Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida Citrus Forecast Improves Over Last Year When Hurricanes Hit State
Oct 16 2023 // The forecast for Florida citrus, the state’s signature crop, is expected to improve in the upcoming season compared to last year when twin hurricanes battered the state at the start of the citrus season, according to...
AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues
Oct 16 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the rating firm said hinder the insurance giant’s ability to...
Rising Claims Costs Limit US P/C Profitability in 2023: Swiss Re
Oct 16 2023 // While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results. According to the U.S. Property...
Homeowners Face Rising Insurance Rates as Climate Change Makes Wildfires, Storms More Common
Oct 16 2023 // A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report...
Report Examines 10-Year California Workers Comp Payment Trends
Oct 16 2023 // Average paid losses on California workers’ compensation lost-time claims fell immediately after legislative reforms of SB 863 took effect a decade ago, but then gradually increased up until the pandemic hit,...
3 Emerging Risks to Watch: Rising Lumber Costs, Solar Flares, Underground Climate Change
Oct 16 2023 // The risk landscape is seemingly ever-expanding. While the insurance industry faces the familiar — yet more costly — severe weather activity, there may be new risks emerging below the surface and above the...
Redefining ‘Protection’ to Build a More Resilient Future
Oct 16 2023 // Most American consumers and business owners share concerns about the year ahead as economists debate whether a soft or hard landing is in store for the U.S. These concerns, driven by sticky inflation and rising interest...
The Connectivity Challenge and the Future of Insurance Agents
Oct 16 2023 // Connecting the insurance ecosystem through the power of technology could answer the decades-old problem of duplicate entry for agents. Agents still must navigate through multiple carrier portals to complete a single quote,...
Insurers Prioritizing Profit Over Growth: Exec Survey
Oct 13 2023 // Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of participants reported they...
Marsh McLennan Names Tomlinson President, Future CEO of Mercer
Oct 12 2023 // Effective today, Pat Tomlinson has been named president of Marsh McLennan’s Mercer, and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will report...
Summit: Big Picture Trends Driving Insuring Cannabis Conditions
Oct 12 2023 // Powered by InsuranceJournal.tv Certain exclusions that were once prevalent in cannabis insurance seem to be eroding, possibly a sign of some good news for businesses in the industry. A group of experts gathered during...
Summit: Insuring Cannabis Specialists Talk Trends, Risks and Coverage Challenges
Oct 11 2023 // Powered by InsuranceJournal.tv Unique vapes, infused cocktails and even personal hygiene items — the variety of new and emerging cannabis products is a clear sign the industry is maturing and innovating. And more...
75% of Small Businesses Are Underinsured, Says Hiscox Survey
Oct 11 2023 // Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers...
Hacker Puts 23andMe User Data Up for Sale on the Internet
Oct 10 2023 // An anonymous hacker is claiming to be selling “millions” of genetic profiles cobbled together from hijacked 23andMe customer accounts. The seller suggested the profiles, which include email addresses, photos,...
Most Homeowners Face Barriers to Improve Resiliency, Says APCIA Survey
Oct 10 2023 // As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate damages. The American Property...
Survey: Cyber Budgets, Insurance Premium Jump Across Sectors
Oct 10 2023 // Budgets and insurance policy costs have increased exponentially despite doubts surrounding efficacy of cyber practices, according to a recent survey gauging cybersecurity practices among global debt issuers conducted by...
2023 on Track to Become Hottest Year on Record: EU Climate Service
Oct 6 2023 // This year is on track to become the hottest since at least 1940, the European Union’s Copernicus Climate Change Service said on Thursday. Scientists have said climate change, combined with this year’s El Nino...
Takeaways from Our Conversation on Hemp Market’s Growth Potential
Oct 6 2023 // Powered by InsuranceJournal.tv Hemp is often a sidenote in conversations about the cannabis industry, but hemp has far greater growth potential than most people probably think. That’s according to a new report out...
Viewpoint: Reflecting on 30 Years of Transformation in the Re/Insurance Sector
Oct 4 2023 // Executive summary: Reflecting on 30 years of Pro Global’s journey in the re/insurance sector, it is evident that the company’s evolution parallels the broader shifts that have defined the industry’s...
Consumer Product Injuries Continue to Rise After Low in 2020
Oct 3 2023 // Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021 and 7.8% in 2022, according to the Consumer Product Safety Commission (CPSC). The...
