Trending Trends Headlines
The most viewed headlines from our Trends Topic Page over the last 30 days.
#1 Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report
May 10 2024 // Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies. The...
#2 Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance
May 3 2024 // Increased premiums combined with lackluster customer satisfaction scores are driving record numbers of auto insurance customers into the market for a new policy, according to the J.D. Power 2024 U.S. Insurance Shopping...
#3 The Future Is Near for Self-Driving Trucks on US Roads
May 1 2024 // On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a trash can blocking one lane and a tire in...
#4 Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Apr 30 2024 // Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol...
#5 Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
Apr 19 2024 // With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net...
#6 Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
Apr 18 2024 // Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found...
#7 Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
Apr 24 2024 // When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has...
#8 Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
Apr 16 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...
#9 US to Require New Cars to Have Emergency Braking Systems by 2029
Apr 30 2024 // Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday,...
#10 OPTIS: Insurance Agency M&A Down 18% in Q1 2024
Apr 23 2024 // The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A...
#11 Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows
May 6 2024 // Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim...
#12 Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh
Apr 24 2024 // Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Marsh, the insurance brokerage...
#13 Climate Change to Cause $38 Trillion a Year in Damages by 2049
Apr 18 2024 // Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers...
#14 Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey
Apr 15 2024 // In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or...
#15 Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help
Apr 23 2024 // A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of...
#16 Study: California’s 2023 Snowy Rescue from Megadrought a Freak Event
May 1 2024 // Last year’s snow deluge in California, which quickly erased a two decade long megadrought, was essentially a once-in-a-lifetime rescue from above, a new study found. Don’t get used to it because with climate...
#17 Missouri Supreme Court Strikes Down 2022 Vote on KC Police Funding
May 2 2024 // The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and...
#18 Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud
Apr 16 2024 // Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on...
#19 Lawsuit Alleges Decades of Child Sexual Abuse at Illinois Juvenile Detention Centers
May 8 2024 // CHICAGO (AP) — Child sexual abuse at Illinois juvenile detention centers was pervasive and systemic for decades, according to disturbing accounts in a lawsuit filed Monday by 95 men and women housed at the youth centers...
#20 Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
Apr 26 2024 // Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts”...
