Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Agency Growth Secrets: To Build Your Sales Team, Grow Your Agency and Change Your World
Nov 4 2019 // Many agencies have a growth rate of 1% to 3%. They have an aging producer force, no systems to drive growth and no way out but to sell to an aggregator. In most cases, they have tried to hire new producers and have failed....
Survey Shows Gaps in Building Codes Put Texas Coastal Residents at Risk
Nov 4 2019 // More than 7 million Texans live in Texas coastal areas that are vulnerable to hurricanes, according to an insurance industry-backed research and communications organization. A survey of cities and counties along the Texas...
Regulator Orders Decrease to Proposed Fla. Workers’ Comp Rates
Nov 4 2019 // Florida businesses can expect an even greater decrease in workers’ compensation insurance next year, thanks to an order by the state regulator for a further decrease to the recent rate filing proposed by the National...
Online Shopping Site EverQuote Adds Commercial Insurance Markets
Nov 1 2019 // Massachusetts-based online personal insurance marketplace EverQuote has launched a commercial lines marketplace in a new partnership with the technology platform provider Bold Penguin. EverQuote said it will use Bold...
Issuer Credit Outlook Revised to Positive for Upland Mutual Insurance in Kansas
Oct 31 2019 // Ratings agency AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of...
U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis
Oct 31 2019 // The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the...
Regulator Orders Further Decrease to Proposed Florida Workers’ Comp Rates
Oct 25 2019 // Florida businesses can expect an even greater decrease in workers’ compensation insurance next year, thanks to an order by the state regulator for a further decrease to the recent rate filing proposed by the National...
Massachusetts’ Risk Strategies Appoints Dubraski as Chief Growth Officer
Oct 24 2019 // Risk Strategies, a Boston, Mass.-headquartered, privately held insurance brokerage and risk management firm, has appointed its National Health Care Practice leader, Bob Dubraski, as chief growth officer. In his expanded...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Last Chance to Participate in Insurance Journal’s Agency E&O Survey
Oct 23 2019 // Today is the final day to participate in Insurance Journal’s exclusive 2019 Agency Errors & Omissions Survey. All participants will receive a copy of the survey’s report published in Insurance Journal...
IBHS Survey Highlights Building Code Gaps in Texas Coastal Counties
Oct 21 2019 // A detailed review of coastal Texas building codes revealed gaps that could leave homeowners at risk if mitigation efforts are not sought as nearly one-third of Texans live in the coastal counties. The Insurance Institute...
Texas Surplus Lines Premium Up Again
Oct 21 2019 // Texas surplus lines premium reported through the first three quarters of 2019 reached $5.35 billion, a 16.15% increase over the same period in 2018, according to the Surplus Line Stamping Office of Texas...
Merger & Acquisition (M&A) Trends Continue
Oct 21 2019 // There is no end in sight. How can our insurance industry keep the incredible pace of high-valued acquisitions happening? It feels like the tide needs to change, but yet the M&A national and regional brokerage firms and...
Agency E&O Survey: Deadline to Participate Approaching
Oct 18 2019 // Why do agencies purchase agency E&O coverage? Are premiums trending up, down or staying the same? What restrictions are agencies seeing in their E&O coverage? These questions and more are part of Insurance...
On-Demand Insurance to Play Major Role in Industry’s Future: IUA Research
Oct 18 2019 // On-demand insurance will play a fundamental role in the future of the industry, according to research published by the International Underwriting Association (IUA). Pay-as-you go models of cover will allow customers to...
Verifly, Now Thimble, Raises $22M to Fuel On-Demand Insurance Growth
Oct 16 2019 // Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing investors Slow Ventures,...
Private Flood Insurance Growth Could be Boon for Claims Professionals
Oct 16 2019 // A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims process along the way. An...
Workers’ Compensation Rates in Delaware Decrease for Third Year in a Row
Oct 15 2019 // Delaware is set to see a decrease in workers’ compensation insurance rates for the third year in a row, effective December 1, 2019. “I am delighted to approve a decrease in workers’ compensation rates in...
Auto Insurance Customer Loyalty Is Declining. Here’s Why.
Oct 15 2019 // Last year more than $6 billion in advertising was pumped into the marketplace to encourage consumers to shop and switch their auto insurance providers. Everywhere consumers look, they are being hit with insurance ads –...
MS Amlin Exits Aviation Insurance Market
Oct 14 2019 // MS Amlin, the London-based re/insurer and subsidiary of MS&AD, confirms its exit from the aviation insurance market, effective from Oct. 14 when it will cease underwriting aviation insurance renewals or new...
