Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Delaware Compensation Rating Bureau Seeks Loss Costs Increase
Sep 3 2015 // The Delaware Compensation Rating Bureau (DCRB) announced that it has submitted to the Delaware Department of Insurance a filing of revisions to the state’s Residual Market Plan, voluntary market loss costs and...
Towers Watson & Cambridge to Provide Usage-Based Auto Insurance Market Info
Sep 3 2015 // Global professional services company Towers Watson and Cambridge Mobile Telematics (CMT), a telematics technology provider will use “advanced mobile sensing, data analytics and behavioral science,” in an...
66% of Small Businesses Lack Business Interruption Coverage: Survey
Sep 2 2015 // Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new...
Competition Increases in Louisiana Insurance Commissioner Race
Aug 31 2015 // Insurance Commissioner Jim Donelon has picked up another challenge to his fall re-election bid. Charlotte McDaniel McGehee, a Democrat and lawyer from Baton Rouge, announced her candidacy this week. In a statement, McGehee...
New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak
Aug 28 2015 // Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said it has...
UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report
Aug 27 2015 // The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by...
Generali Signs Global Deal to Target High-Growth Markets via Smartphones
Aug 27 2015 // The Generali Group has signed a global deal with Obi Worldphones™, aiming to target, via smartphones, 20 high-growth markets with a prospective customer base of more than 10 million people. “This breakthrough deal...
Citizens: Water Losses the Reason for Rate Increases in South Florida
Aug 26 2015 // In a nearly three-hour rate hearing on August 25, representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their recent rate filing, which included significant increases in many...
Small Fleet Managers Would Choose Insurer for UBI Service: Survey
Aug 25 2015 // More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics...
Louisiana Jobless Rate Dips but Job Totals Shrink
Aug 24 2015 // Fewer people had jobs in Louisiana in July as employer payrolls shrank, but the unemployment rate fell again as even more people left the labor force. The state’s unemployment rate fell to 6.2 percent in July from...
Survey of Global Executives Reveals Business Threat of Poor Risk Oversight
Aug 24 2015 // Businesses are putting themselves in danger by neglecting or avoiding formal risk management processes, according to a new study by the Enterprise Risk Management Initiative at North Carolina State University on behalf of...
Michigan’s PIP Maximum Work Loss Benefit Rises Slightly
Aug 21 2015 // The maximum work loss benefit payable under policies of personal protection insurance in Michigan will rise very slightly for the year beginning Oct. 1, the Michigan Department of Insurance and Financial Services...
NCCI Proposes Decrease to Florida Workers’ Comp Rates
Aug 21 2015 // The Florida Office of Insurance Regulation said today that it has received the 2016 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide...
Uber Bookings on Pace to Pass $10B This Year, Investor Report Shows
Aug 21 2015 // Uber Technologies Inc’s global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by...
New Hole Opens Up at Site of Fatal 2013 Florida Sinkhole
Aug 20 2015 // Sometime after the sun came up Wednesday, a woman walking her dog past a fenced-off area in a sleepy suburban neighborhood near Tampa, Florida, heard a loud rumble. She quickly dialed 911. The earth had opened, again. By...
Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
Aug 20 2015 // “Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take...
Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI
Aug 19 2015 // The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event causes an exceptionally large group of related losses, said the International Union of Marine...
NCCI Seeks Workers’ Comp Loss Costs Increase in Virginia
Aug 19 2015 // The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the Virginia State Corporation Commission (SCC). Based on its review of the most recently...
Study: In 1st Year, 2 Florida Laws Reduced Amount of Opioids Prescribed
Aug 19 2015 // Two Florida laws, enacted to fight prescription drug abuse and misuse in that state, led to a small but significant decrease in the amount of opioids prescribed the first year the laws were in place, a new study...
Progressive Insurance CEO on 5 Macro Trends of Note
Aug 19 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...
