Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Last Chance for 2021’s Agency Salary Survey
Feb 5 2021 // The deadline to participate in the 2021 Agency Salary Survey is today. Would you like to know where agency salaries and total compensation ranks today? Find out by completing this year’s survey. Survey respondents...
Sadly The One Thing 2020 Did Well Was to Heat Things up
Feb 4 2021 // 2020 wasn’t the bottom of the barrel in all regards – depending on how you look at it. The planet’s average surface temperature in 2020 tied with 2016 as the warmest year on record. An analysis by...
Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic
Feb 4 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...
Bayer Strikes $2 Billion Deal to Resolve Future Roundup Cancer Claims
Feb 4 2021 // Bayer AG struck a $2 billion deal to resolve a class action of future claims relating to allegations that its widely used weedkiller Roundup causes cancer, the company and lawyers for U.S. consumers said on...
Hearing Set for Next Year Over 18.7% North Carolina Dwelling Rate Increase
Feb 3 2021 // A hearing date for the proposed 18.7% dwelling insurance rate increase has been set for Jan. 18, 2022 by North Carolina Insurance Commissioner Mike Causey, a statement from the North Carolina Department of Insurance...
Climate Change Is Causing Sea Levels to Rise Faster than Most Forecasts
Feb 2 2021 // Climate change is causing oceans to rise quicker than scientists’ most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates published Tuesday...
Revenue-Seeking Cyber Criminals Increasingly Target Businesses Over Individuals
Feb 2 2021 // Cyber criminals shifted away from stealing individual consumers’ information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource Center. The...
Cryptocurrency Crime Drops in 2020 but ‘Decentralized Finance’ Losses Rise: Study
Jan 29 2021 // Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the “decentralized finance” space continued to grow, a report...
USAA, Serving Military and Veterans, Enters Small Business Insurance Market
Jan 28 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states –...
Iowa AG: Consumer Complaints UP 24.4% in 2020
Jan 27 2021 // The coronavirus pandemic and the derecho windstorm helped to boost the number of consumer complaints filed with the state attorney general’s office last year. Scammers took advantage of a confusing and chaotic 2020,...
Cost of Laura, Delta, Zeta Insurance Claims Up to $7.7B in Louisiana
Jan 27 2021 // Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department...
Survey Shows Gains in Rural Economy of Midwest, West States
Jan 26 2021 // The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021 economy are excessive inflation and higher long-term interest rates, according to a new...
Keeping Up with Changes in Florida’s Growing Private Flood Market
Jan 25 2021 // Flooding is America’s number one natural disaster and as the highest “at risk” state in the country, Florida is the epicenter for all things flood insurance. Since 1968, when procuring flood insurance,...
Insurance Journal’s 2021 Agency Salary Survey Open
Jan 25 2021 // Insurance Journal is once again seeking independent agency owners, principals, producers, CSRs — the entire agency — to participate in its annual independent insurance agency salary survey for publication in Insurance...
Personal Lines Insurance Market Outlook as Stable: AM Best, Moody’s
Jan 25 2021 // AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting performance in private...
The 2021 Diversity, Equity and Inclusion Forecast Why Actionable, Measurable Steps Must Be Taken
Jan 25 2021 // A key takeaway from 2020 is the acknowledgement that change of a magnitude greater and more frequent than anyone had anticipated is upon us. One of the best ways for insurers and their business partners to embrace this...
Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation: Report
Jan 20 2021 // Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy,...
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain
Jan 20 2021 // The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days...
Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts
Jan 20 2021 // The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its mediation efforts in...
AM Best, Moody’s Rate Personal Lines Insurance Market Outlook as Stable
Jan 19 2021 // AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting performance in private...
