Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday
Jan 11 2009 // Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent...
California Workers’ Compensation Premiums Down in 2008
Jan 11 2009 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2008. WCIRB said: “California written premium (gross of...
Washington Workers’ Comp Insurance Premiums Increasing 3%
Jan 11 2009 // Washington’s Department of Labor and Industries (L&I) said premiums for workers’ compensation insurance will go up, on average, 3 percent in 2009. Individual employers could see their rates go up or down,...
California Workers’ Compensation Insurers File for Rate Increases
Jan 11 2009 // The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate...
New Employment Laws, Power Shift in Washington May Increase the Risk of Workplace Charges
Jan 11 2009 // What Insurance Professionals Need to Know to Protect Their Commercial Clients As the economy continues to falter and a new Administration takes over in Washington, the workplace is being seeded with new legal hazards for...
New Jersey Workers’ Comp Rates Drop, Benefits Rise
Jan 5 2009 // New Jersey’s workers’ compensation insurance premiums will drop by roughly 1 percent in 2009, saving the state’s employers an estimated $33 million. “There are a number of factors that affect...
Association of British Insurers Warns of Increasing ‘Front End Fraud’
Dec 31 2008 // The Association of British Insurers has issued a warning that, “people are increasingly putting their insurance cover at risk by cheating to get a better deal.” The ABI said its members, which include most of...
Fatalities on New Hampshire Roads up in 2008
Dec 31 2008 // Fatal motor vehicle crashes are on the rise for the second year in a row according to the New Hampshire Department of Safety. The numbers released on Monday include all fatalities from Jan. 1 to Dec. 22, 2008. A fatality...
Workers’ Comp Assigned Risk Rate to Rise in Minnesota
Dec 31 2008 // Minnesota’s Commerce Commissioner has issued a rate order approving a 2.6 percent increase in the overall level of the assigned risk rates for workers’ compensation insurance. The increase is effective April 1,...
Catastrophe Losses Up 7% in 2008, Making It One of Costliest Years for Insurers
Dec 30 2008 // The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe losses. That’s according...
Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday
Dec 30 2008 // Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent...
Munich Re 2008 Catastrophe Report Cites Role of Climate Change
Dec 30 2008 // Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes...
Survey: Insurance Ranks No. 2 as Most Important Bill to Pay On-Time
Dec 30 2008 // Insurance bills rank as the second highest priority bill for Americans to pay on time, according to a new survey on the bill payment patterns of U.S. households. The third in a series, the survey of more than 1,000...
Marsh Expects Rise in UK Fraud Insurance Coverage
Dec 23 2008 // Marsh’s London office has issued a bulletin indicating that it “expects a sharp rise in the number of UK companies buying fraud insurance protection next year, as the world economy continues to deteriorate....
U.S. Insurers Increasingly Outsourcing Actuarial Work to Overseas Talent
Dec 23 2008 // U.S. insurers and actuarial firms increasingly are outsourcing, offshoring, and importing actuarial talent from abroad, industry experts report. They are also learning that good management practices and an understanding of...
Mergers Slow as New Agencies Pop Up
Dec 21 2008 // Report: Number of Agencies Unchanged Since 2006 A new study by an industry trade group has found that the decade-long contraction in the number of insurance agencies has ceased during the past two years — a move...
Example of a Lost Bid Survey
Dec 21 2008 // Modify our sample questions and add your own to match up with how you sell. Here’s an example: Thank you again for the opportunity to prepare a proposal of insurance for your firm. We regret that we were unable to...
Lost Bid Surveys Reveal Reasons Behind No-Sales
Dec 21 2008 // Learn From Your Past Sales Mistakes There is always some type of reasoning behind why a hesitant commercial prospect won’t buy their policies from you. Maybe it’s one of those dating things, where the declining...
Ho-Ho-Ho Holiday Parties? Survey Says Homeowners Unaware of Risks
Dec 19 2008 // As millions of Americans host and attend holiday parties across the street or across the country, many are unaware of the risks they may be taking or of their own responsibilities to ensure their guests don’t hit the...
Willis Survey Finds ‘Financial Lines Insurance’ Increasingly Important
Dec 19 2008 // A report from Willis Group Holding notes that a “majority of attendees at a recent Financial Institutions seminar hosted by Willis, believe that financial lines insurance will play a more prominent role in their...
