Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Aon Risk Solutions Beefs Up, Restructures UK Professions Team
Mar 10 2011 // Aon Risk Solutions, the global risk management business of Aon Corporation, announced that it has appointed new leaders for its Professions practice in London, and has made a number of strategic new hires. The team...
Hannover Re Posts 2010 Growth as Net Income Tops $1 Billion
Mar 9 2011 // Germany’s Hannover Re reported a “very pleasing year,” as after tax group net income rose to €748.9 million [$1.043 billion], from €733.7 million [$1.021 billion], despite the operational business...
Young Agents: What Are YOU Thinking? Exclusive Survey
Mar 9 2011 // Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Gen X, Gen Y agents: who are you? What do you really think about your career?...
Newer Web Sites Gaining Online Auto Insurance Market Share
Mar 7 2011 // Newer auto insurance and aggregator sites are attracting an increasing share of the online auto insurance market that has been dominated by GEICO and Progressive, according to a new report. In the fourth quarter of 2010,...
Young Agents: What Are YOU Thinking? Exclusive Young Agents Survey
Mar 7 2011 // Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Gen X, Gen Y agents: who are you? What do you really think about your career?...
Restaurants Rebound: Insurance Market Heats Up
Mar 7 2011 // It is no secret that the restaurant industry has been in a slump. As families have cut back on eating out, restaurants have suffered three straight years of a decline in business: -.2 percent in 2010, -2.8 percent in 2009...
Restaurant Sales Going Up After 3 Tough Years
Mar 7 2011 // Restaurant industry sales are expected to reach a record $604 billion and post positive growth in 2011 after a three-year period of negative real sales growth. The 2011 forecast from the National Restaurant Association...
Rates for Architects, Engineers Going Up: Report
Mar 7 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to...
Berkshire Hathaway Enters India Insurance Market
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for...
Climate Change to Drive up Food Prices
Mar 2 2011 // Global food prices are likely to keep rising as production struggles to match demand and extreme weather events become more frequent, a climate-change advisor to the Australian government said on Wednesday. Ross Garnaut...
