Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report
Oct 11 2018 // Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for...
AIR: Hurricane Michael Strongest Storm to Hit Florida Panhandle on Record
Oct 10 2018 // Hurricane Michael, a Category 4 storm hitting Florida Wednesday with wind speeds of more than 150 miles per hour, is not just a major storm for the State of Florida, it is the strongest storm to hit the Florida Panhandle...
Report: California Self-Insured Workers’ Comp Claim Frequency Rose Last Year
Oct 8 2018 // Workers’ compensation claim frequency reported by California’s private self-insured employers rose last year, the first increase in a decade, according to the California Workers’ Compensation...
North Korean Hackers Tried to Steal $1.1B over 4-Year Period: FireEye Report
Oct 8 2018 // A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years,...
Driverless Ships Could Offer Significant Growth Area for London Market: IUA Survey
Oct 8 2018 // Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 percent of IUA members who...
Brexit-Related Uncertainty Begins to Hit UK Businesses: Surveys
Oct 8 2018 // Britain’s businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday. The British Chambers of Commerce...
Employees’ Share of Health Costs Continues Rising Faster Than Wages
Oct 8 2018 // Annual family premiums for employer-sponsored health insurance rose five percent to an average $19,616 this year, extending a seven-year run of moderate increases.The average single deductible now stands at $1,573 for...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit
Oct 5 2018 // After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown. Daniele Nouy, the European Central Bank’s...
Tower Hill Specialty Enters Illinois Property Insurance Market
Oct 5 2018 // Ohio-based Tower Hill Specialty is now offering property insurance in Illinois. Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products....
Fatal Car Crashes Fell 2% in 2017; 2018 Appears to Follow Trend
Oct 4 2018 // Final U.S. highway fatality numbers for 2017 are down following two consecutive years of large increases. In addition, preliminary estimates for the first six months of 2018 appear to show that this downward trend...
Credit Karma Enters Auto Insurance Market
Oct 3 2018 // Financial technology startup Credit Karma said on Tuesday it is expanding into insurance through a new service that makes it easier for users to find cheaper auto insurance policies. The tool generates suggestions by...
West Virginia Workers’ Comp Rates to Decrease Nov. 1
Oct 3 2018 // Workers’ compensation rates will soon be less expensive for businesses in West Virginia. According to West Virginia Insurance Commissioner Allan McVey, a filing for a 13 percent decrease in voluntary market loss...
Idaho Workers’ Compensation Rates to Decrease in 2019
Oct 2 2018 // The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019. The proposed rate change comes from the National Council on Compensation Insurance, and...
Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019
Oct 2 2018 // Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down from his position when Apollo Global Management completes its purchase of Aspen in...
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...
