Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
S&P Assigns ‘AA-‘ Ratings to RenRe Europe; Outlook Stable
Jan 22 2009 // Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings on Renaissance Reinsurance of Europe (RenRe Europe) with a stable outlook. “RenRe...
Insurers Propose Decrease for Nevada Workers’ Compensation Rates
Jan 22 2009 // Nevada Insurance Commissioner Scott Kipper announced that the industry’s National Council on Compensation Insurance Inc. (NCCI) has submitted a filing for an average decrease of 4.9 percent for Nevada workers’...
Survey: Small Businesses Plan for Contingency; Expect Cutbacks in 2009
Jan 22 2009 // Many small business owners say that they’re prepared to eliminate some positions or reduce the number of hours employees work as part of their contingency planning for 2009, according to a recent survey. Almost half...
Fire Deaths Increased in Ohio in 2008
Jan 21 2009 // The number of fire deaths across the state increased by 42 percent last year over 2007, according to the Ohio fire marshal’s office. Officials have no clear explanation for the increase to 183 fire deaths in 2008...
Liberty Mutual Increases Nevada Auto Insurance Rates
Jan 21 2009 // The Liberty Mutual Fire Insurance Co. received approval for a 6.9 percent rate increase, Liberty Insurance Corp. received approval for a 7 percent rate increase and First Liberty Insurance Corp. received approval for a 7.6...
Survey: Risk Managers Report Modest Premium Decreases in Q4
Jan 21 2009 // Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway. Rates for property, general...
Auto Thefts Down in Tulsa
Jan 20 2009 // Police in Tulsa, Okla., say that a 30 percent drop in auto thefts last year is largely due to officers targeting thieves who snatch cars to make quick cash from scrap metal. Roughly 2,500 vehicles were reported stolen in...
Aon UK Survey Finds ‘Risk Ignorance’ to be Greatest 2009 Challenge
Jan 16 2009 // 70 percent of UK risk managers have declared that making sure the employees in their organization are risk savvy is their biggest challenge in light of new pitfalls according to research conducted by Aon. “The risks...
Older Drivers’ Fatal Crashes Trend Down Even as More Seniors Drive
Jan 14 2009 // Despite growing numbers on the road, fewer older drivers died in crashes and fewer were involved in fatal collisions during 1997-2006 than in years past, a new Insurance Institute for Highway Safety study reports. Crash...
Hawaii Auto Insurance Fraud Convictions Increase 61%
Jan 14 2009 // The Insurance Fraud Investigation Unit of the Hawaii State Department of Commerce and Consumer Affairs experienced a 61 percent increase in criminal convictions for motor vehicle insurance fraud in 2008 over the previous...
Fatalities on New Hampshire Roadways Increased in 2008
Jan 11 2009 // Fatal motor vehicle crashes are on the rise for the second year in a row according to the New Hampshire Department of Safety. The numbers released include all fatalities from Jan. 1 to Dec. 22, 2008. A fatality includes...
Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday
Jan 11 2009 // Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent...
California Workers’ Compensation Premiums Down in 2008
Jan 11 2009 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2008. WCIRB said: “California written premium (gross of...
Washington Workers’ Comp Insurance Premiums Increasing 3%
Jan 11 2009 // Washington’s Department of Labor and Industries (L&I) said premiums for workers’ compensation insurance will go up, on average, 3 percent in 2009. Individual employers could see their rates go up or down,...
California Workers’ Compensation Insurers File for Rate Increases
Jan 11 2009 // The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate...
New Employment Laws, Power Shift in Washington May Increase the Risk of Workplace Charges
Jan 11 2009 // What Insurance Professionals Need to Know to Protect Their Commercial Clients As the economy continues to falter and a new Administration takes over in Washington, the workplace is being seeded with new legal hazards for...
New Jersey Workers’ Comp Rates Drop, Benefits Rise
Jan 5 2009 // New Jersey’s workers’ compensation insurance premiums will drop by roughly 1 percent in 2009, saving the state’s employers an estimated $33 million. “There are a number of factors that affect...
Association of British Insurers Warns of Increasing ‘Front End Fraud’
Dec 31 2008 // The Association of British Insurers has issued a warning that, “people are increasingly putting their insurance cover at risk by cheating to get a better deal.” The ABI said its members, which include most of...
Fatalities on New Hampshire Roads up in 2008
Dec 31 2008 // Fatal motor vehicle crashes are on the rise for the second year in a row according to the New Hampshire Department of Safety. The numbers released on Monday include all fatalities from Jan. 1 to Dec. 22, 2008. A fatality...
Workers’ Comp Assigned Risk Rate to Rise in Minnesota
Dec 31 2008 // Minnesota’s Commerce Commissioner has issued a rate order approving a 2.6 percent increase in the overall level of the assigned risk rates for workers’ compensation insurance. The increase is effective April 1,...
