Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims
Apr 12 2018 // Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and...
As Opioid Prescriptions Decline, Abuse Treatment Costs Rise for Health Plans
Apr 9 2018 // A new report on the opioid crisis and employer-based health coverage, finds that while the use of prescription opioids among people with employer-based health coverage has declined to its lowest levels in over a decade,...
What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night
Apr 6 2018 // Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years...
This Just In: Early Forecasts for 2018 Hurricane Season
Apr 6 2018 // An early forecast for the 2018 hurricane season calls for a slightly above-average season with 14 named storms, seven hurricanes, and three major hurricanes. Dr. Philip Klotzbach of Colorado State University (CSU), a...
$332B in Premiums Makes California World’s 4th Largest Insurance Market
Apr 5 2018 // California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS
Apr 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Bermuda Monetary Authority Sees Increase in Re/Insurance Registrations in 2018
Apr 3 2018 // The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations. Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include...
Federal Flood Insurance Average Premium to Rise 8%
Apr 2 2018 // A typical premium charged by the National Flood Insurance Program is slated to rise about eight percent in the coming year, with the estimated average premium going from $866 to $935. When various surcharges are added, the...
Overall Rate of Uninsured Motorists Rising Nationwide: Insurance Research Council
Apr 2 2018 // Nearly one in eight U.S. motorists is driving around uninsured and putting insured drivers at greater risk in the event of an auto accident, according to a study. The study, directed by the Insurance Research Council (IRC)...
Arctic Winter Ice Covers 2nd Smallest Area on Record, Opening Region to Shipping
Mar 28 2018 // Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists...
European Insurtech Investment Growth Surpasses North America in 2017: Accenture
Mar 22 2018 // Global investment in the insurance technology (insurtech) industry surged in 2017, with Europe emerging as a new insurtech hub outside the U.S., according to new research from Accenture. The research, which includes new...
Moody’s Projects Stable Outlook for Global Insurance Brokers
Mar 22 2018 // The 2018 outlook for insurance brokers is stable, reflecting good product demand, low capital requirements, significant variable costs, and healthy EBITDA margins and cash flows, which will continue to attract investors,...
Outlooks Revised to Stable for Louisiana’s Stonetrust Commercial Insurance
Mar 21 2018 // A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of workers’ compensation insurer,...
Survey: Houston, Dallas Worst Cities for Towing Hassles
Mar 19 2018 // Houston and Dallas rank number one and two on the list of U.S. cities with the most hostile towing markets for consumers, and Texas is the state most in need of pro-consumer towing reforms, according to a national towing...
HR Pros Prep for Rise in Sexual Harassment Complaints
Mar 19 2018 // Seven in 10 human resource professionals said they believe sexual harassment complaints at their workplaces will likely be “higher” or “much higher” in 2018 compared to previous years. An HR...
Cyber to Top $6.2B in Written Premium by 2020: Verisk
Mar 19 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020, Verisk predicts in a market analysis titled, Sizing the Standalone Commercial Cyber Insurance Market. Standalone commercial...
Private Flood Insurance Market Is Getting Bigger, More Competitive, Less Profitable
Mar 18 2018 // The U.S. market for privately written flood insurance grew by 51.2 percent last year, with state-level markets growing both more competitive and less profitable, according to 2017 statutory insurance filings compiled by...
Flood Damage Surveys Ongoing in Indiana, Michigan
Mar 15 2018 // Officials say flooding last month in northern Indiana and southwestern Michigan damaged more than 2,000 homes. The South Bend Tribune reports the update comes as communities collect information on flood damage to line up...
London’s Future as Financial Center Uncertain Due to Brexit: UK Regulator
Mar 15 2018 // London’s future as a global financial center is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he...
U.S. Population Trends: Elders to Outnumber Youth; More Ethnic, Racial Diversity
Mar 14 2018 // There will soon, within a few decades, be an important demographic turning point in U.S. history. By 2035, there will be 78.0 million people 65 years and older compared to 76.4 million under the age of 18, according to the...
