Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims
Aug 7 2015 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income increased to 2.02...
Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014
Aug 6 2015 // Third Point Reinsurance Ltd., headquartered in Bermuda, reported net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015, compared with net income of $31.3 million, or $0.29 per...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims
Aug 6 2015 // Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion]...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Maryland
Aug 4 2015 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Maryland Insurance Administration. NCCI stated in its July 28 filing that based on its review...
Midwest Headed for Economic Slowdown, July Survey Suggests
Aug 4 2015 // Slumping numbers in a July survey suggest there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states, according to a report issued Aug. 3. The overall Mid-America Business...
Golf Carts on Roads Increasingly Common in Southern Illinois Cities
Aug 4 2015 // A mode of transportation that took hold in retirement communities is becoming increasingly acceptable in some small southern Illinois cities. The (Carbondale) Southern Illinoisan reports that the Benton City Council will...
Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Aug 4 2015 // Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their...
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Aug 4 2015 // Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New...
AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
Aug 4 2015 // French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France. Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from...
OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
Aug 3 2015 // OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency...
West Virginia to See Decrease in Workers’ Comp Premiums
Aug 3 2015 // Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the...
Auto, Homeowners Insurance Rates Rise in Ohio in 2014
Aug 3 2015 // The average rates for the top 10 private passenger auto and homeowner’s insurance groups in Ohio increased 2.6 percent and 4.3 percent, respectively, in 2014. The average rate change for auto insurance is similar...
Progressive CEO Renwick’s 5 Macro Trends of Note
Aug 3 2015 // By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have...
The Doctors Co. Challenges Florida’s Order to Decrease Med Mal Rates
Aug 3 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
Aon’s Q2 2015 Earnings Report: Total Revenue -4%; Net income -41%
Jul 31 2015 // Aon’s second quarter earnings report highlights some of the difficulties the re/insurance industry is experiencing. Total revenues from Aon’s combined sector activities decreased by four percent to $2.80...
Michigan Insurance Regulators: Consumer Complaints Up in 2014
Jul 31 2015 // Announcing it assisted 172,913 consumers across the state in 2014, the Michigan Department of Insurance and Financial Services said consumer complaints increased last year compared to 2013. Health insurance generated the...
Upward Trend in Highway Fatalities Draws Concern in Delaware
Jul 30 2015 // AAA Mid-Atlantic says Delaware drivers need to slow down and pay better attention when behind the wheel. Alarmed by an upward trend in road deaths this year, the motor club says too many drivers are engaging in unsafe...
Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Jul 30 2015 // Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into...
Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows
Jul 29 2015 // Workplace deaths in Oregon for the second quarter of 2015 were down markedly from the previous quarter, possibly resuming a long-turn trend of deaths on average falling steadily since the 1980s, according to the the state...
