Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
India’s Future Group to Sell Stake in Insurance Joint Venture with Generali
Apr 13 2020 // India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is...
Texas Surplus Lines Filings Up 14.5% in Q1 2020 Compared with Q1 2019
Apr 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines insurance premium recorded for the first quarter of 2020 is up 14.5% compare with the same period last year. Additionally, the Q1 2020...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh
Apr 6 2020 // The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing...
P/C Insurance Outlook Looks Challenging, Uncertain: Fitch Ratings
Apr 6 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
The Longer Coronavirus Crisis Lasts, the More Uncertain Is P/C Insurance Outlook
Mar 30 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
AM Best: Outlooks Negative for Wisconsin’s McMillan Warner Mutual Insurance
Mar 27 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of McMillan Warner Mutual Insurance Co. (MWM) in...
Favorable Flood Forecast Offers Relief to Parts of Minnesota
Mar 26 2020 // While leaders in Fargo and Moorhead, Minnesota, have been taking steps to limit the coronavirus, it appears they won’t have to deal with a significant flood on top of the pandemic. Fargo Mayor Tim Mahoney tells KFGO...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh
Mar 26 2020 // The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing...
Pandemic Hampers World’s Weather Forecasts with Halting of Commercial Flights
Mar 26 2020 // The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in part on data collected from planes. That means a crucial eye in the sky has...
Massachusetts Contractor to Pay for Clean-Up Costs Following Chemical Explosion
Mar 26 2020 // A Sutton, Mass.-based contractor has agreed to pay $120,000 to reimburse the state for the cost of responding to a 2017 explosion and fire of a backyard shed at a Shrewsbury residential property, Massachusetts Attorney...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact
Mar 24 2020 // Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable. The sector outlook revision reflects increased concerns over the COVID-19 disruption and...
Liability Insurers Report Rise in Claims Against Architects and Engineers
Mar 24 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a...
Fitch Revises Global Reinsurance Sector Outlook to Negative; Rating Outlook Stable
Mar 23 2020 // Fitch Ratings announced a dimmer “sector outlook” for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch offer two types of...
FTP of California Continues Growth Trend with Expanded Limit Exclusive Property Program
Mar 20 2020 // San Diego, CA, March 19, 2020 – FTP of California, LLC, announced today a new property program with high limits and extreme flexibility in risk coverage. The exclusive program is backed by A.M. Best ‘A’ rated...
Spring Forecast: 65% Chance of No El Niño or La Niña
Mar 18 2020 // There is about a 65% chance that neutral weather conditions will prevail in the Northern Hemisphere this spring with no El Niño or La Niña, up from 60% last month, a U.S. government weather forecaster said March 12. The...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
Report: Testers in California Logged 2.8M Autonomous Miles Last Year
Mar 17 2020 // Each year technology’s promise of having autonomous vehicles ruling the roads seems to be a bit more fleeting, or at least a bit further off, but that hasn’t stalled the efforts of would-be makers of...
Innovation, Economic Growth Depend on Taking Risks, Tolerating Failure: Viewpoint
Mar 17 2020 // While concerns loom over an impending recession caused by the spread of COVID-19, policymakers and business leaders have implemented radical strategies, such as slashing interest rates to invigorate the country’s...
VW Launches Software It Hopes Will Make Car Accidents Obsolete by 2050
Mar 13 2020 // Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday. Next generation cars will be equipped with...
Return-to-Work Rates on the Rise in Texas Workers’ Comp System: Report
Mar 12 2020 // The return-to-work (RTW) rate for employees in the Texas workers’ compensation system who received temporary income benefits (TIBs) for their injuries increased by 5% over the decade from 2007 to 2017. That’s...
