Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Global Re/insurers See Average Premium Increases of 11% in 1st Quarter: Gallagher Re
May 31 2022 // Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from Gallagher...
Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey
May 27 2022 // Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk...
Report: California Workers’ Comp Written Premium for 2021 Down 2%
May 26 2022 // California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update...
J.D. Power Survey Finds Auto Insurance Customer Satisfaction Has Eroded
May 25 2022 // J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. “A perfect storm of...
Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints
May 24 2022 // Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana...
Florida Senate Committee Passes Insurance Market Rescue Bill 19-2
May 24 2022 // A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof claims, litigation expenses and reinsurance costs for beleagured property insurers –...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change
May 23 2022 // UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks...
Costlier Errors: Legal Malpractice Claims Severity Keeps Rising
May 23 2022 // Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years – and at least one paid a...
New Mexico Wildfire Evacuees Worry About Their Future
May 23 2022 // As more than 2,700 firefighters in northern New Mexico continued to battle the nation’s largest active wildfire on Sunday, many evacuees were growing concerned about their future after weeks away from home The...
Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030
May 23 2022 // First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a landmark Dutch ruling a year ago which ordered Shell to cut its emissions by 45% by 2030, a German organic...
Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected
May 23 2022 // Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. War. Drought. Production shortages. Historically low inventories. And...
Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments
May 19 2022 // Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three...
Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer
May 18 2022 // For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout...
Rise of Remote Work to Define Future of City of London
May 18 2022 // More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to pre-pandemic norms. The demand for a new...
Asked to Rethink 41% Rate Increase, Florida Farm Bureau Did. New Request is Higher
May 18 2022 // When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
May 17 2022 // Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its Cyber Readiness Report...
Workers’ Comp Claims from 10 Years of Legal Cannabis in Colorado Reveal a Boring Trend
May 16 2022 // Data on injured workers from the nation’s most mature adult-use cannabis market is pretty boring. No excessive claims resulting from injuries suffered by stoned forklift drivers, high cultivators, or even dispensary...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
May 16 2022 // A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure...
Report Forecasts ‘Above-Normal’ U.S. Wildfire Season, Worse in Drought-Plagued West
May 16 2022 // The U.S. has in store an “above-normal” wildfire season if a prediction from fire weather experts holds true — “intense” may be a better word for the expectations in the Western region. Early...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
May 16 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top...
