Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Future of Boston’s July 4th Celebration In Doubt Without a Successor to Sponsor Liberty Mutual
Jul 5 2016 // This Fourth of July, the cannons roared and the fireworks burst in brilliant colors as a world class orchestra drove home the climactic finale of Tchaikovsky’s “1812 Overture,” as they have for decades...
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit
Jul 5 2016 // Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its 2016 annual profit. The Paris-based company also cited longer collection...
NCCI Proposes Nearly 20% Florida Workers Comp Rate Increase
Jul 5 2016 // The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting Florida’s...
Colorado State Ups Atlantic Hurricane Forecast to 15 Storms
Jul 1 2016 // Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two will grow into major...
London Re/Insurance Market Will Weather Brexit Storm: Execs
Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...
73% of U.S. Drivers Welcome Commuting with Robot Behind the Wheel: Survey
Jun 30 2016 // Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...
Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare
Jun 28 2016 // If you have private health insurance, the good news is you may be helping your employer keep its health care spending down. The bad news is it’s coming out of your pocket. The amount that people with private...
Data Theft by Employees Affects 69% of Businesses: Accenture Survey
Jun 27 2016 // As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s one of the...
California’s Last Nuke Plant Would Be Closed by 2025 Under Deal
Jun 24 2016 // California’s last nuclear power plant will close by 2025 under an accord announced this week, ending three decades of safety debates that helped fuel the national anti-nuclear power movement. The state’s...
Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8%
Jun 23 2016 // Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water...
Why Customer Satisfaction Is Falling for Large Auto Insurers, Rising for Small: J.D. Power
Jun 21 2016 // After climbing in each of the past two years, customer satisfaction is falling among the nation’s largest auto insurers, while satisfaction is actually up a tad for small insurers. This rising dissatisfaction with...
Environmentalists Warn of Spill Risk from Increasing Oil Shipments on Hudson River
Jun 21 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that many thought stopped those efforts. At issue is a key air permit...
AXA Plans $2.4B in Cost Cuts by 2020; Acquisitions Eyed for Growth
Jun 21 2016 // AXA SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting...
Construction Market Keeps Building: Brokers’ Outlook on Current & Future Opportunities
Jun 20 2016 // Amid ups and downs, the construction market has seen steady growth over the past four years, and now construction insurance specialists believe the market is set to finally start to heat up. The intense competition has...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 20 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
How Autonomous Car Sales Will Accelerate in Next Two Decades
Jun 20 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 auto industry information firm IHS Automotive. Roughly 600,000...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 20 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...
As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging
Jun 16 2016 // It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has...
