Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners
Jul 19 2021 // There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, it was the highest recorded total...
The Safe Bet: Comparing the Admitted vs. Non-Admitted Insurance Markets
Jul 19 2021 // Why would anyone in their right mind choose an insurance market with no state guaranty fund protection? What makes the excess and surplus lines non-admitted insurance market a viable option? Well, I will tell you why I...
Florida’s Citizens Insurance Seeks Rate Increase as Policy Count Skyrockets
Jul 15 2021 // The Citizens Property Insurance Corporation’s Board of Governors approved rate adjustments that will raise average premiums by an additional 2.3% in February 2022. The board for the state-backed insurer unanimously...
‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA
Jul 15 2021 // Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the deluges into streets, homes and businesses even more frequently over the next decade, the National Oceanic...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050
Jul 13 2021 // A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could prevent 5,500 premature deaths and save $58 billion annually, while...
Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions
Jul 13 2021 // Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic...
Consilium Unveils Delegated Underwriting Authority Services for Re/Insurance Market
Jul 9 2021 // Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting authority (DUA) service for coverholders, which aims to...
P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners
Jul 9 2021 // There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, It was the highest recorded total...
Takeaways from a Cannabis Half-Year Outlook Conversation
Jul 6 2021 // Powered by InsuranceJournal.tv After hitting the halfway mark on the year and as we emerge from the pandemic, one has to wonder what the rest of the year will be like for cannabis businesses and those who work to insure...
Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling
Jul 5 2021 // Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will...
The Future of Insurance Agency Work
Jul 5 2021 // There is no shortage of articles opining on the future of work after COVID-19, all seeming to believe that virtual work in one form or another is here to stay. I agree. But I also believe the issue is not whether we will...
Researchers Use Drones to Help Forecast Fires as Wildfires Hit Western U.S.
Jul 1 2021 // In a grassy meadow outside Missoula, Montana, Jennifer Fowler eyes two drones high in the sky with weather instruments — part of a program to see how drones can help to fight and monitor wildfires. Missoula is a...
Howden’s Data Analytics Unit, HX, Launches Insurance Market Information Platform
Jul 1 2021 // HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the...
Consumer Report Claims Insurers Overcharged California Motorists $5.5B During First Year of Pandemic
Jun 29 2021 // Most California insurance companies continued to charge pre-pandemic auto insurance rates despite a vast majority of Californians driving far less last year, according to an analysis by Consumer Watchdog on Tuesday. The...
2018 Engineering Report Showed ‘Major’ Damage to Florida Condo That Fell
Jun 28 2021 // The ground-floor pool deck of the oceanfront condominium building that collapsed near Miami was resting on a concrete slab that had “major structural damage” and needed to be extensively repaired, according to...
AM Best Revises Mississippi Farm Bureau Outlooks to Negative
Jun 24 2021 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Mississippi Farm Bureau Casualty...
Survey: 10 States See Strong Growth in Rural Areas
Jun 21 2021 // Strong growth continues across rural parts of 10 Plains and Western states and three states now have more jobs than they did before the coronavirus pandemic began, according to a monthly survey of bankers. The overall...
‘Zombie’ Companies Likely to Keep Commercial Insurance Rates Rising
Jun 21 2021 // The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely...
Rise in Texas Workers’ Comp Claims in 2020 Ends 20-Year Downward Trend
Jun 21 2021 // Despite the economic slowdown resulting from the COVID-19 business closures, the total number of workers’ compensation claims reported to the Texas Division of Workers’ Compensation rose in 2020 by 34% compared...
