Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
U.S. Tornadoes, Hail and Winds Reach Highest Levels Since 2011: Aon Report
Jun 10 2019 // The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon’s monthly Global Catastrophe Recap report. According to the...
Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest Survey
Jun 7 2019 // Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue to...
Insured Loss Estimate for European Storm Dragi-Eberhard Rises to €798M ($898.1M)
Jun 7 2019 // PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by...
Auto, Homeowner Claims from Severe Midwest Weather Add Up for State Farm
Jun 5 2019 // State Farm said last week it had received over 6,000 homeowner claims and more than 5,000 auto claims related to severe weather that pummeled the Midwest on May 27 and 28. The company reported around 6,110 total homeowner...
Economy in Midwest Still Expanding but Survey Suggests Slowdown
Jun 4 2019 // Tariffs and flooding have slowed economic growth in nine Midwest and Plains states, according to a report on a survey of business supply managers. The Mid-America Business Conditions Index dropped to 54.3 in May from 55.9...
World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion
Jun 4 2019 // An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of potential good news is...
AM Best Revises Greenlight Capital Re’s Outlooks to Negative
Jun 3 2019 // AM Besthas revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a-” of Greenlight Reinsurance, Ltd....
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
Jun 3 2019 // By Stephanie K. Jones Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was...
Lawyers Professional Liability Insurance Claims Grow in Severity, Complexity, Cost
May 31 2019 // The number of legal malpractice claims resulting in larger multimillion dollar payouts – as well as the dollar amounts involved – has surged in the past year, with at least two settlements exceeding $250...
Aon to Grow Partnership with CoverWallet for Small-Medium Business Market
May 31 2019 // Global insurance broker Aon is partnering with digital insurance platform CoverWallet to serve clients in Australia. The parties also said they are in the process of expanding this partnership to additional geographies,...
Remembering Chernobyl As Nuclear Industry Seeks Role in Future of Sustainable Energy
May 30 2019 // A television series about the world’s worst nuclear accident is refocusing millions of viewers on atomic risks just as the industry struggles to gain traction in markets flooded with renewable power. Home Box Office...
Increasing Physician Prices Doesn’t Produce Better Results for Injured Workers
May 29 2019 // When the price of physician services increases relative to group health rates, injured workers report fewer problems getting the care they want but no significant improvement in physical function or speedier return to...
AAA Survey: Floridians Concerned for Upcoming Hurricane Season
May 29 2019 // Floridians are becoming more concerned about hurricane season, after enduring four major storms in the past three years, including a category five last year, according to a survey from AAA. The AAA survey, conducted online...
PIIB in California Names Bertolini Future President and CEO
May 28 2019 // El Dorado Hills, Calif.-based Pacific Interstate Insurance Brokers has named Tiffany Bertolini the future president of the firm. Current President and CEO Larry Manning will be retiring from his current duties on Dec. 31,...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
May 28 2019 // Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on...
Issuer Credit Rating Outlook Revised to Stable for Church Mutual Insurance Group
May 28 2019 // AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of...
As Many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
May 24 2019 // As many as 8 hurricanes may form in the Atlantic in 2019, a “near normal” season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to 15 named...
Cost of Flood-Prone Home Buyouts in Missouri, Elsewhere: $5B and Rising
May 23 2019 // The residents of the small riverside town of Mosby, Missouri, have become accustomed to watching floods swamp their streets, transform their homes into islands and ruin their floors and furniture. Elmer Sullivan has...
North Carolina Insurance Fraud Round-Up: April
May 22 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of April 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
UK Companies Fed Up with Politicians as Cost of Brexit Uncertainty Mounts
May 20 2019 // As the cost of the Brexit turmoil mounts for British companies, business leaders are fed up with the U.K.’s political class. And with Prime Minister Theresa May’s tenure coming to an end, they worry about the...
