Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Kentucky Flooding Worst in Decades; Governor Tours Damage
Mar 8 2021 // Gov. Andy Beshear reiterated his promise to seek federal disaster relief on Friday while touring several flooded counties in Eastern Kentucky, the Lexington Herald-Leader reported. “What I saw was the worst...
White House Warns of Hack of Microsoft’s Outlook Email Program
Mar 8 2021 // The White House on Sunday urged computer network operators to take further steps to gauge whether their systems were targeted amid a hack of Microsoft Corp.’s Outlook email program, saying a recent software patch...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
Mar 8 2021 // If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times...
Hacks of Microsoft Outlook Email Program Continue Despite Patch
Mar 7 2021 // More than 20,000 U.S. organizations have been compromised through a back door installed via recently patched flaws in Microsoft Corp.’s email software, a person familiar with the U.S. government’s response said...
Survey Finds Insurance Agency Employees Now Prefer Mix of At-Home, In-Office Work
Mar 5 2021 // Insurance agency managers may need to reassess the future of the five-day-a-week office after the pandemic is over as nearly two-thirds of agency employees would like a mix of at-home and office going forward. That’s...
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks
Mar 4 2021 // More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to varying sources...
Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021
Mar 4 2021 // Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth...
Survey: Midwest Economy Grows, but Inflation, Shipping Worries Loom
Mar 2 2021 // The economy in nine Midwest and Plains states continues to improve to levels seen before the start of the coronavirus pandemic last year, according to a new monthly survey of business leaders, but concerns about rising...
GEICO Drives Up Berkshire 2020 Underwriting Profit
Mar 1 2021 // With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the...
Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss
Mar 1 2021 // Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the...
UK Insurer Aviva Plans to Become Net-Zero Carbon Emissions Company by 2040
Mar 1 2021 // British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide. Following the 2015 Paris Agreement on...
D&O-Focused MGA, Rising Edge, to Launch in 1st Half
Feb 26 2021 // Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The new company will be led by Chief Executive Officer...
EU Seeks More Protection from Climate Risks by Increasing Resilience, Insurance Cover
Feb 26 2021 // The European Union is bolstering its 14-trillion-euro ($17 trillion) economy against damage caused by the impacts of climate change, from droughts to floods and forest loss. Under an updated climate adaptation strategy...
Florida Legislature Weighs Options to Address Rising Homeowners Insurance Costs
Feb 24 2021 // Three bills currently working their way through the Florida Legislature are designed to tackle the rising costs of homeowner roof claims, the costs of attorney fees in homeowner’s claims and issues surrounding notice...
Larry Goanos’ New Book ‘Professional Lines Insurance: An Oral History’ Accounts the Real-World Workings of the Professional Lines Insurance Market
Feb 23 2021 // San Diego, CA (February 23, 2021) – Insurance Journal’s Academy of Insurance today announced the release of “Professional Lines Insurance: An Oral History: The People and Companies that Built a...
California Lawmakers Introduce Proposal to Ban Fracking by 2027
Feb 23 2021 // New legislation would ban all fracking in California by 2027, taking aim at the powerful oil and gas industry in the state already planning to ban the sale of new gas-powered cars by 2035. Progressive California has long...
Lloyd’s Survey Results Show More Inclusive Culture, but Improvement Still Needed
Feb 23 2021 // Lloyd’s has made notable progress in its push to become more inclusive, according to its 2020 culture survey, but it still has plenty of room for improvement—especially when it comes to the experiences of Black and...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
Feb 22 2021 // If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times...
Drought Could Increase Fire Threat in Wyoming, Officials Say
Feb 22 2021 // Meteorologists in Wyoming have warned that low levels of precipitation across the state could increase the threat of wildfires over the summer. Tim Troutman, a meteorologist at the National Weather Service office in...
Most Small Businesses Lost Sales Due to Pandemic: Fed Survey
Feb 22 2021 // The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according...
