also...
Surplus Lines Premium on the Rise in Texas
Nov 30 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state...
New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims
Nov 30 2012 // New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when...
Health Care Workers’ Comp Claim Severity On the Rise: Aon
Nov 29 2012 // Workers’ compensation claim frequency is expected to decrease but claim severity will rise in 2013 for the health care industry, according to a new report. Aon Risk Solutions, the global risk management business of...
Munich Re Study Focuses on Rising ‘Cyber Crime’
Nov 29 2012 // “Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute....
Torus Survey: Top Issues in Management Liability & Professional Lines Market
Nov 29 2012 // A recent survey* undertaken by global specialty insurer Torus has highlighted a myriad of current issues facing the management liability and professional lines market. Designed to identify key trends affecting this...
Best Affirms Zurich Insurance and Group ‘A+’ Ratings; Outlook Stable
Nov 28 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss-based Zurich Insurance Company Limited...
Survey Finds Safety Concerns Among Southern California’s MTA Employees
Nov 27 2012 // In a survey of Metro transit workers, most gave the agency in Southern California high marks for safety overall, but nearly half said they have encountered close calls on the job that could have resulted in serious injury...
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
New Land, but also Costs, as Nordic Nations Rise from the Sea
Nov 27 2012 // A Stone Age camp that used to be by the shore is now 200 km (125 miles) from the Baltic Sea. Sheep graze on what was the seabed in the 15th century, and Sweden’s port of Lulea risks getting too shallow for ships. In...
New Jersey Shore Towns to Get New Flood Maps by 2013
Nov 26 2012 // Some residents of New Jersey’s coastal towns may soon be required to purchase flood insurance, and not just because of the recent devastation wrought by Hurricane Sandy. By next year, the Federal Emergency Management...
Commentary: Rebuilding After Sandy, Building for the Future
Nov 26 2012 // Facing the largest natural disaster since Hurricane Katrina, America’s property/casualty insurers have already begun paying tens of thousands of claims to the victims of ‘Super Storm’ Sandy, honoring...
AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.
Nov 21 2012 // AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to...
Florida OKs Allstate’s Castle Key Rate Increases
Nov 21 2012 // Florida regulators have approved a statewide average rate increase of 14.9 percent for Allstate ‘s Florida unit, Castle Key Insurance Co. The change will apply to Castle Key’s existing homeowners, renters and...
AIG, Others to Take up Half of China PICC’s $3.6 Billion Hong Kong IPO
Nov 21 2012 // Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years. The...
Maine Approves Decrease in WC Loss Costs; $3.5M in Savings Expected
Nov 19 2012 // Maine Insurance Superintendent Eric Cioppa announced last week that the state’s Bureau of Insurance has received, reviewed and approved the National Council on Compensation Insurance’s 2013 loss cost filing...
World Economic Climate Continues to Decline: ICC/Ifo Survey
Nov 19 2012 // The health of the world’s economy continues to deteriorate as insufficient demand, unemployment and the on-going debt crisis in Europe undermine recovery efforts, according to the latest findings from the ICC-Ifo...
Best Affirms Torus Group Ratings; Outlook Stable
Nov 19 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
