Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Florida’s Altmaier Sees His State’s Private Flood Insurance Market Helping Others
Jun 7 2021 // Powered by InsuranceJournal.tv Florida has 90,000 private flood insurance policies in force now– a 300% increase since passing legislation to encourage private insurers to offer the coverage in 2014, according to...
AM Best: Outlooks Revised to Negative for Southern Vanguard Insurance
Jun 4 2021 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Texas-based property/casualty...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best
Jun 4 2021 // With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best...
AM Best Revises Outlooks to Negative for Members of NLC Insurance Companies Pool
Jun 4 2021 // AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of New London County Mutual...
Chasing Yield, Private Equity Firms Nudge Up Risk on Insurers: Analysis
Jun 2 2021 // Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades...
AM Best Revises Outlooks to Positive for Anchor General in California
May 27 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Anchor General Insurance Co. in San...
State Police: Traffic Crash Fatalities in Michigan Up in 2020
May 27 2021 // Nearly 100 more people died in traffic crashes in Michigan last year than in 2019, according to preliminary data released by the state police. The state police Criminal Justice Information Center said on May 26 that 1,083...
AM Best: Florida’s Property Insurance Market Hit 5-Year Financial Low in 2020
May 27 2021 // AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and significant market hurdles, companies will find sustaining current surplus...
Fire Site in UP Michigan Town Being Treated as a Crime Scene
May 25 2021 // State and federal authorities are pitching in as investigators try to determine the cause of a fire that destroyed three buildings in the historic downtown of an Upper Peninsula village. Investigators in Calumet were...
AM Best Revises Outlook to Stable for Topa in California
May 21 2021 // 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 Ratings of “a-” (Excellent) of Topa Insurance Co. in...
Europe’s Aviation Regulator Says Flying Taxis Could Be Airborne by 2024 or 2025
May 21 2021 // PARIS – Europe could see the first flying taxis enter service as early as 2024, the region’s top aviation regulator said on Wednesday. More than half a dozen European firms have announced developments of Urban Air...
Outlooks Revised to Positive for Workers’ Comp Insurer Stonetrust
May 20 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Stonetrust Commercial Insurance Co....
Medical Marijuana Now Legal in Alabama After Decades of Debate
May 20 2021 // Alabama Gov. Kay Ivey signed medical marijuana legislation Monday as Republican opposition to the issue faded after decades of debate. The program will allow people with a qualifying medical condition to purchase medical...
Organizations Miss Competitive Advantage by Underemphasizing Emerging Risks: Marsh
May 19 2021 // Cyber attacks, climate change, geopolitical unrest — organizations agree on what some of the emerging risks that pose threats are. But they lag in understanding just how much of a threat they can be. Despite a broad...
Digital Transformation Vital to Keeping London Market Competitive: Survey
May 17 2021 // Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by the International Underwriting Association (IUA). Companies identified simplifying...
Under Pressure, Ransomware Gangs Claim They’re Shutting Down
May 17 2021 // Multiple ransomware groups claimed they were shutting down or scaling back operations on Friday as the U.S. government ramped up pressure while tech companies, cryptocurrency exchanges and others worried about getting...
Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks
May 17 2021 // The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly around social engineering...
The Entertainment Comeback Insurance Market Ready to Respond Despite Challenging Market Conditions
May 17 2021 // The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment...
Social Inflation and Increasing Demands Drive Hard Market for Security Industry
May 17 2021 // As insurance markets harden across most lines, many in the industry are looking at the impact of social inflation: Increased litigation, broader contract interpretations and larger jury and settlement awards are driving up...
Cryptocurrency Crime Declines But ‘DeFi’ Fraud Soars: CipherTrace
May 14 2021 // Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming “decentralized finance” space hit an all-time high, a report from crypto...
