Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
Sep 16 2024 // It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. Though 83% of its clients...
Update: Flood Death Toll Rises as Europe Counts Cost of Storm Boris
Sep 16 2024 // Floods ripped through central Europe killing at least 17 people, as governments across the region took emergency measures and prepared to spend hundreds of millions of euros on the cleanup. Flows in the Danube —...
Senior Living Facilities Face Labor Shortages, Nuclear Verdicts and Changing Insurance Market
Sep 16 2024 // Continuing worker shortages, the threat of nuclear verdicts in some geographical locations, and the implementation of new technology are all shaping the property/casualty insurance market for senior living...
E&S Leaders Embrace the Risky Future
Sep 16 2024 // The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment. The industry continues to...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
Sep 12 2024 // For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total...
Moody’s, Amwins Expect Continued Cyber Market Growth
Sep 12 2024 // Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Sep 11 2024 // Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023...
Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA
Sep 11 2024 // Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022,...
VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs
Sep 10 2024 // Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions as the country’s most important industry fights for its future. The manufacturer...
Summer 2024 Was World’s Hottest on Record: EU Climate Change Monitor
Sep 9 2024 // The world is emerging from its warmest northern hemisphere summer since records began, the European Union’s climate change monitoring service said on Friday, as global warming continues to intensify. The boreal...
Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak
Sep 6 2024 // Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift came with an expectation of continued profitability—and a forecasted combined ratio around...
Germany Cracks Down on China Green Fraud in Deepening Scandal
Sep 6 2024 // German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions. The initiatives, which were run by...
New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025
Sep 6 2024 // The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary...
NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees
Sep 4 2024 // Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. state in recent years. That trend may have now come to an end in Florida, where the National Council on...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims
Sep 3 2024 // Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and...
Hurricane Debby Claims Already Two-Thirds of Idalia Claims in Florida, as Insurance Market Strengthens, Regulator Says
Sep 2 2024 // The number of Florida claims from Hurricane Debby, filed within 10 days of the storm, stood at almost two-thirds of the number of claims filed from Hurricane Idalia in a three-month period. Debby claims by Aug. 16 had...
Network Growth in Hard Market
Sep 2 2024 // For more than a decade, Insurance Journal has recognized some of the nation’s largest agency partnerships and networks in its annual Top 20 ranking. In 2014, Insurance Journal’s Top 20 Agency Partnerships...
Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
Sep 2 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during...
TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase
Aug 30 2024 // The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host...
Lithium Startups Bet on High Demand in Battery-Powered Future
Aug 30 2024 // As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To...
