Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Allstate to Increase Magnitude of Auto Rate Hikes in 2022
Apr 25 2022 // Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity. The personal property insurer said in a statement on April 21 that first quarter unfavorable...
Small Businesses Are Burning Out: Survey
Apr 21 2022 // According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the economy and inflation. Only 29% of respondents said they felt optimistic about an economic recovery...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits
Apr 21 2022 // The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by Fitch Ratings. As a...
UK Car Insurance Premiums Reached 18-Month High in 1st Quarter: Survey
Apr 21 2022 // The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will continue to increase on the back of rising inflation and regulatory changes, a survey showed on...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Apr 19 2022 // Swiss Re has secured US$1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its “growth opportunities...
UK CFOs Expect High Inflation to Cut Profit Margins: Deloitte Survey
Apr 19 2022 // More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their profit margins, and few see the Bank of England getting inflation under control in the...
Future Liability Releases at Center of Boy Scouts Bankruptcy
Apr 18 2022 // Protecting local Boy Scouts of America councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group’s reorganization plan, BSA attorneys told a...
California Plan Would Triple Sale of Electric Cars by 2026
Apr 18 2022 // California wants electric vehicle sales to triple in the next four years to 35% of all new car purchases, an aggressive target set as part of the goal to phase out the sale of gas-powered cars by the middle of next...
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
Apr 18 2022 // There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to...
Rates Up Again in Q1 as Signs May Point to ‘Stronger Increases’: MarketScout
Apr 18 2022 // During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the...
23 Injured in Texas Storms; More Tornadoes Forecast in US
Apr 14 2022 // Nearly two dozen people were injured when tornadoes swept through central Texas as part of a storm system that was expected to spawn more twisters and damaging winds Wednesday. The storms caused widespread damage Tuesday...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch
Apr 14 2022 // According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry...
Update: South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
Apr 14 2022 // South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The heaviest rainfall in...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020, Study Finds
Apr 13 2022 // Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop about 5% more rain....
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
Apr 8 2022 // There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to...
Rates Up Again in Q1 as Signs May Point to ‘Stronger Increases’: MarketScout
Apr 7 2022 // During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the...
Rising Interest Rates: 2 Steps to Avoid Extra Expense
Apr 7 2022 // This post is part of a series sponsored by InsurBanc. It’s amazing how the world has changed during the first quarter of 2022. Globally, there is unrest that is both heartbreaking and nerve-wracking. Domestically, we...
Florida insurance market needs strong medicine
Apr 7 2022 // If the Florida homeowners’ insurance market were in a medical exam, the diagnosis would find the patient in dangerously poor condition. The patient’s vital signs—its financial results—are troubling. What is...
Boy Scouts Abuse Settlement Attacked for Preventing Future Lawsuits
Apr 7 2022 // The Boy Scouts of America’s sexual abuse compensation fund should be rejected, a small group of victims say, because the proposal has the same legal flaw that ended a similar plan by bankrupt opioid maker Purdue...
AM Best Revises Outlook for South Carolina-based Greenville Casualty
Apr 6 2022 // The AM Best rating firm has revised its outlook for South Carolina-based Greenville Casualty Insurance Co., from positive to stable. The insurer’s financial strength rating remained the same at “B...
