Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
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...
