Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Are You Prepared for the Changing Insurance Market?
Nov 21 2011 // In today’s personal property/casualty insurance market, agents and brokers face increasing uncertainty. Staying the course is no longer an option to drive profitable growth. You must understand your performance...
Insurance Executives Turn Pessimistic Over Business Outlook: Survey
Nov 21 2011 // Many U.S. insurance executives believe that business conditions have worsened compared to a year ago. Faced with continuing economic sluggishness and a changing regulatory environment, they remain guarded about their...
Small Business Owners Trust Their Agents, Survey Reports
Nov 21 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
Maine Workers’ Comp Rates to Go Down Next Year
Nov 18 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...
Best Affirms Arab Re’s Ratings; Outlook Revised to Stable
Nov 18 2011 // A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Arab...
Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade
Nov 18 2011 // Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz...
Fast Growth in Price for Non-hospital Services in Indiana Work Comp
Nov 17 2011 // The price for non-hospital services in Indiana’s workers’ compensation system in 2010 was the third highest of the 25 states in a study conducted by the Workers Compensation Research Institute (WCRI). The price...
Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’
Nov 17 2011 // According to the World Economic Survey (WES), published by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo), “the world economic climate has worsened in the...
Fitch Affirms Everest Re’s Ratings; Outlook Stable
Nov 17 2011 // Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries. “Everest’s debt ratings are only one notch lower...
Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says
Nov 16 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size
Nov 16 2011 // Florida’s largest property insurer wants sweeping changes — including the ability to charge higher rates — in the coming year. It may be a hard sell during a contentious election year, but the board that governs...
Agents Say Arkansas Earthquake Insurance Sales Up
Nov 15 2011 // Insurance agents say the recent 5.6 magnitude earthquake in Oklahoma has led many Arkansans to add earthquake insurance to their homeowner policies. The Nov. 5 quake east of Oklahoma City left damage over a wide area and...
Small Business Owners Report High Trust in Agents, Survey Reports
Nov 14 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
S&P Affirms Marsh Mac’s Ratings; Outlook Revised to Stable
Nov 14 2011 // Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. to stable from negative, and has affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty...
Louisiana Citizens Increases Commercial Premiums
Nov 14 2011 // The board of the Louisiana Citizens Property Insurance Corp. has given final approval to a 22.1 percent rate increase for its 5,734 commercial policyholders, a move that could mean an increase of about $700 in the average...
Best Issues Special Report on New Zealand’s Non-Life Insurance Market
Nov 14 2011 // A new report from A.M. Best examines New Zealand’s non-life insurance market, which it describes as being “in a state of transformation as it grapples with prolonged earthquake activity in addition to...
Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases
Nov 14 2011 // Allianz reported Net income of €258 million [$353.46 million] for the third quarter of 2011, compared to €1.268 billion [$1.737 billion] in Q3 2010, a 79.7 percent drop. For the first nine months of the year...
Insurance Executives Turn Pessimistic Over Business Outlook: Survey
Nov 10 2011 // Many U.S. insurance executives believe that business conditions have worsened compared to a year ago. Faced with continuing economic sluggishness and a changing regulatory environment, they remain guarded about their...
Aon’s Study of Airline Insurance Industry Finds Divergent Trends
Nov 9 2011 // Aon Risk Solutions, the risk management business of Aon Corp., has released the latest edition of its aviation data report –”Airline Insurance Market Indicators 2011/12,” which concludes that “as the...
IMF Head Warns World Economy Risks a ‘Lost Decade’
Nov 9 2011 // The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden...
