Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Study Shows Increase in Treatments per Workers’ Comp Claims
Sep 26 2008 // The National Council on Compensation Insurance, headquartered in Florida, posted a new research study regarding a continuing increase in treatments per workers compensation claims. NCCI says in recent years, workers’...
Aon Study Concludes Airline Insurance Market ‘Hardening’
Sep 25 2008 // A bulletin from Aon’s London office concludes that the airline insurance market “is hardening for the first time in five years, with a five percent increase in lead hull and liability premium between January...
Too Early to Tell if Kentucky Windstorm will Increase Insurance Rates
Sep 24 2008 // The Kentucky Office of Insurance says it’s too early to tell if the severe winds caused by the remnants of Hurricane Ike will result in insurance rate hikes. The Courier-Journal reported insurers have received tens...
Marsh Notes Increase in UK Class Actions Spurs Coverage Demands
Sep 23 2008 // A combination of “class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms,”...
Kentucky’s ‘Worst Storm on Record’ Prompts Disaster Declaration Request
Sep 23 2008 // Kentucky Gov. Steve Beshear requested a presidential disaster declaration to help recover costs for public damages suffered in some 70 counties and cities across the commonwealth. As of Sept. 19, Beshear said 29 counties...
Conning: D&O Market Finds Way to Grow Even In Overall Soft Market
Sep 22 2008 // Over the past decade, the directors and officers liability market has grown faster than the broader property/casualty market, at nearly double the rate of the commercial lines average. Premium growth has come from pricing,...
Fitch: P/C Profits Decline Sharply in First-Half 2008
Sep 22 2008 // The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008. Profitability declined due to poor investment performance and deteriorating accident-year underwriting results, which...
Illinois Mayor Charged with Insurance Fraud Steps Down
Sep 22 2008 // Niles, Ill.’s long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement was effective Sept. 1. The Village Board is expected to appoint...
Washington Proposes 3% Increase in Workers’ Comp Rates
Sep 19 2008 // Washington’s Department of Labor & Industries (L&I) has proposed a 3 percent increase in 2009 workers’ compensation rates. Average premiums would go up by just under 2 cents per hour worked. “We...
Lloyd’s Execs Comment on ‘Mixed Outlook’ for Marine Sector
Sep 17 2008 // Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of...
Mo. Workers’ Comp Claims Decline, Sparks Debate Between Officials
Sep 17 2008 // The number of workers’ compensation claims has gone down since a 2005 Missouri law made it harder to prove workplace injuries. Insurance premiums also have declined for businesses. Republican Gov. Matt Blunt touts...
Oregon Workers’ Compensation Costs To Decrease About 6%
Sep 15 2008 // Employers in Oregon will pay nearly 6 percent less on average for workers’ compensation coverage in 2009, the Department of Consumer and Business Services announced. The reduction in the workers’ compensation...
S&P Report Analyzes 10 Years Of Natural Catastrophe Bonds
Sep 12 2008 // A report from Standard & Poor’s Ratings Services notes that the “natural catastrophe (nat-cat) bond market has come a long way since S&P rated its first true nat-cat bond a decade...
Bristol West Decreases Washington Auto Rates 10 Percent
Sep 12 2008 // Davie, Fla.-based Bristol West Insurance Co. announced it is decreasin automobile insurance rates up to 10 percent for current and new customers in Washington. The rate decrease is effective Sept. 16, 2008, and is based on...
RMS Estimates Ike Insured Losses up to $200 Million – So Far
Sep 12 2008 // Risk Management Solutions estimates that the damage wreaked by Hurricane Ike in the popular Turks & Caicos Islands and Bahamas at between $50 million and $200 million. RMS said the majority of the losses were due to...
Oklahoma Agents Group Surveys Legislative Candidates on Issues
Sep 11 2008 // As the political season moves into high gear, the Independent Insurance Agents of Oklahoma (IIAO) has released the results of a non-partisan survey of candidates for state legislative offices. The association acknowledged...
North Carolina Insured Drivers to See Rate Decrease of 16.1%
Sep 11 2008 // North Carolina Insurance Commissioner Jim Long signed an order requiring a 16.1 percent reduction in private passenger auto rates and a 11.7 percent reduction in motorcycle liability rates. The decreases will become...
S&P Reports Examine Reinsurers’ Risk Management, Pricing Trends
Sep 9 2008 // Standard & Poor’s Ratings Services has published two reports, coinciding with the Reinsurance Rendezvous in Monte Carlo, which examine the reinsurance industry’s progress in implementing risk management...
S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...
Catlin Sponsors Major Arctic Survey
Sep 4 2008 // The Bermuda-based Catlin Group Limited announced that it is sponsoring a major scientific expedition to capture vitally needed data for scientists studying the impact of global warming on the Arctic ice cap. “The...
