Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
2014 Napa Quake Could be Linked to Groundwater Changes, Study Shows
Jun 15 2018 // Research suggests the magnitude 6.0 earthquake that rocked California wine country in 2014 may have been caused by an expansion of Earth’s crust because of seasonally receding groundwater under the Napa and Sonoma...
Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN
Jun 15 2018 // Global warming is on course to exceed the most stringent goal set in the Paris agreement by around 2040, threatening economic growth, according to a draft report that is the U.N.’s starkest warning yet of the risks...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Employers Waking Up to Costs of Employees Falling Asleep on the Job
Jun 14 2018 // An employer with 1,000 employees can expect to lose more than $1 million each year in missed workdays, lower productivity and increased healthcare due to employee fatigue, according to a new survey. About one-third of all...
UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator
Jun 13 2018 // The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy...
May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report
Jun 8 2018 // Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe...
A.M. Best: Outlooks Negative for National Lloyds, American Summit Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of National Lloyds...
Outlooks Revised to Stable for North Dakota’s Center Mutual Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Center Mutual Insurance Co. in Rugby,...
Here’s What’s to Expect for Global Commercial Insurance Market Growth
Jun 8 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017...
Report: Florida Led Nation in Boating Accidents, Deaths in 2017
Jun 8 2018 // Officials say the number of boating accidents in Florida is rising. The Florida Fish and Wildlife Conservation Commission last month released its annual boating accident report that showed that there was a nearly 14...
Most Commercial Insurance Prices Continued Creeping Up in May: IVANS
Jun 5 2018 // Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as...
Nevada Motorists Face July 1 Auto Insurance Rate Increase
Jun 4 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up. Officials announced earlier that almost one...
Delaware Seniors See Average Decrease of More Than $100 in Car Insurance Rates
Jun 4 2018 // Delaware’s House Substitute 1 for House Bill 80 (HS 1 for HB 80), signed into law on August 1, 2017, went into effect on May 1 of this year. As a result of the legislation, Delaware consumers with policies through...
Illinois’ Cost per Workers’ Comp Claim Grew 1-3% Per Year: WCRI
Jun 4 2018 // The average total cost per workers’ compensation claim in Illinois grew annually between 1 percent to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute. The growth was...
North Carolina Steps Up Workers’ Comp Fraud Investigations, Fines for No Coverage
Jun 4 2018 // North Carolina has stepped up its efforts to identify businesses not complying with state workers’ compensation laws which it says has resulted in a significant increase in fines collected compared to the same time...
Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage
Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising. In 2017, for the fourth consecutive...
Cyber Market Grew 32% But Small-Medium Firms Opted Out
Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
Louisiana Homeowners Insurance Market More Competitive, LDI Says
Jun 4 2018 // The Louisiana Department of Insurance says the state’s homeowners insurance market is much more competitive these days than it was a decade ago. The LDI reported in its 2018 Agency Snapshot that in 2017, the...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Researchers Cool Their 2018 Hurricane Season Forecast
Jun 1 2018 // Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don’t take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring researchers to scale...
