Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Idaho Workers’ Comp Rates to Decrease Another 3.4% in June
Apr 20 2018 // The Idaho Department of Insurance has approved a proposal from the National Council on Compensation Insurance for another 3.4 percent decrease to workers’ compensation insurance rates. The decrease is effective for...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
Apr 19 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between...
Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS
Apr 17 2018 // PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
How Agencies Grow Today: Channel Harvest Survey
Apr 17 2018 // When it comes to business growth, agents have their eyes on the same prize but different ideas about how to secure it. That’s one of the key findings of “Agent Voices 2018,” a soon-to-be-released report...
Nationwide Switching to Independent Agency Distribution Model by 2020
Apr 16 2018 // Independent agents take note – Nationwide may be on your side. Nationwide on Monday announced its intention to shift to an independent agency distribution model over the next two years. The Columbus, Ohio-based carrier,...
Rising Claims Frequency Hampers Results in Directors & Officers Liability Insurance Sector
Apr 16 2018 // The underwriting performance in the U.S. directors and officers (D&O) liability insurance market deteriorated significantly in 2017. Competitive pricing and an increasing number of lawsuits have hurt the line’s...
2018 Young Agents Survey: Straight Talk From Young Agents
Apr 16 2018 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 16 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
Insurer Hagerty’s 10 ‘Hot’ Future Collectible Cars from 2018 Models
Apr 12 2018 // While the future of new car ownership may be up for debate, 2018 has ushered in a new class of vehicles that promise to be sought-after collectibles. According to Hagerty, which specializes in insurance for collectible...
What to Expect in Commercial Insurance Pricing for Rest of 2018: WTW Spring Forecast
Apr 12 2018 // Commercial property insurance rate increases are easing off initial spikes following 2017’s record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on many lines of...
Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims
Apr 12 2018 // Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and...
As Opioid Prescriptions Decline, Abuse Treatment Costs Rise for Health Plans
Apr 9 2018 // A new report on the opioid crisis and employer-based health coverage, finds that while the use of prescription opioids among people with employer-based health coverage has declined to its lowest levels in over a decade,...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 6 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
This Just In: Early Forecasts for 2018 Hurricane Season
Apr 6 2018 // An early forecast for the 2018 hurricane season calls for a slightly above-average season with 14 named storms, seven hurricanes, and three major hurricanes. Dr. Philip Klotzbach of Colorado State University (CSU), a...
$332B in Premiums Makes California World’s 4th Largest Insurance Market
Apr 5 2018 // California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS
Apr 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Bermuda Monetary Authority Sees Increase in Re/Insurance Registrations in 2018
Apr 3 2018 // The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations. Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include...
Federal Flood Insurance Average Premium to Rise 8%
Apr 2 2018 // A typical premium charged by the National Flood Insurance Program is slated to rise about eight percent in the coming year, with the estimated average premium going from $866 to $935. When various surcharges are added, the...
Overall Rate of Uninsured Motorists Rising Nationwide: Insurance Research Council
Apr 2 2018 // Nearly one in eight U.S. motorists is driving around uninsured and putting insured drivers at greater risk in the event of an auto accident, according to a study. The study, directed by the Insurance Research Council (IRC)...
