Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report
Jun 8 2018 // Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe...
A.M. Best: Outlooks Negative for National Lloyds, American Summit Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of National Lloyds...
Outlooks Revised to Stable for North Dakota’s Center Mutual Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Center Mutual Insurance Co. in Rugby,...
Here’s What’s to Expect for Global Commercial Insurance Market Growth
Jun 8 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017...
Report: Florida Led Nation in Boating Accidents, Deaths in 2017
Jun 8 2018 // Officials say the number of boating accidents in Florida is rising. The Florida Fish and Wildlife Conservation Commission last month released its annual boating accident report that showed that there was a nearly 14...
Most Commercial Insurance Prices Continued Creeping Up in May: IVANS
Jun 5 2018 // Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as...
Nevada Motorists Face July 1 Auto Insurance Rate Increase
Jun 4 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up. Officials announced earlier that almost one...
Delaware Seniors See Average Decrease of More Than $100 in Car Insurance Rates
Jun 4 2018 // Delaware’s House Substitute 1 for House Bill 80 (HS 1 for HB 80), signed into law on August 1, 2017, went into effect on May 1 of this year. As a result of the legislation, Delaware consumers with policies through...
Illinois’ Cost per Workers’ Comp Claim Grew 1-3% Per Year: WCRI
Jun 4 2018 // The average total cost per workers’ compensation claim in Illinois grew annually between 1 percent to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute. The growth was...
North Carolina Steps Up Workers’ Comp Fraud Investigations, Fines for No Coverage
Jun 4 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...
Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage
Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising. In 2017, for the fourth consecutive...
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...
