Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Willis Sets up Agri-Business Unit for Crop and Forestry Sectors
Sep 24 2010 // Hughes-Gibb, the specialist bloodstock, livestock and aquaculture division of Willis Group Holdings, announced that it is expanding its services to clients in agri-business. Broadening its expertise to include Crop and...
Lloyd’s Program Aims to Increase Claims Talent
Sep 24 2010 // Lloyd’s has announced that it will establish a dedicated program to recruit and train 50 claims professionals over the next five years, which it said is equivalent to “10 per cent of claims personnel currently...
New York Looks to Reform Coastal Homeowners Insurance Market
Sep 23 2010 // New York insurance regulators are proposing a new set of consumer protection measures as part of a package of rules aimed at improving the availability and pricing of homeowners insurance in high-risk areas along the...
Bank Bailout Fraud On the Rise, Probes Continuing, Says TARP Cop
Sep 22 2010 // The top U.S. bailout cop said evidence of fraud among banks that sought taxpayer funds was on the rise, and some of his investigations involve amounts exceeding $550 million. Neil Barofsky, the special inspector general...
Arkansas’ Jobless Rate Increases to 7.5%
Sep 22 2010 // Arkansas’ unemployment rate rose by one-tenth of a percentage point last month to 7.5 percent, the first increase since March. The state Department of Workforce Services says the state’s nonfarm payroll jobs...
Aon Releases 2010 Food System, Agribusiness, Beverage Industry Report
Sep 22 2010 // The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug...
Poor Service Leads to Fraudulent Insurance Claims, Survey Finds
Sep 22 2010 // More than half (55 percent) of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also...
Pennsylvania Ponders Increased Auto Liability Limits
Sep 20 2010 // A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person and...
The Future for Independent Insurance Agencies
Sep 20 2010 // Proactively Manage Your Future and Be Ready for Change I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of...
Fitch Revises U.S. P/C Industry Outlook to Stable
Sep 20 2010 // Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the...
U.S. Group Health Premiums Rose 3% in 2009; Individual Up 15%
Sep 17 2010 // U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report...
Best Affirms White Mountains, Subsidiaries Ratings; Outlook Stable
Sep 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the U.S. operating companies comprising OneBeacon Insurance Group, and...
S&P Revises Selective’s Outlook to Stable; Affirms Ratings
Sep 15 2010 // Standard & Poor’s Ratings Services has revised its outlook on Selective Insurance Group Inc. (SIGI) and its operating subsidiaries (collectively, Selective) to stable from negative. S&P also affirmed its...
Best Lowers Macau Insurance Ratings; Outlook Revised to Stable
Sep 15 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of Macau...
Departure of Insurer from Florida Points Up Fraud Problem
Sep 9 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
North Carolina Rate Bureau Requests Workers’ Comp Increase
Sep 9 2010 // North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation...
Fitch Revises U.S. P/C Industry Outlook to Stable
Sep 8 2010 // Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the...
Florida Plans Hearing on Citizens’ Rate Increases
Sep 7 2010 // Florida’s Office of Insurance Regulation will hold a hearing on proposed rate increases for several lines of insurance from Citizens Property Insurance Corp. at 1 p.m. on Sept. 7, 2010, in Tallahassee. The lines of...
Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase
Sep 6 2010 // As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium...
