Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
A.M. Best: India Law to Raise Foreign Investment Interest in Insurance Sector
Mar 24 2015 // There will be heavy interest fromforeign investors in India’s insurance sector now that global insurers are permitted to increase their stakes in Indian companies, according to a new briefing from A.M. Best. The...
Nevada’s Captive Domicile Growth Rises by $3.8B in Premium
Mar 23 2015 // The captive insurance program in Nevada outperformed growth and speed expectations by approving 26 captives in 2014, which resulted in a captive premium increase of $3.8 billion, Insurance Commissioner Scott J. Kipper...
FEMA Sets Up Review Process for Sandy Flood Claims
Mar 23 2015 // In wake of allegations that some insurers in the National Flood Insurance Program (NFIP) may have denied or underpaid Superstorm Sandy flood claims based on falsified engineering reports, the Federal Emergency Management...
Increased Chance of Big One in Long-Term Quake Forecast for California
Mar 23 2015 // Chances that California will experience a magnitude 8 or larger earthquake in the next 30 years has increased from 4.7 to 7.0 percent, according to an earthquake forecast by the U.S. Geological Survey and its partners. The...
Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market
Mar 20 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, has unveiled a new suite of flood solutions offering analytical capabilities that will enable insurers to proactively manage Canada flood...
Hallmark Insurance Group Ratings Affirmed, Outlook Still Negative
Mar 19 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of Fort Worth, Texas-based Hallmark Insurance Group (Hallmark...
Natural Disasters Could Cost $750 Billion Annually in 15 Years: AIR Study
Mar 19 2015 // Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe modeling study...
Highway Fatalities in West Virginia Down 18 percent in 2014
Mar 16 2015 // Highway fatalities in West Virginia dropped from 332 in 2013 to 271 in 2014, according to a statement by the state’s Division of Motor Vehicles Commissioner Pat Reed. The decline shows the state is moving in the...
Driving-Related Fatalities in Rhode Island Decreased 20% in 2014
Mar 13 2015 // Rhode Island’s attorney general says the number of driving-related fatalities in Rhode Island decreased 20 percent in 2014, to the lowest number in a decade. Attorney General Peter Kilmartin says there were 65...
FEMA Sets Up Review Process for Sandy Flood Claims
Mar 12 2015 // In light of recent allegations that some insurers in the National Flood Insurance Program (NFIP) may have denied or rejected Superstorm Sandy flood damage claims based on falsified reports, the Federal Emergency Management...
Increased Chance of Big One in Long-Term Quake Forecast for California
Mar 11 2015 // Chances that California will experience a magnitude 8 or larger earthquake in the next 30 years has increased from 4.7 to 7.0 percent, according to an earthquake forecast by the U.S. Geological Survey and its partners. The...
Earthquake Risks Are Rising, but Take-Up Isn’t
Mar 11 2015 // The West Coast’s risk of ruin is even greater than we previously feared. According to the just-released Third Uniform California Earthquake Rupture Forecast, the likelihood that California could see an earthquake of...
Royal Bank of Canada Is Reviewing Future of Volatile P/C Insurance Unit
Mar 11 2015 // Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling coverage in...
2015 Outlook: Profitable Despite Lower Rates
Mar 9 2015 // The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have...
Insurance Market Evolves for Drone Pilots Unwilling to Wait on Federal Regulations
Mar 6 2015 // Thousands of drones flown without government approval by real estate companies, movie studios and other businesses are getting coverage by insurers writing their own safety rules to fill a void left by regulators. One...
Executives Examine D&O Claim Trends, Cyber Exposure
Mar 6 2015 // A number of industry executives spoke with Insurance Journal recently to share their observations on the current directors and officers liability insurance claim trends. Executives also spoke about a new potential D&O...
Holding Multiple Jobs Increases Risk of Injury: Liberty Mutual
Mar 6 2015 // Researchers with the Liberty Mutual Research Institute’s Center for Injury Epidemiology have concluded that individuals who work multiple jobs — approximately 14 million U.S. residents – have a greater...
Nevada’s Captive Domicile Growth Rises by $3.8B in Premium
Mar 5 2015 // The captive insurance program in Nevada outperformed growth and speed expectations by approving 26 captives in 2014, which resulted in a captive premium increase of $3.8 billion, Insurance Commissioner Scott J. Kipper...
U.K.’s Aviva Reports 6% Increase in Operating Profit for 2014
Mar 5 2015 // Aviva plc, in the midst of buying Friends Life Group Ltd. for $8.6 billion, increased its shareholder payout for 2014 by 30 percent as the insurer reported higher profit. The final dividend was lifted to 12.25 pence per...
