Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Reinsurance Rates May Rise with Japan Loss Estimates
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Montana Workers’ Comp Claims Decrease 5%
Apr 1 2011 // Montana workers’ compensation claims have decreased by more than 5 percent in the past year, state Insurance Commissioner Monica J. Lindeen announced. The National Council on Compensation Insurance (NCCI) recently...
Study: Washington Law Increased Homeowners Insurance Costs by $190 Million
Mar 31 2011 // A new study released by the Insurance Research Council (IRC) has found a Washington law increased homeowners insurance costs by $190 million. The IRC study examined the impact of the Insurance Fair Conduct Act (IFCA),...
Combined Agents Reports Commercial Premium Growth of 64% Over Decade
Mar 30 2011 // Combined Agents of America, LLC (CAA), based in Austin, Texas, reported the group wrote more than $414 million in combined property/casualty premiums in 2010 and has increased commercial premium written by 64 percent since...
North Carolina Researchers Track Risk from Rising Sea Level
Mar 30 2011 // Laid back beach communities, fragile wetlands perfect for canoeing or kayaking, and iconic lighthouses come to mind when picturing North Carolina’s coast. In reality change is the norm along the coast, and although...
Lloyd’s Annual Report: $3.5 Billion 2010 Profit; ‘Solid’ Says CEO
Mar 30 2011 // Lloyd’s of London announced an overall profit of £2.195 billion ($3.522 billion) for 2010, a significant decrease from the record £3.868 billion (more than $6.2 billion) it recorded in 2009. The earnings report...
Japan Reinsurance Prices Should Rise 50%: Analyst
Mar 28 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Florida Hears First Community’s Home Rates; OKs Dwelling Increase
Mar 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent. The company said there are two driving...
Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey
Mar 25 2011 // Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2011...
AIR Worldwide Estimates Japan Insured Losses up to $30 Billion
Mar 25 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims. That...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Ironshore Political Risk Increases Capacity to $25 Million
Mar 24 2011 // Ironshore Inc.’s Political Risk Insurance unit has increased capacity limits to $25 million on a gross limit basis for its global platform of political risk insurance lines and other trade-related coverages for risks...
Allianz Nat Cat Analysis: Economic Growth a Major Factor for Increased Losses
Mar 24 2011 // Experts on natural catastrophe risk at Allianz have highlighted the growing trend in insured losses arising from natural catastrophes worldwide in a risk briefing – the “Allianz Risk Pulse: Focus Natural...
Wisconsin Plant Hit by 2009 Blaze Gives Fire Department $50,000
Mar 22 2011 // A Milwaukee-area meatpacking plant that was hit hard by a 2009 fire is donating $50,000 to local firefighters for their “heroic efforts” in fighting the blaze. The donation is from the Patrick Cudahy plant and...
Louisiana Citizens Property Insurance Corp. Rates to Rise July 1
Mar 21 2011 // The governing board of Louisiana’s insurer of last resort has approved an average 6.5 percent annual rate increase for its 119,000 homeowners’ policies. Higher rates for those homeowners covered by Louisiana...
North Dakota Insurance Commissioner Says Fraud Referrals Are Up
Mar 21 2011 // The North Dakota Insurance Department says fraud referrals have been doubling since 2008. The Jamestown Sun reports that the 94 referrals in 2010 totaled more than $1 million in suspicious claims. North Dakota Insurance...
Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey
Mar 18 2011 // Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2011...
Supply Chain Concerns Grow as Japan Lacks Parts, Power, People
Mar 18 2011 // From Apple’s new iPad to Chevrolet pick-ups and many of the world’s airplane kitchens, concern is spreading down the global manufacturing supply chain about the impact from Japan’s earthquake last...
Best Report Notes Growth in Panama Insurance Market
Mar 16 2011 // A new report from A.M. Best notes that Panama’s insurance market is the largest in Central America, and is expected to continue to produce significant premium growth in the next few years. Best noted that the...
Many Unemployed Rejected by Individual Health Insurance Market: Study
Mar 16 2011 // Of the 43 million working-age adults who lost jobs during the recession in the past two years, about nine million, or 20 percent, ended up without insurance, according to a new study. The nine million left without...
