Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Texas Auto Insurer of Last Resort Files for Rate Increases
Sep 19 2019 // The Texas Department of Insurance has extended the period in which recent rate increase request by the Texas Automobile Insurance Plan Association (TAIPA) may be approved. TAIPA, the state’s auto insurer of last...
Americans Failing to Act on Cyber Risk Concerns, Chubb Survey Finds
Sep 18 2019 // When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report,...
Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey
Sep 18 2019 // A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new...
Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...
California Workers’ Comp 2020 Temporary Total Disability Rates to Rise
Sep 17 2019 // The California Division of Workers’ Compensation has announced that the 2020 minimum and maximum temporary total disability rates will increase on Jan. 1, 2020. The minimum TTD rate will increase from $187.71 to...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
North Carolina Police Report Rise in Gun Thefts from Cars
Sep 11 2019 // A North Carolina police department says it’s concerned about a sharp increase in the number of firearms stolen from vehicles. The Charlotte-Mecklenburg Police Department told a news conference last week that...
NCCI Proposes 5.4% Decrease in Florida Workers’ Comp Rates
Sep 11 2019 // Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to...
Report Sees ‘Explosive’ Growth for North American Cannabis Market
Sep 5 2019 // The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an...
Report: California Workers’ Comp Medical Payment Trends Fell in 2018
Sep 4 2019 // Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance...
Midwest Economic Survey Suggests Little or No Growth on Horizon
Sep 4 2019 // An August survey of business supply managers suggested slow or no economic growth over the next several months in nine Midwest and Plains states, in part because of trade skirmishes, according to a newly released...
5G Mobile Networks Jeopardize Future Storm Forecasts, Claim Weather Agencies
Sep 4 2019 // Weather agencies are warning that signals from new 5G mobile networks will make it harder to predict and track deadly storms, as the fiercest hurricane in more than 80 years tore across the Bahamas to threaten the U.S....
Report Examines First-Year Impact of California’s New Drug Formulary
Sep 3 2019 // A new report shows that an evidence-based drug formulary put into effect by the California Division of Workers’ Compensation over a year ago may be working. The formulary went into effect Jan. 1, 2018. It was...
Study of European Flood Trends Finds North-South Climate Variances
Aug 29 2019 // European river flooding has grown more intense in northwestern Europe and decreased in the south over the last half century, according to a study by nearly four dozen researchers. The work, which is the first documentation...
New Hampshire Workers’ Comp Rates Decrease for Eighth Year in a Row
Aug 29 2019 // New Hampshire employers will pay less for their workers’ compensation insurance next year because of an approved filing that lowers the loss costs insurers use to develop prices. The New Hampshire Insurance...
U.K. Prime Minister Rolls the Dice on City of London’s Future: Opinion
Aug 29 2019 // Not long after Britain voted to leave the European Union, the City of London’s chiefs grudgingly began hammering out plans for the worst: that Britain might eventually abandon the EU’s single market. Now the...
Biometrics and Financial Firms, Ransomware Variant Among Latest Cyber Trends: Chubb
Aug 28 2019 // State biometrics laws, a new ransomware threat and the targeting of financial institutions are among the recent trends in cyber risks, according to insurer Chubb in a new report. The insurer cites a recent surge in...
North Carolina Insurers Request 19.2% Rate Increase for Dwelling Policies
Aug 28 2019 // The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory. The N.C. Rate...
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
Aug 23 2019 // Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,...
Companies Continue March Towards Robots; Orders Up 7.2% in First Half of Year
Aug 20 2019 // In the first half of 2019, the North American robotics market is up 7.2%. From January to June, North American companies ordered 16,488 robots, valued at $869 million. For all of 2018, orders totaled 28,478, which was 16...
