Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Viewpoint: Changing How We Recruit – The Future of Insurance Post COVID-19
Jul 16 2020 // Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a...
Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic
Jul 16 2020 // The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the insurance broker merger and acquisition (M&A) market has remained active even as the...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis
Jul 15 2020 // There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019, according to a report from OPTIS Partners. It was the lowest six-month period total since...
Just One-Quarter of UK Firms Are Prepared for End-of-Year Brexit Transition: Survey
Jul 14 2020 // Only one-quarter of business leaders say their organizations are fully ready for the end of the Brexit transition period, according to a survey by the Institute of Directors. Nearly half of the 978 company directors polled...
P/C Insurance Survey: 55% Back Worker Presumption; 54% See Interrupt Cases Failing
Jul 13 2020 // A slight majority (54%) of property /casualty insurance industry professionals think insurers will succeed in defeating legal and political attempts to force them to pay business interruption claims from the coronavirus...
China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record
Jul 13 2020 // China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted over a month and caused billions of yuan in economic damage. The floods have killed...
Litigation Funding Firm’s Profit Outlook Brightens on Coronavirus Disputes
Jul 9 2020 // Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the pandemic could spark more legal disputes. Forward consensus earnings estimates for Sydney-listed Omni...
Bayer Agrees to Delay Future Claims Portion of Proposed Roundup Settlement
Jul 8 2020 // Bayer said it had agreed to delay a proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused cancer after a U.S. judge questioned the plan. The German company...
Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits
Jul 8 2020 // Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and...
Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model
Jul 8 2020 // The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims. Delegated...
Insurance Fraud Investigators Ramp Up During Reopening, Even as Claims Volumes Drop
Jul 7 2020 // Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the...
Judge ‘Inclined to Deny’ Part of Bayer Roundup Settlement on Future Claims
Jul 7 2020 // Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company’s proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused...
Nored to Lead New Texas Health Insurance Market Monitoring Team
Jul 6 2020 // A new team at the Texas Department of Insurance has been established to identify and quickly resolve issues involving health insurers in the state. Michael Nored, previously special counsel to the commissioner, was tapped...
State Farm to Further Decrease Auto Insurance Rates in Louisiana
Jul 6 2020 // State Farm Insurance Co. has been approved for an overall auto insurance rate decrease of 9.6% in Louisiana, the state insurance department reported. State Farm’s rate reduction most recently approved by Louisiana...
Understanding Risk in a Decade of Natural Catastrophes
Jul 6 2020 // In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather,...
Commercial Auto Insurers Report Worst Losses in Decade: AM Best
Jul 6 2020 // The U.S. commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting...
California Workers’ Comp Direct Written Premium Continued to Fall Last Year, Report Shows
Jul 6 2020 // California workers’ compensation total direct written premium continued to decline in 2019, falling 7.0% to a five-year low of $11.42 billion, as nine out of the state’s 10 largest insurer groups wrote less...
Another One Down: Austin City Limits Music Fest Canceled Amid Virus Surge
Jul 2 2020 // Austin City Limits has joined the ranks of major music festivals to be canceled because of the coronavirus. Festival organizers said in a statement on July 1 that scrapping the three-day October event was “the only...
Insurance Startup Lemonade Increases Target Price Range for IPO
Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time
Jul 1 2020 // Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not only to return to an office anytime soon but also to engage in typical business...
