Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Big Collision Claim Trends to Watch in 2025
Dec 26 2024 // The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle...
Losses From Crypto Hacks Jump to $2.2 Billion in 2024, Report Says
Dec 26 2024 // Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the...
Losses From Crypto Hacks Jump to $2.2B in 2024, Report Says
Dec 23 2024 // Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the...
Afore Moves into Childcare Insurance Market With Block Insurance of Florida
Dec 20 2024 // Afore Insurance Services, a brokerage and broker acquisition platform based in the Atlanta area, has acquired Block Insurance in Oveido, Florida, a firm that has specialized in finding coverage for childcare providers,...
AI Focal Point of Cybersecurity Outlook for 2025, Says Experian
Dec 17 2024 // Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities. Michael Bruemmer, vice president of global data breach resolution at information services company, said...
What’s Not Changing in 2025: Homeowners Outlook, Re Retentions
Dec 16 2024 // When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for personal auto insurance—were the...
NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants
Dec 16 2024 // Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court...
Virginia Approves 12% Loss Cost Decrease for Workers’ Compensation
Dec 12 2024 // Virginia has approved a 12.0% loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025. The State Corporation Commission (SCC)...
American Integrity Appoints Jon Ritchie as President: A Visionary Step Toward Growth and Innovation in 2025
Dec 12 2024 // Pioneering Innovation, Culture, and Leadership for the Future Tampa, FL, December 12, 2024 — American Integrity Insurance Group, a leading Southeast property insurer, is proud to announce the promotion of Jon Jon...
HUB Survey: Most HNW Clients Say Insurance Is Tough to Find
Dec 12 2024 // Looking ahead, high-net-worth individuals will need to look to alternative risk-transfer solutions and take part in risk mitigation to get insurance coverage, according to brokerage Hub International. A recent HUB survey...
US Commercial Lines Prices Up About 6% Again: WTW CLIPS
Dec 11 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its...
Future Pandemic Could Cause $13.6 Trillion in Economic Losses Over 5 Years: Lloyd’s
Dec 11 2024 // Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption...
Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach
Dec 9 2024 // Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee benefits...
Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record
Dec 9 2024 // This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for the first time. The average global temperature reached 1.62C above pre-industrial...
China Aims to Boost Foreign Investment in Property Insurance Market
Dec 6 2024 // China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign...
AM Best Revises Outlook to Positive for CNA
Dec 5 2024 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the...
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November
Dec 5 2024 // Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease,...
Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast
Dec 3 2024 // With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include...
People Moves: Symphony Risk Names Tobin Director of Dedicated Cannabis Business, Symphony Grow
Dec 3 2024 // Corey Tobin Symphony Risk Solutions named Corey Tobin director of Symphony Grow, its specialty business focused on the cannabis industry. Tobin has more than 15 years of experience in the cannabis and insurance...
AM Best Revises Outlook for US Personal Lines Insurance Segment to ‘Stable’
Dec 2 2024 // AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels...
