Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Despite Soft Market, Texas Agencies Manage to Grow
Jul 20 2010 // They’re all different — one’s big city; one’s suburban; one’s country; one’s small-to-medium size town. They operate in different parts of the state and have different mixes of business,...
Moody’s Downgrades Ireland’s Sovereign Debt Ratings; Outlook Stable
Jul 19 2010 // Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating...
Small Businesses Pay 33% of Rising Tort Costs Out-of-Pocket
Jul 19 2010 // A new study from the U.S. Chamber of Commerce shows that small businesses shoulder a sizable burden of the nation’s tort liability costs, having paid $105.4 billion in 2008 – a third of it out of their own...
North Carolina Crime Rate Down
Jul 16 2010 // Law enforcement officials say North Carolina’s crime rate in 2009 was the lowest in a quarter-century. The statistics released by the office of Attorney General Roy Cooper show particlar improvements in violent...
S&P Concludes Takaful, Retakaful Insurance to Continue Growth Trend
Jul 14 2010 // Standard & Poor’s has concluded that, following a “positive year” in 2009, the “takaful and retakaful (Islamic insurance and reinsurance) sector is likely to continue to grow in...
Survey: Risk Managers More Concerned About Total Cost of Risk
Jul 14 2010 // Corporate risk and finance managers, faced with the lingering effects of a global financial crisis, dramatically downsized staffs and reduced budgets are becoming increasingly concerned about managing those expenditures as...
AIG Board to Consider AIA’s Future; IPO Seen Most Likely Option
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA,...
Marsh Tool Gives Clients Real Time Insurance Purchasing, Pricing Trends
Jul 12 2010 // Insurance broker Marsh has unveiled a real-time, on-demand industry benchmark reporting service available to its clients and prospects. Available through Marsh’s Global Benchmarking Portal, the new service provides...
Small Businesses Pay 33% of Rising Tort Costs Out-of-Pocket
Jul 9 2010 // A new study from the U.S. Chamber of Commerce shows that small businesses shoulder a sizable burden of the nation’s tort liability costs, having paid $105.4 billion in 2008— a third of it out of their own...
IMF Raises 2010 World Wide GDP Forecast; Flags European Risks
Jul 8 2010 // The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to...
Brokers in London Market Survey ‘More Positive’ about Lloyd’s
Jul 8 2010 // “Brokers are now significantly more positive about conducting business at Lloyd’s than two years ago,” according to a survey of the Lloyd’s market from part of the Gracechurch London Market Study...
New York Workers’ Compensation Fund Premium, Accounts Down
Jul 7 2010 // For 2009, the New York State Insurance Fund reported workers’ compensation premium of $1.31 billion and disability benefits premium of $16.6 million. The competitive fund wrote 41 percent of the state’s...
Fraud Bureaus Report Sharp Rise in Fake Health Plans
Jul 7 2010 // Bob Harper thought he’d found a better health-insurance deal. The Oklahoma man bought coverage from an outfit called American Trade Association (ATA). The price seemed affordable, and he thought he’d save...
Michigan Auto Insurance Rates Rise
Jul 6 2010 // The median six-month auto insurance rate in Michigan has increased approximately 5.4 percent over the last six months to reach $688, according to online insurance provider InsWeb. InsWeb also reported some findings of...
Coastal Trends
Jul 5 2010 // As the hurricane season gains momentum, a new U.S. Census Bureau report, Coastline Population Trends in the United States: 1960 to 2008, helps put into perspective the number of Americans living along the coast who could...
Aon Reports Declines in July Reinsurance Renewal Rates
Jul 2 2010 // Aon Benfield has released its July first “Renewals Update” report, which indicates that “rates continue to decline in all major regions without significant catastrophe loss activity in the last 12...
Best Removes Glacier Re Ratings From Review; Assigns Negative Outlook
Jul 2 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Glacier Reinsurance AG (Glacier Re) (Switzerland), and has removed...
New Jersey Agent Allegedly Made Up Company, Kept Premiums
Jul 1 2010 // A New Jersey grand jury has indicted a Burlington County insurance agent for pocketing payments from three clients, according to Attorney General Paula T. Dow. Lee Schaffer, of Marlton, was charged with insurance fraud,...
European Insurance Risks Shifting, CEIOPS Sees No Overall Rise
Jun 30 2010 // Overall risks facing the European insurance sector may not have significantly increased in the first half of 2010 but they have changed in their nature, the European Union’s insurance watchdog said on...
S&P ‘Cautiously Optimistic’ on UK’s P/C Sector; Sees Rising Prices
Jun 30 2010 // In a recently published report Standard & Poor’s Ratings Services said that it believes “underlying underwriting performance in the U.K. non-life insurance industry has come under increasing pressure from...
