Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Zero Fire Deaths in 2020 in Savannah, Georgia for First Time in a Decade
Jan 12 2021 // Authorities in Georgia’s oldest city say they saw no deaths from fires in 2020, the first time that’s happened in a decade. The Savannah Fire Department said in a news release it responded to 920 fires last...
Rates, Retentions Up in Employment Practices Liability Market: Report
Jan 11 2021 // In its annual survey of the employment practices liability insurance (EPLI) market, The Betterley Report found that rates are continuing their trend upward, in part because commercial rates in general are on the rise but...
Midwest Economy Improving but Businesses Less Optimistic, Survey Finds
Jan 8 2021 // The economy continues improving in nine Midwest and Plains states but business leaders are less optimistic after the latest surge in coronavirus cases in the region, according to a new monthly survey released on Jan....
COVID Lawsuits by State and Key Trends in Workplace Litigation for 2021: Seyfarth
Jan 7 2021 // The coronavirus pandemic contributed to a spike in workplace lawsuits in 2020 and the number is only expected to grow in 2021, according to legal experts. At the same time, the incoming Biden Administration is expected to...
Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re
Jan 4 2021 // Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago. The 737 MAX...
Texas Surplus Lines Stamping Office: Fee Decreases on Jan. 1, 2021
Dec 23 2020 // The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021. The...
Workplace Fatalities Increased By 25% in Texas in 2019
Dec 22 2020 // The number of work-related fatalities in Texas rose by 25% in 2019. A report on fatal occupational injuries in 2019 released by the Texas Department of Insurance, Division of Workers’ Compensation (DWC) shows there...
California COVID-19 Workers’ Comp Claim Volume Trending up Again
Dec 22 2020 // California workers’ comp COVID-19 monthly claim volume, which fell sharply in August and September, is now trending up again, climbing 9.0% in October, then more than doubling in November, according to a California...
