Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
IISS Sees Increasing Terrorist Threats
Sep 24 2007 // While global warming may ultimately prove to be the biggest crisis the world’s people have ever faced, it’s not as immediate a threat as that posed by global terrorism. After Sept. 11 and the Madrid and London...
S.C. Rejects 23.7% Increase in Workers’ Compensation Rates
Sep 20 2007 // The South Carolina Department of Insurance disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said...
SoCal Wildfires Near Containment, Ahead of Windy Forecast
Sep 20 2007 // Fire crews were bracing for strong winds as they sought to finish surrounding a wildfire that forced hundreds of people to flee this mountaintop community in the San Bernardino National Forest, authorities said. Winds in...
Oregon To Decrease Workers’ Comp Rates 2.3%
Sep 19 2007 // Oregon’s Department of Consumer and Business Services has announced it is decreasing the workers’ compensation pur premium rate in 2008 by 2.3 percent. Meanwhile, the workers’ comp premium assessment,...
Fla. Denies Rate Increases for Hartford Insurance Companies
Sep 14 2007 // Florida Insurance Commissioner Kevin McCarty denied eight rate filings submitted by insurance companies of The Hartford Financial Services Group. The filings submitted were not actuarially justified and lacked supporting...
S&P Forecasts ‘Healthy Growth’ for Latin America Reinsurance
Sep 13 2007 // Standard & Poor’s Rating Services has issued a new report in its current series analyzing global reinsurance. The study – “Reinsurance In Latin America, Especially Brazil, Shows Growth Potential...
Hawaii Proposes 16.8 Percent Workers’ Comp Loss Cost Decrease
Sep 13 2007 // The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and...
Health Premiums Rise 6.1%; Average Family Coverage Costs $12,000
Sep 12 2007 // Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the...
S.D. Seatbelt Use Up from 2006
Sep 12 2007 // More South Dakotans have gotten in the habit of buckling up in the past year. The state Office of Highway Safety said 73 percent of drivers and passengers now use their seatbelt. That’s up from 71 percent last...
Maine Governor Forecasts Increased Competition for Health Plans
Sep 11 2007 // The Baldacci administration is anticipating heightened competition in Maine’s health insurance market as Harvard Pilgrim Health Care becomes the state’s partner in administering Dirigo policies, saying...
U.S. Fire Report: More Fires; Fewer Deaths and Injuries; Rise in Property Loss
Sep 11 2007 // Fire departments in the United States responded to an estimated 1.6 million fires during 2006. These fires caused 3,245 civilian deaths and 16,400 injuries, according to the National Fire Protection Association (NFPA). The...
Wash. Proposes Workers’ Comp Rate Increase
Sep 10 2007 // Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I...
Best Affirms Munich Re ‘A+’ Ratings; Outlook Raised to Stable
Sep 10 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated...
Guy Carp Issues Annual Cat Report; Rates Down by 6%
Sep 6 2007 // Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes...
La. Insurance Market Outlook Brighter Some Predict
Sep 5 2007 // Two years after hurricanes Katrina and Rita, the insurance market in Louisiana may have hit bottom and could be ready for a rebound as levees are strengthened and the state undertakes regulatory changes, the state’s...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
Nation’s workers’ comp benefits, costs down
Sep 3 2007 // U.S. workers’ compensation payments for medical care and cash benefits for workers disabled by workplace injuries or diseases declined in 2005, according to a study by the National Academy of Social Insurance (NASI)....
WEST VIRGINIA FIRE DEATHS UP IN 2007
Sep 3 2007 // More people died in fires in West Virginia last fiscal year than ever before and this year is already off to a bad start. A record 79 people died in fires between July 1, 2006, and June 30, assistant State Fire Marshal...
N.Y. Names Task Force to Study Rising Medical Malpractice Costs
Aug 31 2007 // New York Insurance Superintendent Eric R. Dinallo and Health Commissioner Richard F. Daines, M.D. announced today the members of the Medical Malpractice Liability Task Force, charged by Governor Eliot Spitzer with...
Trial Bar Report: Insurers Still Denying Claims 2 Years After Katrina
Aug 30 2007 // Two years after Hurricane Katrina decimated the homes of thousands of Gulf Coast residents insurance companies are still systematically denying policyholders fair and just claims payments following this and other natural...
