Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Malpractice Claims Against Hospitals Hold Steady But Severity Increases
Oct 16 2020 // The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health...
Catastrophe Risk Experts Estimate Up to $3B in U.S. Insured Losses from Delta
Oct 15 2020 // Two catastrophe risk and property data providers have estimated U.S. onshore insured losses from Hurricane Delta will come in at between $0.7 billion and $3 billion. Global property information, analytics and data provider...
Future Unsure for Many After Louisiana’s Back-to-Back Hurricanes
Oct 14 2020 // Michele Vincent’s home was largely intact in spite of hurricanes Laura and Delta. But tears streamed down her face as she looked at her church’s broken windows and shattered pews. “It’s hard to come...
Nearly 9 of 10 Workers Want to Maintain Option to Work from Home: Survey
Oct 14 2020 // LONDON — Nearly nine out of 10 workers want to be able to choose whether to work from home or the office once COVID-19 workplace restrictions ease, and have greater autonomy over their hours, according to research...
New Jersey Urges Vigilance as Data Breaches, Online Threats Rise During Pandemic
Oct 12 2020 // As October’s National Cybersecurity Awareness Month is underway, New Jersey Attorney General Gurbir S. Grewal warned residents of the state that data breaches, internet fraud and online threats are on the rise. With...
Iowa’s Derecho Crop Losses Increase by More Than 50%, Report Shows
Oct 12 2020 // A new report shows that crop loss estimates from a rare windstorm that slammed Iowa in August have increased by more than 50%. The U.S. Department of Agriculture said on Oct. 9 that the number of crop acres that Iowa...
AccuRisk’s Share of Texas Non-Subscriber Market to Grow with Acquisition
Oct 12 2020 // Chicago-based managing general underwriter, AccuRisk Solutions LLC, is set to acquire the renewal rights to Great American Insurance Group’s book of Texas occupational illness and injury non-subscription...
UK Financial Services Firms Become More Optimistic, Says Business Survey
Oct 9 2020 // Financial services firms in Britain turned more optimistic for the first time this year as a drop in business bottomed out, but big uncertainties remained about COVID-19 and a post-Brexit trade deal, according to a survey...
Nigerian Insurance Market Faces Challenges to Realize Its Potential: AM Best
Oct 9 2020 // Nigeria’s insurance market has great potential given its position as Africa’s largest economy, its substantial oil and gas reserves and its young and growing population. Yet Nigeria’s insurance market has...
London Company Market Grew 10% in 2019
Oct 8 2020 // Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City. A new report from the International Underwriting...
Hedge Funds Returning to Insurance as Premiums Rise
Oct 8 2020 // Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are lifting the...
EU Climate Service Says September Was World’s Warmest on Record
Oct 7 2020 // Last month was the world’s hottest September on record, with unusually high temperatures recorded off Siberia, in the Middle East, and in parts of South America and Australia, the European Union’s Copernicus...
The New Digital Normal and the Future of Work in Reinsurance
Oct 6 2020 // It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful scramble to conduct its business digitally at the onset of the...
California Workers’ Comp Premium for First Two Quarters of 2020 Down 11%
Oct 5 2020 // Written workers’ compensation premium in California for the first two quarters of 2020 was 11% below that for the first two quarters of 2019, according to a new report out. The Worker’s Compensation Insurance...
Hotel Sector Sees Tough Times, High Rates in Insurance Market
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market
Oct 1 2020 // White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate...
Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey
Sep 30 2020 // Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among...
Worker’s Compensation Rates to Decrease in Idaho for 2021
Sep 29 2020 // A proposal for a 1.7% overall rate decrease to Idaho workers’ compensation insurance, effective Jan. 1, 2021, has been approved by the Idaho Department of Insurance. The proposed rate change is recommended by the...
Executives Reassess Work-Life Balance After Experiencing Coronavirus Blues: Survey
Sep 29 2020 // Nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to re-evaluate and improve work-life balance, a survey showed on Monday. Many top...
California Ban on Fracking by 2024 Criticized as Too Late
Sep 28 2020 // California Gov. Gavin Newsom moved Wednesday to end issuing new hydraulic fracturing permits by 2024, a delay criticized by many environmental groups but characterized as legally and politically realistic by...
