Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
N.Y. Unveils Plan to Shut Down Fraud Docs, Medical Mills
Mar 19 2012 // Dishonest doctors and medical mills in New York better watch out! Following highly publicized crackdowns of major auto insurance fraud rings in the state, Gov. Andrew Cuomo unveiled a statewide initiative this month to...
Willis Warns Companies to ‘Wake up to Cyber Threats,’ Liabilities
Mar 16 2012 // Company Directors must wake up to cyber threats or they risk litigation from all sides, warned Francis Kean of Willis Group Holdings. Speaking at a Willis-hosted cyber liability conference in London this week, the...
California Workers’ Comp Premium Grows But Claim Severity Continues to Rise
Mar 15 2012 // An annual report from the Workers’ Compensation Insurance Rating Bureau of California shows that for the second consecutive year statewide workers’ compensation premiums levels rose in 2011, but that...
Millions in U.S. at Risk from Rising Sea Levels: Report
Mar 15 2012 // Sea level rise due to global warming has doubled the annual risk of coastal flooding of historic proportions across widespread areas of the United States, according to a report from the non-profit research group Climate...
N.Y. Unveils Plan to Shut Down Fraud Docs, Medical Mills
Mar 14 2012 // Dishonest doctors and medical mills in New York better watch out! Following highly publicized crackdowns of major auto insurance fraud rings in the state, Gov. Andrew Cuomo unveiled a statewide initiative this month to...
Securities Fraud Settlements in 2011 Were Lowest in Decade
Mar 14 2012 // Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won...
Munich Re Confirms 2011 Profit at $937 Mn; Forecasts $3.3 Bn in 2012
Mar 13 2012 // Munich Re’s official results largely confirm earlier estimates, made at the beginning of February. The world’s largest reinsurer, however, hopes to do a good deal better in 2012 than it did last year....
Best Report: Saudi Arabia’s Insurance Market Adapts to Change
Mar 13 2012 // The insurance market in Saudi Arabia has changed dramatically in the past decade, with further development anticipated, according to a report from A.M. Best Co. According to the report, “Saudi Arabia’s...
Report: Increasing Workers’ Comp Losses For California Public Self-Insureds
Mar 12 2012 // A analysis of more than 10 years’ worth of data shows for the fifth consecutive year increases in the average loss per claim, led by escalating medical losses, pushed up total workers’ compensation costs for...
Commercial Lines Prices Up for 4th Straight Quarter: Survey
Mar 12 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price...
Geneva Association Report: 2011 an ‘Annus Horribilis’ for Insurance Industry
Mar 9 2012 // The latest report from the Geneva Association , No. 5 in the current series – Extreme events and insurance: 2011 annus horribilis -, describes the global impact of the major 2011 natural catastrophes, and analyzes...
Survey Finds Emerging Markets’ Growth in Auto Financial Services
Mar 8 2012 // A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their automotive finance and leasing markets in five years, to reach $182 billion Finaccord said:...
Willis Chief on Non-Traditional Risks Facing Airlines; Asia-Pacific Growth
Mar 8 2012 // Joe Plumeri, Willis Group Holdings Chairman and CEO, told attendees at the Willis Asia Pacific Aviation Insurance Conference in Hong Kong that air travel in Asia Pacific is set to significantly surpass that of North...
Survey Seeks Agents’ Views on Florida’s Insurance Market
Mar 7 2012 // So much that is said and written about Florida’s insurance climate is negative. Is there anything good to say about Florida’s insurance market? That’s one of the questions in a brief Florida-only survey...
7-Day Advance Hurricane Forecasts Not Far Away, Says Storm Center Chief
Mar 7 2012 // National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts showing where a hurricane will be a week ahead of time. “We’re two to five...
FEMA Begins Survey of Illinois Tornado Damage
Mar 6 2012 // The Federal Emergency Management Agency on March 5 began surveying the damage from tornadoes and other severe weather that roiled southern Illinois last week, starting in the small town of Harrisburg, where six people were...
Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable
Mar 6 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best...
E&Y Survey on Insurance Customers
Mar 5 2012 // A new study is out from Ernst & Young that offers some interesting insight into what people want from insurance companies. And it also questions some of the conventional wisdom that we’ve been taking for...
China to Open Auto Insurance Market
Mar 5 2012 // China has agreed to an important financial sector reform by opening up its massive auto insurance market to foreign competition. During a meeting with U.S. business chiefs and Chinese Vice President Xi Jinping, U.S. Vice...
N.Y. Launches Audit of Rising Health Insurance Rates
Mar 5 2012 // The New York State Department of Financial Services said it has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
