Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Kentucky Workers’ Comp Loss Costs to Decrease Overall for 9th Straight Year
Aug 27 2014 // In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will show an overall decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark...
Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion
Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...
NCCI Proposes Average Workers’ Comp Rate Decrease of 2.5% in Florida
Aug 26 2014 // Florida’s Office of Insurance Regulation announced it received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average...
Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick
Aug 26 2014 // Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released today by the National Academy of Social Insurance...
Commentary: Hopeful Outlook for Workers’ Comp
Aug 25 2014 // As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely...
Surveys Aim to Find Out Extent of Feral Hog Damage in Louisiana
Aug 25 2014 // Feral hogs are rooting up levees and snarfing down crops all around Louisiana, but nobody’s sure just how much damage they’re doing. The LSU AgCenter is working to get a handle on that with a pair of...
Napa Quake May Cost Up to $4 Billion as Wineries Shuttered
Aug 25 2014 // The earthquake that struck northern California yesterday will lead to economic losses of as much as $4 billion, fueled by damaged wineries and shuttered businesses that rely on tourists. Insurers will probably cover about...
Agent Survey: Not All Carrier Training Is Created Equal
Aug 25 2014 // Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the...
Report: Injury Claims Against NYC Correction Dept. Doubled in 5 Years
Aug 21 2014 // A new analysis published by the New York City comptroller’s office shows there were 2,245 personal injury correctional facility claims filed against the city’s Department of Correction in fiscal year 2014 which...
Meadowbrook Insurance Eyes Modest Growth in 2015
Aug 21 2014 // After two years of siphoning off unprofitable business, tightening underwriting and raising rates, Meadowbrook Insurance Group is looking forward to growing again, according to the company’s upper management. Even...
Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best
Aug 20 2014 // A.M. Best announced that it has “revised its ratings outlook on the global reinsurance sector to negative from stable, citing the significant ongoing market challenges that will hinder the potential for positive...
Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income
Aug 20 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit grew 19 percent as premium income climbed and banking revenue increased. Net income rose to 21.4 billion yuan ($3.5 billion), or a...
Earthquake Gap: Insurance Sales Falling As Risk Rises
Aug 19 2014 // While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information Institute. That’s a...
NCCI Proposes Workers’ Comp Loss Costs Decrease in N.H.
Aug 18 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said that based upon its review of the most recently...
Hopeful Outlook for Workers’ Comp
Aug 18 2014 // As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely...
Young Agents Rate Flexibility, Career Growth Over Technology: Vertafore Survey
Aug 14 2014 // Technology is not an incentive when it comes to attracting and retaining millennials to the insurance industry but it can provide overall job satisfaction in terms of flexibility and career growth opportunities, according...
Everyone Likes a Hard Insurance Market, Right?
Aug 13 2014 // What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good...
EC Consults on Functioning, Future of Insurance Anti-Trust Block Exemption
Aug 13 2014 // The European Commission (EC) has issued a questionnaire to seek the views of stakeholders on the functioning and the future of the Insurance Block Exemption Regulation (IBER), which exempts certain agreements between...
Wheat Harvest Down, Kansas Farmers See Income Decline in 2014
Aug 12 2014 // One of the worst wheat harvests in decades followed by an abundant corn and soybean crop that’s driving down prices have Kansas farmers preparing for a sharp income decline after several good years. The agricultural...
South Carolina Reports Rise in Insurance Fraud
Aug 12 2014 // Insurance fraud complaints in South Carolina have reached an all-time high with more than 1,200 pouring in last year, according to a report by Attorney General Alan Wilson. The annual report from his office’s...
