Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
Sep 9 2022 // AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for...
South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam
Sep 8 2022 // South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally. The country is now considered “very risky” due to mounting flood and fire...
Don’t Look Now, But More Reinsurance Price Increases on the Way
Sep 8 2022 // Fresh on the heels of massive reinsurance price increases in June, which helped send some property insurers into insolvency or out of the Florida market, reinsurers are now likely to raise premiums again in the next few...
Cyber MGA Coalition Launches in UK Insurance Market
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate &...
Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets
Sep 6 2022 // Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines, though higher interest rates helped their liability positions, broker Gallagher Re said on...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
Sep 5 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records
Sep 2 2022 // Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even...
Viewpoint: Can the Florida Insurance Market Withstand Another Hurricane Andrew?
Aug 29 2022 // The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County,...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Aug 29 2022 // Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. This year heavy...
Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report
Aug 25 2022 // Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By the end of the...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Worst Drought in Decades Threatens China’s Economic Recovery
Aug 24 2022 // Wan Jinjun, a 62-year-old retiree who has swum the Yangtze River almost every day for the past decade in Wuhan, said he’s never seen a drought like this before. An extreme summer has taken a toll on Asia’s...
Europe’s Drought May Be Worst in 500 Years: Report
Aug 23 2022 // Europe is currently in the throes of a drought that appears to be the worst in at least 500 years, according to a preliminary analysis by experts from the European Union’s Joint Research Center. Some 64% of the EU is...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
Aug 22 2022 // The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state. “I am angry and disappointed that...
2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?
Aug 17 2022 // With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the remainder...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
Aug 16 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The...
Massachusetts City Claims Ex-Employee Shut Down Police Website
Aug 16 2022 // Officials in a Boston suburb are investigating a former city employee they say shut down the police website during a pay dispute. Newton Mayor Ruthanne Fuller said the former employee, who was the police department...
Much of the Country to Bake Under 125-Degree Days in Coming Decades, Report Finds
Aug 16 2022 // In just 30 years, more than a quarter of the United States, including a large patch of the Upper Midwest, will face days with temperatures above 125 degrees and will see almost three times as many days above 103 degrees,...
