Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Growth of Pet Insurance Continues as Market Could Reach $4.5B
Jan 29 2025 // Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a booming business. Pet health insurance purchases have been up over the last several years, dramatically expanding...
Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows
Jan 28 2025 // Florida condominium sales last year reached their lowest point in almost a decade, according to a Florida Realtors report. It’s another measure of the financial crisis that has gripped condo owners and associations...
2025 Agency Salary Survey: Deadline Approaching
Jan 28 2025 // It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report in Insurance Journal magazine. ALL retail agency owners, principals, producers, CSRs — the...
APCIA: Insurance Markets Work Best Without Excessive Price Regulation
Jan 28 2025 // The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets “Insurance markets function best when allowed to operate competitively,...
Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly From Prior Year
Jan 27 2025 // The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas for the 2023 year, finding that fatal injuries were slightly down compared to...
Industry Trends to Exploit for 2025 – Part Two
Jan 27 2025 // This article follows Part One from last month and covers group benefits and health insurance, the effects of natural disasters on insurance, insurtech and technology, and market conditions. Group Benefits and Health...
Fitch Revises Mercury’s Outlook to Negative
Jan 24 2025 // Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of the Eaton and Palisades fires near Los Angeles, but the agency also gave a negative...
Where Homeowners Rates Are Rising—and Who Is Raising Them Most
Jan 24 2025 // According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and American Family Insurance topped a list of 10 insurers ranked by average rate change. The...
Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
Jan 23 2025 // Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable...
OPTIS: 2024 Insurance Agency M&A Down 10%, Highlighted by 3 Large Deals
Jan 23 2025 // The total number of insurance agency mergers and acquisitions in 2024 was down 10% compared to 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database...
EU Is Set to Shrink ESG Reporting Rules Amid French Demands
Jan 22 2025 // The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework. The French government is...
New York Proposes Plan to Stabilize Broken Taxi Insurance Market
Jan 22 2025 // New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the...
North Carolina Settles on 15% Increase in HO Rates
Jan 21 2025 // RALEIGH. N.C. (AP) — Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the...
Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
Jan 17 2025 // CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t...
Cyber Insurance Market to Expand as Risks Evolve: Gallagher
Jan 17 2025 // While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits,...
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Jan 17 2025 // Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not...
California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
Jan 17 2025 // Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’...
Bayer Faces Billions in Payouts for Decades-Old Toxic Mess
Jan 16 2025 // Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and...
An Increase in Identity Theft, Cybercrime Predicted in 2025
Jan 16 2025 // The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It’s anticipated there will be reduced support for victims and less law enforcement...
War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive: WEF Survey
Jan 15 2025 // War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump’s vow to end hostilities in Ukraine. “State-based armed conflict”...
