Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Increase in U.S. Tort Costs Driven by Gulf Oil Spill: Study
Jan 27 2012 // The April 2010 Deepwater Horizon drilling rig explosion and resulting oil spill in the Gulf of Mexico were the key drivers in the 5.1 percent increase in U.S. tort costs in 2010, according to a new report. The 2011...
Travelers CEO: Business Insurance Renewal Price Up 10% in December
Jan 25 2012 // Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company...
Allstate Wants a Rate Increase in Louisiana
Jan 25 2012 // Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an...
Study: Major Earthquake Could Hit Tokyo Within Years
Jan 25 2012 // A new study is warning that the Tokyo region has a 70 percent chance of being hit directly by a powerful magnitude-7 earthquake within four years. The study by University of Tokyo seismologists bases the estimate on an...
WillisWire Bloggers Reveal Their Top Emerging Risks for 2012
Jan 24 2012 // A bulletin from Willis Group Holdings identifies 18 “emerging risks,” as causing increasing concern among the world’s insurance community. Willis compiled the list from its new website of intellectual...
Fine Arts Consortium Increases Capacity for 2012
Jan 24 2012 // Ironshore’s Pembroke Consortium has increased capacity to $116 million for 2012 to meet new demand, an expansion over the $105 million it offered in 2011. The increase in capacity comes as the organization closes its...
Travelers: Q4 Profit Down But Pricing Rebounds Sharply
Jan 24 2012 // Travelers Companies Inc. reported a smaller profit for the fourth quarter, as it released less money from its reserves than a year earlier, though it also reported its biggest rate increases in eight years as the industry...
California Insurance Commissioner Dave Jones: Year One Report Card
Jan 23 2012 // Insurance Commissioner Dave Jones marked his first full year in office last week by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I...
Conning: P/C Premiums to Grow 3-4% in 2012
Jan 23 2012 // Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance consulting firm. The difficult environment will include volatility in the economy, the...
Auto Insurance Limits Would Rise Under Nebraska Bill
Jan 23 2012 // The minimum amount of coverage for certain types of liability insurance would increase for Nebraska motorists, under a bill introduced in the state Legislature. State Sen. Paul Schumacher said the financial responsibility...
Auto Insurance Claim Costs Rising Again
Jan 23 2012 // Auto insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs. A new report from the Insurance Research Council (IRC) documents auto injury claim trends,...
Auto Insurance Claim Costs Rising Again
Jan 23 2012 // Auto insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs, a recently released study found. An Insurance Research Council (IRC) report, “Trends...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
The Importance of Education in Today’s Insurance Market
Jan 23 2012 // Insurance is the lifeblood of our capitalist society; without it commerce cannot function. A vibrant insurance industry requires skilled and trained knowledgeable workers who can understand the broad aspects of risk in a...
Texas-Based CAA Sees Nearly 20% Premium Growth in Q3 2011
Jan 20 2012 // Combined Agents of America LLC (CAA), headquartered in Austin, Texas, reported 19.5 percent growth in written property/casualty premiums in the third quarter of 2011, compared with the same period in 2010. CAA, whose 47...
Columbus Insurance Market Opens Additional Location
Jan 20 2012 // The Columbus Insurance Market has opened a new agency location in Columbus, Ohio. This new location will serve the Columbus metropolitan area along with all adjacent suburbs, the agency said. The Columbus Insurance Market...
Ohio Property Insurance Rates Expected to Rise After Storms
Jan 20 2012 // Ohio’s relatively low rates for property insurance are expected to rise in 2012 due to the damaging storms of recent years. An insurance agent in Middletown in southwest Ohio says Mother Nature has had her way with...
Fitch: Bermuda Insurance Market Resilient as Pricing Firms
Jan 20 2012 // Following near-record global catastrophe losses in 2011, Bermuda-domiciled reinsurers are positioned to benefit from an improved underwriting and somewhat better pricing environment this year, according to analysts at...
2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report
Jan 19 2012 // According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a...
Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey
Jan 18 2012 // Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2012...
