Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Jan 18 2022 // Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. “As we adapt to new structures and flexible ways of working, we are continuing to carefully think...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
Jan 18 2022 // A Miami judge’s certification of a lawsuit against Florida’s largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could...
Container Shipping Giant Maersk Speeds Up Decarbonization Target by a Decade
Jan 14 2022 // COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand for green...
Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021
Jan 14 2022 // The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report
Jan 13 2022 // “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS). GRPS respondents rank...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
Jan 13 2022 // The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating analyst said. Longer...
5 Insurance Industry Predictions for 2022
Jan 13 2022 // This post is part of a series sponsored by AgentSync. It’s starting to feel like a New Year’s tradition. But we’re not talking about the ball drop or kissing your beau at midnight. For the past several...
Smart Guns Finally Arriving in U.S., Seeking to Shake Up Firearms Market: Reuters
Jan 12 2022 // Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a new wave of government...
Climate Crisis Is Top Risk Facing World for Next Decade: World Economic Forum Survey
Jan 11 2022 // There’s little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, the World...
Report: More Than 1-in-4 Residents Affected by Climate-Related Extreme Weather in 2021
Jan 6 2022 // More than four-in-10 U.S. residents live in a county that was struck by climate-related extreme weather last year, while more than 80% experienced a heat wave, according to a new report. The Washington Post conducted an...
Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks
Jan 6 2022 // The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s Product Launchpad has been created to replace the Product Innovation...
Insurance Industry Predictions for 2022
Jan 5 2022 // This post is part of a series sponsored by CoreLogic. As if 2020 didn’t test the insurance industry enough, 2021 has proved to be yet another challenging year for property & casualty insurers. We saw significant...
Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises
Jan 5 2022 // Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk management, according to a...
FAIA Posts Infographics to Help Explain Florida’s Ailing Insurance Market
Jan 3 2022 // In an effort to increase awareness of the need for further reforms that could improve the state’s distressed property insurance market, an independent agents’ organization has released a set of infographics for...
Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark
Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict. According to a new study led by the University of Washington,...
Louisiana Workers’ Comp Rates to Decrease 10.5% in 2022
Dec 29 2021 // Louisiana Insurance Commissioner Jim Donelon has approved a 10.5% reduction in workers’ compensation rates for 2022. The decrease is set to take effect May 1, 2022. Louisiana has seen workers’ compensation...
This Year’s 10 Worst Climate Disasters Cost $170 Billion: Study
Dec 27 2021 // Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern U.S. with lashing rain in...
Voluntary Comp Rates Drop Again in South Carolina; Assigned Risk Multiplier to Rise
Dec 22 2021 // Workers’ compensation insurance rates for the voluntary market will drop next year in South Carolina, but the loss cost multiplier for the assigned risk sector will climb again, thanks to another year of excessive...
As Strongest Storm to Hit Philippines in 2021, Typhoon Rai ‘Exceeded All Predictions’
Dec 22 2021 // SINGAPORE – The rapid intensification that turned this week’s Typhoon Rai into the strongest storm to hit the Philippines this year surpassed all predictions, forecasters said, leaving nearly 400 people dead and...
Active 2021 Hurricane Season Revealed ‘Unsettling’ Trends: AIR Worldwide
Dec 22 2021 // The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the updated 30-year average,...
