Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Insurance Commissioner: Auto Theft Declines in Louisiana
Nov 6 2012 // Louisiana Commissioner of Insurance Jim Donelon reported that the number of vehicle thefts in Louisiana has declined nearly 42 percent over a five-year period from 2006 through 2011. The latest figures from the FBI Uniform...
Xchanging Speeds up London Market BI Recovery – 24 Hours to 15 Minutes
Nov 6 2012 // Xchanging, the business process, procurement and technology services provider and integrator, announced that “following a series of tests, it has demonstrated a significant increase in its data recovery capability...
Zurich/Advisen Poll Finds Cyber Risk Awareness Increasing
Nov 6 2012 // A note from Zurich Insurance indicates that the “vast majority of risk professionals say information security and other cyber risks are at least a moderate threat to their organizations,” according to a new...
Hannover Re Sees Little Sandy Impact; Raises Profit Forecasts
Nov 6 2012 // Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and...
Program Business Hits $24.7B in 2011: Study
Nov 5 2012 // The program business market reached $24.7 billion in gross written premiums in 2011, up from $22.6 billion in 2010, according to a new industry study. Premium revenues increased 5 percent, according to the “State of...
UK Drivers Poor Eyesight Costs $52.7 Million a Year Says RSA Report
Nov 5 2012 // A new report, commissioned by global UK-based insurer RSA, has found that road accidents caused by poor driver vision cost the UK an estimated £33 million [$52.7 million] a year and result in nearly 2,900 casualties, with...
Florida Workers’ Comp Rates Going Up
Nov 5 2012 // Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation. The decision was based on a filing submitted for insurers...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Vehicle Thefts Down in Louisiana
Nov 5 2012 // Insurance Commissioner Jim Donelon says Louisiana is “is actively engaged in the prevention of insurance fraud and vehicle theft.” According to the Louisiana Department of Insurance, the number of auto thefts...
Louisiana Employment, Wages Increased in 2011
Nov 5 2012 // Employment in Louisiana increased by a modest 0.8 percent in 2011 compared with 2010, but wages grew by 3 percent during the same period, according to data released by the Louisiana Workforce Commission. The data covers...
Texas Lawmaker: TWIA’s Ike Litigation Costs Still Rising
Nov 5 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to 2008’s Hurricane Ike, one state lawmaker says. Information released by Rep. Larry...
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Nov 5 2012 // A slow trend toward economic recovery in the United States may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in...
Trends
Nov 5 2012 // It’s interesting to see what’s on people’s minds as potential catastrophes develop. Google’s top search on Oct. 29 as Hurricane Sandy approached the East Coast were for the “Weather...
Survey: One-fourth of Nevada Drivers Use Hand-Held Phones
Nov 5 2012 // A statewide survey shows 27 percent of Nevadans still use hand-held telephones while driving, despite a state law banning the practice that took effect Jan. 1. University of Nevada, Reno, researchers say the third annual...
Q2 Direct Premium Written Up Nearly 5% for P/C Companies
Nov 5 2012 // Overall, property/casualty insurance companies continued to serve their clients during an increased number of catastrophic events in 2011 as well as the tough economic conditions that have defined the better part of the...
Southern California-based Mercury Corp.’s 3Q Net Premiums Up 3.4%
Oct 29 2012 // Mercury General Corp.’s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, Calif.-based company reported on Monday. Mercury reported third-quarter net income of...
Initial Forecast: $5-10B Insured Losses Expected From Sandy: Eqecat
Oct 29 2012 // As the east coast braces for the impact of Hurricane Sandy, catastrophe risk modeling firm Eqecat issued this morning a preliminary estimate for potential economic and insured losses.A satellite image of Hurricane Sandy...
Texas Lawmaker: Windpool’s Ike Litigation Costs Still Rising
Oct 29 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says. Information released by...
Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe...
