Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best
Dec 2 2024 // AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment...
Washington Workers’ Comp Premium Going up in 2025
Dec 2 2024 // The average cost of workers’ compensation insurance in Washington will go up about 3.8% in 2025, the Washington State Department of Labor & Industries announced. Employers and workers together will pay on average...
Selectsys Max: The Future of Web-Based Insurance Management for MGAs and Wholesalers
Dec 2 2024 // This post is part of a series sponsored by Selectsys. Introducing Selectsys Max In the fast-paced world of insurance, MGAs and wholesalers need a management solution that is secure, highly customizable, and designed to...
US Product Recalls on Pace to Hit 6-Year High: Report
Dec 2 2024 // If the pace of product recalls continues in the fourth quarter, the number will reach a six-year high by the end of the year, a new report from Sedgwick shows. Year-to-date there have been 2,454 product recalls across five...
Industry Trends to Exploit for 2025 – Part One
Dec 2 2024 // Agency owners must observe and learn about significant new trends in the insurance industry. The following are three critical industry trends insurance agencies should track for 2025. Look for Part Two in January’s...
Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey
Nov 27 2024 // Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research published by Howden, the London-based insurance intermediary group. Half of those...
CrowdStrike Falls After Disappointing Earnings Outlook
Nov 27 2024 // CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers...
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’
Nov 25 2024 // Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. Underwriting...
CIAB: All Commercial Lines See Lower Q3 Premium Increases Except Umbrella
Nov 22 2024 // Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter. According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey,...
Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025
Nov 21 2024 // The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The...
Allianz Offers 5 Loss Trends to Watch on the Liability Front
Nov 21 2024 // As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. Areas critical...
Florida OIR Approves 1% Average Workers’ Compensation Rate Decrease
Nov 19 2024 // Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from current overall rates in the voluntary market. The Florida Office of Insurance Regulation...
Agency Growth in 2025: Stay Focused on Prospecting, Cross-Selling & Employee Benefits
Nov 18 2024 // Predictions of a softer insurance pricing market are on the horizon. Perhaps not in early 2025, but there’s no question the market is stabilizing from the high prices the sector has seen in recent years. Relying on...
10 Sales & Marketing Tips to Help Agencies Grow
Nov 18 2024 // Get Out of the Office. Attend events where you can mingle and meet people. Be a Guest. Reach out to local organizations that may be looking for guest speakers for luncheons and meetings. Demonstrate your expertise in front...
The Data Behind Rising Homeowners Premiums: By Peril and By State
Nov 18 2024 // The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home...
2025 Underwriting Trends for Worship Facilities
Nov 18 2024 // As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some...
Global CO2 Emissions to Hit Record High in 2024, Report Says
Nov 13 2024 // Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate extremes, scientists said on...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector
Nov 7 2024 // Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural...
2024 Will Be World’s Hottest Year on Record, EU Scientists Say
Nov 7 2024 // This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. The data was released...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise
Nov 7 2024 // Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the United States, would be less than $360 million, as insurers face increasing losses from natural...
