Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks
Jul 11 2024 // An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
Jul 10 2024 // Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report...
CSU Research Team Increases Atlantic Hurricane Forecast
Jul 10 2024 // Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane season, which has already seen three named storms. CSU’s Department of Atmospheric...
NHTSA: Traffic Deaths Decrease Again in Q1 2024
Jul 9 2024 // Less people died in traffic accidents during the first three months of 2024, compared to the same time the prior year. The quarter looks to be the eighth in a row for a decline in traffic fatalities, dating back to the...
Q2 2024 Personal Insurance Rates Up 7.6%: MarketScout
Jul 5 2024 // The average rate increase for U.S. personal lines coverages was about 7.6% in the second quarter, up from about 4.8% for the first three months of the year, according to MarketScout. Dallas-based MarketScout, a division of...
New-Vehicle Sales Growth Slows After CDK Cyberattack
Jul 5 2024 // Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June. General Motors...
State Farm Seeking Large Rate Increases in Wildfire-Prone California
Jul 3 2024 // State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7% and 20%—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of...
California Wildfire Outlook: ‘A Challenging Season for Firefighters’
Jul 1 2024 // While the official start to California’s wildfire season is still a ways off, the best forecast of what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters...
Report: Combined California Workers’ Comp Losses and Expenses Down in 2023
Jul 1 2024 // Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and...
US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
Jul 1 2024 // The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous...
Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience
Jul 1 2024 // Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening resilience of supply chains and the repercussions of persistent...
AI, Economy, Geopolitical Conflicts Lead to Highest Level of Corporate Risk in 12 Years: Report
Jul 1 2024 // Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of...
Room for Growth in Smaller Green Energy Market
Jul 1 2024 // How are insurers viewing the solar and renewable energy markets? While large risks likely have no problem, smaller to middle risks may face difficulty. “I certainly think there’s a gap in the smaller risk...
California Workers’ Comp Med-Legal Costs up Sharply Under New Fee Schedule
Jun 28 2024 // Payments for medical-legal evaluations and reports used to resolve medical disputes in California worker injury claims rose more than expected since a new Med-Legal Fee Schedule (MLFS) took effect in 2021, according to a...
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey
Jun 28 2024 // Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One in 10 are considering relocating to an area with lower premiums. Within the last...
IICF Hosts Nearly 800 Attendees at Regional Forums Advancing the Future of Work
Jun 27 2024 // Since 2013, events have raised over $10 million in support of nonprofits helping those in need in the US and UK LOS ANGELES – June 26, 2024 – The Insurance Industry Charitable Foundation (IICF), a nonprofit...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
Jun 27 2024 // Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024...
Jacksonville OKs Jags’ $1.4B ‘Stadium of the Future’ to Spur Growth Downtown
Jun 27 2024 // JACKSONVILLE, Fla. (AP) — The city of Jacksonville approved a $1.4 billion “stadium of the future” Tuesday that should keep the Jaguars in one of the NFL’s smallest markets for at least another 30 years...
The Rise of Strategic Cargo Theft and Steps to Prevent It
Jun 26 2024 // This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high last year — up 57% across North America alone.[1] Most commonly, these thefts are the result of an ongoing misdirection...
CDK Tells Customers Dealer System Likely Down Until June 30
Jun 26 2024 // Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end of the month. In a message to clients Tuesday, CDK warned dealerships that because...
