Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017
Aug 6 2018 // This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year
Aug 6 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported. Total premium in Texas stood at $3.06 billion as of June...
‘Obamacare’ Premiums to Decrease in Louisiana Next Year
Aug 3 2018 // Many Louisianans with health insurance through the Affordable Care Act’s individual exchange are set to see premiums drop. The Advocate of Baton Rouge reports premiums are expected to drop by an average of 6.9...
Hong Kong Insurance Market Attracts Mainland Chinese Seeking Lucrative Pay
Aug 2 2018 // May Zhang, a 28-year-old from the southern Chinese city of Shenzhen, holds a master’s degree in engineering from the University of Oxford, but now makes her living selling insurance in Hong Kong. Drawn by lucrative...
Flood Insurance Uptake Rates Rise in Texas Following Harvey
Jul 31 2018 // Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home’s flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the...
Midlands Management Enters Oklahoma Marijuana Insurance Market
Jul 31 2018 // Oklahoma City-based wholesale insurance broker and program manager, Midlands Management Corp., has introduced comprehensive coverage for the marijuana industry in Oklahoma. The Midlands program offers products liability,...
French Insurer CNP Declines to Comment About Merger Speculation
Jul 30 2018 // French insurer CNP, which has been the subject of merger speculation, reiterated its annual earnings growth targets as it posted higher interim net profits. CNP’s first-half net profits rose 2.3 percent to 672...
Crypto Prediction Market on Blockchain Raises Regulatory Concerns
Jul 27 2018 // The next confrontation between government regulators and a blockchain startup appears set to ensnare a prediction market platform that goes by the name Augur. After going live on July 10, Augur allows anyone to create...
A.M. Best Revises Outlooks to Negative for Wisconsin Municipal Mutual Insurance
Jul 26 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Wisconsin Municipal Mutual Insurance...
Pennsylvania Warns Consumers, Insurers About Rising National Auto Theft Rates
Jul 26 2018 // Pennsylvania Insurance Commissioner Jessica Altman has reminded drivers to take precautions to prevent auto theft, as a recent report shows the rate of car theft nationally rising by more than four percent in the first...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year
Jul 25 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported. Total premium in Texas has increased to $3.06 billion, as...
Chubb Q2’s Results Reflect Continued P/C Pricing Momentum
Jul 25 2018 // Chubb has a very good second quarter in both underwriting and investments, reporting net income of $1,294 million compared with $1,305 million for the same quarter last year. P/C net premiums written increased 5.6 percent...
UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
What’s New in Today’s Construction Insurance Market
Jul 23 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
Texas Stamping Office: National E&S Insurance Premium Up 9.4% at Mid-Year
Jul 23 2018 // Excess and surplus lines (E&S) insurance premium recorded by the 15 managing service offices in the United States increased 9.4 percent as of the 2018 mid-year point, the Surplus Lines Stamping Office of Texas (SLTX)...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS
Jul 17 2018 // The third insured loss estimate for extratropical Cyclone Friederike, also known as “David,” has risen to €1.675 billion ($2.0 billion), according to PERILS, the independent Zurich-based organisation that...
Travelers: Use Current Auto Insurance Model for Autonomous Future
Jul 17 2018 // Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the...
Liberty Mutual Increases Per Risk Property Insurance Capacity to $800M
Jul 16 2018 // Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to...
