Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida Orders Workers’ Comp Rate Decrease of 9.8%
Nov 2 2017 // Florida Insurance Commissioner David Altmaier has ordered a statewide overall workers’ compensation rate decrease of 9.8 percent, a slightly higher decrease than the 9.6 percent decrease filed by the National Council...
Aetna Keeps Quiet About Reported CVS Merger Talks; Net Income Rises 39%
Nov 1 2017 // U.S. health insurer Aetna Inc failed to provide any hints on reported merger talks with CVS Health Corp when discussing quarterly results on Tuesday and laid out obstacles to 2018 earnings growth, sending its shares...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch
Oct 30 2017 // Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce...
Insured Loss Estimates from California Wildfires Now up to $8 Billion
Oct 27 2017 // Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS. The firm now estimates the insured loss for the wildfires...
Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS
Oct 27 2017 // The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30, 2016 has risen to €208 million (US$244.4 million), according to PERILS, the independent...
Indiana Sees First in a Decade Decline in Medical Payments per Workers’ Comp Claim: WCRI
Oct 26 2017 // Medical payments per workers’ compensation claim in Indiana decreased from 2014 to 2015 for the first time in more than a decade, according to a recent study by the Workers Compensation Research Institute (WCRI). The...
Government Report Finds Climate Change Costing Taxpayers Billions Each Year
Oct 25 2017 // A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more...
2017 California Workers’ Comp Rating Bureau Geo Study Released
Oct 24 2017 // The California Workers’ Compensation Insurance Rating Bureau has released its 2017 Geo Study. The study uses data from diverse datasets to highlight regional differences in California workers’ comp claim...
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
Oct 20 2017 // As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia...
Delaware Announces Workers’ Compensation Rate Decrease
Oct 19 2017 // Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct...
Records Show Unprecedented Increase in Firearm Thefts in Kansas City
Oct 18 2017 // Police records show there has been an unprecedented spike in gun thefts in Kansas City, Missouri. The number of annual firearms thefts sharply increased between 2015 and 2016, according to police data obtained by the...
Experts: Forget Government, Companies Must Step up to Combat Cyber Threats
Oct 17 2017 // Don’t rely on the U.S. government to protect your business from cyber threats. That was the consensus among experts speaking about cyber programs at a risk management conference on Tuesday. “The U.S. government...
Freelance Workforce Keeps Growing, Increasingly by Choice
Oct 17 2017 // Freelancing is growing. The freelance workforce grew from 53 million in 2014 to 55 million in 2016 and currently represents 35 percent of the U.S. workforce. This freelance workforce earned an estimated $1 trillion this...
U.S. Homeowners’ Premiums Grow Despite Insurers’ Decreasing Return on Equity: Aon Benfield
Oct 17 2017 // When this year’s results are tallied, direct U.S. homeowners’ insurance premiums will have continued to grow, despite a decreasing return on equity for insurers. According to Aon Benfield’s annual...
Kansas Workers’ Comp Rates to Decrease in 2018
Oct 16 2017 // Kansas Commissioner of Insurance Ken Selzer announced that workers’ compensation insurance rates on average will drop in his state in 2018. The National Council on Compensations Insurance Inc. (NCCI) filing for the...
Gov. Brown Signs Bill that Could Energize Insurance Markets
Oct 16 2017 // Given the far-reaching nature of some of the bills that Gov. Jerry Brown signed into law in recent weeks, it’s no surprise that a relatively minor tweak to the insurance code didn’t muscle its way onto the...
Idaho Workers’ Comp Rates to Decrease for 2018
Oct 16 2017 // The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 5.8 percent percent to workers’ compensation insurance. The decrease is to...
Cincinnati Financial Corp. Says Q3 Cat Losses Could Rise to $114M
Oct 13 2017 // Cincinnati Financial Corp. has announced that the Cincinnati Insurance Companies’ property/casualty group expects its third-quarter results to include pretax catastrophe losses of approximately $102 million to $114...
Lloyd’s Outlook Is Negative on Hurricane Losses; Ratings Affirmed: S&P
Oct 13 2017 // S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit...
Losses from California Wildfires Could Reach up to $6 Billion, Experts Say
Oct 12 2017 // This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting,...
