Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Calif. Sees Downward Trend in Workplace Injuries, Accidents
Nov 1 2007 // The California Department of Industrial Relations (DIR) announced that workplace injuries and accidents declined in California in 2006 in all but four of 19 key industries compared to 2005. Overall workplace injuries and...
Mapfre Cites Hispanic Insurance Market Potential Behind Commerce Acquisition
Nov 1 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group. Mapfre officials calculate that...
Fla. Approves Workers’ Comp Rate Decrease
Oct 31 2007 // Florida insurance regulators approved the National Council on Compensation Insurance’s amended rate filing for workers’ compensation insurance rates. On Oct. 22, Insurance Commissioner Kevin McCarty ordered...
Calif. Wildfire Claims Up To About 14,000
Oct 31 2007 // Roughly 14,000 insurance claims have been filed as a result of last week’s fire and wind storms, according to the Insurance Information Network of California. Working in partnership with the Insurance Information...
Insurance Australia Group Lowers Fiscal Year 2008 Growth Targets
Oct 29 2007 // Insurance Australia Group has revised its guidance for the fiscal year 2008 (IAG’s fiscal year runs from July 1 to June 30). The insurer said it now expects gross written premiums (GWP) to grow between 7 and 9...
Private Insurers Find Way to Grow in Florida Homeowners Market
Oct 29 2007 // The Florida Office of Insurance Regulation signed Consent Orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the state’s insurer of last resort. American...
Workers’ Comp Costs to Rise 1.6 Percent in N.C. Voluntary Market
Oct 29 2007 // A settlement agreement between the North Carolina Department of Insurance and the North Carolina Rate Bureau, the organization that represents the state’s workers’ compensation insurance companies, will raise...
Premium Growth: Top 25 P/C premium gainers for first-half 2007
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
Most Evacuees Returning Home, Industry Surveys Damage
Oct 26 2007 // Many evacuees from the Southern California wildfires are being allowed to return to their homes, even while nine fires remain burning. According to the National Interagency Coordination Center, 416,511 acres have burned...
Fla. Workers’ Comp Rate Decrease not Enough for Commissioner
Oct 24 2007 // Florida Insurance Commissioner Kevin McCarty disapproved the National Council on Compensation Insurance’s latest rate filing for workers’ compensation insurance rates, due to become effective next year. McCarty...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Md. Workplace Fatalities Rises in 2006
Oct 24 2007 // Statistics show the number of fatal work injuries in Maryland rose to 105 last year, an increase of 10 from the year before. The figure also represents the highest annual total since the U.S. Department of Labor’s...
Insure Montana May Cut Benefits to Reduce Premium Increase
Oct 24 2007 // The board that oversees a subsidized health-insurance plan for nearly 800 small businesses in Montana indicated it will try to hold down premium increases by cutting plan benefits. Jim Edwards, a member of the Insure...
Survey: MMG of Maine Named Best Ease of Doing Business Performer
Oct 23 2007 // More than 8,000 independent agents and brokers assessed the performance of over 220 property and casualty carriers in Deep Customer Connections Inc.’s (DCC) 5th annual Ease of Doing Business (EDB) survey. MMG...
Calif. Workers’ Comp Bureau Recommends Increasing Rates 5.2%
Oct 22 2007 // California’s Workers’ Comensation Insurance Rating Bureau has recommended that pure premium rates be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In September, WCIRB...
Insure Montana Premiums Could Go Up 32%
Oct 22 2007 // Small businesses with state-subsidized health insurance through the Insure Montana program face double-digit race increases next year, officials said. Blue Cross Blue Shield of Montana, the company that sells and...
Minn. Public Safety Survey Says Minnesotans Buckle Up
Oct 19 2007 // The Department of Public Safety said Tuesday the number of Minnesotans wearing seat belts has risen dramatically, with 88 percent of vehicle occupants now using them. The department said a survey revealed that seat belt...
Wyoming Occupational Injury Rates Decline
Oct 19 2007 // The rate of nonfatal occupational injury and illnesses in Wyoming is on the decline, according to a Survey of Occupational INjuries and Illnesses conducted by the Wyoming Department of Employment, Research and Planning,...
Survey: Calif.’s Hayward Fault “Ready to Pop”
Oct 19 2007 // “Time is not on our side,” when it comes to suffering damage from an earthquake along Northern Californa’s Hayward Fault, according to a new map by the U.S. Geological Survey. This week, USGS released a...
