Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
19% Workers’ Comp Rate Decrease Proposed for Tennessee
Sep 17 2018 // The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to...
Florida Workers’ Comp Rates Going Down Again, But Future Challenges Remain
Sep 17 2018 // Florida businesses could see another significant rate decrease in workers’ compensation rates next year if Florida regulators approve the latest filing from the National Council on Compensation Insurance (NCCI). But...
Report Highlights Climate Change Risks Faced by Insurance Sector
Sep 17 2018 // A report that’s being touted as the “first important review of climate risk by an international financial standard setting body” may get the attention of the insurance community. If it does, mission...
Texas Auto Insurance Residual Plan Files Rate Increases
Sep 14 2018 // The auto insurer of last resort in Texas has filed rate increases for both private passenger and commercial auto coverage. The Texas Department of Insurance reported that the Texas Automobile Insurance Plan Association has...
Oregon SAIF Declares Dividends as Workers’ Comp Costs Decrease
Sep 14 2018 // The board of directors of the SAIF, the not-for-profit company providing workers’ comp insurance in Oregon, declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s...
Survey Finds Cyber Crimes Cost German Businesses $50 Billion
Sep 14 2018 // Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion), according to a survey published by Germany’s...
Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
Sep 12 2018 // The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group,...
North Carolina Insurance Fraud Round-Up: August
Sep 10 2018 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of August. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
Low-Level Airports at Risk from Flooding by Rising Sea Levels: Opinion
Sep 7 2018 // The sight of a flooded Kansai International Airport and 3,000 stranded people after Typhoon Jebi slammed into southern Japan this week should be a warning to the world’s infrastructure investors. Airports have been a...
U.S. Report Says Lack of Staff, Resources, Planning Hurt FEMA’s 2017 Disaster Response
Sep 6 2018 // The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed...
19% Workers’ Comp Rate Decrease Proposed for Tennessee
Sep 6 2018 // The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to the...
California Comp Quarterly Report: Written Premium on Pace with Last year, but an Overall Declining Trend
Sep 5 2018 // Worker’s compensation rates in California have been going down a while, and that has had an impact on written premium, a report released on Wednesday shows. The Workers’ Compensation Insurance Rating Bureau of...
Gender, Seniority Key Factors in Workplace Harassment: Hiscox Survey
Sep 5 2018 // More than one-third (35 percent) of employees in the U.S. feel they’ve experienced workplace harassment, and half of them believe it was due to their gender. A study released by specialty insurer Hiscox also found...
2018 Deadliest Year for North Carolina Boating Accidents in 2 Decades
Sep 4 2018 // North Carolina’s Wildlife Commission says 29 people have died in boating accidents this year, making it the deadliest in the past 20 years. Commission officials tell the Asheville Citizen-Times that victims...
Rebranding and Embracing Change to Thrive in the Future of Work
Sep 3 2018 // The wave of innovation has taken the insurance industry by storm, forever changing organizations, processes and people alike. Risk management telematics are calculating accurate policies for underwriters, big data is...
15 Emerging Risks Worth Watching That Are Not Cyber
Sep 3 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some...
Emerging Opportunities
Sep 3 2018 // Sometimes emerging risks are hiding in plain sight. As was the case for the man who was seriously injured when he fell through the floor in a museum in Portugal. The exhibit was designed to look like a hole in the floor...
As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.
Sep 3 2018 // Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study...
Report: Missouri Medical Professional Liability Insurers Saw Slight Profit in 2017
Sep 3 2018 // In 2017, poor underwriting results for medical professional liability insurers in Missouri were partially offset by higher investment returns, and insurers barely eked out a profit, earning a 0.2 percent return on net...
Agencies Focus on Growing Larger Accounts: Channel Harvest Survey
Aug 29 2018 // Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and...
