Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Arizona Auto Insurance Rates Rising on Heels of COVID
Apr 4 2022 // As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher. After giving customers premium...
Young Agents: What Do You Think? Take This Survey.
Apr 1 2022 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
Fitch Downgrades California Earthquake Authority’s Ratings; Outlook Stable
Apr 1 2022 // Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’. The Rating Outlook is Stable. The rating action follows the vote of...
Marsh McLennan Commits to Net-Zero Across Operations by 2050
Apr 1 2022 // Marsh McLennan announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company will also...
Insurers: NAIC’s Move to Amend Climate Disclosure Survey Too Quick
Mar 30 2022 // The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War
Mar 30 2022 // Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with...
Hearing on Florida Citizens’ Near-Max Rate Increases Set for March 31
Mar 25 2022 // The Florida Office of Insurance Regulation will hold a hearing on Thursday, March 31, to examine a request by Citizens Property Insurance Corp. for a near-maximum rate increase for most of its policies. Citizens, limited...
Planning, the Pandemic and Price Increases
Mar 23 2022 // This post is part of a series sponsored by Old Republic Surety. Here’s valuable advice you can share with your construction clients, particularly those who require performance bonds. Although this article was written...
Connectivity Advancements and 4 Other Tech Trends Transforming the Insurance Industry
Mar 23 2022 // This post is part of a series sponsored by AgentSync. The insurance world isn’t moving at the speed of light quite yet, but technology is still bound to transform the ways insurance agents and carriers do business...
Authentication Firm Okta Says Up to 366 Customers Potentially Hit by Hack
Mar 23 2022 // Shares in Okta Inc fell 9% on Wednesday after the U.S. digital authentication firm said hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$. The breach sparked concern as...
Arizona Auto Insurance Rates Rising on Heels of COVID
Mar 22 2022 // As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher. After giving customers premium...
Inflation Outpacing Premium Increases for Auto and Homeowners Lines
Mar 21 2022 // US Insurers — already hammered by extraordinary losses caused by natural disasters — are failing to raise premiums at a pace that matches the inflation rate, according to the American Property Casualty...
More Price Increases for US Commercial Insurance in Q4 2021: WTW
Mar 21 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
Mar 16 2022 // According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long...
Arkansas Workers’ Comp Insurance Rates to Decrease in 2022
Mar 14 2022 // Arkansas Insurance Commissioner Alan McClain announced on March 10 that Arkansas businesses could see another rate decrease in workers’ compensation insurance in 2022. The Arkansas Insurance Department (AID) approved...
AM Best Downgrades Outlook for Florida Family Insurance Companies
Mar 10 2022 // The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary, Florida Family Home Insurance Co. The rating firm said the companies’ long-term issuer credit...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims
Mar 8 2022 // A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in...
Russian invasion leads to its insurance market isolation
Mar 8 2022 // Any major event or upheaval that affects the economy, the environment, technology, health or law somehow touches insurance. War is no exception. The repercussions of Russia’s unprovoked military invasion of Ukraine...
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners Lines
Mar 8 2022 // US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
