Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Women Are 30 Years From Attaining 30% of Seats on Boards: Report
Jun 13 2016 // It will take 30 years at the current pace of change for women to attain just 30 percent of the seats on executive committees in the financial services industry globally, an Oliver Wyman report said on Monday. Globally...
California State Fund Files for Workers’ Comp Rate Decrease
Jun 9 2016 // The State Compensation Insurance Fund is seeking to cut its workers’ compensation rates, per a recent filing with the California Department of Insurance. The rate filing also includes an overall 9.5 percent rate...
Missouri Regulator: Risk Increases as Earthquake Insurance Market Shrinks
Jun 9 2016 // More than a half million Missourians are at risk because of the contracting earthquake insurance market, Missouri Department of Insurance Director John M. Huff said during the recent Heartland Insurance Symposium in Kansas...
Outlooks Revised to Stable for Hallmark Financial Services, Subsidiaries
Jun 9 2016 // Ratings agency, A.M. Best, has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of...
Traffic Deaths Down in Hawaii Since 2012 DUI Towing Law Enacted
Jun 9 2016 // Hawaii Island has seen a decrease in traffic fatalities since the implementation of a county ordinance that permits the towing of vehicles driven by those driving under the influence of alcohol or drugs. The Hawaii...
Miller Begins Succession Plans with New CEO Lined Up for 2017
Jun 9 2016 // Commencing its board succession plans, London-based Miller Insurance Services LLP announced that Greg Collins will be appointed deputy chief executive officer, with an aim to name him CEO next year. Miller also has...
Here’s How Autonomous Car Sales Will Accelerate in Next Two Decades
Jun 9 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from the automobile industry information firm IHS Automotive. By...
Doak Deems Oklahoma Earthquake Insurance Market ‘Noncompetive’
Jun 8 2016 // Oklahoma’s top insurance regulator has determined that there’s a definite lack of competition in the earthquake insurance market in Oklahoma and ordered insurers to change the way they file rates for the...
Insured Losses from Australia’s Storms Rise to $41.6M
Jun 8 2016 // The Insurance Council of Australia (ICA) has expanded the footprint of the latest insurance catastrophe to include the east coast of Victoria and Tasmania’s northern and eastern coastlines. The declaration increases...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 8 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
West Virginia University Says 5-Year Fracking Study Off to Successful Start
Jun 8 2016 // Those involved in a West Virginia University fracking project are praising its success after the first year. The Exponent Telegram reports WVU began the Marcellus Shale Energy Environmental Laboratory project last...
Ohio Insurers Group: 11 Metro Areas in State See Decline in Auto Thefts
Jun 7 2016 // The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on...
Solvency II Will Increase Reinsurance Buying Demand: Fitch
Jun 6 2016 // Solvency II will increase insurers’ demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance can help reduce...
P/C Insurers Continue to See Slow Premium Growth and Rising Loss Ratios
Jun 6 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
Beef, Microplastics, Blockchain Tech and Human Cyborgs: Swiss Re on Emerging Risks
Jun 6 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
California Could Have Early Alert Quake System by 2018
Jun 6 2016 // California Gov. Jerry Brown will seek state funds to help establish a system that issues alerts that an earthquake is occurring — with an eye on rolling out a limited system by 2018. Brown will ask the Legislature to...
Future of London Market Threatened by ‘Brexit’, Warn Market Leaders
Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of...
Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch
Jun 2 2016 // Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even a higher level of storms might not boost property insurance prices to levels seen in prior market...
Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT
Jun 1 2016 // Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first emerged during last year’s June renewal season, according to reinsurance brokerage JLT...
SMEs Reap Benefits from Trade Credit Insurance as Economic Risks Rise: UK’s ABI
Jun 1 2016 // Nearly £36 million ($52.6 million) was paid in insurance claims to small businesses last year, due to customer insolvency or late payment, according to figures released by the Association of British Insurers (ABI). With...
