Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Q1 Saw Rate Decreases Continue in Commercial P/C: The Council
May 4 2016 // Commercial property/casualty rates decreased across all size accounts in the first quarter of 2016, continuing a trend that has been evident since the first quarter of 2015. This year, first quarter rates decreased by an...
Public, Private Insurers Picking Up More of Opioid Drug Costs
May 3 2016 // According to a study released by Centers for Disease Control (CDC), consumer out-of-pocket spending on opioids has declined, with insurers picking up more of the tab. The study found that consumer out-of-pocket spending on...
State Auto Financial Q1 2016 Results Fall, Combined Ratio Rises
May 2 2016 // Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus net income of $24.7 million, or $0.60 per diluted share, for the first quarter of 2015. Net...
Texas-Based Agency Partnership Reports Solid Growth in 2015
May 2 2016 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced that it produced $96.3 million in total property and casualty revenue in 2015, compared to the $92.2 million in total revenue produced in...
NCCI Sees Stable Trends in New England
May 2 2016 // The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating...
Massachusetts Workers’ Comp Rates to Rise 1.5%
May 2 2016 // Massachusetts Gov. Charlie Baker’s administration announced on April 20 that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. It’s the first state-approved...
Large Insurers Eager But Cautious About Drone Insurance Market
Apr 29 2016 // A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of...
NCCI Sees Stable Trends in New England
Apr 28 2016 // The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
Apr 27 2016 // While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals...
Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy
Apr 27 2016 // Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR Global Risks, the specialist Lloyd’s broker. The...
Mitsubishi Motors Faces Uncertain Future as Fuel Test Scandal Deepens
Apr 27 2016 // For the second time in about a decade, Mitsubishi Motors Corp. faces a scandal that poses an existential threat. The Japanese automaker has improperly tested the fuel economy of its cars for the past quarter century,...
Plaintiff Seeks Future Revenues to Settle Led Zeppelin Copyright Spat
Apr 27 2016 // Lawyers suing members of rock supergroup Led Zeppelin say their client is willing to settle a lawsuit over the band’s most famous song–a claim potentially worth millions of dollars–for just $1. The catch...
Report: Missouri Recovered $15M-Plus for Insurance Consumers in 2015
Apr 25 2016 // The Missouri Department of Insurance, Financial Institutions and Professional Registration has released its 2015 Annual Report highlighting insurance industry data and department accomplishments, including the recovery of...
Groups: California Auto Repair Regs Will Increase Auto Insurance Rates
Apr 22 2016 // As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their...
Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015
Apr 22 2016 // Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015....
Fatal Occupational Injuries Fell in California in 2014, Latest Report Shows
Apr 21 2016 // The number of Californians who died on the job fell in 2014, according to the latest data available from the California Department of Industrial Relations. The DIR compiled the data from the Census of Fatal Occupational...
Allstate Racks Up Big March Losses from Southwestern Hailstorms
Apr 21 2016 // The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the...
Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...
Massachusetts Workers’ Comp Rates to Rise an Average of 1.5%
Apr 20 2016 // Massachusetts Gov. Charlie Baker’s administration announced Wednesday that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. Officials said this nominal increase...
Outlook for Columbia Insurance Revised to Stable: A.M. Best
Apr 19 2016 // A.M. Best has revised the outlooks to stable for Columbia Insurance Group (Columbia) and its subsidiaries. Additionally, the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” are...
