Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Join the Big Coronavirus Survey for the Entire Property/Casualty Insurance Industry
May 27 2020 // How is the coronavirus pandemic affecting you, your life, your work and your industry? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience...
Pacific Hurricane Forecast Complicated by Coronavirus
May 22 2020 // The Central Pacific basin including Hawaii should expect to see between two and six tropical storms or hurricanes this year, federal forecasters said this week. The annual National Weather Service prediction came as wary...
Roads Are Emptier But Riskier During Coronavirus Quarantine. Fatality Rate Up 14%.
May 21 2020 // As Americans have been driving less and covering fewer miles, the emptier roads have become more lethal. Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles...
Report: Regulators Sat on Complaint as Virus Outbreak Grew at Iowa Plant
May 19 2020 // State safety regulators declined to inspect an Iowa pork plant after receiving a complaint alleging workers were exposed to the coronavirus in crowded conditions — a decision that critics said allowed a burgeoning...
Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey
May 18 2020 // The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in...
Insurtechs Will Not Shape the Industry’s Future Alone
May 18 2020 // Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
COVID-19 Clouding Cannabis Industry Pitfalls Amid Upbeat Outlook
May 18 2020 // The cannabis industry is being affected by COVID-19 much like other business sectors, but the complexities of this budding industry make its eventual recovery from the pandemic and ensuing economic fallout even harder to...
Outlooks Revised to Negative for Indiana’s NAMIC Insurance
May 15 2020 // AM Best reported it revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of NAMIC Insurance Co. Inc. (NAMICO) in...
Texas Surplus Lines Premium in April Rises to $741.68M
May 14 2020 // Texas surplus lines premium during the month of April 2020 reached $741.68 million, according to the Surplus Lines Stamping Office of Texas (SLTX). This is a 14.8% increase over the same period in 2019, SLTX...
Redmer Reflects on Time as Maryland Insurance Commissioner, Talks Future Plans
May 14 2020 // Maryland Insurance Commissioner Al Redmer Jr. will leave his regulatory role and step into his new position as executive director of Maryland Auto Insurance on Monday, bringing with him a legacy as Maryland’s longest...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
New Mexico Forest Official Cites Rising Risk of Human-Caused Wildfires
May 11 2020 // The top administrator of a national forest in northern New Mexico says there’s an elevated risk of human-caused wildfires due to drying conditions and negligence by some forest visitors. Carson National Forest...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator
May 11 2020 // National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States
May 8 2020 // Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly...
Global Temperatures in April Matched Warmest on Record: European Climate Group
May 6 2020 // Temperatures in April were on par with the previous warmest April on record four years ago, with extremely high temperatures in some parts of Europe, Greenland and Antarctica. Above-average global temperatures meant April...
Nursing Home Insurance Market In Need of Care
May 4 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 20%, or 11,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according to a...
Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%
May 1 2020 // Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and...
Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey
Apr 30 2020 // The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in...
Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re
Apr 29 2020 // Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according to Willis Re’s latest Reinsurance Market Report. This was...
