Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
Oct 23 2015 // Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled...
Cat 5 Patricia ‘Strongest Eastern North Pacific Hurricane on Record:’ NHC
Oct 23 2015 // Hurricane Patricia has strengthened into a Category 5 storm on the Saffir-Simpson scale, according to the National Hurricane Center in Miami, which is tracking the storm. The NHC’s latest bulletin said Patricia is...
Don’t Strangle the Cyber-Insurance Market in its Cradle
Oct 22 2015 // We live in an era of disruption. Technology redefines our world on a regular basis, as the wonders of networks that allow data to be transferred virtually without restriction have enmeshed knowledge and commerce into our...
ACE Q3 2015 Net Income Down 32.7% at $528 Million; Operating Income Up
Oct 22 2015 // ACE Group reported net income for the quarter ended September 30, 2015, of $1.62 per share, compared with $2.32 per share for the Q3 2014, an overall decline of 32.7 percent from $785 million in Q3 2014 to $528 million....
Allied World Posts $51.6 Million Q3 Net Loss; GWP Increase
Oct 22 2015 // Allied World Assurance Company Holdings, AG reported a net loss of $51.6 million, or $0.57 per share, for the third quarter of 2015 compared to net income of $30.9 million, or $0.31 per diluted share, for the third quarter...
Workers’ Comp Medical Payments in Illinois Rose in 2013: Report
Oct 21 2015 // Medical payments per workers’ compensation claim in Illinois rose 4.1 percent in 2013, after decreasing 20 percent between 2010 and 2012 as a result of a 30 percent reduction in fee schedule rates, according to a...
Back to the Insurance Future: What Marty McFly Saw in 2015
Oct 21 2015 // According to my history book (or “future” book), well, at least the history taught by the movies, Marty McFly landed in Hill Valley today after skipping over the last 30 years. If you see him, compare notes...
Willis Capital Market Report Finds Decline in ILS Issues as Growth Stabilizes
Oct 21 2015 // According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three...
ABI Notes UK Government Report Shows Rising Cyber Crimes
Oct 20 2015 // The Association of British Insurers (ABI) has noted that the latest UK Government crime figures, released on Monday, “show a rise in recorded crime due to cyber offences being recorded for the first time. Matt...
Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study
Oct 20 2015 // In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast...
Reinsurers See Further Price Declines for 2016 in Wake of Mergers
Oct 19 2015 // The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess...
Auto Injury Claims Frequency Falls, But Claims Costs Rise
Oct 19 2015 // Auto insurance bodily injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, according to the Insurance Research Council (IRC). The insurance...
Study: Flood Risk Rising for New York City, New Jersey Coast
Oct 19 2015 // A new study looking back over 1,000 years finds the flooding risk along the New York and New Jersey coasts increased greatly after industrialization, and major storms that once might have occurred every 500 years could...
A.M. Best Turns Outlook to Negative for Greenpath in California
Oct 19 2015 // A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova,...
Texas Tops for Heavy Equipment Thefts in 2014: Report
Oct 19 2015 // A report released by the National Insurance Crime Bureau (NICB) shows that thefts of heavy equipment increased nationally in 2014 by 1.2 percent over the previous year, and that Texas had the highest number of such...
Unlike Uber, On-Demand Office Service Cleans Up with Employees
Oct 16 2015 // It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to...
U.S. and Alaska Won’t Seek Another $92M From Exxon For Spill Decades Ago
Oct 15 2015 // U.S. and Alaska state officials announced on Wednesday they will no longer seek an additional $92 million from Exxon Mobil Corp. to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil...
Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015
Oct 13 2015 // Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by...
Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index
Oct 13 2015 // “Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment,” according to a report from Willis Group Holdings. The findings appear in the latest...
