Latest Trends Headlines

All the headlines from our Trends Topic Page, ordered by recency.

US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report

Apr 9 2024 // US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm.The number of dog bite and related injury claims was 19,062 in 2023, an...

Violence Against Nurses Climbed 5% Last Year, Report Shows

Apr 9 2024 // Reported assaults on nurses jumped 5% across the United States in 2023, according to a new report, raising questions for workers’ compensation insurers and potentially adding to calls for legislation from...

Viewpoint: Florida Insurance Market on the Mend

Apr 5 2024 // Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At that time, the Florida insurance market was on life support. Homeowners’ insurance companies,...

Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth

Apr 5 2024 // Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last year’s “redistribution of...

Nationwide Wants 19% Increase in Auto Rates in West Virginia

Apr 4 2024 // Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers.The West Virginia insurance commissioner said...

Nationwide Survey Finds Distracted Driving Still an Issue

Apr 4 2024 // A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide.The new latest driving behaviors survey...

Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure

Apr 4 2024 // Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows.The report shows 40%...

People Moves: Tokio Marine HCC CPLG Names New VPs and Head of Emerging Markets

Apr 2 2024 // Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, named two new vice presidents and a head of emerging markets. CPLG appointed...

US Home Insurance Premiums May Hit a Record This Year, Report Warns

Apr 1 2024 // US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis.The average premium for homeowners insurance...

2024 Elections to Direct Global Course for Next Decade-Plus: Marsh Specialty

Apr 1 2024 // More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk...

EEOC Charges, Enforcement, Recoveries Up in 2023: Report

Apr 1 2024 // The U.S. Equal Employment Opportunity Commission (EEOC) reported heightened enforcement activity, charge activity and settlements in 2023, according to a recently released report on the agency’s performance during...

Survey: Most Architects and Engineers Professional Liability Rates to Rise

Apr 1 2024 // Most insurers plan to increase architects and engineers (A&E) professional liability insurance rates for a third consecutive year, according to a new survey by Ames & Gough.The specialty insurance broker reported...

Update: NC High Court Strikes Down Compensability of Weight-Loss Surgery

Mar 27 2024 // The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss...

Participate in the Annual Young Agents Opinion Survey: Last Call

Mar 27 2024 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent?Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...

Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians

Mar 26 2024 // Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions.The largest facility of its kind, it...

Lawsuit in New Mexico Alleges Abuse by Catholic Priest Decades Ago

Mar 26 2024 // A man who says he was sexually abused as a boy by a priest in New Mexico in the 1960s sued the church and diocese this week, the latest case to surface in the state as the Roman Catholic Church wrestles with the global...

Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey

Mar 21 2024 // In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers.CROs surveyed said the top five risk types or...

EPA Bans Asbestos, Still in Use Decades After Partial Ban

Mar 21 2024 // The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that kills tens of thousands of Americans every year but is still used in some chlorine bleach, brake pads and other...

California Insurance Wholesalers Association (CIWA) Celebrates Unprecedented Growth and Continues Upward Trend

Mar 19 2024 // SAN FRANCISCO BAY AREA, March 19, 2024 – The California Insurance Wholesalers Association (CIWA), a nonprofit organization dedicated to advocacy, education, and networking in the Property & Casualty segment of the...

Chubb Launches Global Transactional Risk Platform to Grow International Footprint

Mar 18 2024 // Chubb announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets.Chubb has appointed Josh Cowen as senior vice president,...