Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Vermont Captive Insurance Leader Discusses Emerging Areas, Challenges
Sep 26 2012 // Vermont is the leading onshore captive insurance domicile. The Green Mountain State now has over 900 captives, having licensed more than four times the number of captives than any other domestic competitor. Richard Smith,...
Homeowners Insurance Claims Cost Rising Rapidly: Study
Sep 26 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...
Best Reports on MENA Insurance Market; Regulatory Change Coming
Sep 26 2012 // A report from A.M. Best examines the current state of the insurance market in the Middle East and North Africa (MENA) region. It notes that “over the past decade, the insurance industry has experienced strong growth...
Catlin Sponsored ‘Seaview Survey’ Launched to Study Coral Reefs
Sep 26 2012 // The Catlin group has invited “people around the world” to participate in its newest project, the “Catlin Seaview Survey,” which it, described as “a series of scientific expeditions to explore...
Florida’s Citizens Defends Proposed 11.2% Rate Increase at Hearing
Sep 25 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...
Tax Penalty to Hit 6 Million Who Don’t Buy Health Insurance by 2016
Sep 24 2012 // Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama’s health overhaul for not getting insurance, congressional analysts said. Most would be...
Best Affirms AXIS Specialty and Subs ‘A’ Ratings; Outlook Positive
Sep 24 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited and its operating affiliates, as well as the ICR...
Best Affirms Factory Mutual and Subs ‘A+’ Ratings; Outlook Stable
Sep 21 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘”aa” of Factory Mutual Insurance Company and its subsidiaries, Appalachian...
WTO Cuts 2012 Global Trade Growth Forecast to 2.5%
Sep 21 2012 // World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday. The WTO cut its estimate from a 2012...
Aon Outlines Risk Management Approach for Emerging Economies
Sep 19 2012 // A bulletin from Aon Global Risk Consulting, the risk management arm of Aon plc, using responses from 100 senior risk industry professionals at its annual Client Symposium, indicates that “organizations in Central and...
Real Estate Matters Top List of Legal Malpractice Claims: Survey
Sep 17 2012 // For the first time since the American Bar Association began conducting surveys of legal malpractice insurance claims beginning in 1985, insurers reported a higher percentage of claims involving real estate than any other...
More Employers Offering Consumer-Driven Health Plans: Survey
Sep 17 2012 // Consumer-driven health plans (CDHPs) have surpassed health maintenance organizations to become the second most common plan design offered by U.S. employers, according to a survey from Aon Hewitt. Preferred provider...
Employees Staying Put Even If Unhappy: Talent Survey
Sep 17 2012 // As high unemployment persists and the global economic recovery remains halting and uneven, the “resume tsunami” appears to have been reduced to a “resume riptide.” According to Deloitte’s...
Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick
Sep 17 2012 // XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and...
Myanmar to Open Insurance Sector to Foreigners in 2015
Sep 14 2012 // Myanmar will allow foreign investors into its insurance sector by around 2015 once local private insurers have had time to establish themselves, a senior government official told Reuters. “We need to give these local...
Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable
Sep 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company...
State Farm Lloyds Files Homeowners Rate Increase in Texas
Sep 13 2012 // State Farm Lloyds says it intends to increase homeowners rates in Texas by an average 20 percent. The company announced it has submitted a rate filing to the Texas Department of Insurance. The actual premium change for any...
N.H. Road Fatalities Up in 2012; Authorities Urge Drivers to Slow Down
Sep 13 2012 // Traffic fatalities have spiked in New Hampshire, prompting authorities to urge drivers to slow down and avoid dangerous activities such as texting and talking on cell phones. Safety Commissioner John Barthelmes says there...
Travelers’ CEO Fishman: Rate Increases Continuing
Sep 11 2012 // Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide...
Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011
Sep 10 2012 // Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to...
