Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
For 1st Time in Months Midwest Economic Forecast Figures Rise
Feb 2 2016 // January results from a survey of supply managers in nine states in the Midwest and Plains suggest some improvement in the regional economy, but the conditions apparently didn’t engender much optimism from those...
Multi-Year Trend of Reduced Natural Hazard Activity Continues in 2015
Feb 1 2016 // This post is part of a series sponsored by CoreLogic. Low-Level Hazard Activity Results in Decreased Damage and Loss Totals Looking at the big picture, 2015 was a quiet year in terms of natural hazard activity. Overall,...
So, If the Future Arrived in 2015, What About 2016?
Jan 29 2016 // Repeatedly, we have described 2015 as the “year the future arrived for insurance.” Across the board, we saw significant changes in how carriers thought about the impact of new technology and innovation. It was...
Tennessee Captive Industry Grew by 37% in 2015
Jan 29 2016 // The Tennessee Department of Commerce & Insurance (TDCI) announced that 57 new captive insurance companies domiciled in the state 2015, which represents a 37 percent increase over 2014. The new captives are comprised of...
13 Indictments Handed Down in Massive Workers’ Comp Fraud Scam
Jan 28 2016 // An investigation into what’s being called one of the largest cases of workers’ compensation health care insurance fraud in California Department of Insurance history led to 13 indictments announced today...
Ace Westchester’s Rubel: Future Trends and the Insurance Industry
Jan 28 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Survey: Natural Gas Production in West Virginia Surpassing Expectations
Jan 28 2016 // A single Ohio County, West Virginia Marcellus Shale well yielded enough natural gas in 2014 to provide electricity for 24,315 homes, according to new numbers released by the West Virginia Geological & Economic...
A.M. Best Revises Outlook for South Carolina’s Greenville Casualty
Jan 28 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B- (Fair) and the issuer credit rating of “bb-” of Greenville Casualty Insurance Company (Greenville)...
‘Old’ ACE, Chubb Report Q4, Full Year 2015 Results
Jan 27 2016 // Just shy of two weeks after closing on their merger, ACE Ltd. and Chubb Corp. released financial results for their last quarter and year as separate entities. On January 14, 2016, ACE closed on its acquisition of Chubb...
Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades
Jan 27 2016 // The way Texas-based oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the...
2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities
Jan 27 2016 // While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels...
Study: More People Killed by Guns in Tennessee than Car Accidents in 2014
Jan 27 2016 // More people died from gunshots than car accidents in Tennessee during 2014. The Violence Policy Center, an organization dedicated to informing people about gun violence, has produced a study comparing gun and car deaths...
South Carolina Moped Deaths Up By 57 Percent in 2015
Jan 26 2016 // The number of people who died in moped accidents in South Carolina increased 57 percent in 2015 from the year before, leading a legislative supporter of laws for the vehicles to reissue his call for tighter safety. The...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
Texas Stamping Office: Growth in U.S. Surplus Lines Continued in 2015
Jan 25 2016 // Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed...
Citizens Releases Analysis of Increasing Florida Water Loss Costs
Jan 25 2016 // Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp....
Texas Stamping Fee Rises, the First Change Since 2007
Jan 25 2016 // The surplus lines stamping fee rate in Texas increased at the beginning of year to 0.15 percent of the gross premium amount of surplus lines insurance policies. It’s the first change in the stamping fee for many...
Louisiana Citizens Plans Rate Reductions, Increases
Jan 25 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Something to Consider: Future Trends and the Insurance Industry
Jan 25 2016 // What will the insurance industry be like in 15 years? The future will arrive whether the industry is ready or not. And while even so-called experts are no better than the average person in predicting it, what’s most...
Second ‘Hottest’ Year on Record in U.S. Included 10 Major Weather Events in 2015
Jan 25 2016 // Last year was the second hottest on record in the contiguous United States, and included 10 major weather and climate events, such as droughts and storms, that each led to over $1 billion in damages, the National Oceanic...
