Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
UNDER Construction: The Green Property Insurance Market
Nov 6 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Litigation trends continue to mount worldwide, report says
Nov 6 2006 // Insurers face five times the average number of lawsuits than other economic sectors Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 5 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Litigation trends continue to mount worldwide, report says
Nov 5 2006 // News Currents Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage...
Health Care Costs Rise Faster Than Income in Texas, Report Says
Nov 2 2006 // Health care premiums in Texas rose nearly 71/2 times faster than working families’ incomes over the past six years, according to a report released Oct. 30 by a consumer health advocacy group. Families USA of...
IIAT Survey Finds Texas Coastal Insurance Market Tighter; More Costly
Oct 31 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Home design changes can increase risk
Oct 23 2006 // Homeowners’ quest for convenience might outweigh potential maintenance risks when it comes to new-home construction, according to a recent examination of building trends by Seattle-based PEMCO Insurance. According to...
Poor stepchild HO market about to smarten up
Oct 23 2006 // It’s worth $53 billion a year but the homeowners insurance market is largely unsophisticated and unloved, according to Brian Sullivan, editor of Risk Information Inc., which publishes the Property Insurance Report....
Pricing plays catch-up with evolving homeowners market
Oct 23 2006 // Many single-family homes today look more and more like grand estates than the simple boxy houses with attached garages that were abundant not so long ago. Homes are much larger and more customized compared to 20 or 30...
Survey: Commercial Market Softens, Insurer Appetite Increases
Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Fed Survey Finds Easing of Credit Underwriting Standards
Oct 18 2006 // The Office of the Comptroller of the Currency’s annual Survey of Credit Underwriting Practices reports that competitive pressures have led to a third consecutive year of eased commercial and retail credit...
Mo. Insurance Dept. Releases 2005 Medical Malpractice Report
Oct 16 2006 // In 2005, medical malpractice insurers in Missouri recorded a positive underwriting result for the second consecutive year and the highest recorded number of new claims filed, according to the 2005 Medical Malpractice...
What Does the Future Hold for Insurance Agents’ E&O?
Oct 13 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
S.C. Workers’ Comp Said to be in Crisis as Rates Rise Again
Oct 13 2006 // Workers compensation loss costs may increase by 18.4 percent for businesses in South Carolina effective Dec. 1, 2006. Robert Herlong, vice president and regional manager for Property Casualty Insurers of America, said...
Litigation Trends Continue to Mount Worldwide; Insurers Face Five Times the Average Number of Lawsuits
Oct 11 2006 // Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over...
PRICING PREDICTIONS
Oct 9 2006 // Pricing for D&O coverage is soft, according to panelists Lance Dalzell-Piper of Marsh FINPRO, David Bradford of Advisen Ltd., and Patrick Kelly of Wilson Elser, who summed up the Plus D&O West Symposium...
Workers’ comp claim frequency and size continue downward trend
Oct 9 2006 // A recent study based on data collected through 2004 shows that workers’ compensation claims frequency is down — yet costs continue to rise. The lowered frequency of claims includes large claims and small claims...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
