Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Large French Companies Increasingly Are Targeted by Ransomware Attacks
Jul 12 2019 // Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, according to the French...
Future at Lloyd’s Consultation Period Ends – Now the Hard Work Begins
Jul 12 2019 // When the 10-week consultation period for “The Future at Lloyd’s” project ended this week, Lloyd’s confirmed that participation was widespread, with more than 4000 suggestions and comments received...
As Gulf Storm Bears Down, New Orleans Faced with Threat of Two-Sided Flood
Jul 10 2019 // New Orleans is under the threat of floods from two fronts as the Mississippi River could jump to its highest point in at least 90 years. The city is facing flood waters coming down the Mississippi from the U.S. Midwest...
Outlooks Revised to Stable for Wisconsin’s Badger Mutual Insurance
Jul 10 2019 // Ratings agency, 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 Badger Mutual Insurance...
Last Chance: Future-at-Lloyd’s Consultation Period Ends Today
Jul 10 2019 // Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was first announced on May 1. Chief Executive Officer John Neal at the time encouraged...
AM Best Revises Outlooks for Capacity Insurance Co. of Florida
Jul 10 2019 // AM Besthas revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Capacity Insurance Co. based in Sunrise,...
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...
