Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Crain Shutters Business Insurance Publication to Focus on Markets with ‘Proven Growth Potential’
Aug 9 2016 // Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication’s...
A Decade After Salmonella Outbreak ConAgra Case Nears End
Aug 9 2016 // Nearly a decade after hundreds of Americans got sick after eating Peter Pan peanut butter tainted with salmonella, ConAgra Foods appears close to settling a federal criminal case stemming from the outbreak. After years of...
First Half of 2016 Sees Continued Decline in Jewelry Store Crime
Aug 9 2016 // The total costs associated with burglary and robbery losses at jewelry stores across the country decreased from $33.2 million to $30.8 million, according to the Jewelers’ Security Alliance. It’s release of...
Court Upholds 25% Rate Increase Rejection for North Carolina Homeowners
Aug 8 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August...
Insurance Costs Rise in Idaho County Following Lawsuits
Aug 8 2016 // Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The county’s insurance payments have increased 58 percent over the past five years...
Homeowner Insurance Claim Severity Up 7% Due to Lightning in 2015
Aug 8 2016 // The number of homeowners insurance claims from lightning strikes in the United States fell in 2015. However, the total insurers paid on those claims rose by nearly 7 percent, according to the Insurance Information...
The Future of Insurance Belongs to Intermediaries
Aug 8 2016 // Great efforts have been made recently to disintermediate the insurance process. One prevalent example of this is by routing insureds directly to the carrier, bypassing the independent agency distribution channel. More and...
New York Workers’ Compensation Loss Costs Going Up 9.3%
Aug 8 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs effective Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance market stable...
Third Point Re’s Q2 Net Income Rises to $53.4M in Biggest Profit Since 2013
Aug 5 2016 // Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to...
Survey: Louisianans’ Views on Insurance Depend on Where They Live
Aug 4 2016 // Those who live inland and those who live along Louisiana’s coast differ in their viewpoint of homeowners and renter’s insurance, according to a new survey of registered Louisiana voters. The survey by NORC...
West Virginia Workers’ Comp Rates to Decrease by 14%
Aug 4 2016 // The National Council on Compensation Insurance filed a proposed drop of 14.7 percent in workers’ compensation loss cost rates with the West Virginia Insurance Commissioner. In response, West Virginia Gov. Earl Ray...
Convictions, Complaints Added Up for Pilot in Hot Air Balloon Crash
Aug 3 2016 // The pilot of the hot air balloon that crashed on July 30 in Texas had at least four drunken-driving convictions, two prison stays and more than 40 customer complaints in his past, records show. Alfred “Skip”...
Premium Hikes of Up to 45% Sought by Illinois Health Insurers
Aug 3 2016 // Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public on...
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Brokers Assess Current Construction Insurance Market: Thumbs Up
Jul 29 2016 // Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The competition has carriers...
Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey: Participate Now
Jul 27 2016 // How are firms attracting and keeping new talent? How are organizations using data to provide their clients with insights into their business? Will historical growth rates be sustainable? What functions with an agency are...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
Jul 27 2016 // Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s...
Insurance Costs Rise in Idaho County following Lawsuits
Jul 25 2016 // Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The Times-News reported that the county’s insurance payments have increased 58...
What Keeps D&Os Awake at Night? Coverage Concerns Rise
Jul 25 2016 // There are numerous emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of...
