Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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,...
Report: California Workers’ Comp Quarterly Written Premium Lowest Since 2012
Dec 21 2021 // Written premium for 2020 was $1.9 billion, or 12%, below 2019, and was at its lowest since 2012, a new report out from the Workers’ Compensation Insurance Rating Bureau shows. WCIRB’s quarterly experience...
AM Best Revised Outlooks to Positive for Aspire General in California
Dec 20 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Aspire General Insurance Co. in Rancho...
California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased
Dec 20 2021 // The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the...
Why Sales Leaders Fail to Increase Sales (and 7 Things to Do About It)
Dec 20 2021 // A few days ago, I had lunch with a young man who told me that when he was hired as a producer, his sales leader (CEO) said, “If you come work here, we’ll leave you alone.” Look, I understand this new...
Industry Trends to Exploit for 2022
Dec 20 2021 // It is imperative for agency owners to watch and learn about major trends when they start. Following are the eight key trends that insurance agencies should be tracking for 2022. 1. Insurtech Technology Insurance and...
Charitable Giving in 2021: A Year of Rising to Meet New Challenges
Dec 20 2021 // Bringing people together to help others has historically been a defining focus for charitable giving and volunteerism in the insurance industry. Though getting involved has become more complicated over the past year and...
