Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation
Jul 29 2015 // Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC) and could instead make its insurance and reinsurance advisory services even more...
The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook
Jul 28 2015 // The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with...
Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014
Jul 28 2015 // Bermuda-based Everest Re Group Ltd. reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share, compared to net income of $290.2 million, or $6.26 per diluted common share, for the second...
Hiscox Delivers H1 Pre-Tax Profit of £135.1M, Up From £124.6M in H1 2014
Jul 27 2015 // Hiscox, the Bermuda-based specialist insurer, delivered a pre-tax profit of £135.1 million* ($205.2 million) in the first half ending June 30, 2015, compared with £124.6 million ($189.3 million) during the same period in...
The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates
Jul 27 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...
Beazley First-Half Profit Rises 16%, Led by U.S. Premium Growth
Jul 24 2015 // Beazley plc, the first Lloyd’s of London insurer to report earnings, had a 16 percent increase in first-half profit, helped by growth in its U.S. business. Pretax profit rose to $154.5 million from $132.9 million a...
Most Maine Crimes Drop in 2014 Even as Drug Arrests Grow
Jul 23 2015 // The Maine Department of Public Safety says crime dropped nearly 15 percent last year, the largest drop in the four decades that the state has kept detailed records. Commissioner John Morris said Wednesday every crime...
Speed a Factor in 27% of Louisiana Traffic Deaths in 2013: Report
Jul 23 2015 // A new report finds speeding was a factor in at least 27 percent of Louisiana traffic fatalities in 2013. The state had 703 traffic fatalities two years ago and 193 stemmed in part from speeding, a National Highway Traffic...
Ohio Sees Rise in Auto, Homeowners Insurance Rates in 2014
Jul 23 2015 // Ohio Lieutenant Governor Mary Taylor announced that 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...
Travelers Q2 Profit Up 19% on Lower Catastrophe Costs
Jul 21 2015 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural disaster costs dropped. Net income climbed to $812 million, or $2.53 a...
