Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Cyber Market Grew 32% But Small-Medium Firms Opted Out
Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
Louisiana Homeowners Insurance Market More Competitive, LDI Says
Jun 4 2018 // The Louisiana Department of Insurance says the state’s homeowners insurance market is much more competitive these days than it was a decade ago. The LDI reported in its 2018 Agency Snapshot that in 2017, the...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Researchers Cool Their 2018 Hurricane Season Forecast
Jun 1 2018 // Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don’t take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring researchers to scale...
New ISO Program Targets Home Healthcare Insurance Market
Jun 1 2018 // ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business. The aging population is one factor in the significant expansion...
Outlooks Revised to Positive for Arkansas’ Kinsale Insurance
May 31 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Kinsale Insurance...
Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates
May 31 2018 // In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors. During his 34 years in Sao Paulo...
Small Group Health Insurance Grew by 15% in Minnesota in 2017
May 30 2018 // The number of people covered by small group health insurance in Minnesota grew by 15 percent last year, ending a string of annual enrollment declines stretching back to 2004. Price hikes and tight limits last year on...
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
New York Board Proposes 11.7% Decrease in Workers’ Comp Rates
May 30 2018 // The New York Compensation Insurance Rating Board (NYCIRB), a non-governmental rate service organization, has proposed an 11.7% decrease in the overall loss cost level in New York State. The change was proposed in its 2018...
What NOAA Forecasts for 2018 Atlantic Hurricane Season
May 25 2018 // On the heels of the costliest hurricane year on record, the Atlantic is expected to produce five to nine of the mighty storms during the six-month season that starts June 1, the National Oceanic and Atmospheric...
Maryland’s Frederick County to Conduct Flood Damage Survey
May 24 2018 // A western Maryland county hit hard by flooding last week is surveying residents and businesses to get a handle on the extent of the damage. Frederick County announced Saturday that the survey will help determine whether...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
May 23 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
WCRI Study: Illinois’ Cost per Workers’ Comp Claim Grew 1-3 Percent Annually
May 22 2018 // The average total cost per workers’ compensation claim in Illinois grew annually between 1 to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute. The growth was due to...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
North Carolina Steps Up Workers’ Comp Fraud Investigations, Fines for No Coverage
May 21 2018 // North Carolina has stepped up its efforts to identify businesses not complying with state workers’ compensation laws which it says has resulted in a significant increase in fines collected compared to the same time...
Risk Management Not Keeping Pace with Technology Trends: Marsh-RIMS Report
May 21 2018 // Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a report published in...
Channel Harvest Survey: Where Do Carriers Fall Short of Agent Expectations?
May 21 2018 // There appears to be a misalignment between carrier performance and independent agents’ expectations in both personal and commercial lines. These are selected findings of “Agent Voices 2018,” a...
Minnesota Paid Workers’ Comp Claims Drop by Over 50% in 2 Decades
May 21 2018 // A recent report shows the number of paid workers’ compensation claims in Minnesota fell 54 percent relative to the number of full-time-equivalent (FTE) employees from 1996 to 2016. The 2016 Minnesota Workers’...
Florida: Federal Tax Cuts Spur 1.8% Decrease in Workers’ Comp Rates
May 21 2018 // The Florida Office of Insurance Regulation (OIR) has approved a 1.8 percent rate decrease for workers’ compensation insurance in Florida. The decrease was filed by the National Council on Compensation Insurance...
