Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Generali Expands Stake in India’s Future Group to 49%
Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent. Generali’s presence in India is currently in the form of...
Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
Jun 22 2018 // A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence...
Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Jun 21 2018 // Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio...
Report: California Self-Insured Workers’ Comp Claims Rose Only Slightly Last Year
Jun 21 2018 // California public self-insured workers’ compensation claims from fiscal year 2016-2017 rose less than 0.4 percent compared to the corresponding data from the prior year despite a 2.9 percent Increase in covered...
Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases
Jun 21 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
Survey: Floridians Still Not Adequately Prepared for Hurricane Season
Jun 20 2018 // Just six months after the punishing 2017 season battered the Sunshine State, most Floridians are still not prepared for the potential assault of another hurricane season, according to a survey by the FAIR Foundation. The...
Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch
Jun 18 2018 // Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed...
Commercial Insurance Prices Increase First Time in 3 Years
Jun 18 2018 // Commercial insurance prices in the U.S. increased modestly in the first quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing...
Global Commercial Insurance Market to Grow $170B in P/C Premium By 2021: Aon Inpoint
Jun 18 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017, and by 2021, they will rise to nearly $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
Jun 18 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
Nevada Motorists Face July 1 Auto Insurance Rate Increase
Jun 18 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up. Officials announced earlier that almost one...
WCIRB: California Workers’ Comp Written Premium to be Down Again This Year
Jun 15 2018 // Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected...
2014 Napa Quake Could be Linked to Groundwater Changes, Study Shows
Jun 15 2018 // Research suggests the magnitude 6.0 earthquake that rocked California wine country in 2014 may have been caused by an expansion of Earth’s crust because of seasonally receding groundwater under the Napa and Sonoma...
Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN
Jun 15 2018 // Global warming is on course to exceed the most stringent goal set in the Paris agreement by around 2040, threatening economic growth, according to a draft report that is the U.N.’s starkest warning yet of the risks...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Employers Waking Up to Costs of Employees Falling Asleep on the Job
Jun 14 2018 // An employer with 1,000 employees can expect to lose more than $1 million each year in missed workdays, lower productivity and increased healthcare due to employee fatigue, according to a new survey. About one-third of all...
UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator
Jun 13 2018 // The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy...
May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report
Jun 8 2018 // Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe...
A.M. Best: Outlooks Negative for National Lloyds, American Summit Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of National Lloyds...
Outlooks Revised to Stable for North Dakota’s Center Mutual Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Center Mutual Insurance Co. in Rugby,...
