Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market
Feb 21 2014 // Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according...
Maine Approves 7.7% Decrease in Workers’ Comp Loss Costs
Feb 21 2014 // Maine Gov. Paul R. LePage and Insurance Superintendent Eric Cioppa announced Thursday that the Bureau of Insurance has approved the National Council on Compensation Insurance Inc.’s (NCCI) 2014 loss cost for Maine,...
Best Affirms AIG Europe’s Ratings; Outlook Stable
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based AIG Europe Limited (AEL), a wholly owned subsidiary of American International...
Best Affirms AIG and P&C Subs Ratings; Outlook Stable
Feb 21 2014 //
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
Ironshore Enters Yacht Insurance Sector
Feb 20 2014 // Ironshore Inc. is now covering high-end pleasure craft, yachts and mega yachts on a global basis. James G. Bishop, Jr., with more than 25 years experience in the maritime sector, has been named to lead the unit that will...
‘Bonus’ Year of 2013 Has Insurers Figuring How to Incent for Future Growth
Feb 19 2014 // With property/casualty insurance and life and annuity companies having a great year in 2013, bonus funds were up above targeted amounts for 80 percent of them, Towers Watson reported. In an item posted on Towers...
Over Decade, Crash Deaths Among Children Have Dropped 43%
Feb 14 2014 // Children are dying less often in traffic accidents: Over a decade, the number who died in crashes dropped by 43 percent, according to a new government report. Health officials say the increased use of car seats and booster...
ID Theft Complaints Up in Illinois, AG Says
Feb 13 2014 // The Illinois Attorney General’s office says the number of identity theft complaints received by her office climbed 18 percent last year. Lisa Madigan says her office received about 3,000 complaints in 2013, up from...
Australia Sees Increased Risks from El Nino Weather Pattern
Feb 11 2014 // Australian climate models indicate an increased chance of an El Nino weather pattern emerging later this year, the country’s weather bureau said on Tuesday, raising the risk of drought and floods in some parts of the...
Scottsdale’s Miller: E&S Market Stable with Moderate Growth in 2013
Feb 10 2014 // The excess and surplus lines insurance industry was in a good place last year, characterized by a stable market and moderate growth, according to one executive who is bullish on the sector. “I think the E&S...
P/C Insurers’ Net Income Up 60%, Combined Ratio at 97.6 for 2013: A.M. Best
Feb 10 2014 // A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieved an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its way to a nearly 60...
Catlin Group Increases Net Income to $392 Million in 2013
Feb 10 2014 // The Bermuda-based, London headquartered, Catlin Group announced very good financial results for the year ended December 31, 2013, with a 27 percent increase in profit before tax to $432 million, compared to $339 million in...
Small Increase in Nevada Workers’ Comp Loss Costs in 2014
Feb 10 2014 // Many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year. The average premium increase in the voluntary market will be about 3.2 percent. Nevada employers...
Private, Nonprofit D&O: Gallagher’s Norton on Claims, Coverage Expansion and Outlook
Feb 10 2014 // Much has changed in the insurance industry throughout the past 20 years. What hasn’t changed so much is the type of claim to strike the private company and nonprofit directors and officers (D&O) sector. What has...
Securities Class Actions Up 9% in 2013, But Below Average
Feb 10 2014 // Plaintiffs filed 166 new federal securities class actions in 2013, a 9 percent increase over 2012. However, the 2013 total is 13 percent below the average from 1997 to 2012, despite a second-half surge. The slump in...
N.Y. Regulator Talks About Insurance Markets, 2014 Agenda
Feb 10 2014 // A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed...
N.H. Gov.: Businesses Need Relief From Rising Workers’ Comp Costs
Feb 8 2014 // New Hampshire’s businesses need relief from rising workers’ compensation costs and more access to capital investment partners. That’s the message from New Hampshire Gov. Maggie Hassan who urged lawmakers...
Commercial Insurance Markets Looking Favorable for Buyers in 2014: Marsh
Feb 7 2014 // The ample capacity and competition that helped temper firming of U.S. commercial insurance rates in 2013 is expected to continue into 2014, unless catastrophe losses turn out higher than expected, according to a report by...
Hannover Re Confirms 2014 Profit Forecast despite Decreased Revenues
Feb 7 2014 // Hannover Re, the world’s third- biggest reinsurer, confirmed its profit target for this year even as the prices it charges customers for coverage fell. “Although the rate level in non-life reinsurance was...
