Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Workers’ Comp Costs per Claim Rise in Minnesota
Apr 8 2011 // Workers’ compensation costs per claim for injured workers in Minnesota have grown, but at a slower pace than other study states, according to a study by the Workers Compensation Research Institute...
‘Above Average’ 2011 Atlantic Hurricane Season Forecast
Apr 7 2011 // The 2011 Atlantic hurricane season will be above average with nine hurricanes, five of them major, with a more than 70 percent chance that at least one of them will hit the U.S. coastline, Colorado State University...
Calif. Workers’ Comp Rating Bureau Could Recommend 40% Rate Increase
Apr 6 2011 // The Workers’ Compensation Insurance Rating Bureau of California is discussing a pure premium rate increase of up to 40 percent at today’s Governing Committee meeting, according to industry reports. The WCIRB...
Survey Shows Agents Concerned on Perpetuation; Few Take Action
Apr 6 2011 // The majority of agents and brokers today worry about how to perpetuate their firm to future owners, yet few agency owners report having a perpetuation plan in place. New findings in the forthcoming survey “2011...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Texas Sees Rise in Workers’ Comp Medical Cost per Claim
Apr 6 2011 // Medical costs per claim in Texas rose 8 percent in 2008, after a period of declining costs following reforms enacted in 2001 and 2005, and increased payor focus on managing medical care, according to a study by the Workers...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Aon Analysis Finds Airlines Seeing Passenger Numbers Increasing in 2011
Apr 5 2011 // According to Aon Risk Solutions, recently released “Airline Insurance Market Outlook, 2011,” the Aon airline industry has “started to recover since the darkest days of the financial crisis, with rising...
Survey Finds Structurally Deficient Montana Bridges
Apr 5 2011 // A new survey finds one of every 13 highway bridges in Montana is structurally deficient, and that an average of 80,000 motorists a day cross what the report ranks as the top three busiest bridges in the state that are in...
State Farm Denied Rate Hike in Louisiana; Citizens Gets 6.5% Increase
Apr 4 2011 // Louisiana insurance regulators rejected a rate increase from the state’s largest insurer of homes, but the board of the state’s property insurer of last resort approved a rate hike, albeit smaller than the one...
The Future of the Independent Agency (Has Nothing to Do with Age)
Apr 4 2011 // Young Ownership Challenged by Carriers Unwilling to Hand Out Contracts to Start Ups For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency...
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...
