Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Injured Worker Cost per Claim Rises in Texas, Louisiana
May 5 2014 // Payments per claim for the medical care of injured workers in Texas grew nearly 8 percent in 2011, largely the effect of price increases from earlier reforms, according to a 16-state study by the Workers Compensation...
NCCI Reports on Workers’ Comp Legislative Outlook
May 5 2014 // The National Council on Compensation Insurance Inc. (NCCI) published on April 8 its annual workers’ compensation issues report. Included in the report is a legislative and regulatory outlook across the country. The...
Changes in Indiana Workers’ Comp System Aimed at Slowing Rise in Medical Costs per Claim
May 5 2014 // New Fee Schedule for Hospitals Goes Into Effect July 1 Like other states with no restrictions on pricing in the workers’ compensation system, medical costs per claim are high and are rising in Indiana, according to a...
Snowpack Survey Gives Bleak Summer Outlook for California
May 2 2014 // With summer approaching state water managers say California’s snowpack is at 18 percent of average for the date. The Department of Water Resources on Thursday said the season’s final survey of the Sierra Nevada...
Insured Loss Estimate from North Texas Storm Rises to $500M
May 2 2014 // The estimate of insured losses from an April 3 hail and wind storm in Denton, Texas, and nearby cities has risen. The Insurance Council of Texas now estimates that the amount of insured losses will be $500 million rather...
Nielsen, Travelers Survey: Employers Unfamiliar with Risks Posed by ACA
Apr 29 2014 // Travelers has released a Nielsen Research survey that offers insight into U.S. employers’ familiarity with and preparedness for the implementation of the Patient Protection and Affordable Care Act (PPACA). The...
Richardson, Texas, Steps Up Automobile Crime Prevention Efforts
Apr 25 2014 // The Richardson Police Department will soon be distributing automobile crime prevention signs throughout the city with the assistance of the Insurance Council of Texas and State Farm. The signs read “Secure your...
Workers’ Comp Commissioner Says Claims on Decline in Texas
Apr 23 2014 // Declining workplace injuries and fewer claims for workers’ compensation benefits are leading to lower costs for employers, Texas Commissioner of Workers’ Compensation Rod Bordelon told lawmakers in testimony...
Medical Payments per Claim for Injured Workers in Louisiana Rising
Apr 22 2014 // Payments per claim for the medical care of injured workers in Louisiana were higher and growing faster than in most states, according to a 16-state study by the Workers Compensation Research Institute (WCRI). The WCRI...
IronHealth Increases Limits, Broadens Coverage for Healthcare Professional Liability
Apr 21 2014 // Bermuda-based IronHealth, the specialty healthcare unit of Ironshore Inc., has enhanced its Healthcare Professional Liability (HPL) insurance product, increasing limits to $50 million and broadening the scope of...
Local Officials Urged to Educate Public on Storm Risks, Building for Future
Apr 21 2014 // Two of the country’s top disaster experts challenged emergency managers and forecasters from Texas to Maine to help educate coastal residents and developers about hurricane hazards. Speaking at the National Hurricane...
The Rising Score of Youth Sports Head Injury Claims
Apr 21 2014 // Last year, the NFL agreed to settle a concussion lawsuit filed by former players for $914 million. As concussion-related lawsuits continue to be filed against professional sports teams, equivalent claims and litigation...
Cyber Coverage Demand Increased Significantly in 2013, Trend to Continue in 2014: Marsh
Apr 21 2014 // Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research...
Congress Should Help, Not Hinder, Private Terror Insurance Markets
Apr 17 2014 // Earlier this week, I took part in what I found to be a lively and enlightening panel discussion on the Terrorism Risk Insurance Act, the now-12-year-old federal program that provides a $100 billion reinsurance backstop for...
Willis Exec Warns Mutual Insurers Face Increasing ‘Pricing Pressure’
Apr 17 2014 // According to David Thomas, CEO of Market Services & Solutions at Willis, Mutual insurers face increasing pricing pressure so must differentiate themselves to remain competitive. Speaking in a video blog on WillisWire,...
Private Premiums Under Affordable Care Act 15% Below Forecast, Says CBO
Apr 15 2014 // The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected. The premium for a benchmark...
Best Upgrades Ratings for Most ACE Limited Subsidiaries; Outlooks Stable
Apr 15 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North...
Municipal Bond Insurance Sales Expected to Rise With Interest Rates
Apr 13 2014 // Demand for municipal bond insurance is poised to increase as rising interest rates reduce investor appetite for riskier state and local debt, according to Janney Montgomery Scott. Bond insurance accounted for 4.4 percent...
Aon’s New Political Risk Map Highlights ‘BRICS’ Increased Risks
Apr 11 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five emerging market BRICS countries. Aon noted that “as...
NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space
Apr 10 2014 // Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale...
