Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Study Calculates Impact of 1906 Bay Area Quake Today
Apr 18 2006 // If an earthquake like the one that devastated San Francisco, Calif., in 1906 struck today, the toll would be staggering: tens of thousands of buildings damaged and hundreds of people dead, according to a new study. The...
U.S. Injury Report: 50 Million Injuries a Year; Lifetime Costs Top $406 Billion
Apr 18 2006 // The lifetime cost of injuries occurring in a single year in the U.S. totals an estimated $406 billion in medical expenses and productivity losses, according to the Centers for Disease Control and Prevention. Nearly $80.2...
W.Va.’s Reversal of Workers’ Comp Policy Could Increase Rates
Apr 17 2006 // The sole workers’ compensation insurer in West Virginia says it will seek a rate increase as a result of Gov. Joe Manchin’s reversal of a state policy that limited benefits to widows and widowers of people who...
States balk at growing trend of federal preemption
Apr 17 2006 // Federal regulatory preemption is an “underhanded means by which unelected federal bureaucrats impose their will on the states,” charges New York Senator Michael Balboni, of the National Conference of State...
States balk at growing trend of federal preemption
Apr 17 2006 // Federal regulatory preemption is an “underhanded means by which unelected federal bureaucrats impose their will on the states,” charges New York Senator Michael Balboni, of the National Conference of State...
The language gives rise to a chicken or egg conundrum: Must the ensuing loss follow the mold, or is mold covered if it e
Apr 17 2006 // The debate over ‘ensuing loss’ continues Mold ‘crisis’ put spotlight on policy language Despite all the recent changes in policy forms, a number of claims still exist under policies using...
Declining rates fuel stand-alone terrorism market
Apr 17 2006 // With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by...
State Lawmakers Balk at Growing Trend of Federal Preemption
Apr 10 2006 // As Senate Banking committee members in Washington begin the debate over creating a new federal regulatory scheme for what is now state-regulated insurance, state lawmakers across the country are voicing their agitation...
Nationwide: Survey Shows Fuel Prices Drive Increased Motorcycling
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices. A written release issued by the Columbus,...
Insurance Clouds Future of Pa. Health System, Study Claims
Apr 9 2006 // Health care plays a significant role in Pennsylvania’s economy; however, the future of patient care is uncertain as problems with insurance and supply of services as well as increased demand for care combine to...
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
S&P Revises Outlook on Global Reinsurers to Stable; Teleconference Scheduled for Today
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
Declining Rates, Increasing Demand Fuel Stand-Alone Terrorism Market
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
Malaysia Embarks on 5-Year Plan to Liberalize Insurance Market
Apr 5 2006 // Malaysia to liberalize banking, insurance under five-year plan Received by Newsfinder from AP Mar 31, 2006 5:40 Eastern Time Malaysia will open its banking and insurance sectors to greater competition, including allowing...
EQECAT Warns on Increased Cat Risks, Models Need Updates
Apr 4 2006 // Rick Clinton, president of Oakland, Calif.-based EQECAT, Inc., a subsidiary of ABS Consulting, issued a stark warning to insurers, reinsurers, corporations, and government entities, urging them to be prepared for more...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
D&O liability premiums fall for second straight year, study says
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
