Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
Sep 17 2020 // The top emerging litigation risk identified for the year ahead is PFAS, the so-called “forever chemicals” used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting foam and...
Floridians Concerned About Disaster Recovery, Hurricane Deductibles: Survey
Sep 17 2020 // As Hurricane Sally bears down on the Gulf Coast, a new survey is highlighting the concerns many Florida residents have about the impact of catastrophic storms on their communities and everyday lives, as well as if they are...
Casualty Reinsurance Demand Rises in N. America Despite Hardening Primary Rates
Sep 16 2020 // Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice president, Casualty...
Study Tracks Post-Reform Trends in California Workers’ Comp Medical Service
Sep 15 2020 // The average number of visits for evaluation and management and physical medicine services in the California workers’ compensation system has continued to edge down since the enactment of the sweeping reform law SB...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates. The good news for companies,...
ESG Industry Booms but Investors Worry Risks Are Piling Up
Sep 10 2020 // LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J. Safra Sarasin, as demand surges for...
With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing
Sep 10 2020 // Prime Minister Boris Johnson announced new restrictions on social gatherings in England on Wednesday, saying there was a clear need to act after a spike in COVID-19 infections. Speaking at a televised news conference,...
American Impressionist Painting Missing Since 1995 Turns Up at Museum Exhibit
Sep 9 2020 // A painting by American artist Robert Spencer, missing since 1995, was recovered after a Pennsylvania art museum included it in an exhibit. Christopher A. Marinello, owner of Art Recovery International, said one of his...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market
Sep 9 2020 // Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price...
South Carolina Sues Entities Behind ‘Mount Trashmore’ for $5M in Clean Up Costs
Sep 8 2020 // South Carolina sued the owner of a site where a massive pile of trash burned and smoldered for months, demanding $5 million to pay back what the state spent to put out the fire and clean up the site. Able Contracting Inc....
Changing How We Recruit — The Future of Insurance Post COVID-19
Sep 7 2020 // Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a...
The Rising Risk of Inland Flooding
Sep 7 2020 // Not Only in FEMA Zones, Not Only During Hurricane Season Major companies across the U.S. are increasingly recognizing the risk for inland flooding and with good reason. As recent hurricanes like Harvey and Florence made...
What Does the Future of the Agency System Look Like?
Sep 7 2020 // The demise of the independent agent has been predicted ad nauseam, however arguably the most hotly debated version came from a 2013 McKinsey report with a section entitled “The End of an Era for the Local Insurance...
Cyber Attacks Are Seen Pushing Up Risk Premiums for Stocks
Sep 4 2020 // U.S. equity investors are demanding higher risk premiums to compensate for rising cyber threats as the coronavirus pandemic pushes more businesses to move online. That’s according to researchers at Michigan State...
Florida Workers’ Comp Rates Going Down, Again
Sep 4 2020 // The downward trend for Florida workers’ compensation rates is set to continue next year thanks to favorable loss experiences from policy years 2017 and 2018. The latest filing from the National Council on...
Despite Pandemic, Derecho, Midwest Economy Improves, Survey Finds
Sep 2 2020 // The rural economy in Middle America showed improvement in August, despite the effects of a global pandemic and a rare devastating windstorm earlier in the month, according to a monthly survey of nine Midwest and Plains...
Report: Workers’ Comp Written Premium in California for First Quarter to be Down 5%
Sep 2 2020 // The Workers’ Compensation Insurance Rating Bureau of California has released its quarterly experience report, an update on California statewide insurer experience valued as of March 31, 2020. Highlights of the report...
China Reinsurance Group’s Premiums Rise 20% in First Half
Sep 1 2020 // In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the pandemic. In the first half of 2020, gross written premiums increased 20.5% year-on-year to RMB102.1...
Check Up: The Post-Pandemic Future of the Current Telehealth Sensation
Aug 31 2020 // Telehealth is a bit of American ingenuity that seems to have paid off in the coronavirus pandemic. Medicare temporarily waived restrictions predating the smartphone era and now there’s a push to make telemedicine...
4 Killed as Hurricane Laura Slams Louisiana, but Less Damage Than Forecast
Aug 27 2020 // Hurricane Laura ripped through Louisiana on Thursday, destroying buildings in towns across the southwestern corner of the state and killing four people who were crushed by falling trees as they sheltered in their homes,...
