Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
UK Tones Down Worker ‘Right to Switch Off’ Demands on Firms
Aug 28 2024 // Britain’s Labour government is watering down ambitions to give employees a legal right to ignore work demands outside office hours, favoring softer rules that had limited impact for workers in Ireland. Rather than...
Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report
Aug 26 2024 // Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said...
Ping An Profit Rises Nearly 7% as Market Recovery Bolsters Returns
Aug 23 2024 // Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster investment returns at China’s second-largest insurer by market value. Net income climbed to...
WV Volunteer Fire Official Pleads to Insurance Fraud After Burning Down His Home
Aug 23 2024 // A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Donald A....
AM Best Revises Outlook for Missouri Farm Bureau Group
Aug 22 2024 // AM 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 Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm...
Australian Insurer IAG Says Rise in Claims, Third-Party Costs to Push Up Premiums
Aug 21 2024 // Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said...
Agents Say Outlook Positive: Survey
Aug 19 2024 // Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
Aug 19 2024 // The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the decrease compared to the same...
3 Things to Know About the Nonprofit Insurance Market
Aug 19 2024 // A challenging legal arena, a continuing talent shortage and alternatives to traditional insurance products are three areas impacting nonprofits today, according to industry reports that recently shed light on headwinds...
Client Mix-up Leads to Lawsuits, Bar Complaint Against Mississippi Comp Lawyer
Aug 16 2024 // What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. It all has to do with...
Californians Facing Higher Rent Because of Rising Insurance Rates
Aug 15 2024 // Like single-family homeowners in California, landlords are facing higher insurance premiums, too. And they’re passing along some of those costs to their tenants. Many insurance companies have stopped writing policies...
UK Insurer Aviva Beats Earnings Forecasts on Home, Motor Insurance Price Hikes
Aug 14 2024 // British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general...
Was July 2023 or July 2024 the Hottest Month on Record? Yes.
Aug 14 2024 // July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask. Last week, Copernicus —...
Health Systems Increasingly Targets of Cyberattacks But They Can be Ready
Aug 14 2024 // Just as a Southeastern U.S. blood center tries to recover from another cyberattack on a health system, others who have lived through the pain offered some words of wisdom in a webinar Tuesday that could help providers...
West Virginia Governor Touts 20th-Straight Workers’ Comp Loss Cost Decrease
Aug 13 2024 // The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th...
Skyward Specialty Enters the Mortgage (Re)insurance Market
Aug 13 2024 // Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024....
Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
Aug 13 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during...
The Future is Uninsurable? Hardly
Aug 12 2024 // In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by...
Clashing Risk Predictions Cast Doubt on Black Box Climate Models
Aug 12 2024 // Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have...
UK Insurers Pull Back From Offering Cover as Flood Threats Rise
Aug 8 2024 // Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives...
