Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
‘Great Unwind’ in Debt Financing May Stunt Companies’ Future Growth: Greenberg
Apr 7 2016 // Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after central banks have propped up economic growth for years, likening their stimuli to a...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson
Apr 7 2016 // Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead them to exit or scale back their participation in the energy sector, according to a report...
Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report
Apr 6 2016 // Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Michigan Insurance Regulators: Consumer Complaints Rising in State
Apr 4 2016 // The Michigan Department of Insurance and Financial Services said consumer complaints over insurance matters have been rising for the past three months. In February, 325 new complaints were opened and 279 complaints were...
Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market
Apr 4 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...
Florida’s Citizens Pushes Policy Changes to Address Rising Water Loss Claims
Apr 4 2016 // Citizens Property Insurance Corp.’s board of governors approved recommendations last month aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress made in returning...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Apr 4 2016 // The FBI and U.S. National Highway Traffic Safety Administration issued a bulletin last month warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
Uncertainties Outweigh Growth Benefits When P/C Insurers Take On Too Much Cyber Risk, Rating Agency Warns
Apr 4 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
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...
