Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Slick Sidewalks, Protective Pets Among Injury Trends for Amazon Delivery Partners in Colorado
Dec 7 2020 // Coloradans like residents of other states have seen an increase in delivery vehicles as many households shifted to ordering more online amid the pandemice. Colorado workers’ compensation insurer Pinnacol Assurance...
Momentum Is Building for Pre-Flight COVID-19 Airport Testing
Dec 4 2020 // Even as the race to approve and distribute COVID-19 vaccines is entering its final stretch, parts of the travel industry are sprinting to a different finish line: airport testing. In hubs large and small, from JFK to...
Workers’ Comp Loss Cost Decrease of 9.2% Approved in Tennessee
Dec 3 2020 // Workers’ compensation rates in Tennessee are expected to decrease next year after a 9.2% overall loss cost decrease was approved. Tennessee Department of Commerce & Insurance Commissioner Carter Lawrence approved...
Outlooks Revised to Positive for Bremen Farmers Mutual Insurance in Kansas
Dec 1 2020 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of Bremen Farmers Mutual...
An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors
Dec 1 2020 // On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered off the runway after landing, sparking an investigation by the country’s transport safety...
D.C. Postpones All P/C Insurance Rate Increases During COVID Crisis
Dec 1 2020 // The Washington D.C. Department of Insurance, Securities and Banking (DISB) issued a new insurance bulletin to notify all property and casualty insurers that for the duration of the coronavirus pandemic, all filed rate...
No Increase in Average Washington Workers’ Comp in 2021
Nov 30 2020 // For the first time in two decades, Washington workers’ compensation rates have dropped or stayed steady for four years in a row. The state Department of Labor & Industries on Monday announced there will be no...
PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable
Nov 25 2020 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PrimeOne Insurance Co. in Salt Lake City,...
Minnesota Fraud Bureau: Insurance Fraud Referrals Up in 2019 but not for Agents
Nov 24 2020 // While Minnesota insurance regulators saw an uptick in the number of fraud case referrals during 2019, agent and broker fraud referrals were down significantly that year, the most recent for which insurance fraud statistics...
What Congress Should Do, or Not Do, to Rescue Businesses in Future Pandemics
Nov 20 2020 // Congress is weighing whether insurers and government can together “bend pandemic risk curves” for future events or simply replace some of the economic losses of businesses, putting them “into induced...
Kentucky AGC Self-Insurers’ Fund to Return $18.5M In Dividends, Decrease Rates
Nov 20 2020 // The Kentucky Associated General Contractors Self-Insurers’ Fund, a workers’ compensation insurance provider in the state of Kentucky, will return more than $18.5 million, including special fund tax...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2
Nov 19 2020 // Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by...
Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal
Nov 19 2020 // After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking across the Atlantic with its biggest deal yet. Intact sealed an agreement Wednesday to...
S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade
Nov 18 2020 // The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the percentage of...
Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?
Nov 17 2020 // As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently...
Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020
Nov 17 2020 // The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information...
Zeta’s Total Onshore U.S. Insured Losses Could Rise to $5B: RMS
Nov 16 2020 // Catastrophe risk modeler RMS has estimated that insured losses from Hurricane Zeta could rise to as high as $5 billion in the U.S. That figure is slightly higher than estimates announced earlier by catastrophe modelers AIR...
Aon Invests $30 Million to Create 10,000 Apprenticeships Nationwide by 2030
Nov 12 2020 // Global insurance broker Aon said it is expanding its corporate apprenticeship program with an investment of $30 million over the next five years. With this expansion, Aon hopes to develop a nationwide network of employers...
Zurich Insurance Reports Sales Growth, Higher Rates, Modest COVID-19 Claims
Nov 12 2020 // Zurich Insurance Group saw increased commercial lines insurance sales and a modest impact from COVID-19 related claims for the first nine months of the year, according to its third quarter report. Growth was supported by...
Florida Regulator Calls for Further Workers’ Comp Rate Decrease
Nov 10 2020 // Florida’s insurance regulator has called for a further decrease to proposed workers’ compensation insurance rates in response to a filing by the National Council on Compensation Insurance (NCCI). In an order...
