Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Wyoming Traffic Fatalities Decrease In 2013
Nov 4 2013 // The Wyoming Highway Patrol says traffic fatalities in the state have decreased this year. According to Sgt. Steve Townsend, 120 people died in traffic accidents in Wyoming last year. There were only 67 traffic deaths...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17...
Emerging Economies Nearing Half of Global Warming Emissions
Nov 1 2013 // Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade, complicating U.N. talks about who is most to blame for global warming, a study showed on...
FBI: California Senator Tied up in Workers’ Comp Fraud
Oct 31 2013 // An FBI investigation shows that state Sen. Ronald Calderon accepted bribes from a hospital executive in Southern California who ran an alleged workers’ compensation scheme, the Al Jazeera America news outlet is...
Connecticut Approves NCCI’s 3.2% WC Loss-Cost Increase Filing
Oct 31 2013 // Connecticut regulators this week approved the National Council on Compensation Insurance’s workers’ compensation filing for an overall +3.2 percent change for voluntary market advisory pure premium loss costs...
Washington City Braces For Increased Flood Risks
Oct 31 2013 // New information shows sediment buildup in the White River is increasing the flood danger faced by the city of Pacific, Wash. The King County Flood Control District, in cooperation with Pacific and the U.S. Army Corps of...
Swiss Re Sees Emerging Market Construction Boosting Premiums
Oct 31 2013 // Swiss Re Ltd., the world’s second-biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in premiums for...
Many Sandy-Displaced N.J. Residents Dissatisfied With Insurers: Survey
Oct 30 2013 // A new survey of New Jersey residents who have been displaced from their homes because of Superstorm Sandy shows many of them are not happy with their insurers. The Monmouth University Polling Institute in West Long Branch,...
Best Revises XL’s Issuer P&C Credit Rating Outlook to Positive; Affirms Ratings
Oct 30 2013 // A.M. Best Co. has revised the outlook for the issuer credit rating (ICR) to positive from stable as well as affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a” of the...
Munich Re Stresses Need for Nat Cat Coverage in Emerging Markets
Oct 30 2013 // According to a scientific study conducted by the University of Würzburg on the basis of loss data from Munich Re’s NatCatSERVICE database, “emerging countries are excessively affected by losses from natural...
Rusbuldt on McKinsey 3: Don’t Ignore Trends Favoring Independent Agents
Oct 30 2013 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this...
Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases
Oct 29 2013 // The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies...
Study Tracks Latest Changes in N.Y. Workers’ Comp System After 2007 Reforms
Oct 28 2013 // The ongoing effects of workers’ compensation reforms enacted in New York in 2007 are monitored by the Workers Compensation Research Institute (WCRI) in a new study that focuses on objectives that are being achieved,...
Illinois Workers’ Compensation Medical Care Costs Declining: WCRI
Oct 28 2013 // The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to a new study by the Workers Compensation Research Institute (WCRI). The report,...
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
Oct 28 2013 // New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural...
Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND
Oct 28 2013 // Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the...
Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’
Oct 28 2013 // A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that “the economics...
Flood Insurance Price Increases Affecting Home Sales
Oct 24 2013 // Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal...
After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts
Oct 24 2013 // As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in...
Survey: Many Sandy-Impacted Small Biz in N.Y. Unprepared for Another Storm
Oct 24 2013 // A year after Superstorm Sandy, a new survey of small business owners and managers in the metropolitan New York City area found that nearly 30 percent of respondents affected by the storm would be forced to make staffing...
