Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
UK Insurer Beazley Upgrades 2024 Forecast After H1 Profit Nearly Doubles
Aug 8 2024 // British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by growth in its property risks premiums and fewer catastrophe losses, sending its...
Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets
Aug 8 2024 // Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 targets, but concerns about natural catastrophe losses sent its shares lower. Insurers have benefited from...
Survey: 78% of Ransomware Victims Paid and 74% Suffered Multiple Strikes
Aug 8 2024 // A survey of nearly 1,000 IT and security professionals shows numerous organizations were targeted by ransomware attacks in the past year with a high degree of success, with most paying a ransom—many of which paid...
Defining Your Risk When Considering a Wrap-Up: Part 2
Aug 8 2024 // This post is part of a series sponsored by TSIB. We continue where we left off in Part 1, looking to answer, is a Wrap-Up right for every project? Now that we have previously identified the 2 main categories of a Wrap-Up,...
Defining Your Risk When Considering a Wrap-Up – Part 1
Aug 6 2024 // This post is part of a series sponsored by TSIB. A Wrap-Up is an incredible tool that manages the risk presented by a construction project. This tool also returns a significant part of the project cost back to your bottom...
Tulsa Commission to Study Reparations for 1921 Race Massacre Victims and Descendants
Aug 5 2024 // OKLAHOMA CITY (AP) — Tulsa officials announced the creation of a new commission to recommend how reparations can be made for a 1921 massacre that destroyed a thriving Black community in the city. The panel will review a...
3 Emerging Risks: Severe Convective Storms, Battery Energy Storage and Drones
Aug 5 2024 // There’s something very human about attempting to master nature itself. We live in an uncertain time, however — one in which unpredictable weather patterns make it increasingly difficult to protect our property...
With American Mobile Out, Florida’s Mobile Home Insurance Market Seems to Have ‘Fallen Apart’
Aug 5 2024 // Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability. But those calmer waters apparently have not...
California Wildfire Now State’s Fourth Largest on Record, Containment Increased
Aug 2 2024 // Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte,...
‘Impossible’ Weather Increasingly Blamed on Climate Change
Aug 2 2024 // Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that. A slew of recent articles this week focus on studies and research reporting on how...
PFAS Liability for Water District Remediation Costs Estimated Up to $175B
Aug 1 2024 // Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting...
Report: 1Q 2024 California Workers’ Comp Written Premium 3% Lower Than Year Ago
Jul 31 2024 // Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of...
600-Square-Mile-Plus Wildfire in California Now State’s Fifth Largest on Record
Jul 31 2024 // The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277 structures and damaging 29, according to CalFire. The fire covers four counties—Butte, Plumas,...
Outlooks Revised to Positive for Louisiana Workers’ Comp Insurer Stonetrust
Jul 31 2024 // AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance...
Coastal Texas Braces for Insurance Rate Increase at Upcoming TWIA Meeting
Jul 31 2024 // The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will consider raising rates as climate change increases the chances of more severe storms and...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
Jul 30 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...
Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide
Jul 25 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...
Lawsuits Detail Decades of Sexual Abuse at Chicago Youth Detention Center
Jul 25 2024 // CHICAGO (AP) — Temarkus Washington says the sexual abuse he experienced as a teenager at a troubled Chicago youth detention center still gives him nightmares. The 35-year-old spoke publicly about his experiences Tuesday,...
Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut
Jul 19 2024 // Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are...
