Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Calif. Workers’ Comp Loss and Expense Payments Increase Nearly 3%
Jul 13 2011 // California workers’ compensation insurer’s loss and expense payments totaled more than $11 billion in calendar year 2010, according to the California Workers’ Compensation Institute, which issued a report...
Alabama Governor Names Insurance Market Study Commission
Jul 11 2011 // Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements. The commission will be led by Baldwin County Probate Judge Tim Russell. Bentley...
Amlin Updates Cat Loss Estimates; Reports Increase in Reinsurance Rates
Jul 8 2011 // UK and Lloyd’s insurer Amlin plc held a presentation for analysts today focused on updating its catastrophe estimates. Amlin estimated that net claims from the two major U.S. tornadoes during April and May 2011 were...
Workers’ Comp Rates for Ohio Marine Industry Employers Decrease 20%
Jul 8 2011 // The Ohio Bureau of Workers’ Compensation (BWC) has reduced its rates for marine industry employers by 20 percent, effective July 1, the BWC said. The change lowers the rates for employers conducting business on Ohio...
Best Affirms Navigators Group Ratings; Outlook Stable
Jul 7 2011 // A.M. Best Co. announced at the end of June that it has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Navigators Insurance Group, which is...
New Swiss Re sigma study Reveals Global Premium, Capital Growth
Jul 6 2011 // A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and...
Arkansas’ Revenues Rise Above Forecast; Insurance Dept. Funds Help
Jul 6 2011 // A state finance report shows that Arkansas brought in more money than expected during the 2011 fiscal year. The report, released by the Arkansas Department of Finance and Administration, show that the state’s net...
Crime Insurance Steps Up to Plate for Little Leagues As Thefts Rise
Jul 5 2011 // A new lock, a thick door and a steel bar across the shuttered front counter of the Canyon Lake Little League concession stand still couldn’t prevent the youth baseball league from taking a hit. The president of the...
Catastrophes Issue Wake-Up Call on Supply Chain Risks
Jul 4 2011 // The Japanese earthquake and tsunami that occurred in March served as a wake-up call for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the U.S. during April and May have underscored...
P/C Insurers’ Profits Fell in Q1 as Underwriting Losses Grew
Jul 4 2011 // Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average...
Minnesota Workers’ Comp Claims Decrease
Jul 4 2011 // Minnesota workers’ compensation claims have fallen 44 percent relative to the number of employees from 1997 to 2009, according to the Minnesota Department of Labor and Industry (DLI). The “2009 Minnesota...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Lloyd’s Sees Opportunities in Emerging Markets
Jul 1 2011 // As levels of international trade and the importance of emerging economies increase, Lloyd’s has been very active in its efforts to open up access to overseas markets. However, in an article on its web site it called...
Survey Shows Europe’s Top 10 P&C Insurers Grew Premiums by 5.2% in 2010
Jul 1 2011 // Spain’s MAPFRE has published its 7th annual survey of Europe’s non-life insurers, ranking them by gross premiums written. The survey found that “all the companies achieved an increase in premium revenues...
Ohio Posts Largest Decline in Unemployment Claims
Jul 1 2011 // Ohio is reporting the nation’s largest decline in new applications for unemployment benefits, while the government says the number of claims nationwide is mostly unchanged. That’s seen as evidence that the...
UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase
Jun 30 2011 // The UK’s Legal Expenses Insurance Group (LEIG) has taken issue with claims that the rise in lawsuits over automobile accidents are responsible for the car insurance rate rises. The Group, which was formed in April...
Survey: Law Firms Face Rising Number of Malpractice Claims
Jun 30 2011 // The recent economic recession and prolonged real estate market slump are triggering a rise in the number of malpractice or professional liability claims lodged against law firms this year. A new study by insurance broker...
Wisconsin Health Insurance Program Participation, Claims on the Rise
Jun 29 2011 // A new report shows more people are joining a Wisconsin state program that provides health insurance for the seriously ill. The Legislative Audit Bureau reviewed the financial status of the Wisconsin Health Insurance...
Calif. Cost Per Workers’ Comp Claim Rising, CWCI Says
Jun 28 2011 // The number of California workers’ compensation insurance claims fell 13 percent between policy years 2007 and 2008 to 358,077 claims. However, a new report by the Workers’ Compensation Insurance Rating Bureau...
Ascot Syndicate 1414 Increases 2011 Capacity to $1.038 Billion
Jun 27 2011 // Lloyd’s insurer Ascot Underwriting Ltd. announced that it has increased its capacity from £600 million [$958 million] to £650 million [$1.038 billion] “to support its 2011 business plan.” Andrew Brooks,...
