All the headlines from our Trends Topic Page, ordered by recency.
Feb 2 2024 // There were 692 reported thefts of cargo across the United States and Canada in the third quarter of 2023, a 59% increase when compared to the third quarter of 2022, according to CargoNet.Similar to the second quarter of...
Feb 1 2024 // Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating.While he reminded analysts during a fourth-quarter earnings conference...
Feb 1 2024 // The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the...
Feb 1 2024 // Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows.The California New Car Dealers Association’s...
Jan 31 2024 // Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the...
Jan 30 2024 // There has been a somewhat return to normal when it comes to insurance-agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve...
Jan 29 2024 // It’s the final two days to take this year’s Agency Salary Survey.ALL retail agency owners, principals, producers, CSRs — the entire agency — should participate and be a part of the industry’s favorite...
Jan 26 2024 // Be a part of the industry’s favorite salary survey while learning more about agency compensation trends nationwide.We would like to invite ALL retail agency owners, principals, producers, CSRs — the entire agency...
Jan 26 2024 // Ratings firm AM Best has revised the outlooks to negative from stable of Farmers Mutual Fire Insurance Co. of Marble, Pennsylvania.At the same time, it has affirmed the insurer’s Financial Strength Rating of A...
Jan 25 2024 // Texas Mutual saw nearly 6% more severe injuries reported in 2023 compared to the previous year, according to an incident trends report released by the insurer.The construction industry reported the most serious incidents...
Jan 25 2024 // Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer...
Jan 25 2024 // The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category.While no single weather event caused more than $10 billion in losses for insurers last year,...
Jan 25 2024 // This post is part of a series sponsored by IAT Insurance Group. As construction industry professionals gear up for 2024, they are faced with a landscape marked by potential challenges, much like the preceding year....
Jan 24 2024 // Progressive Corp. today said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a year ago during the same period.The Mayfield Village, Ohio-based insurer reported some quarterly and...
Jan 24 2024 // Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but every line of business averaged rate increases at renewal during the last...
Jan 23 2024 // North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits.At a public forum held online and in Raleigh, homeowners...
Jan 22 2024 // State and national news reports have raised questions about the impact that high property insurance premiums in Florida have had on the real estate market and if the costs are prompting some residents to consider moving...
Jan 22 2024 // Vehicle theft rates continue to put pressure on the personal auto insurance market.CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023...
Jan 22 2024 // While today’s insurance agency errors and omissions (E&O) market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. That’s according to experts...
Jan 18 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...