Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Commissioner Navarro Responds to Report of Premium Increases for Military Members
Feb 14 2020 // Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the...
Report: Death Toll in 2018 California Wildfire Likely Includes 50 More People
Feb 13 2020 // Doctors and other experts say at least 50 more people, many of them elderly or ill, likely died as a result of the 2018 wildfire that devastated the town of Paradise, California, but were not counted in the official death...
Report: 2019 Was 7th Year in Last Decade with 10 or More Disasters of $1B-Plus
Feb 12 2020 // Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S....
Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P
Feb 12 2020 // The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest...
Iowa’s LMC Insurance & Risk Management Teams Up with AssuredPartners
Feb 10 2020 // LMC Insurance & Risk Management, headquartered in West De Moines, Iowa, has joined Florida-based AssuredPartners Inc.’s national broker team. LMC’s operations consist of 290 dedicated employees who will...
Hiring Momentum May Be Slowing Overall But Not in Insurance
Feb 10 2020 // There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a new survey showed, the latest suggestion that the labor market has likely peaked...
Chubb Closes Out 2019 with Strongest Growth in Years
Feb 6 2020 // Chubb has plenty to celebrate about its 2019 fourth quarter. The global insurer enjoyed a large jump in net income due mostly to rate hikes and property/casualty underwriting gains. Chubb’s catastrophe losses also...
Report: Florida Will See Noticeable Climate Change Impacts in 20 Years
Feb 6 2020 // When scientists talk about climate change effects like sea level rise and extreme temperatures, they’re typically referring to things predicted to start noticeably occurring as soon as, say 2050, or into the next...
North Dakota Official: Work Injury Claims Could Rise with Recreational Pot
Feb 6 2020 // North Dakota could see a rise in workers’ compensation claims if marijuana is legalized, the state’s workplace safety agency told lawmakers on Feb. 4. Jodi Bjornson, a lawyer for North Dakota Workforce Safety...
Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules
Feb 5 2020 // A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the...
Last Chance to Participate in the 2020 Agency Salary Survey
Feb 5 2020 // Would you like to know where agency salaries and total compensation ranks today? Find out by completing this year’s exclusive Agency Salary Survey. The deadline to participate in the 2020 Agency Salary Survey is...
Outlooks Revised to Negative for Amerisure Mutual Insurance, Affiliates
Feb 5 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Co.(Amerisure...
California Leads Nation in Surplus Lines Premiums on 5th Year of Record Growth
Feb 4 2020 // Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line...
Berkley CEO Warns Against Overreaction to Workers’ Comp Rate Declines
Feb 4 2020 // While the market is hardening and rates are increasing for nearly every commercial insurance line, workers’ compensation remains stubbornly soft. That reality is something that W.R. Berkley’s CEO flagged...
2019 Natural Hazard Report Highlights Long Tail of Financial Recovery
Feb 4 2020 // This post is part of a series sponsored by CoreLogic. Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and...
Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know
Feb 3 2020 // The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down...
W.R. Berkley Reports Underwriting Income Up, Catastrophe Losses Down
Jan 31 2020 // W.R. Berkley Corp. reported that its gross premiums written grew by more than 10 percent in the 2019 fourth quarter, thanks in part to accelerated rate increases. But net income dipped compared to the same period a year...
Outlooks Revised to Negative for Michigan’s Amerisure Mutual Insurance, Affiliates
Jan 30 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Co. (Amerisure...
With Premiums Up Due to Accidents, Chemical, Refinery Plants Cut Back on Insurance
Jan 30 2020 // U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for...
