Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Calif. Temporary Total Disability Rates to Increase
Jun 17 2011 // As predicted by the California Workers’ Compensation Institute, the temporary total disability rate in California for 2012 will increase to $1010.50. The state Division of Workers’ Compensation announced the...
Average Long Term Care Liability Claim Rising: Aon Study
Jun 17 2011 // Long term care liability costs are rising because the average claim size is increasing even as claim frequency declines. There has been a four percent increase in the average claim size, according to research by Aon Risk...
New Zealand Quakes Drive Insurance Market Changes
Jun 16 2011 // A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage...
Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011
Jun 14 2011 // Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property casualty group expects its second quarter 2011 results to include pre-tax catastrophe losses, net of reinsurance, of approximately...
Vietnam Insurance Market Readies for Foreign Insurers, New Regulations
Jun 14 2011 // The Vietnamese insurance industry is expected to experience significant change within the coming years as it continues to open up to foreign insurers, and the country’s regulatory framework evolves. Vietnam’s...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up
Jun 13 2011 // Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and...
Louisiana Insurance Fraud Investigators May Carry Guns in Future
Jun 10 2011 // A day after two unarmed Louisiana insurance fraud investigators were gunned down while looking into a case, the state insurance commissioner said that his department may have their agents carry weapons. Kim Sledge and...
Best Revises Universal North America’s Outlook to Stable; Affirms Ratings
Jun 10 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Texas-based Universal...
Calif. Workers’ Comp Total Temporary Disability Rates to Increase
Jun 8 2011 // New U.S. Department of Labor data shows California’s State Average Weekly Wage (SAWW) rose more than 2.4% from $979.90 to $1003.55 in the 12 months ending March 31, 2011, which the California Workers’...
Will New Legislation Help Florida’s Property Insurance Market?
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has...
Late May Storms to Cost Insurers Up to $7 Billion: AIR
Jun 6 2011 // The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion...
Catastrophes Issue Wake-Up Call on Supply Chain Risks
Jun 6 2011 // The Japanese earthquake and tsunami that occurred in March 2011 served as a wake-up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and...
Corporate Governance Perspective: Current Bearings, Future Directions
Jun 6 2011 // Due to last summer’s enactment of the Dodd-Frank Act, we are now in a watershed period of corporate governance reform. Processes now underway have transformed the relations between corporate boards and corporate...
Catastrophes Issue Wake-Up Call on Supply Chain Risks
Jun 6 2011 // The Japanese earthquake and tsunami that occurred in March 2011, as well as intense spring weather, served as a wakeup call of sorts for businesses vulnerable to supply chain exposures: It’s important to prepare for...
Mobile Food Vendor Market Explodes as Insurance Market Evolves
Jun 6 2011 // In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The traditional taco truck sells more than just tacos these days – a lot more....
Catastrophes Issue Wake-Up Call on Supply Chain Risks
Jun 6 2011 // The Japanese earthquake and tsunami that occurred in March 2011, as well as intense spring weather, served as a wakeup call of sorts for businesses vulnerable to supply chain exposures: It’s important to prepare for...
Risk of Cyber Attacks Escalation Rises as Technology Outpaces Policy
Jun 3 2011 // From the satellite pictures on Google Earth, Jinan looks like any other Chinese city — sprawling construction sites, massive factory blocks, apartment buildings, a university, dozens of railway lines and wide-open...
Best Revises Tower Group and Subs Outlook to Positive; Affirms Ratings
Jun 3 2011 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Tower US Pool and...
ICC Denounces Growing Protectionist Trend in G20 Countries
Jun 2 2011 // The Paris-based International Chamber of Commerce (ICC) has issued a statement urging G20 leaders to “keep markets open to trade, following worrying results from a recently released WTO-OECD-UNCTAD report that G20...
United Fire Anticipates Up to $35M in Q2 Losses from Spring Storms
Jun 1 2011 // Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it expects its second quarter results through May to include pre-tax catastrophe losses, net of reinsurance, of approximately $30 million to 35...
