Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida Growth Will Mean More Cat Losses; Premiums Must Rise – Summit
Dec 6 2021 // With good news comes bad, and vice-versa in Florida’s growing but rapidly deteriorating property insurance market, industry analysts said at a two-day Florida Chamber of Commerce Insurance Summit last week. First,...
Inflation, Loss Severity May Curb Nonstandard Auto Market’s Positive Momentum
Dec 6 2021 // Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive...
Future of Surety: Why the Industry Needs Knowledge Transfer and Education Now
Dec 6 2021 // Surety requires a highly complex and specialized form of underwriting. It is also an excellent career path for those who thrive on complex challenges, have a genuine interest in buildings and infrastructure, and enjoy...
Report: California Workers’ Comp Covid Claim Volume Trending Down After Summer Surge
Dec 6 2021 // The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute. A CWCI...
How Personal Lines Insurance Sector Will Fare in 2022
Dec 2 2021 // Thanks in part to higher surplus levels and favorable risk-adjusted capitalization at the start of 2021, the U.S. personal lines insurance segment has managed to navigate the challenges of this year including above-average...
Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
Dec 2 2021 // The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be...
Fed’s Powell Prepares for Possible Pivot With Inflation Risks Rising
Dec 2 2021 // The U.S. central bank needs to be ready to respond to the possibility that inflation may not recede in the second half of next year as most forecasters currently expect, Federal Reserve Chair Jerome Powell said on...
European Insurers Wary of Rising Threat of Sanctions Against Nord Stream 2 Pipeline
Dec 2 2021 // A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically sensitive project to bring Russian gas directly to...
Despite COVID, Comp Claims and Severity Declined in 2020, NCCI Says
Dec 1 2021 // The disease known as COVID-19 may have caused wrenching changes around the world, but its effects on workers’ compensation claims were relatively minor in 2020, the National Council on Compensation Insurance said in...
Average Price of Washington Workers’ Comp Going up Slightly in 2022
Nov 30 2021 // The Washington Department of Labor & Industries announced a 3.1% increase in the average worker’s compensation premium rate for hours worked in 2022. “A modest hike is needed because of the rising costs to...
Delaware Workers’ Compensation Insurance Rates to Decrease for Fifth Year
Nov 30 2021 // Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates in the state will decrease for the fifth year in a row, effective December 1, 2021. The voluntary market is seeing...
California Turning Down Most Fracking Permits Ahead of 2024 Ban
Nov 29 2021 // California regulators haven’t approved permits for the controversial oil and gas extraction process known as fracking since February, effectively phasing out the process ahead of Gov. Gavin Newsom’s 2024...
Universal Raises $100M for Future Growth
Nov 29 2021 // Universal Holdings, parent company of Universal Property and Casualty Insurance Co., Florida’s largest private P&C carrier, announced it had placed $100 million in notes to aid in future growth plans. The...
North Carolina Homeowners Premiums to Rise 7.9% on Average
Nov 24 2021 // North Carolina homeowners will see insurance premiums climb an average of 7.9% next year, but that’s much less of an increase that a state rating bureau had requested, the state insurance commissioner announced. The...
Inflation, Loss Severity May Curb Nonstandard Auto Market’s Positive Momentum
Nov 24 2021 // Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive...
Report: California Workers’ Comp Covid Claim Volume Trending Down After Summer Surge
Nov 23 2021 // The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute. A CWCI...
Down Then Up: Florida Litigated Claims Climbed a Bit in October
Nov 19 2021 // After two months of significant declines, litigated claims for Florida’s largest property and casualty insurers rose 5% in October, a litigation tracking service reported. CaseGlide, a litigation management software...
P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re
Nov 17 2021 // Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute’s latest sigma study. The global insurance market is set to...
Settlement Bans Coal Storage in California City by 2027
Nov 16 2021 // A private port operator in the San Francisco Bay Area that stores coal from Utah before it’s shipped to Asia has been given until 2027 to continue those operations under terms of a settlement. Officials in Richmond,...
