Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
$0 to $100M in 3 Years: Fast-Growing Work Comp Provider Sees Bright Future Ahead
Mar 23 2021 // Despite the softening of rates and the challenges of the coronavirus pandemic, one Midwest-based workers’ compensation insurance provider that opened its doors just over three years ago reports that it not only has...
North Carolina Insurers Request Increases on Mobile Home Policy Rates
Mar 23 2021 // The North Carolina Rate Bureau has filed a request with the North Carolina Department of Insurance to increase insurance rates for mobile home policies. The NCRB, which represents insurance companies and is not a part of...
Climate Change Could Cut 63 Countries’ Credit Ratings by 2030: University Study
Mar 22 2021 // LONDON – A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch – could see their credit...
India Increases Limit on Foreign Direct Investment in Insurance Companies
Mar 22 2021 // India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation increasing the limit...
Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase
Mar 22 2021 // The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase filed by National Specialty Insurance Co. for its homeowners multi-peril lines of...
Citizens’ CEO: Florida Property Insurance Market is Shutting Down
Mar 19 2021 // Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance market continues...
Hundreds of Flights Canceled During China’s Worst Sandstorm in Decade
Mar 16 2021 // BEIJING – China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancellation of hundreds of flights. Skyscrapers in the center of...
Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases
Mar 12 2021 // The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from Citizens Property Insurance Corp. The hearing will be held virtually at 9 am EST and will include...
California’s Five Largest Counties Forecast Looser Virus Rules
Mar 11 2021 // Three of the five largest counties in California could reopen as early as this weekend for indoor dining, movie theaters and gyms at limited capacity under a new metric aimed at getting more shots to those most...
What Stakeholders Are Saying About the Florida Insurance Market
Mar 11 2021 // Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address what has been deemed a market crisis. Read on for what everyone from the...
Indiana Says Medical Malpractice Surcharge Rates to Decrease in July
Mar 10 2021 // The surcharge rates for healthcare providers electing to be qualified under Indiana’s Medical Malpractice Act will go down in July, the Indiana Department of Insurance has announced. The department outlined the rate...
Workers’ Compensation Remained Outlier as Commercial Prices Continued Rising in Q4
Mar 9 2021 // U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020. Again, except for workers’ compensation. According to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey...
Kentucky Flooding Worst in Decades; Governor Tours Damage
Mar 8 2021 // Gov. Andy Beshear reiterated his promise to seek federal disaster relief on Friday while touring several flooded counties in Eastern Kentucky, the Lexington Herald-Leader reported. “What I saw was the worst...
White House Warns of Hack of Microsoft’s Outlook Email Program
Mar 8 2021 // The White House on Sunday urged computer network operators to take further steps to gauge whether their systems were targeted amid a hack of Microsoft Corp.’s Outlook email program, saying a recent software patch...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
Mar 8 2021 // If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times...
Hacks of Microsoft Outlook Email Program Continue Despite Patch
Mar 7 2021 // More than 20,000 U.S. organizations have been compromised through a back door installed via recently patched flaws in Microsoft Corp.’s email software, a person familiar with the U.S. government’s response said...
Survey Finds Insurance Agency Employees Now Prefer Mix of At-Home, In-Office Work
Mar 5 2021 // Insurance agency managers may need to reassess the future of the five-day-a-week office after the pandemic is over as nearly two-thirds of agency employees would like a mix of at-home and office going forward. That’s...
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks
Mar 4 2021 // More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to varying sources...
Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021
Mar 4 2021 // Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth...
Survey: Midwest Economy Grows, but Inflation, Shipping Worries Loom
Mar 2 2021 // The economy in nine Midwest and Plains states continues to improve to levels seen before the start of the coronavirus pandemic last year, according to a new monthly survey of business leaders, but concerns about rising...
