Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Best Affirms Ratings of Inter Hannover UK; Outlook Positive
Dec 19 2011 // 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 UK-based International Insurance...
IMF’s Lagarde Warns No Country is Immune from Rising Risk
Dec 16 2011 // The world economic outlook is “quite gloomy” and will require action by all countries, starting with those in Europe, to head off an escalating crisis that carries risks of a global depression, the head of the...
Property Rates on the Rise
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates. Marsh said 48...
The 2011 Survey Issue
Dec 16 2011 // Together Again: 3-in-1 What are the industry’s young agents thinking? What are typical salaries and benefits in agencies? What issues do agencies have with their errors and omissions (E&O) coverage and...
Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity. The...
Texas Work-Related Injuries, Illnesses Decrease Again in 2010
Dec 14 2011 // Private industry employers in Texas reported a 5.8 percent decrease in nonfatal occupational injuries and illnesses involving days away from work during 2010 for a total of 56,720. With the 2010 decrease, Texas has seen a...
Regulatory Investigations Top Directors’ List of Concerns: Willis/Overy Survey
Dec 14 2011 // The liability risks facing company directors and officers are intensifying in the wake of the economic crisis. At the head of the list are “regulatory investigations and enquiries,” which pose the greatest...
Best Affirms West of England Ship Owners ‘A-‘ Ratings; Outlook Negative
Dec 14 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of the Luxembourg-based West of England Ship Owners...
Hub International Enters Latin American Market with Harmonia Tie-up
Dec 13 2011 // Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora de Seguros Ltd. The deal marks the first expansion for Hub outside the U.S. and...
India’s Private Insurance Market Keeps Growing – Slowly but Surely
Dec 13 2011 // Even though China gets most of the headlines, there’s been slow, but steady, progress for private insurers in Asia’s other billion plus people country – India. Although its rate of growth has slowed recently,...
Government Study: Texting by Drivers Up by Half in 2010
Dec 9 2011 // New federal safety data shows texting while driving increased 50 percent last year, despite a rush by states to ban the practice. The National Highway Traffic Safety Administration does an annual survey that watches...
Wishes & Predictions Survey 2012: Participate Now
Dec 9 2011 // What do you HOPE will happen in your insurance organization in 2012? Now, what do you THINK will happen? Will the insurance market harden or will prices remain soft? Will your agency or insurance organization perform...
Insured Losses from Bastrop, Texas, Wildfire Rise to $325M
Dec 8 2011 // More than half of the homeowner insurance claims have been settled in the Bastrop (Texas) Complex Wildfire that occurred over the Labor Day weekend. The final tally for insured losses from the wildfire is projected to hit...
Willis Re Spots Downward Trend UK Auto Claims; Premium Increases
Dec 8 2011 // UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It...
Travelers CEO Says His Company’s Business Insurance Rates Up Over 5%
Dec 7 2011 // The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a...
Best Downgrades Wisconsin Re’s Ratings; Revises Outlook to Negative
Dec 7 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit ratings to “bbb-” from “bbb” of Wisconsin Reinsurance...
Floridians Would Pay More to Shore-Up Cat Fund: Survey
Dec 6 2011 // A new survey finds that 70 percent of Floridians fear being assessed hundreds or thousands of dollars in “hurricane taxes” because the state’s Hurricane Catastrophe Fund may run out of money to pay...
Rate of Virginia Workplace Injuries Up in 2010
Dec 5 2011 // The rate of workplace injuries increased in 2010 in Virginia, but still remains below the national rate. The Virginian-Pilot of Norfolk said a state Department of Labor and Industry report released last Thursday shows that...
Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
Maine Workers’ Compensation Rates to Go Down Next Year
Dec 5 2011 // Maine Insurance Superintendent Eric Cioppa said the Bureau of Insurance has approved the National Council on Compensation Insurance’s request to decrease workers’ comp loss costs in the state by an average of...
