Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Connecticut Approves NCCI’s Workers’ Comp Loss Cost Decrease Filing
Nov 21 2014 // The Connecticut Insurance Department recently approved the National Council on Compensation Insurance’s (NCCI) workers’ compensation filing for an overall -0.6 percent change for pure premium loss costs and an...
New Jersey Approves 2.9% Increase in Workers’ Comp Rates, Rating Values
Nov 18 2014 // New Jersey’s Compensation Rating and Inspection Bureau announced that the commissioner of banking and insurance has approved a 2.9 percent increase in rates and rating values applicable to New Jersey workers’...
Small Business Insurance Market Primed for Consolidation
Nov 18 2014 // If heavy competition breeds consolidation, then the property/casualty small business insurance market is ripe for it in the coming years. Both large and small insurers devote lots of attention to the space, but no single...
Kansas Agents See Increased Demand for Earthquake Insurance
Nov 17 2014 // Kansas insurance agencies say they’ve been flooded with queries about earthquake coverage after the 4.8 magnitude temblor on Nov. 12. “We have been getting calls all day,” Matt Woodall, who works at a...
Speed Limit to go up Along Utah’s Wasatch Front
Nov 17 2014 // The Utah Department of Transportation is moving ahead with plans to raise freeway speed limits along the Wasatch Front from 65 mph to 70 mph. UDOT officials say while they’re seeking comment from affected cities and...
Large Agencies More Optimistic About Future Growth: Study
Nov 17 2014 // Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts,...
Climate Change Report Paints Portrait of Dystopian Future
Nov 17 2014 // A major climate change report issued this month offers dire predictions, a call to action to government and industry and it assesses the blame for a rapidly changing and more volatile world on mankind. The United...
Trends Support Positive Outlook for Homeowners Insurance: Aon Benfield
Nov 17 2014 // Emerging trends support a positive profit outlook for homeowners insurers, a leading broker believes. Reinsurance broker Aon Benfield’s “2014 Homeowners ROE Outlook” concludes that insurers’...
Car-Deer Collisions Down Slightly in Illinois in 2013
Nov 14 2014 // Collisions between cars and deer in Illinois were down in 2013 compared to 2012 — though not by much. Figures released Nov. 12 show a 1 percent decline in numbers of cars hitting deer in 2013 compared to 2012. There were...
Pet Insurance Outpaces Accident-Health in Sales Growth
Nov 13 2014 // Maria Makara didn’t hesitate to insure her two new dogs. That’s because they’re family. Her previous pet, a Yorkshire terrier, died in 2013 after contracting pancreatitis and Cushing’s disease....
Health Plan Costs Up Slightly; What Employers Are Doing About It
Nov 13 2014 // In 2014, U.S. companies and their employees saw a slight uptick in the rate of U.S. health care cost increases, according to an analysis by corporate health and benefits consultant Aon Hewitt. After plan design changes and...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
Obamacare Enrollment Forecast Cut by 30%
Nov 11 2014 // The U.S. administration on Monday dramatically cut expectations for 2015 Obamacare enrollment, saying it aims to have a total of 9.1 million people enrolled in government-backed federal and state health insurance...
FBI Reports Decreases in Violent, Property Crimes
Nov 10 2014 // The estimated number of violent crimes in the nation decreased 4.4 percent in 2013 when compared with 2012 data, according to the latest FBI figures. Property crimes decreased 4.1 percent, marking the eleventh straight...
NCCI Proposes Decrease in Workers’ Comp Loss Costs in Georgia
Nov 7 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost and assigned risk rate filing to the Georgia Department of Insurance. Based upon its review of the most...
Swiss Re Net Income Rises 14%, Supported by Lower Catastrophe Losses
Nov 7 2014 // Swiss Re AG, the world’s second- biggest reinsurer, said third-quarter profit rose 14 percent, beating analysts’ estimates, following lower-than-expected losses from natural catastrophes. Net income rose to...
Florida Rejects NCCI’s 3.3% Rate Decrease, Calls for Larger Cut
Nov 6 2014 // Florida Insurance Commissioner Kevin McCarty issued an order on Wednesday notifying the National Council on Compensation Insurance (NCCI) that its proposed 3.3 percent overall decrease in workers’ compensation rates...
Impact Forecasting: Costs of Tropical Cyclones Up for Non-U.S. Exposures
Nov 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
New Hampshire Approves NCCI’s Loss Cost Decrease Filing
Nov 6 2014 // The New Hampshire Insurance Department announced Wednesday that it has approved the National Council on Compensation Insurance’s (NCCI) advisory loss cost and rating values filing to be effective Jan. 1, 2015. The...
Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey
Nov 5 2014 // The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of...
