Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Texas Work Comp Division: Job Injuries, Illnesses Increased in 2006
Feb 29 2008 // The Texas Department of Insurance Division of Workers’ Compensation reported that the number of nonfatal occupational injuries and illnesses involving days away from work in private industry in Texas increased in...
Best Holds Stable Reinsurance Outlook
Feb 28 2008 // A.M. Best Co. has issued an analysis of the global reinsurance sector, indicating that it will maintain an overall “stable outlook” for 2008 for the second consecutive year. “The affirmation of the...
Calif. Landowner Says Sediment in Delta Channels Increases Flood Risk
Feb 28 2008 // A Delta farmer and levee authorities in San Joaquin County, Calif. are suing the state, claiming California water managers are increasing flood risks by allowing sediment to collect in the Sacramento-San Joaquin...
Survey: Fla. Voters Agree Property Insurance Market Still in Crisis
Feb 28 2008 // More than 40 percent of “likely” Florida voters polled in a recent survey describe the current property insurance market as a crisis, according to the Property Casualty Insurers Association of America. Neil...
Report: Auto Claim Frequency Drops But Claim Severity on the Rise
Feb 28 2008 // Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a new industry report. The report, Trends in Auto Injury Claims, 2008 Edition,...
AIG Expected to Post Rare 4Q Loss on Write-Down
Feb 27 2008 // American International Group , the world’s largest insurer, is expected to report a quarterly loss Thursday, with crippled mortgage investments taking a $5 billion bite out of its derivatives...
U.S. Healthcare Spending Surge Expected in Next Decade
Feb 26 2008 // U.S. health-care spending will devour an expanding share of the U.S. economy during the next decade, almost doubling to about $4.3 trillion in 2017, government officials forecast Tuesday. Economists at the U.S....
Coastal Growth, Not Global Warming, Blamed for Rising Storm Losses
Feb 25 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
Fla. Insurers See Hurricane Insurance Market on the Mend
Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...
Munich Re 2007 Profit Rises 11.9% to $5.835 Billion
Feb 25 2008 // The Munich Re Group announced consolidated profits for 2007 of €3.937 billion ($5.836 billion), surpassing its increased profit guidance of €3.5 to €3.8 billion ($5.18 to $5.63 billion) announced in August. The...
Medi-Spas: Industry Growth Has No Limits
Feb 24 2008 // The anti-aging and medi-spa revolution is here to stay some experts say. Just look at celebrities such as 70-year-old actress Jane Fonda or 68-year-old singer Tina Turner to see what transformations can be achieved through...
‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds
Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...
Quarterly Profit Down 62% at Marsh; 2007 Revenues Up 8%
Feb 24 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
Public Broker Stocks Down in Dec. as 2007 Closes With 205 M&A Deals
Feb 24 2008 // Stock Prices: Brokerage stocks mimicked the overall uneasiness of the stock market during January. Hilb Rogal & Hobbs (NYSE:HRH) traded down 11.2 percent while Arthur J. Gallagher traded up 5 percent. Overall the...
Munich Re Sets Up $1.5 Billion Pandemic Risk Cat Bond Facility
Feb 21 2008 // Munich Re announced the establishment of a bond program amounting to $1.5 billion for the transfer of extreme mortality risk to the capital markets. The placement marks the first time that Munich Re has set up a cat bond...
Survey: Industry CEOs Overlook Potential of Technology
Feb 21 2008 // A new survey by New York research firm found that property casualty insurer CEOs tend to focus more on the benefits of using technology to enhance distribution and service of their products, but have shortchanged how...
RMS and ImageCat Report on Costly 2007 Wildfire Season
Feb 21 2008 // Risk Management Solutions (RMS) and ImageCat, Inc., issued a joint research report Wednesday on the 2007 U.S. wildfire season. With a potential $2.5 billion in insured losses in California alone, last year ranks as one of...
Oil Companies May be Under Insured as Prices Rise, Notes Marsh
Feb 20 2008 // In a bulletin released in advance of Marsh’s National Oil Companies Conference to be held next week, the broker warned that oil companies run the risk of being under insured as world oil prices reach record...
Inspectors Survey Site of Tornado Damage in Fla. Panhandle
Feb 20 2008 // Inspectors were surveying damage in southern Alabama and the Florida Panhandle on Monday from a tornado that destroyed at least seven homes but didn’t cause any reported injuries. Investigators now believe that a...
‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds
Feb 19 2008 // Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing...
