Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s 10% Rate Increase Request
Oct 1 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
Tesla’s Debt Insurance Cost Rises After SEC Action Against CEO Musk
Oct 1 2018 // The cost to insure debt holdings in electric carmaker Tesla Inc. rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had...
Study: Texas to See More Frequent 100-Year Rain Events
Oct 1 2018 // Decades of additional weather data have led federal officials to reconsider rainfall totals in Texas that define 100-year weather events and caution that extreme rainstorms will strike the state more frequently. The...
Firms Using Connected Devices Not Worried About Increased Cyber Risk: Survey
Oct 1 2018 // Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new...
Geopolitical Tensions Cause Rise in Political Risk Losses: Willis Towers Watson Report
Oct 1 2018 // Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding a value...
A.M. Best: Positive Outlooks for Michigan’s Northern Mutual Insurance
Oct 1 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Northern Mutual...
TAIPA Files Private Passenger, Commercial Auto Rate Increases
Oct 1 2018 // The Texas Automobile Insurance Plan Association filed rate increases of 4.9 percent for private passenger auto insurance and 3.9 percent for commercial auto coverage. The proposed rate increases for new and renewal...
Report: Dozens of Texas Gas Leak Explosions Since 2006
Oct 1 2018 // More than two dozen homes in north and central Texas have blown up since 2006 along a network of pipelines operated by one of the largest natural gas companies in the U.S, leading to nine deaths and badly injuring at least...
Flooding Forecast in Some South Carolina Communities Not as Dire as First Feared
Sep 28 2018 // The last community in the way of Hurricane Florence’s floodwaters as they slowly flow to the sea got some good news Wednesday – the predictions aren’t as dire as they once were. And it appears the Waccamaw...
Most UK Firms Unprepared for EU Exit; Hard Brexit Could Bring Investment Cuts: Survey
Sep 28 2018 // Most British firms are unprepared for Brexit, but a fifth plan to move all or some of their business to the European Union in the event the U.K. fails to reach a deal with the bloc, according to one of the biggest surveys...
Toyota Eyes Future When People Don’t Buy Cars, Pushing Ride-Hailing Ties, Insurance
Sep 27 2018 // Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most...
SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh
Sep 26 2018 // Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As...
UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a...
Tennessee Drug Overdose Deaths Rise Again in 2017
Sep 26 2018 // The number of Tennessee residents who died of drug overdoses has risen more than 8 percent, setting another record in 2017. The state Health Department said 1,776 Tennesseans died from overdoses last year, the most since...
Report: Dozens of Texas Gas Leak Explosions Since 2006
Sep 25 2018 // More than two dozen homes in north and central Texas have blown up since 2006 along a network of pipelines operated by one of the largest natural gas companies in the U.S, leading to nine deaths and badly injuring at least...
Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey
Sep 25 2018 // A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated...
Geopolitical Tensions Cause Rise in Political Risk Losses: Willis Towers Watson Report
Sep 24 2018 // Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding a value...
Space Junk: Emerging Global Risk Threatens Satellite Communications – Opinion
Sep 21 2018 // Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a...
Outlooks Revised to Positive for Michigan’s Northern Mutual Insurance
Sep 18 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Northern Mutual...
Agencies Focus on Growing Larger Accounts: Channel Harvest Survey
Sep 17 2018 // Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and...
