Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
California’s Five Largest Counties Forecast Looser Virus Rules
Mar 11 2021 // Three of the five largest counties in California could reopen as early as this weekend for indoor dining, movie theaters and gyms at limited capacity under a new metric aimed at getting more shots to those most...
What Stakeholders Are Saying About the Florida Insurance Market
Mar 11 2021 // Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address what has been deemed a market crisis. Read on for what everyone from the...
Indiana Says Medical Malpractice Surcharge Rates to Decrease in July
Mar 10 2021 // The surcharge rates for healthcare providers electing to be qualified under Indiana’s Medical Malpractice Act will go down in July, the Indiana Department of Insurance has announced. The department outlined the rate...
Workers’ Compensation Remained Outlier as Commercial Prices Continued Rising in Q4
Mar 9 2021 // U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020. Again, except for workers’ compensation. According to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey...
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...
