Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma
Jun 18 2020 // Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
Appeals Court Strikes Down Trump TV Ad Drug Price Rule
Jun 17 2020 // A U.S. appeals court on Tuesday upheld a ruling that struck down a Trump administration rule that required pharmaceutical companies to include the wholesale prices of their drugs in television advertisements. The U.S....
China Pacific Insurance Co.’s Shares Rise on $1.8 Billion London Market Debut
Jun 17 2020 // Shares in China Pacific Insurance Co. (CPIC) rose on their London debut on Wednesday after the company completed the largest fund raising on the London Stock Exchange in three years, sparking hopes of a revival in the...
California Workers’ Comp Direct Written Premium Continued to Fall Last Year, Report Shows
Jun 16 2020 // California workers’ compensation total direct written premium continued to decline in 2019, falling 7.0% to a five-year low of $11.42 billion, as nine out of the state’s 10 largest insurer groups wrote less...
Companies Press Insurance Brokers for Workarounds to Rising D&O Costs
Jun 15 2020 // When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.’s board from shareholder lawsuits, it got Skip McBride’s attention. To McBride, who used to manage law firm Bracewell...
Survey: Florida Residents More Concerned for Hurricane Season Amid Pandemic
Jun 15 2020 // Florida has officially started hurricane season and a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues...
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re
Jun 12 2020 // Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the...
Insuretech Noblr Enters Louisiana Auto Insurance Market
Jun 12 2020 // Behavior-based auto insurance from Noblr is now available in Louisiana, the company said. The company provides an app-powered, personalized car insurance experience that rewards members’ good driving behaviors with...
Texas Surplus Lines Premium Amount Increases Again in May
Jun 12 2020 // The amount of surplus lines premium reported in Texas in May 2020 was nearly $100 million higher than reported in the same month last year, according to the Surplus Lines Stamping Office of Texas (SLTX). In May 2020,...
How Coronavirus Could Further Stress an Already-Stressed D&O Insurance Market
Jun 12 2020 // Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to...
Coronavirus Survey Last Call: How Have the Pandemic and Lockdowns Affected You?
Jun 11 2020 // No matter where you work in the property/casualty insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to...
Tornado Numbers Down in Oklahoma in 2020, So Far
Jun 11 2020 // Following a record-setting year for the number of tornadoes in Oklahoma, the state has seen fewer thus far in 2020, according to state climatologist Gary McManus. There were 33 twisters during the first five months of this...
Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market
Jun 10 2020 // Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships. On top of the $300 million raised by the company in February, Fidelis has now secured $800...
Most in Sturgis Want Delayed Rally Due to COVID-19, Survey Finds
Jun 9 2020 // A survey by the Sturgis City Council found that most locals want the 80th Annual Sturgis Motorcycle Rally postponed due to the coronavirus. The Rapid City Journal reports the city mailed 3,290 surveys to resident addresses...
Insurance Survey: Industry’s Pandemic Response, Readiness for Travel, Changes Ahead
Jun 5 2020 // No matter where you work in the property/casualty insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to...
Florida Traffic Crashes Down by Half Amid Quarantine
Jun 4 2020 // The number of traffic crashes in Florida dropped by 50% in April compared to the same time last year, according to highway officials. With residents holed up at home, working remotely and running fewer errands, rush hour...
Wisconsin Wages, Income Should Rebound in 2021, Revenue Report Says
Jun 4 2020 // Wisconsin’s income levels and wages should rebound next year after the coronavirus pandemic crippled the state’s economy, according to a report released by Gov. Tony Evers’ administration. The analysis...
Midwest Business Leaders Optimistic Despite Coronavirus: Survey
Jun 4 2020 // Business leaders are optimistic the economy will begin to recover later this year in a nine-state region of the Midwest and Plains despite the ongoing impact of the coronavirus outbreak, according to a monthly survey...
