Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
SLTX: Texas E&S Premium Up 14.3% in 2019
Jan 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion. The past...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube
Jan 9 2020 // The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week...
North Carolina Insurers Settle for 4% Rate Increase on Dwelling Policies
Jan 7 2020 // The North Carolina Department of Insurance and the North Carolina Rate Bureau (NCRB) have reached a settlement for an average 4% increase on a proposal to increase dwelling insurance rates. A hearing on the proposal...
U.K. Financial Services Firms Pay Record Taxes with Future Prospects Clouded by Brexit
Jan 7 2020 // Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in funding the state at a time when its future prospects have been clouded by Brexit. The 75.5...
Report: Impaired Driving Arrests Increased in Minnesota in 2019
Jan 7 2020 // The number of people in Minnesota arrested for driving while impaired grew by nearly 5% last year, partly due to people driving with cannabis, opioids and methamphetamine in their system, according to a state...
Arkansas Report: $28M Worth of Medical Cannabis Sold in First Legal Year
Jan 6 2020 // Arkansas dispensaries sold about $28 million worth of medical marijuana in the first calendar year of legal sales in the state, according to a state agency. More than 4,200 pounds (1905 kilograms) of marijuana was bought...
Insurance Market Shrinking as Senior Living Industry Grows
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
2020 Predictions from Cannabis Industry Experts: More Insurance Business
Jan 2 2020 // More legalization in more states. More product liability risks. More regulations. More M&A. More of many things is what insurance professionals involved in the cannabis industry can expect in 2020. Insurance Journal...
Indonesia Hit by Worst Flooding Since 2013, with Death Toll Rising
Jan 2 2020 // Indonesian authorities re-opened the Halim Perdanakusuma airport in Jakarta for limited operations, as the death toll rises from the city’s worst flooding in almost seven years. At least 16 people have died from the...
Climate Forecast for 2020s Is Warmer, Stormier and More Extreme: Opinion
Dec 31 2019 // Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global warming and extreme events — heat waves, hurricanes, floods, droughts and wildfires. There has...
Wyoming Workplace Deaths Last Year Were Below Long-Term Trend
Dec 27 2019 // Thirty-one people died on the job in Wyoming in 2018, a rate slightly below average. Wyoming has averaged 33 workplace fatalities each year in data going back to 1992, according to the Wyoming Department of Workforce...
Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$798M: PERILS
Dec 27 2019 // The fourth and final insured property loss estimate for the hailstorms that hit the greater Sydney region in December 2018 rose to A$798 million ($553.2 million), according to PERILS, the independent Zurich-based...
$584B at Risk From Cat Events in 2020: University of Cambridge Study
Dec 27 2019 // Providing an annual update of its study of the impact of catastrophic events on global GDP, researchers from the University of Cambridge find that roughly $584 billion could be wiped from the global economy from such...
Tennessee Approves 7% Decrease for Workers’ Comp Rates
Dec 23 2019 // Workers’ compensation rates in Tennessee will go down again next year, marking the seventh consecutive year of decreases, according to the Tennessee Department of Commerce and Insurance. Commissioner Hodgen Mainda...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re
Dec 20 2019 // Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual average (US$75 billion) of the previous 10 years, according to preliminary sigma estimates from Swiss Re...
Outlooks for Safeway Insurance Group Members Revised to Stable
Dec 19 2019 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of the members of Safeway Insurance Group...
Report: California Worker’s Comp Written Premium Decreases Escalated in 2019
Dec 18 2019 // Premium decreases in California workers’ compensation may have escalated in 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California on Wednesday released its quarterly...
Jefferson City Tornado-Related Insurance Claims Rise to More than $170M
Dec 16 2019 // State insurance officials say Jefferson City, Missouri, residents made more than $170 million in insurance claims after a tornado hit the city on May 22. Missouri Department of Insurance data shows insurers paid out more...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 16 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
