Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Third Point Re’s Q2 Net Income Rises to $53.4M in Biggest Profit Since 2013
Aug 5 2016 // Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to...
Survey: Louisianans’ Views on Insurance Depend on Where They Live
Aug 4 2016 // Those who live inland and those who live along Louisiana’s coast differ in their viewpoint of homeowners and renter’s insurance, according to a new survey of registered Louisiana voters. The survey by NORC...
West Virginia Workers’ Comp Rates to Decrease by 14%
Aug 4 2016 // The National Council on Compensation Insurance filed a proposed drop of 14.7 percent in workers’ compensation loss cost rates with the West Virginia Insurance Commissioner. In response, West Virginia Gov. Earl Ray...
Convictions, Complaints Added Up for Pilot in Hot Air Balloon Crash
Aug 3 2016 // The pilot of the hot air balloon that crashed on July 30 in Texas had at least four drunken-driving convictions, two prison stays and more than 40 customer complaints in his past, records show. Alfred “Skip”...
Premium Hikes of Up to 45% Sought by Illinois Health Insurers
Aug 3 2016 // Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public on...
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey: Participate Now
Jul 27 2016 // How are firms attracting and keeping new talent? How are organizations using data to provide their clients with insights into their business? Will historical growth rates be sustainable? What functions with an agency are...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
Jul 27 2016 // Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s...
Insurance Costs Rise in Idaho County following Lawsuits
Jul 25 2016 // Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The Times-News reported that the county’s insurance payments have increased 58...
What Keeps D&Os Awake at Night? Coverage Concerns Rise
Jul 25 2016 // There are numerous emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect
Jul 25 2016 // New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they...
Towergate London Market Appoints Pearce to Lead Growth Strategy
Jul 22 2016 // Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.* Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David...
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
Jul 22 2016 // A.M. Best has revised the outlooks to stable from positive of Lloyd’s and Lloyd’s Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) and issuer...
New York Workers’ Compensation Loss Costs Going Up Oct. 1
Jul 21 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs. The new benchmarks will go into effect Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep...
South Carolina Workers’ Comp Loss Costs Going Up, New Filing Requirements Take Effect
Jul 21 2016 // New requirements regarding the implementation of changes in workers’ compensation loss costs have been passed by the South Carolina Legislature, and the insurance department is reminding insurers to ensure they...
Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey
Jul 20 2016 // Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55...
3 States Sue Volkswagen, Charge Cover-Up of Diesel Fraud Went on for Years
Jul 20 2016 // Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil...
