Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
XL Catlin Names Tennant Pollock as VP, Emerging Markets
Sep 6 2016 // XL Catlin has named Lauren Tennant Pollock as vice president, Emerging Markets, based in New York. She will work with XL Catlin’s Emerging Markets team providing reinsurance and insurance to developing regions across...
Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016
Sep 6 2016 // Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase...
The Future of Climate Change Modeling
Sep 6 2016 // For the last few years there’s been a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went something like:...
Consumers Rely Too Much on Homeowners Insurance: Survey
Sep 6 2016 // Too few Americans take steps to prepare for disasters, and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted...
AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch
Aug 29 2016 // About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S....
Outlooks for Wisconsin Mutual Insurance Revised to Positive: A.M. Best
Aug 26 2016 // A.M. Besthas revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC) in Madison,...
A.M. Best Revises Outlook to Positive for Texas-Based State National Group
Aug 25 2016 // A.M. Best revised the issuer credit rating (ICR) outlook to positive from stable, and affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of “a” of State National Insurance Co. Inc. and...
Traffic Fatalities Continue to Rise; Up 9% in First Half of Year
Aug 24 2016 // Preliminary estimates from the National Safety Council indicate motor vehicle deaths were 9 percent higher through the first six months of 2016 than in 2015, and 18 percent higher than two years ago at the six month...
66% of Insurers Plan Increased Hiring Over Next Year: Study
Aug 22 2016 // More than 66 percent of insurance companies intend to increase staff during the next 12 months, according to a new midyear labor study. That rate is the highest in the history of the study, The U.S. Insurance Labor Outlook...
North Carolina Court Upholds Commissioner’s 25% Rate Increase Rejection
Aug 22 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled Aug....
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 22 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 22 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Oklahoma Geological Survey Studying Injection Well/Earthquake Connection
Aug 17 2016 // The Oklahoma Geological Survey is studying the relationship between seismic activity and wastewater injection wells with a survey in the Arbuckle formation. Sensors will be placed into several injection wells in the...
As Louisiana Surveys Flood Damage, Death Toll Rises
Aug 17 2016 // As waters receded in parts of Louisiana’s capital city of Baton Rouge, some residents returned to their flood-damaged homes on Aug. 16 for the first time and found a soggy mess. David Key used a small boat to get to...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
Aug 17 2016 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit...
FBD Shares Surge on Reduced Losses, 2017 Profit Forecast
Aug 12 2016 // FBD Holdings Plc shares surged the most in almost eight years after the insurer posted a smaller first-half loss and said it’s on track to making a profit next year. FBD shares rose as much as 12 percent, their...
Fitch Ups Liberty Mutual’s Ratings Outlook
Aug 12 2016 // Liberty Mutual Group’s ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial strength ratings...
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 12 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Sea Level Is Rising, but at Fluctuating Rates due to Volcanic Eruption: Study
Aug 12 2016 // Climate scientists have long warned of a rise in sea level as global warming melts the world’s glaciers. But while the level has been increasing at about 3.5 millimeters a year, the rate of increase itself has...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 11 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co.. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
