Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Ergo Enters US Small Business Insurance Market With Full Buy of Next Insurance
Mar 20 2025 // Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly...
Not Only the Fires Are Wild: California and the P&C Market Outlook
Mar 18 2025 // This post is part of a series sponsored by AgentSync. After years of watching insurance carriers exit the California property and casualty market, the state may see another exodus in the wake of the January 2025 wildfires...
Cyclone Alfred to Cost Australia’s Budget A$1.2B, Hit Growth and Increase Inflation
Mar 17 2025 // Cyclone Alfred will cost Australia’s March 25 budget at least A$1.2 billion [US$759 million], hit growth and put pressure on inflation, Treasurer Jim Chalmers says. In a Tuesday speech previewing the budget, Chalmers...
Tech Sector Sees Softer Insurance Market but Less Comprehensive Policies
Mar 14 2025 // A softer-than-expected market kept insurance premiums for technology companies down or flat in some lines in 2024, according to a new report from business insurance platform Embroker. Embroker’s 2024 Business...
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits
Mar 13 2025 // The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and...
Heritage Insurance Profits Down for Q4 But Up 36% for 2024
Mar 13 2025 // Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per share. The property...
AM Best Revises Outlooks for Members of Grange Insurance Group in Washington
Mar 12 2025 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its...
US Commercial Lines Prices Up 5.6% With Signs of Moderation: WTW CLIPS
Mar 11 2025 // U.S. commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey...
South Dakota Law Raises Questions About Future of Massive Midwest Pipeline
Mar 10 2025 // A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five...
A Look at Rate Trends
Mar 10 2025 // Premium renewal rates were up again in fourth-quarter 2024 but continue to trend lower for most commercial lines products. Premiums increased year over year for all major commercial lines, except workers’...
Small, Medium-Sized Firms Lacking in ‘Continuity’ Planning: Survey
Mar 10 2025 // Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and solutions varies widely. According to Nationwide’s latest risk management survey,...
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires
Mar 10 2025 // AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of...
AM Best Revises Outlook to Negative for Michigan’s Hastings
Mar 10 2025 // AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+”...
Weathering the Storm: Key Insights from the 2025 CoreLogic® Severe Convective Storm Risk Report
Mar 5 2025 // This post is part of a series sponsored by CoreLogic. As property insurance costs continue to rise, homeowners and insurers alike are facing new challenges. While hurricanes and wildfires often dominate discussions around...
AM Best Revises Outlook to Stable for Ohio’s Westfield
Mar 5 2025 // AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
Florida E&S Market Leveling Off After Years of Growth, FSLSO Data Show
Mar 5 2025 // The steady growth in excess and surplus lines’ business in Florida appears to be leveling off, another sign that the insurance market in the state is settling down after years of turbulence. “January’s...
People Moves: Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down; Specialty MGA UK Hires Hussain as Head of Political, Credit Risk
Mar 4 2025 // This edition of International People Moves details appointments at Argenta Syndicate Management and Specialty MGA UK. A summary of these new hires follows here. Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter...
Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
Mar 4 2025 // Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a...
Verisk Webinar Highlights Emerging Psychoactive Substance Risks
Mar 4 2025 // As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics...
State Farm 2024 Underwriting Losses Shrink on Auto Results
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024...
