Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey: 1Q Commercial Lines Premiums Drop Most Since 2005
Apr 21 2008 // Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting claims from the meltdown of...
Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006
Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...
Texas Windstorm Pool Seeks to Increase Reinsurance Level for 2008
Apr 17 2008 // Citing increased exposure along the Texas coast, the Texas Windstorm Insurance Association has requested Commissioner of Insurance Mike Geeslin to authorize the purchase of $1.5 billion in reinsurance for the windstorm...
Final Call: Agent Survey on Wholesale Market
Apr 17 2008 // Why do retail agents and brokers choose a particular wholesale broker or managing general agency to work with over another? What’s more important to a retailer — service or price? Insurance Journal invites...
Aon Re Forecasts ‘Favorable Pricing’ for Mid-year Property Re Renewals
Apr 16 2008 // Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global, a unit of the Aon...
Bermuda Monetary Authority Survey Shows Continued Growth
Apr 15 2008 // According to the latest available figures, released by the Bermuda Monetary Authority (BMA), the island’s “insurance market continues to maintain strong performance, against a backdrop of a soft global...
Louisiana Continued to Add Jobs in 3Q 2007, Report Says
Apr 15 2008 // The number of jobs in Louisiana rose during the third quarter of 2007 by 51,855 over the third quarter of 2006, according to the “Louisiana Employment and Wages – Third Quarter 2007” report released by...
Total Bank Insurance Revenue Up Slightly in 2007
Apr 15 2008 // The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co....
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
S&P Rates Berkshire Hathaway Assurance ‘AAA’; Outlook Stable
Apr 14 2008 // Standard & Poor’s Ratings Services has assigned its ‘AAA’ financial strength and financial enhancement ratings to Berkshire Hathaway Assurance Corp. (BHAC). S&P also assigned its...
Marsh Survey Finds Corporate Captive Growth Despite Soft Market
Apr 11 2008 // Marsh’s London office has issued a new “global benchmarking report,” which examines the use of captive insurance companies by today’s global firms. The report -“Next Generation Captives...
Agent Survey: Views on Wholesale Market
Apr 11 2008 // Why do retail agents and brokers choose a particular wholesale broker or managing general agency to work with over another? What’s more important to a retailer — service or price? Insurance Journal invites...
Report: Underwriting Hurt Insurers’ Bottom Lines in 2007
Apr 11 2008 // Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s...
S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks
Apr 10 2008 // Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life...
Report: Obesity Costing Firms $45B a Year in Work Loss, Medical Costs
Apr 10 2008 // The rate of obesity in the United States has doubled in the last 30 years, and those extra pounds weigh on companies’ bottom lines, according to a new report from The Conference Board. Today, 34 percent of American...
Snowmobile Deaths in Michigan Rise Slightly in 2007-08
Apr 9 2008 // The number of snowmobile-related deaths in Michigan rose slightly this past winter. It’s the first increase in five years. A report issued Monday says 22 people died from snowmobile injuries during the 2007-08...
Study: California Workers’ Comp Claims Cost Decreasing
Apr 8 2008 // California’s Workers’ Compensation Insurance Rating Bureau has released a study that notes that following workers’ comp reform, statewide average ratios of loss adjustment expense (LAE) to loss per claim...
Survey: 1Q Commercial Lines Premiums Drop Most Since 2005
Apr 7 2008 // Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting claims from the meltdown of...
Va. Tech Security Costs Up $10M Since Shootings
Apr 7 2008 // Virginia Tech President Charles Steger says the university has spent more than $10 million to increase security since the killing of 32 students and faculty by a deranged student last April. Steger spoke to about 70...
Texas’ Minimum Auto Liability Limits Increase April 1
Apr 7 2008 // The minimum amount of automobile liability insurance Texas drivers are required to carry for bodily injury/property damage will increase on April 1 from $20,000/$40,000/$15,000 (20/40/15) coverage to 25/50/25 coverage,...
