Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum
Apr 24 2013 // W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared to $135.32 million income reported during the first quarter of 2012. Net premiums...
Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes
Apr 24 2013 // The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the...
Most Carriers Offer Agents Training Opportunities for Online Sales: Survey
Apr 23 2013 // A two-thirds majority of independent insurance agents say their carriers are providing them with training and consulting on how to use their agency websites to increase sales. This is one of the findings in a new survey of...
Directors, Officers Face Increased Scrutiny: Willis/Allen & Overy Survey
Apr 23 2013 // “The threat of regulatory investigations and enquiries, criminal penalties, along with anti-corruption legislation, are among the top concerns for directors and officers,” according to a new survey conducted by...
Aon Global Risk Management Survey Highlights ‘Top 10’ Risks for 2013 & 2016
Apr 23 2013 // “Risk leaders are struggling to identify and manage the major risks facing their organizations,” according to the biannual Aon Global Risk Management Survey released by Aon Risk Solutions, the global risk...
Oklahoma Flood Insurance Rate Increases in October
Apr 22 2013 // The Oklahoma Department of Insurance says flood insurance administered by the National Flood Insurance Program is set to increase rates for new and renewal policies effective Oct. 1. Flood insurance is offered to...
Rates Should Rise Moderately for Most Commercial Lines
Apr 22 2013 // Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight...
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Apr 22 2013 // Commercial insurance rates were up about 5 percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest...
S&P: Bermuda Outlook Revision ‘No Impact’ on Bermuda Reinsurer Ratings
Apr 19 2013 // Standard & Poor’s Ratings Services in a report titled “The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers“, said that “despite the recent outlook revision on the...
Survey: Michigan Voters Support No-Fault Reform
Apr 18 2013 // According to a recent statewide poll commissioned by the Coalition for Auto Insurance Reform (CAIR), an overwhelming number of Michigan voters believe their auto insurance premiums are too high and support no-fault reform...
Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC
Apr 16 2013 // Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its annual securities litigation...
N.J. Transit: Post-Sandy Costs $450M and Still Rising; Federal Funds, Insurance to Cover Losses
Apr 12 2013 // The costs continue to mount for New Jersey Transit in the wake of Superstorm Sandy. At its monthly board meeting Wednesday, the agency approved paying another $28 million to a Canadian company to repair locomotives damaged...
Insurer: Arson Ring Operated for 2 Decades in Flint, Michigan
Apr 12 2013 // An insurance company says more than a dozen people operated an arson-for-profit ring in Flint, Mich., that collected more than $2 million over two decades. The Flint Journal reports State Farm Insurance says in a lawsuit...
Class Action Suits Against Accountants Declined in 2012
Apr 12 2013 // Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research. As...
PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market
Apr 12 2013 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU...
WTO Cuts 2013 Trade Forecast; Sees Protectionist Threat
Apr 11 2013 // The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase. It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5...
2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida
Apr 10 2013 // The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine...
Best Affirms Ratings of Endurance Specialty and Subs; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR...
Best Affirms Aegon’s U.S. and Canadian Subs Ratings; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
