Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Climate Change to Cause $38 Trillion a Year in Damages by 2049
Apr 18 2024 // Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
Apr 16 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...
Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud
Apr 16 2024 // Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on...
Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey
Apr 15 2024 // In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or...
Travelers Survey: Distracted Drivers Making US Roads More Dangerous
Apr 12 2024 // Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it has been in past years. Travelers noted the pandemic triggered a new wave of dangerous habits. The 2024...
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Apr 11 2024 // Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to...
Europe’s Wildfires in 2023 Were Among Worst This Century: Report
Apr 11 2024 // The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday. Last year, more than half a million (504,002) hectares, an area twice the size of...
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
Apr 10 2024 // It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National...
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The...
Israel Cyber Firm Claroty Eyes 2025 US IPO at $3.5B Value: Report
Apr 9 2024 // Israeli cyber security startup Claroty is preparing a possible U.S. initial public offering in 2025 at a valuation of $3.5 billion, the Calcalist financial daily reported on Tuesday. Calcalist, without citing sources, said...
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher
Apr 9 2024 // If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%,...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report
Apr 9 2024 // US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an...
Violence Against Nurses Climbed 5% Last Year, Report Shows
Apr 9 2024 // Reported assaults on nurses jumped 5% across the United States in 2023, according to a new report, raising questions for workers’ compensation insurers and potentially adding to calls for legislation from...
Viewpoint: Florida Insurance Market on the Mend
Apr 5 2024 // Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At that time, the Florida insurance market was on life support. Homeowners’ insurance companies,...
Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth
Apr 5 2024 // Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last year’s “redistribution of...
Nationwide Wants 19% Increase in Auto Rates in West Virginia
Apr 4 2024 // Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said...
Nationwide Survey Finds Distracted Driving Still an Issue
Apr 4 2024 // A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey...
Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure
Apr 4 2024 // Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows. The report shows 40%...
People Moves: Tokio Marine HCC CPLG Names New VPs and Head of Emerging Markets
Apr 2 2024 // Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, named two new vice presidents and a head of emerging markets. CPLG appointed...
