Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Climate Change Could Force 200 Million People to Leave Their Homes by 2050
Sep 15 2021 // Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions and bridge the development gap, a...
Most Commercial Lines Continuing to Win Healthy Price Increases
Sep 14 2021 // While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson. Excess/umbrella produces significant price increases...
Foreign Investors Favor India Utilities, Financial Services, Healthcare: Deloitte survey
Sep 14 2021 // International investors remain confident of India’s short- and long-term growth prospects and are readying plans to make additional and new investments in the country, according to a survey of 1200 business leaders...
Florida’s Event Planners Navigate New Insurance Market Reality
Sep 14 2021 // COVID-19 has inflicted significant damage on Florida’s events industry, costing revenue, forcing changes in how the state’s venues operate and limiting options for how conventions, trade shows and concerts are...
Outlooks Revised to Negative for Armed Forces Insurance Exchange
Sep 13 2021 // AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Armed Forces Insurance Exchange (AFIE) in...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re
Sep 8 2021 // Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss...
RMS: Up to $35B in Gulf Region Onshore, Offshore Insured Losses From Ida
Sep 8 2021 // Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region to be between $25 billion and $35 billion. RMS’ estimate includes losses to the...
Global Reinsurance Rates, Demand to Continue Rising in 2022
Sep 7 2021 // Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase may slow, ratings analysts said on Tuesday. Reinsurance rates have been rising in the past few...
Survey: 9 Midwest, Plains States See Steady Economic Growth
Sep 7 2021 // The economy keeps operating at a healthy pace in nine Midwest and Plains states, but supply delays and shortages of workers are limiting growth in the region, according to a new monthly survey of business leaders. The...
ESG and the Future of Energy
Sep 6 2021 // One area receiving increased scrutiny by underwriters are ESG related issues, or environmental, societal and government requirements, according to Ricky Bryan, executive vice president, IMA Financial Group Inc., and...
Insurance Industry Keeping Up With an Energy Market in Transition
Sep 6 2021 // Last year was a wild one for the energy sector. There were, of course, COVID-19 related issues. The sector also dealt with continuing pressure on insurer capacity for some energy sectors due to environmental concerns, oil...
Florida Workers’ Comp Rates Set to Decrease, Again
Sep 3 2021 // Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a statewide rate decrease of 4.9% in the voluntary market. The rates would take...
