Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers
Nov 29 2018 // California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit
Nov 28 2018 // Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
Greenhouse Gases Reach Level Last Seen 3-5 Million Years Ago: WMO Report
Nov 27 2018 // Greenhouse gas levels in the atmosphere reached a record not seen since sea levels were 10 meters to 20 meters (33 feet to 66 feet) higher than they are now, the World Meteorological Organization said in a...
Brexit Deal Could Reduce UK Economy by 4% by 2030: Think Tank
Nov 27 2018 // The British government’s Brexit deal with Brussels is likely to mean Britain’s economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday. The...
A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second...
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
S&P Upgrades Outlook for CNA Group
Nov 19 2018 // CNA Group gained an outlook upgrade from Standard & Poor’s based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. The ratings agency...
What Agents Should Know About Cryptocurrency Insurance Market
Nov 19 2018 // Powered by InsuranceJournal.tv Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in,...
Independent Agents Post Highest Growth Rate in Past 15 Quarters: Reagan Consulting
Nov 19 2018 // Independent insurance agents and brokers can celebrate a four-year growth trend, according to Reagan Consulting. In its third-quarter Organic Growth and Profitability (OGP) study, the agency consultant says that the...
Delaware Workers’ Comp Insurance Rates Decrease for Second Year in a Row
Nov 19 2018 // Workers’ compensation insurance rates will decrease for the second year in a row in Delaware, effective Dec. 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in...
New ISO Management Liability Program Targets Private Companies’ Increasing Risks
Nov 15 2018 // ISO has launched a management liability insurance program designed to address the increasing risks faced by private companies, including sexual harassment. ISO is a Verisk business and a leading provider of forms, rules,...
Florida Approves 13.8% Workers’ Comp Rate Decrease
Nov 13 2018 // A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier. The amended filing to...
Survey Says #MeToo May Be Quashing Company Holiday Parties
Nov 9 2018 // Business is going strong, but fewer U.S. companies are celebrating with holiday parties this year. This may be the result of the #MeToo movement, which has highlighted sexual harassment and assault in the workplace,...
Tennessee Approves 19% Decrease in Workers’ Comp Rates
Nov 8 2018 // Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and...
Florida Workers’ Comp Rates to Decrease by Double-Digits in 2019
Nov 7 2018 // Florida workers’ compensation rates are going down again next year, the third decrease in the two years since significant Florida Supreme Court decisions created concern and uncertainty over future of the...
Insurtech Profile: The Evolution of Slice and Future of Insurance
Nov 6 2018 // Insurtech Slice, which offers its own on-demand rideshare and homeshare products, now also provides cloud services for carriers wanting to offer their own on-demand products. The growing digital insurer and services...
North Carolina Approves 17.2% Rate Decrease for Workers’ Comp
Nov 5 2018 // The North Carolina Rate Bureau’s 17.2 percent rate decrease filing for workers’ compensation insurance has been approved by North Carolina Insurance Commissioner Mike Causey, according to a statement from the...
TWIA’s Request to Hike Liability Limits Denied; Rate Increase Decision Suspended
Nov 5 2018 // Texas’ property insurer of last resort for wind and hail along the Texas coast suffered a couple of setbacks in mid-October when the state’s insurance commissioner denied its request to raise maximum limits of...
Weather, Wildfire Claims an Increasing Share of Home Insurance Losses
Oct 31 2018 // U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted from an extreme weather event during 2017. According to a LexisNexis Home Trends report, loss costs...
