Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024
Jan 9 2024 // After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance...
Viewpoint: Scoring Cyber Insurance Predictions of 2023
Jan 4 2024 // Twelve months ago in a rush of blood to the head, I wrote this article with a selection of cyber insurance themes I thought were pertinent for 2023. In the spirit of transparency, I thought I should mark my own homework,...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook
Jan 2 2024 // AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating to “bbb+” (Good) from “a-” (Excellent),...
Dyad Brand Launches to the P/C Insurance Market
Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...
Fatal Occupational Injuries in Texas Increased by 8% in 2022
Dec 28 2023 // Fatal occupational injuries in Texas rose by 8% in 2022. A report from the Texas Department of Insurance, Division of Workers’ Compensation (DWC) shows there were 578 workplace fatalities in private and...
Self-Driving Cars Could Be on UK Roads by 2026: Transport Minister
Dec 28 2023 // Self-driving cars could be on some British roads by 2026, the country’s transport minister Mark Harper said on Wednesday. Cars with full self-driving technology are not currently permitted on Britain’s roads...
US Workplace Stress at All Time High, Survey Says
Dec 28 2023 // Stress at work has reached epidemic proportions and shows little decline in 2023, according to the American Psychological Association’s “Work in America Survey: Workplaces as Engines of Psychological Health...
The Rise of Self-Insurance: Navigating Risk in a Changing Insurance Landscape
Dec 22 2023 // In an era of heightened climate risks and evolving insurance dynamics, the traditional insurance model faces a conundrum. Insurers find themselves grappling with the aftermath of more frequent and severe storms, and...
A&E Loss Payouts on the Rise; Reserves Will Run Off in 8 Years
Dec 20 2023 // A new AM Best segment report details asbestos and environmental (A&E) losses and reserve decline through the end of 2022. AM Best maintains its estimate for net asbestos losses at $100 billion and environmental losses...
Death Toll Climbs in China’s Worst Earthquake in Nearly a Decade
Dec 20 2023 // The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top official to oversee recovery efforts. Some 113 people were killed in mostly rural areas of Gansu province and...
Alera Group: Personal Insurance Outlook ‘Discouraging’
Dec 18 2023 // Unprecedented industry losses and unprofitability in homeowners and auto insurance will significantly impact pricing and availability in 2024, especially in catastrophe-prone areas and states with challenging regulations,...
From Litigation to Capital, Florida Insurance Market Improving, Panelists Say
Dec 18 2023 // The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at...
Cannabis Insurance Specialists See Optimism in 2024 Data, Planning for Growth and More Capacity
Dec 15 2023 // From a broad view, data from the cannabis industry fails to paint an informative picture of what lies ahead for the business in 2024 or what the year holds for insurance professionals specializing in servicing the...
Farmers Direct Asks for 20% Auto Rate Increase in West Virginia
Dec 15 2023 // The West Virginia Insurance Commissioner’s Office is accepting comments on a proposed 19.9% auto liability insurance rate increase for Farmers Direct Property and Casualty Insurance Co. The proposed increase is one...
NOAA: Arctic Summer Surface Air Warmest on Record
Dec 15 2023 // A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2...
Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door
Dec 14 2023 // While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with...
Trends in Auto Thefts Add to Rising Claim Costs
Dec 14 2023 // Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023...
Crypto, Insurance-Linked and Trend Hedge Funds Most Popular With Investors: Report
Dec 13 2023 // Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 2023, according to a global report by research firm Preqin on...
Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels
Dec 13 2023 // The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the...
US Commercial Lines Survey Results Show Aggregate Increase of 6.1% in Q3: WTW
Dec 11 2023 // U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in the third...
