Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals
Apr 28 2023 // State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for auto insurance,...
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS
Apr 28 2023 // Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe...
Rising Oil Prices Complicate Russian Price Cap Checks for Insurers
Apr 28 2023 // Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can lawfully cover Russian cargoes. Since December, buyers of Russian crude oil have only been allowed to...
Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh
Apr 27 2023 // Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to 28% in Q4 2022, according to the Global Insurance Market Index published by insurance...
Russia’s Lavrov Blames West for Deadlock Over Future of Black Sea Grain Deal
Apr 26 2023 // Moscow has seen “practically no results” from a pact with the United Nations that aimed to help Russia’s grain and fertilizer exports and blamed Western countries for creating a deadlock, Foreign Minister...
W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’
Apr 24 2023 // W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.” During a call with analysts to discuss first quarter earnings,...
Pew: 7-in-10 Americans Favor Steps to Become Carbon Neutral by 2050
Apr 20 2023 // Cannabis enthusiasts have the 4/20 holiday, but in two days some 7.9 billion people have cause to celebrate. Earth Day is Saturday, and while today’s eyes are on the cannabis holiday, the media is already starting to...
Auto Insurance Shopping Rises as Consumers Seek Better Rate
Apr 20 2023 // Auto insurers have been forthcoming in their desire to achieve rate to match increases in claims costs and, so far in 2023, consumers are not standing by. According to a quarterly report from J.D. Power, in collaboration...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity
Apr 19 2023 // Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange Commission regulations on environmental, social and governance disclosures (ESG) are...
Insurance Industry Charitable Foundation Launches 2023 Step Up Challenge:
Apr 18 2023 // Annual challenge begins April 24, raises funds in the fight against childhood hunger in US & UK LOS ANGELES (April 13, 2021) – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization...
Why Downpour in South Florida Just Wouldn’t Stop, Portending Future Floods
Apr 17 2023 // In some ways, it was the Florida Man of storms – not quite knowing when to say when. Usually, thunderstorms fizzle out after they run out of rain or get cold air sucked in. But not Wednesday, when the storm that hit...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022
Apr 17 2023 // High inflation alone led to an increase in property/casualty claims of 5%-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should lead to an additional...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Apr 17 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Apr 17 2023 // Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions...
Thieves Blow Up German ATMs Every Day, With Attacks Rising 40%-Plus Since 2019
Apr 14 2023 // In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the same morning last month, at branches of Santander and Deutsche Bank across the street from each other close to...
CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
Apr 14 2023 // The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. The CSU Tropical Meteorology Project team is predicting 13...
March Results Dampen Progressive Q1 Net Income Momentum
Apr 13 2023 // Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same time last year – though the insurer booked a nearly $152 million loss for the month of March. At the...
Kremlin Warns Outlook for Extending Black Sea Grain Deal Is ‘Not so Great’
Apr 13 2023 // The Kremlin warned on Wednesday that the outlook for extending a deal beyond May 18 that allows the safe wartime export of grain and fertilizer from several Ukrainian Black Sea ports was not great as Russia’s own...
U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
Apr 12 2023 // The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be...
Western Australia Could Be Hit by Biggest Cyclone in Almost a Decade
Apr 11 2023 // Western Australia could be hit by the largest cyclone in almost a decade this week, with the weather system predicted to cross the coast near a major export port for iron ore that’s to be cleared of vessels. Tropical...
