Latest Trends Headlines

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

Transportation Industry Outlook 2024: A Year of Continued Challenges

Mar 18 2024 // This post is part of a series sponsored by IAT Insurance Group. More challenges are coming to the transportation sector in 2024.The U.S. economy continues to be the number one worry for drivers and fleet carriers alike....

Skeptical AM Best Tags US D&O Segment With Negative Outlook

Mar 18 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...

Compensation Trends Reshaping Client Service Salaries Within Insurance Agencies

Mar 18 2024 // After numerous requests for insurance industry compensation information, our team at Capstone started to track and analyze compensation data derived from our recruiting activities. Our most recent report came out in...

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

Mar 18 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...

The Future of Insurance Agencies

Mar 18 2024 // There is a traditional proclamation made following the accession of a new monarch in various countries that simultaneously announces the death of the previous monarch and asserts continuity by saluting the new monarch....

Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth

Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...

Music Festivals Canceled This Year Reveal Rising Costs of Producing Large Events

Mar 15 2024 // For four decades, the Riverbend Festival delighted music fans in Tennessee with headlining acts like Lionel Ritchie and ZZ Top, but this year the show won’t go on.“Riverbend is reevaluating and restructuring in...

US Inflation Up Again in February in Latest Sign Price Pressures Remain Elevated

Mar 14 2024 // Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting...

Missouri Captive Gross Written Premium Up 142%

Mar 14 2024 // The Missouri Captive Insurance industry increased its gross written premium by 142% in 2023, the Missouri Department of Commerce and Insurance (DCI) reported.The amount of written premiums in 2022 were $3,543,681,320 vs....

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

Mar 14 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...

Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls

Mar 8 2024 // Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what’s ahead.“We...

Cannabis Sales Outlook Promising for Insuring Cannabis Specialists

Mar 7 2024 // A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring...

US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4: WTW

Mar 7 2024 // U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW.According to the latest results from...

3 Key Trends Impacting Construction Contractor Liability in 2024

Mar 7 2024 // This post is part of a series sponsored by IAT Insurance Group. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge[1] in spending for nonresidential...

Most Americans Want Legal Reforms Against Practices Like Litigation Funding: Survey

Mar 6 2024 // A majority of Americans are unaware of third-party litigation funding but most believe state and federal laws should be changed to address abuses in the legal system.According to the results of a recent survey of 2,000...

Cal/OSHA Increases Civil Penalty Amounts for 2024

Mar 6 2024 // California’s Division of Occupational Safety and Health recently increased penalties for certain violations, with some maximum penalties planned to rise as much as $4,983 this year, a smaller increase than in the...

New Survey Reveals How Independent Agents Are Adapting to the Hard Market

Mar 4 2024 // The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale.Trusted Choice, the national consumer brand representing the members of...

Skeptical AM Best Tags US D&O Segment With Negative Outlook

Mar 4 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...

25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey

Mar 4 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing a trend that has now last more than 6 years.According to The Council of...

Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study

Mar 4 2024 // Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published in PLOS One in January. Researchers focused on arsenic in well water in Bangladesh, where up to 97%...