Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey
Apr 20 2021 // The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists off the streets, a...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch
Apr 20 2021 // Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face increasing profit pressure. insurers will have to achieve both significant premium rate...
North Carolina Dwelling Rates to Increase by 7.6%; Mobile Home Request in Dispute
Apr 19 2021 // The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase, averting a potentially costly administrative battle with...
SCOR Reports 4.3% Increase in Reinsurance Prices During April Renewals
Apr 19 2021 // French reinsurer SCOR said it benefited strongly from continued improvements in pricing and terms and conditions, during the April 1, 2021 reinsurance renewals – a continuation of trends already seen during the January...
Fearlessness Forecasts Success
Apr 19 2021 // Recently I had a conversation with a well-known author and sales coach of high performers in which we discussed critical characteristics of successful commercial lines producers. One stood out to me. This consummate coach...
What Young Agents Think Survey: Optimism High Among Young Agent Leaders
Apr 19 2021 // Despite ongoing concerns over the pandemic, young agents say they felt supported by their agencies over the past year. A majority of young agents felt satisfied with how their agency responded to COVID-19 and rated their...
Deaths in Vehicle Crashes Up 38% in South Dakota in 2020
Apr 16 2021 // The number of traffic crash fatalities in South Dakota rose to 141 last year — an increase of 38% over the previous year. The South Dakota Department of Public Safety said in 2020, there were 132 crashes in which the...
‘Insure Our Future’ Pressures Lloyd’s to ‘Immediately Stop’ Insuring Fossil Fuel Projects
Apr 15 2021 // Insure our Future, the anti-fossil-fuel campaign group, is pressuring Lloyd’s to immediately stop insuring coal and new oil and gas projects that exacerbate climate change. The group has launched a website, which is...
White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow
Apr 15 2021 // A White House plan to rapidly shore up the security of the U.S. power grid will begin with a 100-day sprint, but take years more to transform utilities’ ability to fight off hackers, according to details of a draft...
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Report: Carjackings, Thefts Up Significantly in New Orleans
Apr 9 2021 // Carjackings are on the rise in New Orleans, authorities say. Carjackings are up more than 60% compared to last year, WGNO-TV reported. So far in 2021, more than 70 people have been victims of the crime in New Orleans...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market
Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown...
Home Working Likely to Remain – Even After Pandemic Ends: UK Survey
Apr 8 2021 // Home working is likely to remain after the pandemic finishes, according to a survey of 2,000 companies the UK, most of which are planning to allow employees greater flexibility on where and when they do their jobs. CIPD,...
Outlooks Revised to Stable for Farm Bureau of Idaho Group Members
Apr 5 2021 // AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Farm Bureau Mutual Insurance Co. of Idaho and...
Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades
Apr 5 2021 // TAIPEI – Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week, as the government said five of the eight carriages had now been removed. Fifty...
Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources
Apr 5 2021 // CAIRO – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounce back from...
Report: Drug Addiction Cost West Virginia an Estimated $11B in 2019
Apr 5 2021 // Treating and addressing drug addiction cost West Virginia an estimated $11.3 billion in one year, according to a new report from the Center on Budget and Policy. The report, written by economist Jill Kriesky, says the...
2021 Brings Tough Insurance Market for Airplanes, Copters & More
Apr 5 2021 // The aviation insurance market is feeling the pressure on rates and availability after 10 years of soft conditions. Eric W. Barfield, chief operating officer at Assured Partners’ Aerospace division, says this small...
London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising
Apr 1 2021 // Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a report published by Fitch Ratings. The main drivers of losses were event...
What The Telecommuting Trend Could Mean for Florida Workers’ Comp Claims
Apr 1 2021 // As companies continue to adapt to COVID-19, it is evident that one of the long-lasting effects of the novel coronavirus will be the increased number of permanent work from home accommodations. According to a recent Gallup...
