Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Louisiana in 2011 Saw Decline in Rear-Seat Passenger Deaths
Oct 10 2012 // More people in Louisiana seem to be buckling up in the back seat. The Louisiana Highway Safety Commission says preliminary crash data shows that 34 rear-seat passengers were killed in Louisiana crashes in 2011. The...
Best Affirms Greenlight Re and Affiliates Ratings; Outlook Stable
Oct 10 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Greenlight Reinsurance, Ltd., as well as the FSR of ‘A-‘...
Best’s Report on Spanish Non-Life Sector Finds Profits, Future Challenges
Oct 10 2012 // “The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging, as it continues to face one of the bleakest economic environments since the 1930s,” according to a new report...
NCCI Recommends Conn. WC Loss Costs and Rates Increases
Oct 9 2012 // The National Council on Compensation Insurance recently filed a proposal for workers’ comp loss costs and rates increases in Connecticut. The NCCI is proposing that the Connecticut regulators approve a +7.1 percent...
D.C. Merges Insurance Markets Under Health Care Law
Oct 9 2012 // Small businesses in Washington will be required to buy employee health insurance through a city-run exchange beginning in 2014. The District of Columbia is combining its health care exchange markets for individuals and...
U.S. Insurers Say Fraud Costs on the Rise: Survey
Oct 9 2012 // Forty-five percent of insurers estimated that insurance fraud costs represent 5-10 percent of their claims volume, while 32 percent said the ratio is as high as 20 percent. This is according to a survey of U.S. insurers...
State Auto Estimates $6.5 – $7.5Mn Q3 Cat Losses; RED Reserves Increased
Oct 9 2012 // State Auto Financial Corporation (STFC) estimates the impact of catastrophe losses in the third quarter of 2012 at between $6.5 million and $7.5 million in pre-tax net. It noted that during the quarter six catastrophe...
Best Affirms Sirius International Group’s Ratings; Outlook Stable
Oct 8 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Sweden’s Sirius International...
Beyond ‘Profits-Only’: 3 Trends That Will Affect Your Bottom Line
Oct 8 2012 // Global trends are like a river. Sometimes they are powerful, sometimes they are weak and sometimes they are so mellow a business can glide along like it’s on a leisurely, summer afternoon pontoon boat ride. But right...
Study: Homeowners Insurance Claims Cost Rising Rapidly
Oct 8 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research...
Florida’s Citizens Defends Proposed 11.2% Rate Increase
Oct 8 2012 // Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the...
Homeowners Claim Costs On the Rise
Oct 8 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research...
A Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Oct 8 2012 // A slow trend toward economic recovery in the United States may bring good news and bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is...
Homeowners Insurance Claims Cost Rising Rapidly: Study
Oct 8 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research...
Employees Staying Put Even If Unhappy: Talent Survey
Oct 8 2012 // As high unemployment persists and the global economic recovery remains halting and uneven, the “resume tsunami” seems to have subsided to a “resume riptide.” According to Deloitte’s latest...
Homeowners Insurance Claims Cost Rising Rapidly: Study
Oct 8 2012 // The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. An Insurance Research...
Chairman Nelson Charts Future Course for Lloyd’s
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Slow and Steady: Surplus Lines Industry Reverses Downward Trend; Optimism Good for 2012
Oct 8 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
Best Revises HDI V.a.G., Talanx ICR Outlook to Positive; Affirms Ratings
Oct 5 2012 // A.M. Best Europe – Rating Services Limited has revised the outlook of the issuer credit rating (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the ICR of...
Best Affirms XL Group’s P&C Subs, XLIT Ratings; Outlook Stable
Oct 5 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc,...
