Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
New Paper Evaluates Current State of Insurance Regulation and Its Future
Aug 27 2009 // The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess...
California Sees Rise in Car Insurance Fraud Tied to Economy
Aug 27 2009 // California Department of Insurance commissioner Steve Poizner today announced in Los Angeles that recently compiled statistics show that financially desperate residents and scam artists may be committing more automobile...
Marsh Finds Excess Capacity, Competition Inhibit Premium Increases
Aug 26 2009 // According to figures released by Marsh “insurance premium rate reductions slowed for property and casualty business across Europe, the Middle East and Africa in the first half of 2009.” Marsh also concluded...
S&P Rates Max Capital’s Operating Companies ‘A-‘; Outlook Stable
Aug 26 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ counterparty credit and financial strength ratings on Max Capital Group Ltd.’s operating insurance and reinsurance companies. S&P...
South Carolina Flood Insurance Premiums, Deductibles Rising
Aug 26 2009 // Flood insurance premiums and deductibles are increasing by about 8 percent for thousands of homeowners across South Carolina. The National Flood Insurance Program is raising monthly premiums and doubling deductibles...
Survey: Transportation Insurance Market Soft, But Leveling Off
Aug 26 2009 // Transportation insurance rate decreases seem to be moderating and are down on average between 1 percent to 10 percent, according to a recent industry survey on availability and rate trends in the transportation insurance...
Enforcement Stepped Up; Trends Show More Women Driving Impaired
Aug 20 2009 // At an event today kicking off a nationwide anti-drunk driving enforcement campaign, U.S. Transportation Secretary Ray LaHood released a new study by the National Highway Traffic Safety Administration (NHTSA) that shows an...
Family Health Insurance Premiums Seen Rising 94% by 2020
Aug 20 2009 // Nationally, family premiums for employer-sponsored health insurance increased 119 percent between 1999 and 2008, and could increase another 94 percent to an average $23,842 per family by 2020 if cost growth continues on...
Fatal Work Injuries Dropped 10% in 2008; Down 20% in Construction
Aug 20 2009 // A total of 5,071 fatal work injuries were recorded in the U.S. in 2008, down about 10 percent from a total of 5,657 fatal work injuries reported for 2007, according to preliminary government figures. Based on these...
Survey Says Employers Preserving Benefits
Aug 19 2009 // The annual Transamerica Retirement Survey reports that while nearly half of the U.S. employers surveyed have undertaken cost-cutting measures such as lay-offs and salary freezes, relatively few have reduced or eliminated...
Premium Growth: Top 25 Premium Gainers Q1 2009 Versus Q1 2008
Aug 17 2009 // Roy H. Williams is an author and marketing consultant. He is known for his Wizard of Ads trilogy. He founded the Wizard Academy Institute. Although he is credited with saying “Consequently, a young business often...
Gainsco Reports Income Increase in Q2 2009 Results
Aug 14 2009 // Dallas-based Gainsco Inc. announced net income for the second quarter 2009 increased to $1.6 million, compared with a second quarter 2008 net income of $1 million. Net income for the six months ended June 30, 2009 was $3.7...
Calif. Workers’ Comp Rating Bureau to Recommend 22.8% Increase in Rates
Aug 13 2009 // The WCIRB will submit a filing to the California Department of Insurance (CDI) recommending an approximate 22.8 percent increase in pure premium rates (or “claims cost benchmark”) effective Jan. 1, 2010. The...
Louisiana Citizens CEO to Ask for 9% Rate Increase
Aug 13 2009 // The chief executive of Louisiana’s state-backed property insurance company is seeking a 9.2 percent average rate increase for 2010, though he said some policyholders will probably see their rates decrease. John...
Virginia to Consider Increase for Some Workers’ Comp Rates
Aug 12 2009 // The Virginia State Corporation Commission will consider a request to raise workers’ compensation premiums at a meeting in October. The National Council on Compensation Insurance Inc. (NCCI), a rate service...
Survey: Agents Report Recession Not as Disruptive as Initially Predicted
Aug 11 2009 // Main Street businesses may still be trying to recuperate from the recession, but independent insurance agencies report that it has not been as disruptive as initially predicted, an exclusive survey reveals. The survey...
Insurance Adjusters Survey Flood Damage at Kentucky Derby Museum
Aug 7 2009 // Much of the Kentucky Derby Museum’s prized collection is scattered on tables after extensive damage from flash flooding that hit Louisville. Insurance investigators toured the museum on Wednesday, a day after...
Has the Declining Economy and Soft Market Affected Your Marketing Plans for 2009/2010?
Aug 6 2009 // Beacon Marketing, Inc. – “Helping to guide your prospecting needs to new destinations” Beacon is coming up on their 2nd year with helping agents across the country write new business and they have been...
Many UK Workers Would Trade Benefits for Higher Salary: Aon Survey
Aug 6 2009 // Nearly half of UK workers (47 percent) would welcome the opportunity to trade off benefits in order to increase their pay, according to a survey by Aon Consulting. Around 1,300 working adults across the UK were probed on...
Financial Institutions’ Insurance Prices Still Going Up, Says Willis
Aug 5 2009 // Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting losses resulting from a deluge of credit crunch-related Professional Indemnity...
