Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
How Much U.S. P/C Insurance Bottom Line Grew in 2019: A.M. Best
Mar 10 2020 // Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a loss of $800 million in...
Surplus Lines Late Filing Report for 2019 to Be Generated on March 19
Mar 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) said its late filing report, which lists all Texas surplus lines policies that were not timely filed in 2019, will be generated on March 19, 2020. Policies are considered...
A&M Study: Texas’ Future Depends on Climate Preparedness
Mar 6 2020 // Texans should expect warmer weather, more wildfires and urban flooding, and increased impact from hurricanes through 2036 thanks to climate change, according to a new study from the Office of the Texas State Climatologist...
Direct Sales of Small Business Insurance Poised to Grow to $12B by 2025: Novarica
Mar 4 2020 // Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, research and advisory firm Novarica projects significant growth in the...
Outlooks Revised to Positive for Iowa’s Midwest Family Insurance Group
Mar 2 2020 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Iowa-based Midwest Family Mutual Insurance...
Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction
Feb 26 2020 // Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be implemented...
Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters
Feb 25 2020 // The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on...
Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran
Feb 25 2020 // Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the...
Report: Kentucky Highway Traffic Fatalities Increased in 2019
Feb 25 2020 // Highway traffic fatalities in Kentucky increased by 10 last year, according to a preliminary count. According to initial data, there were 734 fatalities in 2019, compared to 724 in 2018, the Kentucky Transportation...
Florida Carriers Seek Staggering Rate Increases Amid Market Turmoil
Feb 25 2020 // It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. What may...
Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report
Feb 24 2020 // An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster that killed 270 people a year ago found the company knew about the problem but failed to...
Berkshire Hathaway P/C Insurance Profit Down in 2019
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations...
CoreLogic: 2019 Was 7th Year in Last Decade with 10 or More Disasters of $1B-Plus
Feb 24 2020 // Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S....
Insurers Finding It Increasingly Difficult to Fill Vacant Positions
Feb 20 2020 // Most insurance companies plan to either maintain current staffing or add new employees over the next 12 months, The Jacobson Group and Aon have found. At the same time, their new Semi-Annual U.S. Insurance Labor Outlook...
Vermont Governor Announces Decreases in Workers’ Comp Rates
Feb 14 2020 // Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April. Scott’s administration said the reductions are part of a trend in...
Commissioner Navarro Responds to Report of Premium Increases for Military Members
Feb 14 2020 // Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the...
Report: Death Toll in 2018 California Wildfire Likely Includes 50 More People
Feb 13 2020 // Doctors and other experts say at least 50 more people, many of them elderly or ill, likely died as a result of the 2018 wildfire that devastated the town of Paradise, California, but were not counted in the official death...
Report: 2019 Was 7th Year in Last Decade with 10 or More Disasters of $1B-Plus
Feb 12 2020 // Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S....
Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P
Feb 12 2020 // The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest...
