Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
N.J. Insurance Underwriting Association to Implement Rate Increase
Jan 6 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, said it has received approval from the Department of Banking and Insurance to implement an overall rate...
Preliminary Data: Kansas Saw Big Increase in Tornadoes in 2015
Jan 6 2016 // Kansas’ 124 confirmed tornadoes in 2015 were 83 more than the previous year, tying for the fourth highest number since 1990, according to the National Weather Service’s preliminary data. Eric Metzger, a...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Utah’s Texting While Driving Stops Rise Again in 2015
Dec 31 2015 // More people were pulled over for texting, emailing or checking Facebook on their cellphones behind the wheel on Utah’s highways in a six-month snapshot of 2015, marking a second year of growth in stops since the law...
‘Couldn’t Stand the Weather’ Sums Up South Central News in 2015
Dec 30 2015 // If you scan the song/album list of the late, great Texas blues guitar powerhouse, Stevie Ray Vaughan, you’ll get an inkling of what the major stories from Insurance Journal’s South Central region in 2015 were...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market
Dec 30 2015 // “We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood...
Maine Police Stumped by Rise in Pedestrian Deaths in 2015
Dec 30 2015 // Maine law enforcement officials are perplexed by a troubling year-end statistic: 2015 has been the worst year for pedestrian deaths in nearly two decades. Numbers compiled by the Maine Department of Transportation and...
California Earthquake Authority’s 2016 Changes Aim to Increase Policy Count
Dec 29 2015 // It’s about the closest thing to DIY earthquake insurance as one can get, though there’s definitely no indication that the newest consumer-friendly features being rolled out by the California Earthquake...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead
Dec 29 2015 // Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to...
ACE Appoints Future Leadership Team for P&C Business in Asia Pacific
Dec 28 2015 // ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected...
ACE Announces Future Field Leadership Team for Boston Region
Dec 23 2015 // Mitchell C. Schmidt ACE Limited announced the leadership team it intends to appoint for the Boston region of the company’s North America field organization. The appointments will take effect upon completion of the...
South Carolina City Had Wettest Year on Record in 2015
Dec 22 2015 // It’s been a good year for ducks in Charleston as the National Weather Service reports that 2015 has been the wettest year on record. The Weather Service says that the record was set about 1:30 a.m. on Friday when the...
S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings
Dec 22 2015 // Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its...
P&I Premiums Expected to be Under Pressure at 2016 Renewals: Willis Report
Dec 22 2015 // A report from Willis Group Holdings notes that “despite P&I Clubs announcing that they are trying to achieve on average two percent increases in premium, ship owners with good records can look forward to...
Wisconsin Fire Outlook Towers Being Taken Out of Commission
Dec 22 2015 // Dozens of towers built mainly in the 1930s and 1940s for spotting forest fires in Wisconsin are being taken out of commission. The cost to maintain, repair or replace the 72 towers currently used throughout the state no...
S&P Affirms Zurich’s Ratings; Outlook Stable
Dec 21 2015 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ insurer financial strength rating and ‘AA-/A-1+’ long- and short-term counterparty credit ratings on Swiss-based global multiline...
Best Maintains Negative Outlook on Global Reinsurance Sector
Dec 21 2015 // A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions...
XL Catlin Increases Aviation Insurance Limits
Dec 21 2015 // XL Catlin’s North America Aviation insurance business has increased its aircraft hull and liability limits by 50 percent to accommodate companies with aviation risks in the U.S. and Canada. XL Catlin’s aircraft...
Workers’ Comp Rates in Washington to Increase 2% In 2016
Dec 21 2015 // The average base rate Washington businesses pay for workers’ compensation insurance will increase by 2 percent in 2016, the state Department of Labor & Industries announced. L&I uses wage inflation as a...
Survey: 80% of Employers Impacted by Prescription Drug Abuse
Dec 21 2015 // A recently released survey of Indiana employers shows that 80 percent have been impacted by prescription drug misuse and abuse, including opioid painkillers, in their workplaces, the state attorney general’s office...
