Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Alaska Wary of ‘California Style’ Blackouts; Study Assesses Global Hailstorm Trends
Apr 1 2021 // Alaska could face “California-style” blackouts as climate change increases the state’s wildfire risk. That’s according to an article this week in the Anchorage Daily News. The article centers on...
North Carolina Residents Struggle to Recover from Strongest Tornado on Record
Mar 31 2021 // It’s been over a month since a tornado tore through southeastern Brunswick County. In Ocean Ridge Plantation, the neighborhood that bore the brunt of the storm damage, some homeowners remain in limbo. Carol Phillips...
Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth
Mar 31 2021 // Powered by InsuranceJournal.tv Cyber attacks can strike any individual or business at any time, but on this episode of the Insuring Cyber Podcast, Insurance Journal’s Elizabeth Blosfield spoke with two guests about...
Number of Independent Agencies Dips a Bit: Future One Study
Mar 30 2021 // Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a number slightly below the last tally of 36,500 in 2018. That’s...
Participate in Insurance Journal’s Young Agent Survey Today
Mar 25 2021 // Insurance Journal is seeking young independent insurance agents – those 40 and under – to share their thoughts on the insurance industry, their job and their future as a young professional in the annual Young...
National Weather Service Upgrades Forecast Model
Mar 25 2021 // The National Weather Service has turbocharged its lagging forecast model to better predict extreme weather events such as hurricanes, blizzards and downpours, as well as day-to-day weather. By including much higher layers...
Britain Proposes Requiring Large Firms to Disclose Climate Financial Risks by 2022
Mar 24 2021 // Britain launched a public consultation on Wednesday on proposals to require large companies as soon as 2022 to disclose the financial risks they face from climate change. The business ministry said disclosures should be in...
New Mexico Lawmakers Aim to Address Rising Costs of Child-Abuse Settlements
Mar 23 2021 // The New Mexico state Legislature has passed a bill aimed at reducing the rehiring of abusive teachers and addressing the rising costs of child-abuse-related settlements. The Senate passed the bill 37-0 on late last week,...
