Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
CNA Q4 Net Income Drops but Increases 74% for Full Year 2021
Feb 7 2022 // CNA Financial Corp. said fourth quarter 2021 net income decreased more than 30% to $266 million compared to the same period the prior year. There was a drop in net investment income during the last three months of 2021 to...
EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance
Feb 7 2022 // Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3
Feb 7 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through...
U.S. Surplus Lines Premium Up 22% in 2021
Feb 7 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines’ stamping offices. The increases represented record levels of premium...
10 Emerging Risks to Watch
Feb 7 2022 // Insurance Journal examined industries experiencing changes and a few challenges due to the COVID-19 pandemic, economic forces and tough insurance market conditions in 2021. Here are 10 industry sectors that could see new...
Last Chance: Share Your Thoughts on Agency Compensation Trends Now
Feb 3 2022 // Tomorrow is the last day to participate in Insurance Journal’s annual Agency Salary Survey. Survey respondents receive a complimentary copy of Insurance Journal’s report. We invite all retail agency owners,...
Traffic Fatalities Continue on Record Pace But Not in All States
Feb 3 2022 // The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday, keeping up a record pace of increased dangerous driving during the coronavirus pandemic. The estimated...
Use of Fertilizer Behind Explosions, Fires Declines Due to High Risks
Feb 2 2022 // The nitrogen fertilizer causing a stir over imminent danger of explosion in North Carolina has been fading from the U.S. market exactly because of this kind of risk. Ammonium nitrate was the first solid nitrogen fertilizer...
Take This Year’s Agency Salary Survey: Deadline Friday
Jan 31 2022 // Each year Insurance Journal asks retail agency owners, principals, producers, CSRs — the entire agency — to participate in the Insurance Journal Agency Salary Survey for publication in Insurance Journal...
Climate Risk Is Top London Market Challenge, IUA Survey Shows
Jan 27 2022 // The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association (IUA) has revealed. In a survey of its members, the organization recorded 27%...
U.S. Surplus Lines Premium Up 22% in 2021
Jan 26 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases represented record levels of premium ($51...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3
Jan 25 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through...
World’s Largest Asset Owners Pledge to Halve Emissions in Portfolios by 2030
Jan 25 2022 // A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response to climate change and aimed to at least halve carbon emissions from their investment portfolios by...
Insurtech Root Lays Off 330 Employees as Loss Costs Increase
Jan 24 2022 // Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder and CEO Alex Timm in an...
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses
Jan 24 2022 // Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial...
UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market
Jan 20 2022 // Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022. The company, which...
Florida OIR To Hold Hearings Friday on Big Rate Increases for Three Carriers
Jan 20 2022 // Florida regulators will hold hearings Friday, Jan. 21, on another round of hefty rate hikes requested by property insurers facing losses in the state’s distressed property insurance market. Southern Fidelity...
UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey
Jan 19 2022 // The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on...
Report: Louisiana Seafood Industry Saw $580M in Losses From 2020-21 Hurricanes
Jan 19 2022 // Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea...
