Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Idaho’s Workers’ Comp Rates Decreasing 11.5% for 2023
Oct 18 2022 // The Idaho Department of Insurance accepted a 11.5% reduction in rates, effective January 1, 2023. This follows the National Council on Compensation Insurance submission of its annual rate recommendation to the Idaho...
Ride-Hailing Firm Lyft Hikes Service Fee for Rides as Insurance Costs Rise
Oct 18 2022 // Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages less than 50 cents per trip nationally, a Lyft...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 17 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Why Regulatory Interference Drives Property Insurance Market Instability
Oct 17 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Future of Insurance: How Technology May Change P/C Underwriting and More
Oct 17 2022 // With rising inflation and the prospect of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
Report: Oil Spills Dropped Dramatically Last Decade
Oct 17 2022 // Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report. The amounts spilled and dumped...
Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past
Oct 17 2022 // The first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance handbook, meaning the industry is...
New Data Suggests Dangerous Driving Trend Is Slowing, Slightly
Oct 13 2022 // Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business shutdowns is beginning to abate. The National Highway Traffic Safety Administration...
The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency
Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles
Oct 12 2022 // This post is part of a series sponsored by AgentSync. Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...
Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past
Oct 12 2022 // Powered by InsuranceJournal.tv The first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance...
The Emerging Market for Active Assailant Insurance
Oct 12 2022 // So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the shooting at Robb Elementary School in Uvalde, Tex., or the attack during the Fourth of...
How One Computer Forecast Model Botched Hurricane Ian
Oct 11 2022 // As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and...
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Oct 11 2022 // Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of reinsurance. Donelon...
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Oct 10 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change. While climate change is leading to more severe and frequent natural...
Study Shows Climate Change Made Droughts More Likely in 2022
Oct 6 2022 // Climate change made droughts in the Northern Hemisphere droughts more likely this year, a new study by a team of U.S. and international scientists shows. The scientists, part of World Weather Attribution, a group that...
‘Best Before’ Labels Scrutinized as Food Waste Concerns Grow
Oct 6 2022 // As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to estimate peak...
Indiana Approves Decrease in Workers’ Comp Rates for 2023
Oct 5 2022 // Indiana Department of Insurance Commissioner Amy L. Beard recently approved a decrease of 10.3% on average for Workers‘ Compensation rates recommended by the Indiana Compensation Rating Bureau (ICRB), effective...
Florida Cities Crushed by Ian Face Highest Borrowing Costs in Decade
Oct 4 2022 // Florida cities looking to rebuild from the devastation of Hurricane Ian will be financing their efforts during the worst environment for municipal borrowing in more than a decade. Washed-out roads and bridges are only the...
Verisk: Up to $57B Insured Losses from Hurricane Ian
Oct 3 2022 // Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the damage – $38-51 billion – coming from wind damage, according to Verisk. “Damage was more severe...
