Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Cyber Claims Down But Still Remain Top Concern
Oct 3 2022 // Cyber threats were the top concern for business decision-makers for the third time in four years, according to a recent survey. But overall claims have trended down, at least for the cyber insurer and cybersecurity firm,...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re
Oct 3 2022 // Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C...
Workers’ Compensation Premiums Increase 10% for First Six Months of 2022
Oct 3 2022 // A comparison of workers’ compensation direct premium written indicated an overall increase of approximately 10.1% for the first six months of 2022 compared to the first six months of 2021. Twenty of the Top 25...
New Report on California Workers’ Comp Medical Payment Trends
Oct 3 2022 // The Workers’ Compensation Insurance Rating Bureau of California released an updated California Workers’ Compensation Aggregate Medical Payment Trends report for 2021. The latest annual report compares medical...
Washington Proposes 4.8% Workers’ Comp Increase for 2023
Oct 3 2022 // The Washington Department of Labor & Industries is proposing a 4.8% increase in the average price employers and workers pay for workers’ compensation insurance in 2023. Employers and workers would jointly pay an...
California Workers’ Comp Written Premium up 27% in First Half of 2022
Sep 30 2022 // The Workers’ Compensation Insurance Rating Bureau of California released its Quarterly Experience Report, which reflects an increase in written premium due to economic recovery from the pandemic. The report is an...
Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
Sep 30 2022 // Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new...
Industry Experts Talk Future of Insurance at 2022 ITC Conference
Sep 29 2022 // Our editorial team caught up with attendees at the 2022 InsureTech Connect conference in Las Vegas. Industry experts took the time to discuss what this year’s theme, The Future of Insurance, means to them. They also...
Report: Oil Spills Dropped Dramatically Last Decade
Sep 29 2022 // Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report Wednesday. The amounts spilled...
NOAA: 6th Warmest August on Record
Sep 26 2022 // August 2022 was the world’s sixth-warmest August in 143 years, according to scientists at NOAA’s National Centers for Environmental Information. The warm August wrapped up the Northern Hemisphere’s...
Big ‘I’ and Reagan Consulting Release 2022 Best Practices Study Results
Sep 23 2022 // As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best...
New Report on California Workers’ Comp Medical Payment Trends
Sep 22 2022 // The Workers’ Compensation Insurance Rating Bureau of California released an updated California Workers’ Compensation Aggregate Medical Payment Trends report for 2021. The latest annual report compares medical...
Washington Proposes 4.8% Workers’ Comp Increase for 2023
Sep 22 2022 // The Washington Department of Labor & Industries is proposing a 4.8% increase in the average price employers and workers pay for workers’ compensation insurance in 2023. Employers and workers would jointly pay an...
Rising Auto Rates Affecting ‘Bundle’ Strategy: J.D. Power
Sep 21 2022 // Bundling home and auto insurance may have hit a roadblock as consumers have started to break up policies largely due to increases in auto insurance premiums, according to J.D. Power. Overall satisfaction and retention...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Sep 20 2022 // Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year. Speaking at...
Agency Networks: Thriving Now and in the Future
Sep 19 2022 // Agency partnerships and networks continue to grow and add value for property/casualty independent agencies, large and small, by adding greater market access, offering services and technology, and the sharing of ideas that...
Decade Old Climate Report Warned of Extreme Weather
Sep 16 2022 // Record high temperatures in urban Europe as heat waves bake the planet more often. Devastating floods, some in unprepared areas. Increasing destruction from hurricanes. Drought and famine in poorer parts of Africa as dry...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook
Sep 16 2022 // Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn’t time to change that view during a webinar last week. Taoufik Gharib, senior...
3M Belgian Settlement Signals Increased Risk of ‘Toxic Torts’ in Europe
Sep 16 2022 // “Toxic torts,” which are lawsuits alleging damage to human health or the environment caused by specific substances, are increasingly common in the United States. They can cost defendants hundreds of millions,...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re
Sep 14 2022 // Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C...
