Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz
Apr 10 2025 // Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as for their insurers, according to a report published by Allianz Commercial. The impact of civil unrest or...
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Apr 10 2025 // Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that...
After Decades of Abuse Complaints, New York Pediatrician Ordered to Pay $1.6 Billion
Apr 10 2025 // Starting in the 1980s, New York law enforcement and health officials fielded sexual abuse complaints from the young patients of a respected pediatrician who ran his practice out of a basement office in his home on Long...
Pedestrian Traffic Deaths About 50% More Than a Decade Ago: Report
Apr 9 2025 // About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by...
New Mexico Insurance Department Moving to Increase FAIR Plan Limits
Apr 8 2025 // New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move...
Viatris to Pay Up to $335 Million to Resolve Opioid-Related Claims
Apr 7 2025 // Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the...
MarketScout: Q1 Composite Personal Lines Rates Up 4.9%; Commercial Rates Up 3%
Apr 7 2025 // According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group,...
Maine Approves 9.6% Decrease in Workers’ Compensation Costs
Apr 7 2025 // Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of...
Why Some Transportation Risks Could Find Options With Captives: Risky Future Webinar
Apr 7 2025 // Standard market woes, captive growth, and the increased importance of navigating relationships with third-party administrators–insurance experts in the commercial trucking arena have helped their clients traverse a...
Inflation, Rising Claim Costs, Riskier Business Reasons Cited for Rate Increases in A&E Market: Survey
Apr 7 2025 // Architects and engineers professional liability insurers report concerns about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design...
Today’s Commercial Property Market in ‘Better Place’ Brokers Assess 4 Current Trends: Vacancies, Alternatives, Valuations, Wildfires
Apr 7 2025 // Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to...
Pennsylvania Woman Charged With Filing Claim on Barn Pulled Down by TV Show
Apr 4 2025 // A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton...
Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity
Apr 3 2025 // The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named...
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
Apr 3 2025 // The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how...
TDI to Adopt 11.5% Workers’ Comp Rate Decrease
Apr 2 2025 // The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current...
Swiss Market Regulator FINMA Restructures; Head of Insurance Division to Step Down
Apr 2 2025 // Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged...
North Carolina Commissioner Settles Mobile Home Rate Increase at 11%
Apr 2 2025 // North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North...
California OKs Increase in FAIR Plan Commercial Property Coverage Limits
Mar 31 2025 // California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous...
Viewpoint: Steady Growth Amid Market Cycles Is Possible
Mar 31 2025 // Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The...
AM Best Revises Outlooks to Stable for Members of ISMIE
Mar 27 2025 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ISMIE Mutual Insurance Company...
