Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida Regulators to Hold Hearing on Comp Rate Decrease
Oct 5 2021 // Florida insurance regulators are set to hold two hearings in the next three weeks to examine workers’ compensation rates and worker notification issues. On Oct. 14, the Office of Insurance Regulation will host a...
Rates to Rise for Millions of Homeowners Under National Flood Insurance Program
Oct 4 2021 // The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Oct 4 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best
Oct 4 2021 // The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for those seeking coverage, according to a new AM Best...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Oct 4 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
Why This Is Not a ‘Standard’ Hard Market and Other Views on Today’s Insurance Market
Sep 29 2021 // Interesting. Fluctuating. Moderating. Fun. Those are the words that Patrick M. Gallagher, chief executive officer of Gallagher Global Brokerage for the Americas, used to respond to a question about the state of the...
Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions
Sep 28 2021 // Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Sep 27 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
Report: California Independent Medical Review Volume Declined Through 1st Half of 2021
Sep 24 2021 // The number of independent medical reviews used to resolve California workers’ comp medical disputes hit a record low in the first half of 2021 as statewide unemployment remained stubbornly high, non-COVID job injury...
Q&A: New Director Criswell Prepares FEMA for a Hot, Chaotic Future
Sep 24 2021 // Deanne Criswell, the first woman to lead the Federal Emergency Management Agency, in April took over a 20,000-person operation exhausted by managing responses to disasters linked to global warming: wildfires and the 2020...
Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best
Sep 23 2021 // The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for those seeking coverage, according to a new AM Best...
Washington Proposes 3.1% Increase in Workers’ Comp Rates for 2022
Sep 21 2021 // The Washington Department of Labor & Industries is proposing an increase in the average price employers and workers pay for workers’ compensation insurance next year. If the proposal is adopted, it would be the...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey
Sep 20 2021 // Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International...
Traffic Deaths Up 10.5% in First Three Months of 2021
Sep 20 2021 // New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to wear seats beats and other unsafe behavior since the start of the coronavirus pandemic. The...
Donelon Doubles Down as State Farm Refuses to Cover Ida Evacuation Costs
Sep 17 2021 // For the second time in a week, Louisiana Insurance Commissioner Jim Donelon has said he is considering levying fines against insurance companies that continue to refuse to comply with his emergency directive to cover the...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Sep 16 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
9/11 Fallout Includes Decades of Worry About Toxic WTC Dust
Sep 16 2021 // Two decades after the collapse of the World Trade Center, people are still coming forward to report illnesses that might be related to dust that billowed over the city after the terror attack. To date, the U.S. has spent...
States Curtail Public Health Powers for This Pandemic and Future Diseases
Sep 16 2021 // Republican legislators in more than half of U.S. states, spurred on by voters angry about lockdowns and mask mandates, are taking away the powers that state and local officials use to protect the public against infectious...
People Moves: Claims Leaders Hired at Generali GC&C; D&O Specialist Rising Edge, and Hamilton Re
Sep 16 2021 // This edition of International People Moves focuses on claims appointments at three insurance underwriters: Generali Global Corporate & Commercial, D&O MGA Rising Edge and Hamilton Insurance Group. A summary of...
P/C Mutual Insurers Continued to Grow Premiums in 2020 Despite Givebacks
Sep 15 2021 // U.S. P/C mutual insurance companies held their own in 2020 despite returning significant levels of premiums during the pandemic. In fact, net premiums written grew by 1.4 percent even with all the givebacks, according to a...
