Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Report: California Workers’ Comp Written Premium Down in 2021
Jul 27 2022 // Written premium for 2021 was 1.4% below that for 2020 and is the lowest since 2012, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued its quarterly report on written premium,...
Slump in Auto Sales Leads to Outlook Downgrade for Discovery Insurance in Carolina
Jul 27 2022 // AM Best financial rating service announced it has downgraded the outlook for North Carolina-based Discovery Insurance Co., from stable to negative after a decline in the non-standard auto insurer’s earnings and...
Alpine Glaciers Decline at Record Rates Following Heatwaves
Jul 26 2022 // MORTERATSCH GLACIER, Switzerland – From the way 45-year-old Swiss glaciologist Andreas Linsbauer bounds over icy crevasses, you would never guess he was carrying 10 kg of steel equipment needed to chart the decline of...
Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement
Jul 26 2022 // Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In...
Wisconsin Insurance Premiums for Worker’s Comp Decline
Jul 26 2022 // Wisconsin companies will pay 8.47% less in worker’s compensation insurance rates starting Oct. 1, the Wisconsin Department of Workforce Development reported. The lower rates reportedly reflect continued worker safety...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey
Jul 25 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
RLI Bullish on Southeast Property Insurance Market as Others Exit
Jul 22 2022 // RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday during a second-quarter...
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Jul 22 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...
Beazley’s H1 Profits Drop but Full-Year Outlook Rises on Cyber Premium Growth
Jul 22 2022 // Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk...
Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth
Jul 22 2022 // Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The...
Medicarians 2022: The Future of Medicare Advantage and Supplement Insurance Producers
Jul 22 2022 // This post is part of a series sponsored by AgentSync. Medicare faces numerous challenges in the years to come, with regulatory trends, federal funding, and increasing lifespans all playing a role in the future of the...
Mass Shooting Insurance Rates Jump as Incidents Rise
Jul 18 2022 // The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so...
Report: Sharp Increase in California Workers’ Comp Med-Legal Costs
Jul 18 2022 // Payments for medical-legal services used to resolve medical disputes over compensability issues in California work injury claims have risen sharply under the new Medical-Legal Fee Schedule that took effect last year, a new...
How the American Data Privacy and Protection Act Will Increase Costs
Jul 18 2022 // There are many sectors of the U.S. economy that are not subject to rigorous privacy regulations. The insurance industry is not one of them. Our industry has a long history of protecting the privacy interests of its...
‘Red Extreme’ Warning Forecasts Exceptional Heat Wave Next Week for UK
Jul 15 2022 // The Met Office has issued the first-ever Red Extreme Heat warning for exceptional heat in the UK, forecasting that next week temperatures could reach 40°C (104 Fahrenheit). The national severe weather warning covers...
Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey
Jul 15 2022 // The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber...
Electric Vehicle Sales Rise Sharply, Signaling Changes for Auto Claims
Jul 15 2022 // US consumers are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said in new report that electric...
Home Insurance Prices Increase Faster Than Inflation Rate: Policygenius
Jul 12 2022 // According to analysis by insurtech Policygenius, home insurance premiums are rising faster than inflation From May 2021 to May 2022, the price of goods and services increased 8.6% in the U.S. In the same time period, home...
Carolina High Court Takes Up Law That Extends Time on Sex Abuse Claims
Jul 11 2022 // North Carolina’s Supreme Court will accelerate appeals over the constitutionality of a state law that gave adults with child sexual abuse claims another two years to seek civil damages. A majority of justices agreed...
