Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise
Jul 9 2019 // Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past two months ratcheted up tensions and highlighted the growing risks of...
Roman Catholic Archdiocese of New York Sues Insurers Over Future Abuse Claims
Jul 8 2019 // The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies, seeking to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that...
Survey: Midwest Economic Growth Likely to Continue
Jul 3 2019 // The economy in nine Midwestern and Plains states was hampered in part by tariffs and flooding last month, but it should continue to grow over the next three to six months, according to a report released on July 1. The...
Commentary: Surplus Lines Support Florida’s Vibrant Insurance Market
Jul 3 2019 // The Sunshine State is one of the top three consumers of surplus lines insurance in the country. As Florida focuses on attracting jobs and welcoming opportunity, the surplus lines insurance industry is helping the...
Zurich Commits to UN Climate Change Targets, to Using only Renewable Energy by 2022
Jul 1 2019 // Zurich Insurance Group announced it is accelerating actions to progress towards a low-carbon economy “amid an increasing climate crisis.” Its actions range from committing to UN targets for global temperature...
Chemours Suit Claims DuPont’s Clean-Up Liability Estimates ‘Spectacularly Wrong’
Jul 1 2019 // Chemours Co. claims its former parent DuPont Inc.’s estimates on liabilities the spun-off company should cover were “spectacularly wrong” and wants a judge to block the chemical maker’s requests for...
Anxiety, Policy Limits Rising Ahead of California’s Sweeping Data Privacy Law
Jul 1 2019 // Robert L. Wallan’s clients are keeping him quite busy as they fret about the implementation next year of the nation’s most far-reaching data privacy law, which gives California consumers more control over their...
Auto Insurance Rates Going Down in Louisiana
Jul 1 2019 // Two more carriers are planning to lower their auto insurance rates in Louisiana, the state’s insurance department reported in June. Both Progressive Security Insurance Co. and Louisiana Farm Bureau have filed to...
Top Writers of Earthquake Insurance by 2018 Premium Written
Jul 1 2019 // Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization....
Online Marketplace EverQuote Enters Health and Renters Insurance Markets
Jun 27 2019 // One year after its initial public offering raised $84 million, online insurance marketplace EverQuote announced it is expanding into health insurance and renters insurance, building on its existing auto, home and life...
U.S. P/C Insurers’ Net Income Increased 69% in 2018: A.M. Best
Jun 27 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
New Federal Study Contradicts Owner’s Claims About Years-Long Gulf Oil Spill
Jun 26 2019 // A new federally led study of oil seeping from a platform toppled off Louisiana’s coast 141/2 years ago found releases lower than other recent estimates, but contradicts the well owner’s assertions about the...
Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks
Jun 26 2019 // A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product...
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Jun 26 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
North Carolina Insurance Fraud Round-Up: May
Jun 21 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of May 2019. Insurance fraud costs American consumers approximately $80 billion a year. According to North Carolina...
Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy
Jun 20 2019 // Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan, and John Haley at Willis Towers Watson — to sit on advisory committees that...
Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$766M: PERILS
Jun 20 2019 // Insured losses for the hailstorms, which hit the greater Sydney region on Dec. 20, 2018, have risen to A$766 million (US$526.6 million), according to PERILS, in its third loss estimate for the storms. PERILS, the...
Florida’s Citizens Revises 2019 Rate Filing; Will Request 2.3% Statewide Rate Increase
Jun 20 2019 // Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit...
The Lowdown: 2019 Private Flood Insurance Report
Jun 19 2019 // The big day is coming! I suspect by now, you’ve heard a great deal about the implementation of provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, requiring regulated institutions to accept certain...
Greenhouse Gas Emissions Must Be Halved by 2030 to Avoid 3C Warming: Scientists
Jun 19 2019 // Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are fully implemented,...
