Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Only 3% of Employees Want to Return Full-Time to Their Offices: Survey
Feb 22 2022 // Just 3% of white collar workers want to return to the office five days a week, according to a poll by management consultancy Advanced Workplace Associates, which warned employees will quit if bosses force them back...
Agency Salary Survey: Why Money Isn’t Everything to Agency Hires
Feb 21 2022 // Salaries and total compensation rose in 2021 for all levels of empoloyees reporting in the Insurance Journal Agency Salary Survey. But while insurance agency personnel on average made more money last year, their...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers
Feb 21 2022 // The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate. Perhaps that should be no surprise. “It’s the...
Traffic Fatalities Continue on Record Pace But not in All States
Feb 21 2022 // The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, keeping up a record pace of increased dangerous driving during the coronavirus pandemic, the U.S. government reported. The estimated...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
Rating Upgrades Increase for U.S. P/C Insurers in 2021
Feb 16 2022 // Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the...
After Months of Decline, Florida Claims Litigation Rose Sharply in January
Feb 16 2022 // Just when insurers saw signs that last year’s reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management software, which...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
Just 3% of White Collar Workers Want to Return Full-Time to Their Offices: Survey
Feb 15 2022 // Just 3% of white collar workers want to return to the office five days a week, according to a poll by management consultancy Advanced Workplace Associates, which warned employees will quit if bosses force them back...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers
Feb 15 2022 // The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no...
Cyber Criminals Nabbed $1.3B in Ransom Payments Over 2 Years: Report
Feb 11 2022 // Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
4 in 10 Workers Report Decline in Mental Health, Delay in Health Care: Hartford Survey
Feb 9 2022 // New research from insurer The Hartford found 42% of U.S. workers report declines in their mental health, while a similar percentage (43%) have delayed routine health care appointments since the COVID-19 pandemic began. The...
SCOR Reports 19% Premium Growth in January Renewals, Average Price Hikes of 4.9%
Feb 8 2022 // SCOR reported 19.0% premium growth during the January property/casualty (P/C) reinsurance renewals and an overall average P/C price increase of 4.9%. SCOR said the 19% premium growth figure includes a large structured...
CNA Q4 Net Income Drops but Increases 74% for Full Year 2021
Feb 7 2022 // CNA Financial Corp. said fourth quarter 2021 net income decreased more than 30% to $266 million compared to the same period the prior year. There was a drop in net investment income during the last three months of 2021 to...
EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance
Feb 7 2022 // Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3
Feb 7 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through...
U.S. Surplus Lines Premium Up 22% in 2021
Feb 7 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines’ stamping offices. The increases represented record levels of premium...
10 Emerging Risks to Watch
Feb 7 2022 // Insurance Journal examined industries experiencing changes and a few challenges due to the COVID-19 pandemic, economic forces and tough insurance market conditions in 2021. Here are 10 industry sectors that could see new...
