Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market
Sep 21 2020 // Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price...
Welcome to Insurance Journal’s annual Top 20 Agency Partnerships report. This report is ranked by total property/casualty revenue for 2019.
Sep 21 2020 // Today’s Agency Partnerships are numerous and offer value and benefits to their members, including independence, growth opportunities, access to markets, profit sharing, perpetuation planning, relationships,...
Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year
Sep 18 2020 // The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with...
Using Building Codes and Property Characteristics to Keep up With 2020 Hurricane Season
Sep 18 2020 // This post is part of a series sponsored by CoreLogic. Though the COVID-19 pandemic is occupying most of our attention at the moment, hurricane season has begun and natural catastrophes never take a holiday. Forecasts for...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
Sep 17 2020 // The top emerging litigation risk identified for the year ahead is PFAS, the so-called “forever chemicals” used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting foam and...
Floridians Concerned About Disaster Recovery, Hurricane Deductibles: Survey
Sep 17 2020 // As Hurricane Sally bears down on the Gulf Coast, a new survey is highlighting the concerns many Florida residents have about the impact of catastrophic storms on their communities and everyday lives, as well as if they are...
Casualty Reinsurance Demand Rises in N. America Despite Hardening Primary Rates
Sep 16 2020 // Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice president, Casualty...
Study Tracks Post-Reform Trends in California Workers’ Comp Medical Service
Sep 15 2020 // The average number of visits for evaluation and management and physical medicine services in the California workers’ compensation system has continued to edge down since the enactment of the sweeping reform law SB...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates. The good news for companies,...
ESG Industry Booms but Investors Worry Risks Are Piling Up
Sep 10 2020 // LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J. Safra Sarasin, as demand surges for...
With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing
Sep 10 2020 // Prime Minister Boris Johnson announced new restrictions on social gatherings in England on Wednesday, saying there was a clear need to act after a spike in COVID-19 infections. Speaking at a televised news conference,...
American Impressionist Painting Missing Since 1995 Turns Up at Museum Exhibit
Sep 9 2020 // A painting by American artist Robert Spencer, missing since 1995, was recovered after a Pennsylvania art museum included it in an exhibit. Christopher A. Marinello, owner of Art Recovery International, said one of his...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market
Sep 9 2020 // Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price...
South Carolina Sues Entities Behind ‘Mount Trashmore’ for $5M in Clean Up Costs
Sep 8 2020 // South Carolina sued the owner of a site where a massive pile of trash burned and smoldered for months, demanding $5 million to pay back what the state spent to put out the fire and clean up the site. Able Contracting Inc....
Changing How We Recruit — The Future of Insurance Post COVID-19
Sep 7 2020 // Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a...
The Rising Risk of Inland Flooding
Sep 7 2020 // Not Only in FEMA Zones, Not Only During Hurricane Season Major companies across the U.S. are increasingly recognizing the risk for inland flooding and with good reason. As recent hurricanes like Harvey and Florence made...
What Does the Future of the Agency System Look Like?
Sep 7 2020 // The demise of the independent agent has been predicted ad nauseam, however arguably the most hotly debated version came from a 2013 McKinsey report with a section entitled “The End of an Era for the Local Insurance...
Cyber Attacks Are Seen Pushing Up Risk Premiums for Stocks
Sep 4 2020 // U.S. equity investors are demanding higher risk premiums to compensate for rising cyber threats as the coronavirus pandemic pushes more businesses to move online. That’s according to researchers at Michigan State...
Florida Workers’ Comp Rates Going Down, Again
Sep 4 2020 // The downward trend for Florida workers’ compensation rates is set to continue next year thanks to favorable loss experiences from policy years 2017 and 2018. The latest filing from the National Council on...
Despite Pandemic, Derecho, Midwest Economy Improves, Survey Finds
Sep 2 2020 // The rural economy in Middle America showed improvement in August, despite the effects of a global pandemic and a rare devastating windstorm earlier in the month, according to a monthly survey of nine Midwest and Plains...
