Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Young Agents’ Optimism High on Career Choice, Income and Future of Agency System
Apr 4 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
Riding Out the “Perfect Storm”: Navigating Change in Today’s Volatile Flood Insurance Market
Apr 1 2016 // John Dickson, President of NFS Edge Insurance Agency, Inc. April 1, 2016- If you are an insurance agent trying to survive in today’s competitive marketplace, you may have dipped your toes in the flood insurance...
April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re
Apr 1 2016 // While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For the fourth consecutive...
Workers’ Comp Costs Decline in Arkansas
Mar 31 2016 //
MetLife Wins Court Appeal to Strike Down Systemic Risk Tag
Mar 30 2016 // MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A federal...
Top Exposures Facing Global Middle Market Firms Vary by Region: Assurex Survey
Mar 30 2016 // While all middle market businesses across the world have concerns about cyber risk, few of these firms view it as their biggest exposure, according to a global survey* of 68 leading independent insurance brokers, which...
Insurance Claims from China’s Tianjin Port Blasts Rise to $3.5B: Swiss Re’s ‘sigma’
Mar 30 2016 // Insurance payouts from the chemical blasts at the Chinese Port of Tianjin last year could total up to $3.5 billion, reinsurer Swiss Re said on Wednesday, in what would be the largest ever man-made loss in Asia. The...
The Future of Commercial Drone Use
Mar 29 2016 // There could be 7 million small drones in the sky by 2020, according to U.S. aviation officials, who believe that as many as 2.7 million of them will be used for commercial purposes. These same officials predict that small...
Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson
Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...
Ageas UK Appoints Cardinus Risk Management to Provide Risk Surveys & Platform
Mar 25 2016 // Ageas UK has hired Cardinus Risk Management to provide both risk management survey software and on-site survey services to support commercial lines underwriting. Risk surveys, which are obtained by a visit to a...
35% of Arkansas Banks Closed in Past Decade
Mar 22 2016 // A lack of succession planning, the costs of fighting cyberattacks and competition with online mortgage companies that have no brick and mortar branches are some of the reasons the number of banks in Arkansas has fallen by...
Insurance Journal Survey for Young Agents: Speak Now!
Mar 22 2016 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
Shipping Industry Had Safest Year in a Decade in 2015: Allianz Report
Mar 22 2016 // The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down from 88 in 2014 and...
Survey: NW Arkansas Companies Seek to Hire Thousands, Expand Rapidly
Mar 21 2016 // A regional employer survey suggests that northwest Arkansas companies want to create more than 3,100 jobs and invest more than $336 million in expansion during the next three years. Arkansas Business reports that a quarter...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study
Mar 21 2016 // Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a...
Commentary: Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market
Mar 21 2016 // Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida...
Study: Pothole Damage Costs U.S. Drivers $3B a Year
Mar 21 2016 // A new study from the American Automobile Association (AAA) reveals that pothole damage has cost U.S. drivers $15 billion in vehicle repairs over the last five years, or about $3 billion annually. AAA is urging state and...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Mar 18 2016 // The FBI and U.S. National Highway Traffic Safety Administration (NHTSA) issued a bulletin Thursday warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
Vienna Insurance 2015 Pretax Profit Down 67% on Romanian, Polish Writedowns
Mar 18 2016 // Vienna Insurance Group AG fell the most since 2009 after writedowns at its Romanian and Polish businesses added to earlier impairments of computer systems and helped push pretax profit for last year 67 percent lower. The...
Automatic Braking, Due by 2022 in U.S. Cars, Could Prevent 20% of All Crashes
Mar 17 2016 // Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by September 2022, three sources briefed on the plans said. The U.S. National Highway...
